Benefits Old Tax Regime New Tax Regime Value of free food voucher INR 200 per meal INR 200 per meal A specific carve-out allowed tax exemption
*Reassessment notice invalid for short response time, limitation breach, and unsustainable addition on joint property ownership.
Section 148A(b) requires at least seven days to respond; a notice granting only five days was held contrary to statute, and the assessee’s later extension
*Demonetization Cash Deposits – Source cannot be considered as unexplained u/s 69 even when deposit is in Violation of RBI guidelines [Sec 69 of ITA’61 – Sec 103 of ITA’25]
Summary: Cash deposits of demonetized notes are not unexplained investment merely because they were accepted or deposited in violation of RBI guidelines. For invoking section 69,
Labour laws: Exiting outdated ILO conventions won’t make India anti-worker
lipped from: https://www.business-standard.com/opinion/columns/labour-laws-exiting-outdated-ilo-conventions-won-t-make-india-anti-worker-126050401772_1.html India is a founding member of the ILO and has been a permanent member of its Governing Body since 1922. Over time, we
*RBI explores steps to mobilise dollar inflows amid rising pressure on rupee | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-explores-steps-to-mobilise-dollar-inflows-amid-rising-pressure-on-rupee-126050400687_1.html The war between the US, Israel and Iran – now in its third month – has weakened the Indian currency, adding to a
Spouse income can’t be accessed via RTI, Delhi HC stresses privacy law | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/spouse-income-can-t-be-accessed-via-rti-delhi-hc-stresses-privacy-law-126050400709_1.html Court says RTI cannot be used to access spouse income, points to legal route for maintenance disputes and disclosures A spouse cannot use
IBA taps tech providers to frame AI-risk checklist for banks – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/iba-taps-tech-providers-to-frame-ai-risk-checklist-for-banks/4223761/ The Indian Banks’ Association (IBA) is developing a structured checklist to help banks mitigate risks from autonomous and adversarial AI systems. The Indian Bank‘s
Protect your e-documents from online frauds with digital signature – Technology News | The Financial Express
Clipped from: https://www.financialexpress.com/life/technology/protect-your-e-documents-from-online-frauds-with-digital-signature/4224738/ Valid for ITRs, e-tenders, rental agreements & job contracts Lock Your Documents: How Digital Signatures Prevent Online Fraud As cases of online fraud
How new online gaming rules will change your income tax and legal exposure depending on the kind of game you play – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-new-online-gaming-rules-will-change-your-income-tax-and-legal-exposure-depending-on-the-kind-of-game-you-play/articleshow/130708954.cms Listen to this article in summarized format If you have ever opened a gaming app for “just a quick game” and ended up
*****US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reason – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/us-based-son-gets-tax-notice-in-india-over-rs-11-lakh-cash-deposit-made-on-behalf-of-parents-during-demonetisation-itat-delhi-cancels-notice-for-this-reason/articleshow/130755461.cms When Mr Bussi deposited about Rs 11 lakh cash into his parents’ ICICI Bank account in Delhi during demonetisation, he had no idea that he
Wife Cannot Seek Husband’s ITR Details for Maintenance Claim: Delhi HC
Clipped from: https://taxguru.in/goods-and-service-tax/wife-seek-husbands-itr-details-maintenance-claim-delhi-hc.html?utm_source=follow.it Wife Cannot Seek Disclosure Of Her Husband’s Income Tax Returns For Maintenance Claim As It Is Personal Information: Delhi HC It is absolutely
RBI has spoken, finally – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/rbi-has-spoken-finally/4228450/ The regulator must now enforce its mandate on Tata Sons listing as clarity now demands action Why the RBI’s Quiet Signal Leaves Tata
*As Claude Mythos raises stakes, banks shift to continuous security model – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/as-claude-mythos-raises-stakes-banks-shift-to-continuous-security-model/4226285/ As advanced AI models like Claude Mythos accelerate software vulnerability discovery, Indian banks are overhauling their cybersecurity architecture. Defending Against ‘Claude Mythos’: Indian
Banks may sell written-off loans to fund new ECL norms – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-eye-technical-write-off-accounts-to-boost-ecl-provisions/article70935378.ece Sale to ARCs seen unlocking capital for expected credit loss shift As at March-end 2025, while scheduled commercial banks’ pool of gross non-performing
Public sector banks to scale up IT spend amid Anthropic Mythos cyber threat | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/public-sector-banks-to-scale-up-it-spend-amid-anthropic-mythos-cyber-threat-126050300187_1.html Mythos’ advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns Mythos has
Remittances won’t slow much, BoP comfortable: Poonam Gupta – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/remittances-wont-slow-much-bop-comfortable-poonam-gupta/4224638/ RBI Deputy Governor Poonam Gupta highlights India’s resilient Balance of Payments, supported by a record $135B in remittances and surging FDI, despite geopolitical
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