Clipped from: https://cleartax.in/s/tax-audit-section-44ab?utm_source=perplexity As per the provisions of the Income Tax Act, 1961 specified persons are required to get their books of accounts audited before filing a tax
Day: August 3, 2025
Consumer protection: Bank held liable for changing policy without consent
Clipped from: https://www.business-standard.com/opinion/columns/consumer-protection-bank-held-liable-for-changing-policy-without-consent-125080300631_1.html The State Commission allowed the complaint and directed the bank and the insurer to be jointly and severally liable for compensating the loss,
Comprehensive1*******Simplicity could cost you ₹2 3 lakh a year’: CA warns of hidden costs in new tax regime – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/simplicity-could-cost-you-rs2-3-lakh-a-year-ca-warns-of-hidden-costs-in-new-tax-regime-487586-2025-08-03 While the new tax regime looks cleaner on paper, Kaushik urges individuals to resist switching blindly. “The old regime rewards those who plan
Comprehensive*******Section 115BAC New Tax Regime 2025: Slabs, Deductions, Exemptions and Benefits
Clipped from: https://cleartax.in/s/section-115bac-features-new-tax-regime-benefits Section 115BAC of the Income Tax Act introduces the new tax regime, which offers reduced slab rates in exchange for forgoing most deductions and
Comprehensive*******Slab rates, deductions, and which tax regime works best for you – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-slab-rates-deductions-and-which-tax-regime-works-best-for-you-3935266/ For individuals with commercial or professional income, the rules are much stricter. You can only switch back to old tax regime once in
NRI Health Insurance – The Hindu BusinessLine
A robust health insurance plan that adequately covers my family back home I recently moved to the US for work, but my spouse and parents
Comprehensive*******ITR filing: Got a big gift or transfer? Here’s how to stay clear of tax trouble – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-got-a-big-gift-or-transfer-heres-how-to-stay-clear-of-tax-trouble-487553-2025-08-02 Gifts are considered income under the Income Tax Act if their value exceeds ₹50,000 in a financial year. Such gifts may be taxed
*******Legal Significance of Document Identification Number (DIN) in GST: A Shield Against Invalid Notices [Find Draft Reply Format Here]
Clipped from: https://www.taxscan.in/top-stories/legal-significance-of-document-identification-number-din-in-gst-a-shield-against-invalid-notices-1426184 Several taxpayers continue to receive communications, including Show Cause Notices (SCNs), without the mandatory DIN The introduction of the Document Identification Number (DIN) by the Central
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