Clipped from: https://www.business-standard.com/finance/news/banking-system-liquidity-hits-three-year-high-125070301183_1.html Banking system liquidity rose to a net surplus of Rs 3.74 trillion, the highest since June 2022. The market is now awaiting action
Month: July 2025
Rising out-of-pocket health expenditure: causes and solutions – The Hindu
lipped from: https://www.thehindu.com/news/national/kerala/rising-out-of-pocket-health-expenditure-causes-and-solutions/article69769006.ece Why out-of-pocket health expenditure (OOPE) remains exceptionally high in Kerala is a subject that demands serious study and the urgent identification of solutions
These taxpayers find it easier to file ITRs Expert gives away tips on smooth filing of tax returns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/these-taxpayers-find-it-easier-to-file-itrs-expert-gives-away-tips-on-smooth-filing-of-tax-returns-482987-2025-07-03 With the ITR filing deadline for AY 2025-26 extended to September 15, taxpayers, especially salaried individuals, are navigating significant changes in forms and
Senior citizen loses Rs 1.15 cr in cyber scam: Here’s how to detect fraud | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/senior-citizen-loses-rs-1-15-cr-in-cyber-scam-here-s-how-to-detect-fraud-125070300394_1.html Fraudsters posing as Income Tax officials dupe Mumbai woman by promising refunds. Know how to detect such false claims A 70-year-old woman in
ITR filing for salaried employees is easier with these sources of income: Here’s how – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-for-salaried-employees-is-easier-with-these-sources-of-income-heres-how/articleshow/122220357.cms The due date for filing ITR has been extended from the usual July 31 to September 15, 2025 for AY 2025-26. The ITR filing season
Is LTCG exemption on equity, equity mutual funds Rs 1 lakh or Rs 1.25 lakh while filing ITR for FY 2024-25 (AY 2025-26)? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/will-ltcg-exemption-on-equity-equity-mutual-funds-be-rs-1-lakh-or-rs-1-25-lakh-while-filing-itr-for-fy-2024-25-ay-2025-26/articleshow/122221713.cms The financial year 2024-25 saw changes in the capital gains taxation rules. The new regulations kicked in on July 23, 2024, right after
ITR deadline nears: Common mistakes that can trigger a tax notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-notice-2025-triggers-mismatch-tds-unreported-income-high-value-transactions-482896-2025-07-03 As the September 15 deadline for filing Income Tax Returns (ITR) approaches, scrutiny levels are at an all-time high. The Income Tax Department
ITR filing for salaried employees is easier with these sources of income: Here’s how – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-for-salaried-employees-is-easier-with-these-sources-of-income-heres-how/articleshow/122220357.cms The due date for filing ITR has been extended from the usual July 31 to September 15, 2025 for AY 2025-26. The ITR filing season
ITR Filing 2025: No refund on new ITR until Income Tax Department completes investigation on your … – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/no-refund-on-itr-ay-2025-26-until-income-tax-department-completes-investigation-on-your-3900399/?ref=hometop_hp Despite over 75 lakh income tax returns being filed and more than 71 lakh verified so far this year, the Income Tax Department
You can know what final income tax scrutiny order contains even before it is issued – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/you-can-know-what-final-income-tax-scrutiny-order-contains-even-before-it-is-issued/articleshow/122179111.cms Tax scrutiny The Income Tax Department recently highlighted a Chartered Accountant’s post on X regarding the working of the current income tax scrutiny process. The Income Tax Department
Cost Inflation Index (CII) for FY 2025-26 (AY 2026-27) notified by Income Tax Department: Know its applicability for LTCG tax calculation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/cost-inflation-index-cii-for-fy-2025-26-ay-2026-27-notified-by-income-tax-department-know-its-applicability-for-ltcg-tax-calculation/articleshow/122199470.cms CII inflation The rules for calculating long-term capital gains (LTCG) have changed, but the Cost Inflation Index (CII) is still required in certain
*******NRI’s Property Investment Explained with Bank Statements and Agreements: ITAT Quashes Addition Due to Jurisdictional Error
Clipped from: https://www.taxscan.in/top-stories/nris-property-investment-explained-with-bank-statements-and-agreements-itat-quashes-addition-due-to-jurisdictional-error-1426663 The Tribunal quashed an addition of ₹69.99 lakh under Section 69 of the Income Tax Act, 1961, ruling that the notice issued by
Managing Section 143(2) Income Tax Scrutiny Notices for AY 2024–25: A Guide for Tax Practitioners with Checklist for Taxpayers
Clipped from: https://www.taxscan.in/top-stories/managing-section-1432-income-tax-scrutiny-notices-for-ay-202425-a-guide-for-tax-practitioners-with-checklist-for-taxpayers-1426630 The Income Tax Department has issued a flurry of Income Tax Scrutiny Notices for the Assessment Year 2024-2025, owing ITR-Form 26AS-AIS Mismatches The
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