Month: September 2025
ITR filing woes: I T dept issues fresh reminder to file returns; CAs, experts raise multiple concerns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-woes-i-t-dept-issues-fresh-reminder-to-file-returns-cas-experts-raise-multiple-concerns-493413-2025-09-10 Earlier, to provide taxpayers more time to meet compliance requirements, the government had extended the original deadline from July 31, 2025, to September
Net interest? Skipped rent? These 10 AIS mistakes could trigger I T scrutiny this year – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/net-interest-skipped-rent-these-10-ais-mistakes-could-trigger-i-t-scrutiny-this-year-493462-2025-09-11 Inaccurate reporting of stock or mutual fund sales is another red flag. Taxpayers often miss gains/losses tied to small trades or corporate actions.
Extend ITR Deadline to October 15 demands ATBA due to tech issues and glitches with ITR portal like errors in validation, slow uploads – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/extend-itr-deadline-to-october-15-demands-atba-due-to-tech-issues-and-glitches-with-itr-portal-like-errors-in-validation-slow-uploads/articleshow/123809734.cms ET OnlineITR Deadline Extension: ICAI, KSCAA, ATBA report tech issues, ITR portal errors, mismatch in figures in AIS (Representative image) The Karnataka State
*******Capital Gains Taxation under JDAs: Section 45(5A) vs Section 67(14)–(16)
Clipped from: https://taxguru.in/chartered-accountant/capital-gains-taxation-jdas-section-455a-vs-section-6714-16.html Capital Gains in Joint Development Agreements – A Comparative Analysis of Section 45(5A) (Income Tax Act 1961) and Section 67(14)–(16) (Income Tax Act,
Zero GST on health insurance – A healthy move – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/zero-gst-on-health-insurance-a-healthy-move/article70030528.ece Insurers must ensure that the benefit of this move is transmitted fully to the people Health insurers should view the issue of ‘affordability’
India’s GST reforms may offset tariff hit on GDP growth: CEA – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/economy/indias-tax-reforms-to-partially-offset-tariff-hit-on-gdp-growth-economic-adviser-says/article70033144.ece The net impact of higher tariffs and lower domestic taxes will be a drop of 0.2%-0.3% points on GDP growth estimates for the
The Centre will conduct Digital Life Certificate Campaign 4.0 from November 1–30, covering all districts and sub-divisional headquarters |
Clipped from: https://www.thehindubusinessline.com/news/centre-to-conduct-digital-life-certificate-campaign-in-november-targeting-2-crore-pensioners/article70034036.ece Banks and IPPB will organize camps, provide doorstep services for senior and differently-abled pensioners, and run awareness campaigns using SMS, WhatsApp, social media,
Google launches AI Plus plan with Gemini 2.5 Pro, Veo 3 Fast, 200GB storage | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/google-launches-ai-plus-plan-with-gemini-2-5-pro-veo-3-fast-200gb-storage-125091000679_1.html Aimed at emerging markets such as Indonesia, AI Plus provides more AI features and storage than the free plan, positioned below AI Pro
India takes cautious approach on cryptocurrencies, RBI cites concerns | Cryptocurrency – Business Standard
Clipped from: https://www.business-standard.com/markets/cryptocurrency/india-cryptocurrency-law-regulations-risks-rbi-stablecoins-crypto-banned-125091000876_1.html According to a document reviewed by Reuters, the RBI reportedly believes that managing risks linked to cryptocurrencies through regulation would be difficult in
ITR-5, 6, 7 get Excel utilities to cut errors as Sept 15 deadline nears | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/itr-5-6-7-get-excel-utilities-to-cut-errors-as-sept-15-deadline-nears-125091000933_1.html With the September 15 deadline nearing, experts say Excel tools cut errors, simplify compliance, and help businesses, companies and trusts avoid costly tax
GST 2.0: Towards simpler and citizen-centric indirect tax regime
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 Listen to This Article The 56th meeting
Moderate impact of GST cuts on fiscal deficit; inflation may lower 50-90bps
Clipped from: https://www.business-standard.com/economy/news/moderate-impact-of-gst-rate-cuts-on-fiscal-deficit-inflation-likely-125090501254_1.html Besides, a cut in the tax rate on nearly one-fourth of the essential and household items contained in inflation basket may lead to
GST reforms expected to lower inflation, create room for rate cut | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/gst-reforms-expected-to-lower-inflation-create-room-for-rate-cut-125090501378_1.html A rate cut will also depend on how the central bank assesses growth, post the 50 per cent tariff imposed by the US,
Rebuilding trust: Banks no longer ‘deaf’ to unclaimed depositors’ voice | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/rebuilding-trust-banks-no-longer-deaf-to-unclaimed-depositors-voice-125090700436_1.html Initiative should not only be seen as a financial project but a way to build citizens’ trust in the banking system While banks
*******Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can do – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/facing-data-mismatch-in-form-26as-ais-and-form-16-while-filing-itr-heres-what-you-can-do/articleshow/123785983.cms Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can do Several chartered accountants and associations have
*ITR filing deadline nears: System glitches leave taxpayers racing against time, calls for extension grow – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-itr-filing-deadline-nears-system-glitches-leave-taxpayers-racing-against-time-calls-for-extension-grow-3972123/ ITR filing 2025: As of September 7, only 4.89 crore ITRs had been filed out of 13.35 crore registered individual users. I TR