Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-your-house-property-or-land-these-9-sections-in-income-tax-law-can-help-save-capital-gains-tax/articleshow/123758347.cms Sold your property? These 9 Sections in Income Tax Act can help save capital gains tax You can save a significant amount of
Month: September 2025
*New TDS/TCS statement correction deadline; do it now to avoid tax notice later – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-new-tds/tcs-statement-correction-deadline-do-it-now-to-avoid-tax-notice-later/articleshow/123763040.cms TDS, TCS correction statement deadline announced; Put the correction request now to avoid adverse consequences such as additional tax demands, delayed refunds The Income
*******ITAT allows Income Tax Rebate u/s 87A on STCG under New Regime [Read Order]
Clipped from: https://www.taxscan.in/top-stories/breaking-itat-allows-income-tax-rebate-us-87a-on-stcg-under-new-regime-1430143 The revised computation resulted in a tax liability of ₹13,320 entirely on account of STCG under Section 111A, against which the assessee claimed
*Chartered Accountant’s Error in Form 3CB confirms Addition of IGST Claim of ₹37.92 Lakh: ITAT remands Matter [Read Order]
Clipped from: https://www.taxscan.in/top-stories/chartered-accountants-error-in-form-3cb-confirms-addition-of-igst-claim-of-3792-lakh-itat-remands-matter-1431776 The Tribunal observed on the Form 3CB submitted by the Chartered Accountant, which recorded the disputed IGST figure under the head “Not paid
*******Only Registered Sale Agreements Eligible of Capital Gain Exemption u/s 54: ITAT says Unregistered Agreement Lacks Evidentiary Value
Clipped from: https://www.taxscan.in/top-stories/only-registered-sale-agreements-eligible-of-capital-gain-exemption-us-54-itat-says-unregistered-agreement-lacks-evidentiary-value-1426518 The Tribunal ruled that an unregistered sale agreement for the purchase of property does not constitute a valid transfer for claiming exemption under
*******ITAT Mumbai Sends Back NRI Case Over Non-Service of Section 148 Notice
Clipped from: https://taxguru.in/income-tax/itat-mumbai-sends-nri-case-non-service-section-148-notice.html Juzer Saifuddin Boriyawala Vs ITO (ITAT Mumbai) NRI Never Served Notice – ITAT Mumbai Restores Case on Validity of Reopening; CIT(A) Erred in Treating
*******GST 2.0: Towards simpler and citizen-centric indirect tax regime | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/gst-2-0-towards-simpler-and-citizen-centric-indirect-tax-regime-125090801127_1.html The GST Council’s efforts at rationalisation have steadily lowered the system’s complexity while sustaining revenue buoyancy The 56th meeting of the Goods and
*******Officials explore input tax credit fixes for smooth GST transition | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/officials-explore-input-tax-credit-fixes-for-smooth-gst-transition-125090801362_1.html Suggest allowing unused ITC for SGST payments, Customs duty offsets, or tradable scrips The meeting, chaired by Cabinet Secretary T V Somanathan, was
*******प्राप्तिकर कायदा आणि तोट्याच्या तरतुदी – Article in Loksatta
Clipped from: https://www.loksatta.com/business/personal-finance/income-tax-act-and-loss-provisions-print-eco-news-amy-95-5359651/ भांडवली बाजारातील चढ-उतारांमुळे गुंतवणूकदारांना कधी नफा होतो तर कधी तोट्यालादेखील सामोरे जावे लागते. तसेच जे करदाते उद्योग-व्यवसाय करतात त्यांना नफा किंवा तोटा होतो.
*Are you an F&O trader? A CA reveals the No. 1 mistake that triggers income tax notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/are-you-an-fo-trader-a-ca-reveals-the-no-1-mistake-that-triggers-income-tax-notice-492859-2025-09-06 You can’t set off F&O losses against salary. But you can carry them forward up to 8 years and use them against business
*Property sale? Here’s the ITR mistake that could cost you lakhs in capital gains tax – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/property-sale-heres-the-itr-mistake-that-could-cost-you-lakhs-in-capital-gains-tax-492910-2025-09-07 Section 54 provides relief for gains arising from the sale of a long-term residential house, while Section 54F covers gains from any other
*******ITR deadline alert: 5 mistakes that could cost your refund or trigger a tax notice – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-deadline-alert-5-mistakes-that-could-cost-your-refund-or-trigger-a-tax-notice-492914-2025-09-07 With taxpayers increasingly relying on Form 16, AIS/TIS pre-fill data, and online portals, there’s a growing belief that things can’t go wrong. But
*Waiting for GST free insurance? You could lose big if your renewal is due before Sept 22 – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/waiting-for-gst-free-insurance-you-could-lose-big-if-your-renewal-is-due-before-sept-22-492950-2025-09-08 From September 22, premiums on individual life and health insurance policies will be exempt from GST, reducing the cost burden on policyholders. For
From houses to farmland: 9 ways to save capital gains tax on property sales under Income Tax Act – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/from-houses-to-farmland-9-ways-to-save-capital-gains-tax-on-property-sales-under-income-tax-act-493098-2025-09-08 Most individuals are familiar with Section 54 (sale of residential property and reinvestment in another) and Section 54F (sale of any other capital
aniltikotekar4sme.com 