Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-clubbing-provision-in-income-tax-act-when-is-it-applicable/articleshow/122908821.cms Many people club the incomes of their family members and close relatives in order to evade tax or minimise their tax liabilities. What
Day: July 28, 2025
Comprehensive*******Wife pays no income tax after selling two houses for Rs 6 crore gifted by her husband, wins case in ITAT Mumbai; here’s how it happened – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wife-pays-no-income-tax-after-selling-2-houses-for-rs-6-crore-gifted-by-her-husband-wins-case-in-itat-mumbai-heres-how-it-happened/articleshow/122905982.cms No income tax for wife who sold two flats for Rs 6 crore (5.98) bought originally by husband for Rs 51 lakh total,
*******Influencers to F&O traders: here’s what ITR utility update means for you | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/influencers-to-f-o-traders-here-s-what-itr-utility-update-means-for-you-125072800863_1.html From influencers to F&O traders, the Income Tax department’s revised ‘Nature of Business’ codes will affect how freelancers and professionals file their returns
*What is a double heart attack and why the second one is often more fatal | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/double-heart-attack-causes-symptoms-risk-prevention-young-patients-125072800545_1.html A rare fatal case involving a 9-year-old has renewed attention on recurrent heart attacks, which are increasingly seen among younger adults with unmanaged
Balancing coverage and affordability in senior citizens’ health insurance
Clipped from: https://www.business-standard.com/finance/personal-finance/health-insurance-strike-balance-between-restrictions-affordability-125072800689_1.html Combining base policy with super-top-up can also help make premiums manageable Nowadays, add-ons like OPD (out-patient department) coverage and annual health checkups have
*******New regime slashes major housing tax breaks: What every property owner must know now – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-regime-slashes-major-housing-tax-breaks-what-every-property-owner-must-know-now-486521-2025-07-28 Taxable income from house property is computed by subtracting municipal taxes, applying a 30% standard deduction, and factoring in loan interest. Joint home
*******New regime or old? The one mistake salaried taxpayers are making before filing returns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-regime-or-old-the-one-mistake-salaried-taxpayers-are-making-before-filing-returns-486528-2025-07-28 For the current filing (FY 2024–25), the old regime—despite being less promoted—can lead to significantly lower tax bills, especially for those with investments,
1*******ITR filing 2025: Are you eligible for Rs 60,000 rebate under Section 87A? Here’s what you need to know – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-are-you-eligible-for-rs-60000-rebate-under-section-87a-heres-what-taxpayers-need-to-know-3928979/ The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or
*******Error in ITR Utility: Penal interest is automatically getting added to taxpayers who don’t have to pay advance tax, check the details – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/error-in-itr-utility-penal-interest-is-automatically-getting-added-to-taxpayers-who-dont-have-to-pay-advance-tax-check-the-details/articleshow/122952229.cms Error in ITR Utility: CA says ITR utility software is calculating wrong Section 234C interest which may lead to tax notices, refund being
*The death of a banker: Navigating unbearable pressure and expectations
lipped from: https://www.business-standard.com/opinion/columns/the-death-of-a-banker-navigating-unbearable-pressure-and-expectations-125072700792_1.html When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to
*SBI Card misses quarterly profit estimates as write-offs surge 32% | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-misses-quarterly-profit-estimates-as-write-offs-surge-32-125072501241_1.html The company said gross write-offs jumped 32 per cent from a year earlier to 12.80 billion rupees The country’s lenders are grappling with
Rodents, rain and riots: Is your car insurance actually covering it? | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rodents-rain-and-riots-is-your-car-insurance-actually-covering-it-125072600815_1.html Vandalism and floods may be covered under standard policies, but repeated rodent damage or heat-related wear may lead to claim rejection. Experts explain
One nation, one KYC: Sebi shows the way, other regulators should follow | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/one-nation-one-kyc-sebi-shows-the-way-other-regulators-should-follow-125072700349_1.html Other regulators should follow Sebi’s lead in explicitly stating that once a client completes KYC with one intermediary, they shouldn’t have to repeat
What to avoid in a will: Unequal shares, coercion, vague language | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/what-to-avoid-in-a-will-unequal-shares-coercion-vague-language-125072401508_1.html All of the above can lead to intra-family disputes; anyone making a will who anticipates acrimony should use of a family settlement to
*SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-to-discontinue-rs-1-cr-air-insurance-on-these-cards-check-list-125072500816_1.html Complimentary benefit ends on August 11; SBI Card customers are advised to check new terms SBI CARD LOGO Listen to This Article SBI
Now file ITR-2 online with pre-filled data: A big relief for salaried taxpayers – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/now-file-itr-2-online-with-pre-filled-data-a-big-relief-for-these-taxpayers-3918475/ If you’ve been waiting to file your income tax return (ITR) under Form ITR-2, here’s some good news. The Income Tax Department has finally activated ITR-2 for
How to file ITR online: Step-by-step guide for e-filing income tax return for AY2025-26 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-file-itr-online-step-by-step-guide-for-e-filing-income-tax-return-for-ay2025-26-3865728/ Though ITR filing can still be done via offline and online mode both, most taxpayers nowadays prefer filing ITR online using the Income
Income Tax Return Filing 2025: Which ITR should you file? Know types of forms
Clipped from: https://www.financialexpress.com/money/income-tax-return-filing-2025-which-itr-should-you-file-know-types-of-forms-3797643/ Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the taxpayer
Filing ITR without any CA help? Avoid making THESE 5 costly mistakes – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/filing-itr-without-any-ca-help-avoid-making-these-5-costly-mistakes-3896169/ Filing your Income Tax Return (ITR) for FY 2024-25? The deadline has been extended to September 15, 2025. Here’s how salaried individuals can
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