RBI drains Rs 6 lakh crore via VRRR
https://www.financialexpress.com/business/banking-finance/rbi-drains-rs-6-lakh-crore-via-vrrr/4332253 The Reserve Bank of India (RBI) sucked out Rs 6.02 lakh crore from the banking system through variable-rate reverse repo (VRRR) auctions on Friday. It stepped
Who are you, again?
The Infinite KYC Trap: Why India’s Identity Infrastructure Needs Urgent Harmonisation By Mitul Jhaveri & Aditya Sinha, Jhaveri is a public policy and GovTech professional;
Rs 34.8 lakh difference in price and stamp duty added to husband’s income for taxation despite jointly owned property – ITAT Mumbai calls it ‘not justified’
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/rs-34-8-lakh-difference-in-price-and-stamp-duty-added-to-husbands-income-for-taxation-despite-a-jointly-owned-property-itat-mumbai-calls-it-not-justified/articleshow/133729279.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Can one co-owner alone be made liable to pay tax on the difference between the property’s purchase price and stamp-duty value? ITAT Mumbai has
Rs 15 lakh fraud money credited to senior citizen’s account, police wanted to question him; HC grants anticipatory bail on this ground
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/rs-15-lakh-fraud-money-credited-to-senior-citizens-account-police-wanted-to-question-him-hc-grants-anticipatory-bail-on-this-ground/articleshow/133752992.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In a recent case in the Madhya Pradesh High Court, the police unearthed a massive pan-India cheating and forgery crime involving a
Rs 25 lakh cash deposited in bank, income tax officer sends notice for unexplained cash u/s 69; Taxpayer wins case in ITAT Bangalore, here’s why
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/rs-25-lakh-cash-deposited-in-bank-income-tax-officer-sends-notice-for-unexplained-cash-u/s-69-taxpayer-wins-case-in-itat-bangalore-heres-why/articleshow/133753257.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst ITAT Bangalore, recently ruled that if the source of a cash deposit can be traced back to identifiable withdrawals from disclosed bank
‘IBC is not a panacea’: ISB professor asks why banks did not monitor Subhash Chandra’s falling assets
https://www.businesstoday.in/industry/banks/story/ibc-is-not-a-panacea-isb-professor-asks-why-banks-did-not-monitor-subhash-chandras-falling-assets-552266-2026-08-31 “One defence of the low recovery in the Essel Group case is that the exposure arose from a guarantee, not a direct loan. But
I gave ChatGPT 7 days to help me make Rs 4,000. Here’s how much I actually earned
Can ChatGPT actually help me make money, or is it better at giving advice than turning advice into sales? I decided to test that question with a
One registry, all your insurance? 5 ways the proposed system can help policyholders
https://www.financialexpress.com/money/one-place-for-all-your-insurance-what-irdais-proposed-registry-means-for-you-4331492 Imagine having a life insurance policy with one insurer, health insurance with another, a motor policy renewed through an intermediary and perhaps an old life policy whose documents
https://economictimes.indiatimes.com/prime/is-crude-oil-becoming-a-financial-problem/primearticleshow/133713568.cms
SynopsisThe relationship between bond yields and the market is not mechanical. A rise of 20 basis points in the US Treasury yield does not mean
Source of Cash Deposits cannot be Doubted unless other Source of Income is Established: ITAT allows appeal
Source of Cash Deposits cannot be Doubted unless other Source of Income is Established: ITAT allows appeal Source of Cash Deposits cannot be Doubted unless
RBI meets banks as liquidity surplus nears Rs 10 lakh crore
https://www.financialexpress.com/business/banking-finance/rbi-meets-banks-as-liquidity-surplus-nears-rs-10-lakh-crore/4331622 RBI Meets Lenders to Manage Surge in Banking Liquidity After Record Dollar Inflows The Reserve Bank of India (RBI) met top lenders on Thursday
*******Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT Mumbai
Read more at:https://economictimes.indiatimes.com/wealth/tax/hong-kong-based-son-gets-tax-notice-after-father-buys-insurance-policy-in-his-name-with-cash-he-fights-back-and-wins-case-in-itat-mumbai/articleshow/131505565.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Agarwal originally from Goregaon East, but now living in Hong Kong for the past 15 years, gave his father Rs
*****Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains why
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-1-33-crore-cash-deposit-no-itr-filing-yet-senior-citizen-wins-income-tax-case-itat-bangalore-explains-why/articleshow/132994693.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Marathikyathanahalli, a retired teacher from Mysore, Karnataka, India deposited Rs 1.33 crore in cash into his bank account, it triggered
*******NRI used NRE account to buy Rs 79 lakh property, got ‘unexplained cash’ tax notice; ITAT Ahmedabad grants full relief
Read more at:https://economictimes.indiatimes.com/wealth/tax/nri-used-nre-account-to-buy-rs-79-lakh-property-got-unexplained-cash-tax-notice-itat-ahmedabad-grants-full-relief/articleshow/133228037.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In a recent judgement, the Income Tax Appellate Tribunal (ITAT) Ahmedabad gave relief to a non-resident man from an income tax notice for unexplained
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