Month: May 2025
*******Income Tax Return: Get Form 16 from your employer and what to do if Form 16 missing | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/it-s-time-to-get-form-16-from-your-employer-and-what-to-do-if-it-s-missing-125052900982_1.html Form 16 summarises salary paid and tax deducted at source in a financial year; it’s needed to file returns Form 16. Photo: Shutterstock
*******Salaried taxpayers alert: You can’t claim LTA under New Tax Regime; check details – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/salaried-taxpayers-alert-you-cant-claim-lta-under-new-tax-regime-check-details-478086-2025-05-28 The new tax regime from FY 2025-26 offers zero tax on incomes up to Rs 12 lakh, making it an attractive option for
*******Confused About Which ITR Form to File for AY 2025–26? Here’s Your Complete Guide
Clipped from: https://www.taxscan.in/confused-about-which-itr-form-to-file-for-ay-heres-your-complete-guide/522283/ Filing your Income Tax Return (ITR) for the Assessment Year (AY) 2025–26, corresponding to the Financial Year (FY) 2024–25, requires careful selection of
Income Tax Returns: 2024 ITR Still Not Processed Despite 3 Grievances, CA Flags Delay on ‘X’
Clipped from: https://www.taxscan.in/income-tax-returns-itr-still-not-processed-despite-3-grievances-ca-flags-delay-on-x/522243/ Incidents like these serve as a reminder of the need for fast resolution and improved communication, particularly as the government keeps focusing on
*******Filed wrong ITR, missed appeal window? Here’s how one mistake cost a taxpayer Rs 1.5 Lakh – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/filed-wrong-itr-missed-appeal-window-heres-how-one-mistake-cost-a-taxpayer-rs-15-lakh-477937-2025-05-27 Filing your ITR without understanding key provisions can cost you dearly. A salaried taxpayer in Mumbai learned this the hard way after missing
IBC sees better recoveries, lower liquidations in FY25, albeit with longer resolution time – ICRA calls for reforms – Industry News | The Financial Express
Clipped from: https://www.financialexpress.com/business/industry-ibc-outlook-fy25-better-recoveries-fewer-liquidations-but-slower-resolutions-icra-seeks-reforms-3859798/?ref=hometop_hp Per ICRA, the number of resolution plans (RP) approved by the NCLT under the IBC showed a marginal dip to 259 cases from
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