Day: January 26, 2025
Four days, countless headlines: How Donald Trump changed the game again | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/four-days-countless-headlines-how-donald-trump-changed-the-game-again-125012500414_1.html In four days, Donald Trump signed major orders, changed key US policies, and announced decisions that caught attention at home and around the
RBI asks banks to use tool that identifies phone numbers to curb fraud | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-asks-banks-to-uses-tool-that-identifies-phone-numbers-to-curb-fraud-125012400390_1.html Regulator asks financial institutions to use special number series for promotional voice calls fraud The Reserve Bank of India (RBI) has issued new guidelines for
A Budget beyond popcorn: Focus on capex and consumer-driven growth
Clipped from: https://www.business-standard.com/opinion/columns/a-budget-beyond-popcorn-focus-on-capex-and-consumer-driven-growth-125012600502_1.html The government needs to spend more on capex and allow consumers to have money in their pockets if it wants growth. Let’s focus
*******GST Notices Sent to Wrong Address Not Considered Properly Served, Even If Not Undelivered
Clipped from: https://taxguru.in/goods-and-service-tax/gst-notices-wrong-address-considered-properly-served-undelivered.html Champions Steel Industries Private Limited Vs Union of India (Bombay High Court) The case Champions Steel Industries Pvt. Ltd. vs. Union of India involved the
Inflation matrix: On the numbers and trends – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/inflation-matrix-on-the-numbers-and-trends/article69108854.ece December’s price rise numbers do not ring in enough relief In the final inflation print before the Union Budget for 2025-26 is presented,
Capex quandary: On the economic data, policy – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/capex-quandary-on-the-economic-data-policy/article69120257.ece Private investments remain tentative amid growth concerns Since the COVID-19 pandemic, the Centre has been using public capital expenditure on infrastructure to pump
Race for AI domination – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/race-for-ai-domination/3723221/ Stargate is part of US-China tech battle, but India should also look at foundational AI development. India’s reliance on US technology is evident,
Time for India to break out of AI slumber – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/nbsptime-for-india-to-break-out-of-ai-slumber/3724406/ The US-led restrictions on AI technology access should serve India a wake-up call to prioritise the technology as a national security imperative. The
*******Tax disputes: India’s struggle with amnesty schemes – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tax-disputes-indias-struggle-with-amnesty-schemes/3725411/ As amnesties have limited utility, simplified rules and an efficient resolution mechanism will help. The backlog of appeals at various layers of tax
*******Income Tax Rules 2025: 5 major changes in the last 6 months every taxpayer should know! – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-rules-5-major-changes-in-the-last-6-months-every-taxpayer-should-know-3724749/ With Budget 2025 just around the corner, taxpayers eagerly anticipate what’s in store for their financial planning. The previous budget presented in July
*******Triplex flat constitutes a single residential unit for Section 54 Exemption: ITAT Mumbai
Clipped from: https://taxguru.in/income-tax/triplex-flat-constitutes-single-residential-unit-section-54-exemption-itat-mumbai.html Bhaskar Prataprai Shah Vs DCIT (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai addressed the appeal of Bhaskar Prataprai Shah regarding the rejection
*******Harvest tax-free capital gains – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/harvest-tax-free-capital-gains-3718334/ Investors with a large portfolio of stock and equity mutual funds will have higher incremental gains. They must harvest the gains to ensure
*******Section 54F Exemption denied for delay in Construction Beyond Statutory Timeline
Clipped from: https://taxguru.in/income-tax/section-54f-exemption-denied-delay-construction-statutory-timeline.html Smt. Lekha Reddy Mettu Vs ACIT (ITAT Hyderabad) In the case of Smt. Lekha Reddy Mettu vs. ACIT (ITAT Hyderabad), the Tribunal addressed appeals
*******No way to declare exempt gift in ITR – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/no-way-to-declare-exempt-gift-in-itr-3719690/ Under the Income Tax Act, gifts received from specified relatives—such as parents, siblings, or spouses—are fully exempt from tax, irrespective of their value.
*******Section 54F Exemption allowed on Land Purchased Beyond 2 Years for Residential House Construction
Clipped from: https://taxguru.in/income-tax/section-54f-exemption-allowed-land-purchased-2-years-residential-house-construction.html Viral Rajendra Patel Vs PCIT (ITAT Ahmedabad) Section 54F Exemption allowed even if land is purchased (for construction of a new residential house)
*******No tax liability on receiving money from NRI relative; your queries answered – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/no-tax-liability-on-receiving-money-from-nri-relative-your-queries-answered-3725364/ Gift remittances are allowed under FEMA, and there are no specific restrictions on transferring money from an NRI’s foreign bank account to an
IT majors should prepare for AI, focus less on margins – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/it-majors-should-prepare-for-ai-focus-less-on-margins/article69127525.ece Long-term growth amid AI disruption may require companies to compromise on margins and free cash flows, to ratchet up investments in intellectual property
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