Day: July 29, 2025
RBI to bring out harmonised eligibility criteria for business authorisation for UCBs – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-to-bring-out-harmonised-eligibility-criteria-for-business-authorisation-for-ucbs/article69866127.ece The RBI has invited comments on the draft directions from public/stakeholders till August 25 Business authorisation relates to expansion of the area of
Comprehensive*******Think inheritance is tax-free? Here’s what NRIs need to watch for in India | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/think-inheritance-is-tax-free-here-s-what-nris-need-to-watch-for-in-india-125072401061_1.html ‘NRIs often stumble over basics like title updates and taxes,’ says expert. Inheritance is tax-free, but rental income and gains can trigger TDS,
*Think gifting to your spouse saves tax? Big mistake. Here’s what the law says – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/think-gifting-to-your-spouse-saves-tax-big-mistake-heres-what-the-law-says-486726-2025-07-29 Under Sections 60 to 64, income transferred to a spouse, minor child, or even a Hindu Undivided Family (HUF) may still be taxed
*******Don’t rush to choose New Tax Regime, here’s how you can save Rs 1 lakh+ under old system – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/dont-rush-to-choose-new-tax-regime-you-can-save-rs-1-lakh-under-old-system-486777-2025-07-29 The new tax regime may be offering lower rates. However, you might be overlooking Rs 1 lakh or more in potential savings by
*Income tax refund in 4 hours: Taxpayers report ‘fastest-ever ITR processing’ – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-refund-in-4-hours-taxpayers-report-fastest-ever-itr-processing-3930005/ Many taxpayers this year are receiving their income tax refunds within just a few hours of filing their ITR online — a dramatic
Comprehensive*******NRI Taxation: Mutual funds capital gain, TDS rules; STCG, LTCG tax rules from equity, debt, international, hybrid MFs and others – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-taxation-mutual-funds-capital-gain-tds-rules-stcg-ltcg-tax-rules-from-equity-debt-international-hybrid-mfs-and-others/articleshow/122972758.cms In FY 2024-25 (AY 2025-26), there were changes in the capital gain tax regime affecting almost all asset classes. The new capital gains
ITR filing AY 2025-26 deadline to be extended again? Expert explains key reasons – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-ay-2025-26-deadline-to-be-extended-again-expert-explains-key-reasons-3929411/ Now only 50 days are left to meet the current deadline of 15 September 2025, but taxpayers do not have the necessary resources
1Comprehensive*******FAQs on AIS (Annual Information Statement) | Income Tax Department
Clipped from: https://www.incometax.gov.in/iec/foportal/ais-faq Q-1 What is Annual Information Statement (AIS)? Annual Information Statement (AIS) is comprehensive view of information for a taxpayer. The objectives of AIS
Comprehensive*******Frequently Asked Questions (FAQs) on ITR-3 – YouTube
Clipped from: https://www.youtube.com/watch?v=7hKK8N_tO0Q&ab_channel=IncomeTaxIndia This video covers the best practices on filing Form ITR 3 along with frequently raised grievances and their resolutions for filing Form ITR
Comprehensive1*******Paying Rs 55,000 rent on time could not save salaried taxpayer from Rs 1 lakh penalty for missing TDS, know why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/paying-rs-55000-rent-on-time-could-not-save-salaried-taxpayer-from-rs-1-lakh-penalty-for-missing-tds-know-why/articleshow/122955038.cms This salaried individual was asked to pay a tax penalty of Rs 1 lakh because he was paying Rs 55,000 as monthly house
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