Clipped from: https://www.business-standard.com/finance/personal-finance/tcs-layoffs-how-to-keep-your-health-insurance-without-losing-benefits-125073100133_1.html IRDAI mandates that insurers must offer migration from a group indemnity health policy (excluding travel & personal accident) to an individual policy. As
Month: July 2025
Mismatch in returns? Why checking your AIS before filing ITR is must now – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/mismatch-in-returns-why-checking-your-ais-before-filing-itr-is-must-now-487298-2025-07-31 Before filing your ITR this year, reviewing your AIS (Annual Information Statement) is crucial to avoid mismatches and tax notices. AIS captures your
*Planning to give ITR filing a miss? You must know the consequences – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/planning-to-give-itr-filing-a-miss-you-must-know-the-consequences/articleshow/122998645.cms The Central Board of Direct Taxes (CBDT) extended the due date for filing income tax return for FY 2024-25 (AY 2025-26) to September
Comprehensive*******Step-by-step guide on how to file ITR-1 using excel utility with non-taxable LTCG income, salary, others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/step-by-step-guide-on-how-to-file-itr-1-with-non-taxable-ltcg-income-salary-others-using-the-excel-utility/articleshow/123011368.cms Step-by-step guide on how to file ITR with non-taxable LTCG income, salary, others using online e-filing ITR excel utility The Income Tax Return ITR-1 form
*******Invalid ITRs: Refunds restored, compliance fixed, burden eased for taxpayers; check details – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/invalid-itrs-refunds-restored-compliance-fixed-burden-eased-for-taxpayers-check-details-487097-2025-07-30 Previously, the deadline for processing such returns — most recently set as December 31, 2024, for Assessment Year 2023–24 — had expired. In
*ITR filing: How a taxpayer beat a Rs 1.46 lakh penalty despite false deductions – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-how-a-taxpayer-beat-a-rs-146-lakh-penalty-despite-false-deductions-487020-2025-07-30 A salaried employee who under-reported half his income due to misreporting by his CA, walked free from a Rs 1.4 lakh tax penalty
ITR 3 online filing – ITR 2025: Online filing of ITR 3 now enabled; check details on key updates on forms, utility – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-2025-online-filing-of-itr-3-now-enabled-check-details-on-key-updates-on-forms-utility-487010-2025-07-30 The ITR-3 form is intended for individuals and Hindu Undivided Families (HUFs) who are involved in a business or profession and are required
*******Limit of 60 Assignments per CA/Partner: ICAI Officially Notifies New Tax Audit Cap from AY 2026-27 [Read Notification]
Clipped from: https://www.taxscan.in/top-stories/limit-of-60-assignments-per-capartner-icai-officially-notifies-new-tax-audit-cap-from-ay-2026-27-1429018 These revised limits will supersede all previous guidelines on the subject and replace Chapter VI of the 2008 Council General Guidelines, which will
Comprehensive1*******Notice u/s 148 Issued After Expiration of 3 Years Without Permission From Pr. Chief Commissioner: ITAT Rules proceedings Invalid for Statutory Violation [Read Order]
Clipped from: https://www.taxscan.in/top-stories/notice-us-148-issued-after-expiration-of-years-without-permission-from-pr-chief-commissioner-itat-rules-proceedings-invalid-for-statutory-violation-1428986 The Tribunal quashed reassessment proceedings under Section 148 of the Income Tax Act, 1961, ruling them invalid due to the Assessing Officer’s failure
Have money abroad? IT dept’s new guide spells out what & how to report | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/have-money-abroad-it-dept-s-new-guide-spells-out-what-how-to-report-125073000959_1.html CBDT’s latest guide explains how resident Indians must disclose foreign income and assets in ITR this year, missed details can lead to penalties
*******Man, 75, gets I-T notice for a 10-year-old return: here’s what law says | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/man-75-gets-i-t-notice-for-a-10-year-old-return-here-s-what-law-says-125073001089_1.html Even time-barred income tax demands can resurface under specific provisions. Experts explain how to deal with them, especially for elderly taxpayers. A Reddit
*******ITR-3 online filing with pre-filled data finally enabled by income tax dept – Know who can use this form – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-3-online-filing-with-pre-filled-data-finally-enabled-by-income-tax-dept-know-who-are-eligible-3931388/ Finally, after 121 days into the new financial year, the Income Tax Department has enabled online filing with pre-filled data for taxpayers using the form
Comprehensive*******ITR alert: If you meet any of these 8 conditions, tax return filing is a must – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-alert-if-you-meet-any-of-these-8-conditions-tax-return-filing-is-a-must/articleshow/122992562.cms According to income tax laws, you have to file an income tax return if your gross taxable income goes over the basic exemption
Comprehensive*******Updated return filing via ITR-1 & ITR-2 now live on Income Tax portal for AY22 & AY23: What taxpayers should know – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-department-enables-updated-return-filing-for-these-two-years-check-details/articleshow/122991687.cms The Income Tax Department has now enabled utilities for filing updated income tax returns (ITR-U) in ITR-1 and ITR-2 for the assessment years (AY) 2021-22
*******ITR-3 enabled for e-filing: Income taxpayers with share trading, unlisted shares investment, professional, business, other incomes can now file ITR-3 online for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr-3-filing-enabled-income-taxpayers-with-share-trading-unlisted-shares-investment-professional-business-other-incomes-can-now-file-itr-3-online-on-incometax-gov-in/iec/foportal/articleshow/122986882.cms Kind Attention Taxpayers!Income Tax Return Form of ITR-3 is now enabled for filing through online mode. Visit: https://incometax.gov.in/iec/foportal/ The Income Tax Department has enabled online
Trade deals: It’s advantage America – Editorial in The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/trade-deals-its-advantage-america/article69868940.ece A three-fold rise in US tariffs seems to be the ultimate aim US President Donald Trump with European Commission President Ursula von der
Star Health Insurance Q1 net dips 17% at ₹262 crore – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/star-health-insurance-q1-net-dips-17-at-262-crore/article69870557.ece Star Health Insurance recorded a gross written premium (GWP) of ₹3,936 crore, a 13 per cent year-on-year growth Anand Roy, MD and CEO,
Four PSBs seek 1-year extension to comply with shareholding norms
Clipped from: https://www.business-standard.com/economy/news/four-psbs-seek-deadline-extension-to-meet-minimum-public-shareholding-norms-125072901236_1.html As per SEBI norms, listed entities must reduce promoter shareholding to 75 per cent Emails sent to the five PSBs and the finance
Kolte-Patil Developers suffers Rs 17 crore loss in Q1 FY26, sales dip | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/kolte-patil-developers-incurs-loss-of-rs-17-crore-in-q1-fy26-125072901176_1.html Kolte-Patil Developers reports a Rs 16.99 crore loss in Q1 FY26, with a 75% YoY revenue decline; Blackstone’s entry into the company marks
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