Clipped from: https://www.businesstoday.in/personal-finance/tax/story/salaried-taxpayers-could-have-saved-rs-49094-in-taxes-heres-what-to-avoid-note-during-tax-filing-476088-2025-05-13 Taxpayers tend to make common mistakes, like selecting the wrong tax regime or missing out on corporate NPS benefits. DIY tax filing often
Month: May 2025
*****Tax talk: Pick the right ITR form this year – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-tax-talk-pick-the-right-itr-form-this-year-3839168/ Learn about key changes in ITR forms for AY 2025–26, including exempt capital gains in ITR-1 & ITR-4, updated capital gains reporting in
*****7 ITR Forms notified with changes for AY 2025-26: Here’s how to select the right one for you – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/7-itr-forms-notified-with-changes-for-ay-2025-26-heres-how-to-select-the-right-one-for-you-3842921/ The Central Board of Direct Taxes (CBDT) has released a new set of Income Tax Return (ITR) forms — which will be applicable
PMO: Himanshu Roy’s book traces evolution of prime-ministerial governance
Clipped from: https://www.business-standard.com/book/pmo-himanshu-roy-s-book-traces-evolution-of-prime-ministerial-governance-125051201369_1.html The book has an excellent section on how the offices of the Prime Minister and the Cabinet secretariat have evolved in the United
Won’t take up any official post after retirement from CJI post: Khanna | India News – Business Standard
lipped from: https://www.business-standard.com/india-news/won-t-take-up-any-official-post-after-retirement-from-cji-post-khanna-125051300974_1.html After the conclusion of the ceremonial bench proceedings, the CJI met journalists in the apex court premises and said, I will not accept
SEBI should hasten slowly in reforming legacy regulations – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/sebi-should-hasten-slowly-in-reforming-legacy-regulations/article69567505.ece The changes SEBI plans to undertake are aimed at ensuring that its market development role does not take a backseat to its policing
MSME sector faces ₹30-lakh crore credit gap; alternative finance gathers pace – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/msme-sector-faces-30-lakh-crore-credit-gap-alternative-finance-gathers-pace/article69571731.ece Medium enterprises face the steepest shortfall at 29 per cent, followed by micro and small enterprises Equity finance is also gaining ground, especially
‘ONDC set to grow 10 times by 2026’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ondc-set-to-grow-10-times-by-2026/article69561221.ece Addressing concerns over the platform’s slow growth, Koshy pointed to steady progress — from 1,200 monthly transactions in January 2023 to over 16.5
Big Four rejig IBC verticals with fewer insolvency cases getting filed
lipped from: https://www.business-standard.com/companies/news/big-four-rejig-ibc-verticals-with-fewer-insolvency-cases-getting-filed-125051201426_1.html Between the June and December quarter of FY25, the number of insolvency applications initiated by financial creditors went down from 150 to 84
Assessee Ineligible for Deduction under Section 54B in lieu of land purchases in Wife’s name: ITAT [Read Order]
lipped from: https://www.taxscan.in/assessee-ineligible-for-deduction-under-section-54b-in-lieu-of-land-purchases-in-wifes-name-itat/516321/ The bench after relying on the judgments of the High Courts concluded that the assessee cannot claim any deduction under section 54B for
***UK immigration white paper released: Stricter visa rules for foreign workers on the anvil – Investing Abroad News | The Financial Express
Clipped from: https://www.financialexpress.com/business/investing-abroad-uk-immigration-white-paper-released-stricter-visa-rules-for-foreign-workers-on-the-anvil-3841657/?ref=hometop_hp The immigration system must be linked to skills and training requirements here in the UK, so that no industry is allowed to rely
*******Tax calculation: Here’s a capital gains tax hack on how to use losses smartly to lower your FY26 tax outgo – Tax calculation: Here’s a capital gains tax hack on how to use losses smartly to lower your FY26 tax outgo BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-calculation-heres-a-capital-gains-tax-hack-on-how-to-use-losses-smartly-to-lower-your-fy26-tax-outgo-475774-2025-05-10 The Income-tax Act of 1961 outlines set guidelines for offsetting capital gains and losses. This enables taxpayers to deduct losses from gains effectively,
MSMEs Tier II & III cities report 20% revenue surge after onboarding ONDC: Easy Pay – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/msmes-in-small-towns-report-20-revenue-surge-after-onboarding-ondc-easy-pay/article69566484.ece Easy Pay’s data show that Rajasthan, Gujarat and Maharashtra topped the list of States with the highest number of MSMEs joining the ONDC
*****Fixing India’s trade finance bottleneck – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/fixing-indias-trade-finance-bottleneck/article69564793.ece Rules-based stumbling blocks to trade finance access must be smoothened out Despite advances in e-invoicing, e-way bills, and customs digitisation, there is still no
RBI cannot Casually declare a Person Defaulter without strict proof: Madras HC
Clipped from: https://taxguru.in/rbi/rbi-casually-declare-person-defaulter-strict-proof-madras-hc.html V. Selvaraj Vs Reserve Bank of India (Madras High Court) In a significant ruling, the Madras High Court has set aside the classification
Telangana HC Quashes GST SCN, Citing Violation of Natural Justice & Cryptic SCN
Clipped from: https://taxguru.in/corporate-law/telangana-hc-quashes-gst-scn-citing-violation-natural-justice-cryptic-scn.html King Enterprise Vs Deputy State Tax Officer (Telangana High Court) In a ruling with implications for tax administration, the Telangana High Court has