Clipped from: https://www.financialexpress.com/money/how-to-file-your-itr-without-a-ca-step-by-step-guide-for-salaried-individuals-to-file-income-tax-return-3884006/ Want to file your ITR without hiring a Chartered Accountant? If you’re a salaried individual with simple income sources, filing your income tax
Month: June 2025
*******Advance tax without CII: Indexation helps property sellers save LTCG tax, but CII not being notified for FY26, what should they do? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/advance-tax-without-cii-indexation-helps-property-sellers-save-ltcg-tax-but-cii-not-being-notified-for-fy26-what-should-they-do/articleshow/121827705.cms ET OnlineProperty sellers can pay lower capital gains tax due to indexation but have to pay advance tax for Q1 FY 2025-26 using
Banks in need of better security as payment frauds triple in value | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/banks-in-need-of-better-security-as-payment-frauds-triple-in-value-125061700120_1.html According to the central bank’s latest annual report, more than half of frauds took place in digital or card-based transactions, even though they
Breaking up bad assets: Can IBBI’s part-resolution rewire insolvency rules? | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/breaking-up-bad-assets-can-ibbi-s-part-resolution-rewire-insolvency-rules-125061700824_1.html In a May notification, the IBBI allowed resolution professionals to invite resolution plans for not just the company as a whole but also
IBC cases breaching resolution timeline hit 78% in FY25: Ind-Ra report
Clipped from: https://www.business-standard.com/finance/news/ibc-resolution-delays-hit-five-year-high-fy25-ind-ra-125061700784_1.html Ind-Ra notes rising resolution timelines and lowest recovery levels since FY21 under the IBC framework, cautioning this could affect bond market deepening and
India needs to try become indispensable like China: CEA Nageswaran | Economy & Policy News – Business Standard
lipped from: https://www.business-standard.com/economy/news/india-needs-to-try-become-indispensable-like-china-cea-nageswaran-125061701245_1.html Kerala Governor Rajendra Vishwanath Arlekar, who presided over the event, said that ‘Viksit Bharat’ will be a reality by 2047 as asserted by
Techfino raises ₹65 crore to expand MSME lending in smaller cities
Clipped from: https://www.business-standard.com/companies/news/techfino-raises-rs-65-crore-to-expand-msme-lending-in-small-towns-125061701053_1.html Techfino to use fresh funding from Stellaris and Saison Capital to scale secured loans, expand branches, and boost tech-led lending in underserved MSME
Policy space and stance: Inflation outlook will guide MPC’s actions
Clipped from: https://www.business-standard.com/opinion/editorial/policy-space-and-stance-inflation-outlook-will-guide-mpc-s-actions-125061701269_1.html It is important to understand the rationale behind the MPC’s decision to reduce the policy rate by 50 basis points, as against the
Holding creditor power in IBC to account – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/holding-creditor-power-in-ibc-to-account/article69705970.ece Requiring CoC to record reasons would instil discipline without undermining its direction Creditors giving reasons for their decisions will lend more transparency to
Paid taxes abroad as an Indian resident? Here’s how to claim tax credit | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/paid-taxes-abroad-as-an-indian-resident-here-s-how-to-claim-tax-credit-125061700734_1.html Avoid double taxation on your foreign income. Here’s everything you need to know for smoothly claiming your foreign tax credit while filing in
IBC cases breaching resolution timeline hit 78% in FY25: Ind-Ra report
Clipped from: https://www.business-standard.com/finance/news/ibc-resolution-delays-hit-five-year-high-fy25-ind-ra-125061700784_1.html Ind-Ra notes rising resolution timelines and lowest recovery levels since FY21 under the IBC framework, cautioning this could affect bond market deepening and
*******Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick right – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/which-itr-form-you-should-use-to-file-your-income-tax-return-depends-on-your-income-sources-and-taxpayer-category-heres-how-to-pick-right/articleshow/121530539.cms Salaried employees with no more than one source of income can opt for ITR-1 Choosing the right ITR form is the first and most crucial
*******Filing ITR for FY2024-25? Mistakes in HRA claims, capital gains tax calculation are among 7 errors to avoid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/filing-itr-for-fy2024-25-mistakes-in-hra-claims-capital-gains-tax-calculation-are-among-7-errors-to-avoid/articleshow/121531335.cms Remember to incorporate all income-tax related changes introduced during Budget 2024 while filing your returns next time. At the very onset of the tax
*******Got an income tax notice? Here are common types of tax notices and what to do to avoid penalties – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/got-an-income-tax-notice-here-are-common-types-of-tax-notices-and-what-to-do-to-avoid-penalties/articleshow/121538355.cms Dont make the mistake of ignoring a tax notice, since they come with deadlines and missing them can result in penalties. Filing the
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