Clipped from: https://www.thehindubusinessline.com/opinion/is-gst-appellate-tribunal-a-panacea-for-disputes/article69787476.ece It would be naive to assume that the commencement of operations of the GST Appellate Tribunal would be a silver bullet. The entire
Day: July 8, 2025
*****NRI income tax 2025: Exemption limits, forms: Income Tax rule changes for NRIs this year | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/exemption-limits-forms-income-tax-rule-changes-for-nris-this-year-125070801070_1.html They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts Non-resident Indians (NRIs)
TaxAssist: Tax dept’s AI tool ‘not meant’ for resolving political donation disputes | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/tax-dept-s-ai-tool-not-meant-for-resolving-political-donation-disputes-125070801078_1.html TaxAssist should be used in ‘simple cases’ and professional advice in complex taxation matters is irreplaceable The Income-Tax Department’s new AI-powered tool will help individual
*****ITR filing 2025: Tax shock ahead? NRIs warned of pitfalls amid changes in rules for FY25 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-2025-tax-shock-ahead-nris-warned-of-pitfalls-amid-changes-in-rules-for-fy25-483610-2025-07-08 Income Tax Department has released new ITR forms for FY 2024-25, but delays in key utilities like ITR-2 are causing concern among NRIs.
*****Tax trap or smart move? Splitting PG rental income between parents explained – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-trap-or-smart-move-splitting-pg-rental-income-between-parents-explained-483730-2025-07-08 Running a small PG, a family considers splitting rental income between parents to save tax. However, experts warn that mere income diversion without
ITR filing: Why are ITR-2 and ITR-3 forms still not available on Income Tax e-filing portal? Top reasons explained – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/financial-literacy/taxation/itr-filing-why-are-itr-2-and-itr-3-forms-still-not-available-on-income-tax-e-filing-portal-top-reasons-explained/articleshow/122224111.cms ITR filing FY 2024-25: It’s the month of July and every year this time, taxpayers are usually scrambling to get together documents to
NRIs filing ITR in India should know these four income tax-related changes – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nris-filing-itr-in-india-should-know-these-four-income-tax-related-changes/articleshow/122313359.cms The Income Tax Department has notified the income tax return (ITR) forms for FY 2024-25 (AY 2025-26). But, although software utilities for ITR-1
Income Tax Dept makes Aadhaar OTP verification mandatory for updating THESE details on e-filing portal – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-dept-makes-aadhaar-otp-verification-mandatory-for-updating-these-details-on-e-filing-portal-3905802/ This move is seen as an attempt to prevent unauthorised changes to one’s profile with the Income Tax Department. This will also ensure
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