Month: May 2025
*******Learn why RBI’s 180-day rule complicates gifting money to NRI children abroad
Clipped from: https://www.taxscan.in/gifting-money-to-nri-children-why-the-rbis-180-day-rule-is-a-hidden-hurdle/517151/ In today’s globalized world, it is quite common for Indian parents to financially support their children who have settled abroad—whether for educational expenses,
***Addition not sustained as source of funds for purchasing crypto currency explained
Clipped from: https://taxguru.in/income-tax/addition-sustained-source-funds-purchasing-crypto-currency-explained.html Primit Shambhuprasad Purani Vs ITO (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 148 of the Income Tax
MSME delinquencies fall to 5-year low of 1.8%: Cibil-Sidbi report | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/msme-delinquencies-fall-to-five-year-low-of-1-8-percent-in-march-125052201339_1.html Delinquency levels in the MSME sector fall to 1.79% in March 2025 as credit rises 13% YoY to ₹35.2 trillion, with private banks
MSME delinquencies fall to 5-year low of 1.8%: Cibil-Sidbi report | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/msme-delinquencies-fall-to-five-year-low-of-1-8-percent-in-march-125052201339_1.html Delinquency levels in the MSME sector fall to 1.79% in March 2025 as credit rises 13% YoY to ₹35.2 trillion, with private banks
RBI expects interest rates to fall after new co-lending norms take effect | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/rbi-expects-interest-rates-to-fall-under-new-co-lending-framework-125052201655_1.html RBI met fintech industry bodies to discuss new co-lending norms that propose blended interest rates, which may reduce borrowing costs for digital loan
***Income Tax Notices Unanswered as Authorised Representative Hospitalised for Surgery: Madras HC grants Opportunity to File Reply
Clipped from: https://www.taxscan.in/income-tax-notices-unanswered-as-authorised-representative-hospitalised-for-surgery-madras-hc-grants-opportunity-to-file-reply/519032/ The Madras High Court has granted relief to a taxpayer whose authorised representative was hospitalised and unable to respond to income tax notices. The writ
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