Day: August 2, 2025
Banks’ credit growth to remain low as corporates using other funding sources in low interest rate regime: SBI Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-credit-growth-to-remain-low-as-corporates-using-other-funding-sources-in-low-interest-rate-regime-sbi-report/article69886238.ece Share of incremental bank credit in total resource flow expected to fall from 31.3% in FY25 to just 22% by second quarter of
Rights of persons with disabilities: SC judge highlights need to create sensitisation & awareness | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/rights-of-persons-with-disabilities-sc-judge-highlights-need-to-create-sensitisation-awareness-125080200674_1.html Justice Manmohan said the courts have and will deliver verdicts on issues concerning the rights of persons with disabilities, but the other organs
Comprehensive1*******Lender loses property documents: Apply to sub-registrar for title copies | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/lender-loses-property-documents-apply-to-sub-registrar-for-title-copies-125080101401_1.html Before you can do so, the bank must issue a non-traceable certificate, file an FIR, and publish a public notice in newspapers on
*****Why should only CAs sign tax forms? ICSI’s bold push could change the game – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/why-should-only-cas-sign-tax-forms-icsis-bold-push-could-change-the-game-487523-2025-08-02 The current definition of “Accountant” under Section 288 of the Income Tax Act allows only CAs to represent taxpayers before income tax authorities
*******Onus on taxpayer to identify errors – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-onus-on-taxpayer-to-identify-errors-3934088/ Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies should be corrected
*******Your queries | Income Tax on rental income to be paid by both owners as per share – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-your-queries-income-tax-on-rental-income-to-be-paid-by-both-owners-as-per-share-3934266/ Each co-owner is entitled to compute their share of income independently, claim deductions (such as Section 24 standard deduction or interest on borrowed
*****Onus on taxpayer to identify errors – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-onus-on-taxpayer-to-identify-errors-3934088/?ref=hometop_hp Taxpayers must verify details in AIS, Form 26AS, and Form 16 before filing ITR to avoid errors and notices. Discrepancies should be corrected
Comprehensive*******How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house property, LTCG and other source under new tax regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-1-online-a-step-by-step-guide-for-salaried-taxpayers-also-having-income-from-house-property-ltcg-and-other-source-under-new-tax-regime/articleshow/123057881.cms ET Online(Representative image) How to file ITR-1 online: A step-by-step guide for salaried taxpayers also having income from house property, LTCG and other
*****Misled by tax consultant, employee faces Rs 1.15 lakh penalty — ITAT Pune steps in to reverse it – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/misled-by-tax-consultant-employee-faces-rs-115-lakh-penalty-itat-pune-steps-in-to-reverse-it-487534-2025-08-02 A salaried employee was hit with a Rs 1.15 lakh penalty after his tax consultant filed inflated deductions without his knowledge. The ITAT
Supreme Court Questions Flaw in Registered Sale Deeds Executed via Power of Attorney, Refers Matter to Larger Bench [Read Judgement]
Clipped from: https://www.taxscan.in/top-stories/supreme-court-questions-flaw-in-registered-sale-deeds-executed-via-power-of-attorney-refers-matter-to-larger-bench-1428946 The Supreme Court has questioned the long-standing interpretation that allows agents under power of attorney to register sale deeds as executants The Supreme
Comprehensive*******Online ITR filing charges across six tax filing websites compared for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr-filing-charges-across-6-tax-filing-websites-compared-for-ay-2025-26/articleshow/123043619.cms ITR filing AY 2025-26: Comparative ITR filing charges across 6 tax filing platforms Individuals who are not liable for income tax audit have to file income
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