Day: June 21, 2025
I-T Dept’s data analysis has nudged taxpayers to declare ₹30,298 crore of foreign assets, income – The Hindu
lipped from: https://www.thehindu.com/business/Economy/i-t-depts-data-analysis-has-nudged-taxpayers-to-declare-30298-crore-of-foreign-assets-income/article69717973.ece Ministry of Finance also sought to address some allegations on social media that the black money of Indians stored in Swiss banks had
Financing maternity rights in India – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/financing-maternity-rights-in-india/article69718663.ece The Uma Devi judgment is a landmark one. Now the challenge is to fund maternity leave in the informal sector The recent landmark
US Fed Reserve says labour market balanced, points to immigration slowdown | World News – Business Standard
lipped from: https://www.business-standard.com/world-news/us-fed-reserve-says-labour-market-balanced-points-to-immigration-slowdown-125062100003_1.html The report described the labor market as being in ‘solid shape’, with jobs growing at a ‘moderate’ pace and the unemployment rate low
GST evasion detection hits all-time high of ₹2.23 trillion in FY25 | Economy & Policy News – Business Standard
lipped from: https://www.business-standard.com/economy/news/gst-evasion-detection-hits-all-time-high-of-2-23-trillion-in-fy25-125062001124_1.html FM Nirmala Sitharaman urges faster probe closures and easier registrations In FY25, voluntary payments by taxpayers stood at ₹28,909 crore, according to data
Faster tax refunds ahead: NPCI enables real time PAN and bank account checks – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/npci-pan-validation-api-bank-account-linking-tax-refunds-481257-2025-06-20 The National Payments Corporation of India (NPCI) has launched a new real-time validation facility for PAN and bank account details, aimed at streamlining
Foreign asset declarations jump 45% as I T dept cracks down on unreported income, says Finance Ministry – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/foreign-asset-declarations-jump-45-as-i-t-dept-cracks-down-on-unreported-income-says-finance-ministry-481263-2025-06-20 The government said as many as 24,678 taxpayers reviewed their Income Tax Returns (ITRs) and 5,483 taxpayers filed belated returns for the Assessment
*******Tax relief: First time homebuyers are missing a Rs 50,000 tax break — even banks don’t flag it, says expert – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/section-80ee-tax-deduction-first-time-homebuyers-missed-savings-481266-2025-06-20 Many first-time homebuyers are unknowingly missing out on a valuable tax benefit—an additional ₹50,000 deduction under Section 80EE of the Income Tax Act.
Capital gains tax decoded: What every taxpayer must know before FY26 filing season
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/capital-gains-tax-decoded-what-every-taxpayer-must-know-before-fy26-filing-season-481271-2025-06-21 Non-convertible debentures and real estate holdings follow duration-based rules, with an optional 20% indexed rate for real estate bought before July 23, 2024.
Your queries: Loans – Cannot file ITR after belated return cut-off – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-cannot-file-itr-after-belated-return-cut-off-3887450/ Missed an ITR filing deadline? Learn about your options, from belated returns to updated ITR (ITR-U), and when they apply. For unresolved ITR
Matter of choice – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/matter-of-choice/article69717880.ece Karnataka, Goa are playing havoc with transport system Ride aggregators: In a spot of bother | Photo Credit: MURALI KUMAR K Recently, two
Dual income couple: Split HRA, home loan – Money News | The Financial Express
lipped from: https://www.financialexpress.com/money/dual-income-couple-split-hra-home-loan-3887530/ Dual-income households in India have significant financial advantages, particularly in optimizing tax savings. Smart Tax Saving for Dual-Income Couples in India. (Image Source:
Simplify GST registration, plug tax leakage: FM – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/simplify-gst-registration-plug-tax-leakage-fm-3887627/ Finance Minister Nirmala Sitharaman has urged the Central Board of Indirect Taxes and Customs (CBIC) to simplify GST registration processes and expedite grievance