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
Month: January 2025
*******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
India, world should be prepared for economic churn – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-india-world-should-be-prepared-for-economic-churn/article69123253.ece Fall in line or agree to fall out with me, has been Trumps’ signature tune. He threatens first and then resorts to diplomacy
Inflation bugbear – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/inflation-bugbear/article69120652.ece Imported inflation complicates policy response Diehard optimists would say that retail inflation is trending gently downwards — but the fact is that it
Some exemptions likely in new income tax regime, inflation adjusted income tax slabs possible: Rakesh Nangia – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/some-exemptions-likely-in-new-income-tax-regime-inflation-adjusted-income-tax-slabs-possible-rakesh-nangia/article69136444.ece Rakesh Nangia, Managing Partner at Nangia & Co LLP, elaborates on some of the prospective changes the income tax regime may witness after
Tax reforms vs inflation: Navigating the Indian tax system in the face of inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-reforms-vs-inflation-navigating-the-indian-tax-system-in-the-face-of-inflation/article69135758.ece Currently, there is no mechanism linking tax slabs and the amount of exemptions and deductions with the rate of inflation Over the past
AI essential for business transformation, no longer an option: Publicis CEO | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/ai-essential-for-business-transformation-no-longer-an-option-publicis-ceo-125012500917_1.html Asked about the risks posed by AI, he said, “I don’t think AI is an option anymore and it is going to pervasively
*****Indian banks’ credit cost key monitorable for foreseeable future, Fitch Ratings official says – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/indian-banks-credit-cost-key-monitorable-for-foreseeable-future-fitch-ratings-official-says/article69135783.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/indian-banks-credit-cost-key-monitorable-for-foreseeable-future-fitch-ratings-official-says/article69135783.ece Credit costs play a critical profitability factor for Indian banks, as evidenced during the last major asset quality downturn, and will remain
*IBC cases slow down as banks reconsider recovery approach – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ibc-cases-slow-down-as-banks-reconsider-recovery-approach/article69136006.ece Extended delays erode NPA values, forcing banks to reassess the mechanism The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism,
*Financial institutions need to have another aggregator to protect them from frauds: DFS Secy Nagaraju – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/financial-institutions-need-to-have-another-aggregator-to-protect-them-from-frauds-dfs-secy-nagaraju/article69136275.ece That financial institutions need to remain vigilant, upskill their employees, and put in efforts to maintain customer trust and institutional stability In the
*Insurance coverage. Reimbursement of hospitalisation expenses needs to improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/insurance-coverage-reimbursement-of-hospitalisation-expenses-needs-to-improve/article69137502.ece The disparity between the coverage rates and actual reimbursements highlights the urgent need for comprehensive reforms in the design and implementation of health
*****CBIC notifies rules for entities to get temporary GST identification number | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/cbic-notifies-rules-for-entities-to-get-temporary-gst-identification-number-125012400550_1.html Under Goods and Services Tax (GST) rules, registration is mandatory for businesses with an annual turnover of Rs 40 lakh and Rs 20
☆Will take back Indian illegal immigrants, says MEA amid Trump crackdown | World News – Business Standard
“For Indians not just in the United States, but anywhere in the world, if they are Indian nationals and they are overstaying, or they are
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