Month: August 2025
Comprehensive*******Income Tax Audit under Section 44AB – Criteria, Audit Report, Penalty
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
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
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
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