Clipped from: https://www.taxscan.in/gst-assessment-order-u-s-62-incomplete-without-s-46-notice-allahabad-hc-quashes-orders/513316/ The Allahabad High Court has quashed the GST assessment and appellate orders issued against a company after finding that the assessment order under
Month: May 2025
Allahabad HC Quashes ₹2.11 Crore GST Demand u/s 74 Due to Lack of Personal Hearing
Clipped from: https://www.taxscan.in/allahabad-hc-quashes-%e2%82%b92-11-cr-gst-demand-u-s-74-due-to-lack-of-personal-hearing/513306/ Considering the fact that the original order is contrary to the mandate of Section 75(4) of GST Act and is also violative of
*****ITR filing FY24-25: ITR-3 form notified by the CBDT: Know what this means for taxpayers; Who is eligible? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-3-form-notified-by-the-cbdt-know-what-this-means-for-taxpayers/articleshow/120819242.cms?from=mdr Synopsis ITR Filing Forms FY24-25: The CBDT has released the ITR-3 form for individuals and HUFs with business or professional income for FY
***Growth googly – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/growth-googly/article69531313.ece Uncertainty over Trump policy impact on US growth Consumers as well as businesses are on edge due to policy flip-flops | Photo Credit:
*****Homebuyers should reject possession without OC, seek legal recourse | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/builder-liable-for-giving-possession-without-occupancy-certificate-ncdrc-125050200616_1.html NCDRC finds Hamilton Heights guilty of unfair practice for giving possession without occupancy certificate; legal experts urge buyers to refuse handover in such
How Bhushan Power & Steel entered the ‘dirty dozen’ list of defaulters | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/how-bhushan-power-steel-entered-the-dirty-dozen-list-of-defaulters-125050201429_1.html The insolvency proceedings drew interest from major suitors, including Tata Steel Ltd. and Liberty House of the UK The Bhushan Promoters have had
अग्रलेख : युद्ध ‘खेळून’ पाहिल्यानंतर…
https://www.loksatta.com/sampadkiya/editorial/loksatta-editorial-50-years-of-vietnam-war-zws-70-5064209/ Clipped from: https://www.loksatta.com/sampadkiya/editorial/loksatta-editorial-50-years-of-vietnam-war-zws-70-5064209/ त्या वेळी मुख्य प्रवाहातील माध्यमांनीही अमेरिकेच्या जनतेची दिशाभूल केली; पण पुढे माध्यमांनीच युद्धज्वर चव्हाट्यावर आणला… व्हिएतनाम युद्धात अमेरिकेची मानहानी झाली. व्हिएतनाम मोठे
Trading the unknown unknowns amid tariff shocks and India-Pak faceoff | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/trading-the-unknown-unknowns-amid-tariff-shocks-and-india-pak-faceoff-125050201623_1.html Regardless of the outcomes of the US tariffs and India-Pakistan faceoff, change is coming for global value chains and the subcontinent Illustration: Ajaya
SC’s JSW Steel decision a blow to insolvency process, say experts
Clipped from: https://www.business-standard.com/industry/news/sc-s-jsw-steel-decision-a-blow-to-insolvency-process-say-experts-125050201392_1.html The Supreme Court had invoked Section 142 of the Constitution to nullify the CoC decision JSW Steel was declared the successful resolution applicant
New ITR-3 form notified for income tax return filing for FY 2024-25: Here’s what’s new for taxpayers – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/financial-literacy/taxation/new-itr-3-form-notified-for-income-tax-return-filing-for-fy-2024-25-heres-whats-new-for-taxpayers/articleshow/120821198.cms A significant change includes the increase in the reporting threshold for assets and liabilities under ‘Schedule AL’. (AI image) Income Tax Return Filing
ITR notified by Income Tax department: Taxpayers can now disclose capital gains in ITR-1 | Business News – The Indian Express
Clipped from: https://indianexpress.com/article/business/itr-notified-by-income-tax-department-9974278/ Since the last date for filing TDS returns for the January-March quarter is May 31, the updated information is available only in the
Can ChatGPT’s Shopify deal hurt Google’s search business? – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/technology/can-chatgpts-shopify-deal-hurt-googles-search-business/article69529864.ece OpenAI announced it is experimenting with a shopping feature that will visually display product details and pricing to users based on the context
*****ITR-3 form simplified for AY 2025-26: Taxpayers with business income, capital gains split must note new rules – ITR 3 form simplified for AY 2025 26: Taxpayers with business income, capital gains split must note new rules BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-form-simplified-for-ay-2025-26-taxpayers-with-business-income-capital-gains-split-must-note-new-rules-474550-2025-05-02 A key update in the ITR-3 form is a new schedule for reporting capital gains, allowing taxpayers to separately disclose gains accrued before
*****What all has changed Form ITR-1 (Sahaj), Form ITR-4 (Sugam) for AY2025-26? Expert decodes forms for taxpayers – What all has changed Form ITR 1 (Sahaj), Form ITR 4 (Sugam) for AY2025 26? Expert decodes forms for taxpayers BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/what-all-has-changed-form-itr-1-sahaj-form-itr-4-sugam-for-ay2025-26-expert-decodes-forms-for-taxpayers-474535-2025-05-02 The I-T department has officially released simplified Income Tax Return (ITR) forms 1 and 4 for the assessment year (AY) 2025-26. These forms
As MF investor, are my gains excluded from the Section 87A rebate calculation under New Tax Regime in FY2025–26? – As MF investor, are my gains excluded from the Section 87A rebate calculation under New Tax Regime in FY2025–26? BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/as-mf-investor-are-my-gains-excluded-from-the-section-87a-rebate-calculation-under-new-tax-regime-in-fy2025-26-474519-2025-05-02 Section 87A offers a rebate to resident individuals with total incomes below a specified threshold. This rebate is subtracted from the income tax
*****New I-T return form eases disclosure burden for middle-income professionals – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/new-i-t-return-form-eases-disclosure-burden-formiddle-income-professionals-3830679/ CBDT notifies ITR-3 for AY 2025-26, easing disclosure for middle-income professionals. Key changes include higher asset threshold, split capital gains reporting, simplified deductions,
*****ITR Filing 2025: What taxpayers must know about sections 80C, 80D, 24B and more – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-what-taxpayers-must-know-about-sections-80c-80d-24b-and-more-3830112/?ref=hometop_hp As taxpayers get ready to file their returns, it is crucial to understand the key sections of the Income Tax Act, 1961, that
*****Tax filing schedule: July 31 is the last date to file ITR for FY 2024-25 for non-audit taxpayers – Tax filing schedule: July 31 is the last date to file ITR for FY 2024 25 for non audit taxpayers BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-filing-schedule-july-31-is-the-last-date-to-file-itr-for-fy-2024-25-for-non-audit-taxpayers-474346-2025-05-01 The deadline for filing Income Tax Returns for the financial year 2024-25 in India is set for 31st July 2025, with varying deadlines
Not interested in being 3rd largest bank, want to move up: Axis Bank MD – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/not-interested-in-being-3rd-largest-bank-want-to-move-up-axis-bank-md/article69521588.ece Amitabh Chaudhry, MD & CEO, Axis Bank Axis Bank is “not interested” in being the third-largest private bank and wants to rank up
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