Clipped from: https://www.business-standard.com/economy/news/tax-refunds-form-17-6-percent-of-fy25-gross-collections-125071300441_1.html Tax refunds in FY25 accounted for 17.6% of gross collections, a sharp rise from FY14. The average time to process refunds dropped to
Day: July 13, 2025
1*****ITR Filing 2025: Filed the wrong ITR form? You could lose your refund and face… – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-filed-the-wrong-itr-form-you-could-lose-your-refund-and-face-3912526/ Many individuals, unaware of the correct ITR form for their income sources, inadvertently submit ITR-1 despite having capital gains, foreign income, or professional
*’More money, less discipline?’ CoinSwitch co founder warns hidden trap of India’s new tax regime – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/more-money-less-discipline-coinswitch-co-founder-warns-hidden-trap-of-indias-new-tax-regime-484422-2025-07-13 He argues that India’s low digital tax participation is a blind spot, despite advancements making the system smarter. Yet, convenience hasn’t kept pace.
***Bitcoin gains? Here’s exactly how Indian investors must file and pay tax in 2025 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/bitcoin-gains-heres-exactly-how-indian-investors-must-file-and-pay-tax-in-2025-484417-2025-07-13 Additionally, a 1% TDS (Tax Deducted at Source) is levied by crypto exchanges on every sale or trade over ₹10,000 annually (₹50,000 in
*******Reassessment Notices Invalid if Issued Beyond Surviving Period, Even If 14-Day Reply Procedure Followed: Gujarat HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/reassessment-notices-invalid-if-issued-beyond-surviving-period-even-if-14-day-reply-procedure-followed-gujarat-hc-1427582 The Gujarat High Court quashed a reassessment notice as invalid for being issued beyond the limitation period despite following the 14-day reply process
MSME lending a new driver of credit growth? Asset quality a key test
Clipped from: https://www.business-standard.com/opinion/columns/msme-lending-a-new-driver-of-credit-growth-asset-quality-a-key-test-125071001426_1.html Credit growth to small and medium enterprises is outpacing all other sectors, but the test of asset quality lies ahead When a bank
***ITR under investigation: Your tax refund may be withheld if your claim is unusually high – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-under-investigation-no-tax-refund-this-year-if-your-claim-in-return-filing-is-unusually-3912130/ Taxpayers are worried about the delay in getting tax refund in 2025. Expert said – Refunds are getting stuck due to delay in
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