lipped from: https://taxguru.in/income-tax/taxation-capital-gains-india-frequently-asked-questions-faqs.html Summary (Approx. 300 Words):A capital asset refers to any property owned by a taxpayer, whether or not related to business or profession, and
Day: November 5, 2025
*****Delhi HC Quashes Reassessment Based on New Grounds Not Mentioned in 148A(b) Notice
Clipped from: https://taxguru.in/income-tax/delhi-hc-quashes-reassessment-based-grounds-mentioned-148ab-notice.html Ernst And Young Emeia Services Limited Vs ACIT (Delhi High Court) The Delhi High Court addressed a petition filed by Ernst And Young Emeia Services Limited
*****NRI Property Sale: Decoding Capital Gains, TDS Obligations under IT Act, and Repatriation Compliance under FEMA
Clipped from: https://www.taxscan.in/top-stories/nri-property-sale-decoding-capital-gains-tds-obligations-under-it-act-and-repatriation-compliance-under-fema-1436452?TRN300=SvkwjnCuCAuPbdYIsAfMSBgwaCjdWDMKUyycAFnhGJgMvUfsIMSkzyDPbMSAsh&LKD333=3134337 NRI sellers must ensure the buyer provides a copy of the TDS certificate in a timely manner, as this document is essential for
*****Tax Audit u/s 44AB Not Applicable When Turnover is Below ₹60 Lakh: ITAT Deletes Addition [Read Order]
Clipped from: https://www.taxscan.in/top-stories/tax-audit-not-applicable-when-turnover-is-below-lakh-itat-deletes-addition-1436438?TRN300=SvkwjnCuCAuPbdYIsAfMSBgwaCjdWDMKUyycAFnhGJgMvUfsIMSkzyDPbMSAsh&LKD333=3134382 The Tribunal held that the requirement for auditing account books under Section 44AB was not applicable for the Assessment Year 2016-17 if the
*****Aadhaar not linked to PAN? You could lose salary credit, SIPs and tax refunds – Details here – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/aadhaar-not-linked-to-pan-you-may-lose-salary-credit-sips-and-tax-refunds-details-here-4033260/ If you haven’t yet linked your PAN with Aadhaar, do it before December 31. If your PAN is found unlinked to Aadhaar by December 31,
*******From refunds to registrations: How GST changes will reshape compliance for MSMEs from Nov 2025 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/from-refunds-to-registrations-how-gst-changes-will-reshape-compliance-for-msmes-from-nov-2025-500674-2025-11-03 The proposed and active changes aim to make GST filings faster, more transparent, and less cumbersome — particularly for small taxpayers and exporters.
*******Wife wins case against tax department after getting Rs 1.85 crore compensation from builder for construction delay; ITAT Mumbai rules in her favour – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wife-wins-case-against-tax-department-after-getting-rs-1-85-crore-compensation-from-builder-for-construction-delay-itat-mumbai-rules-in-her-favour/articleshow/125075258.cms A husband-wife duo entered into a development agreement with a builder from Mumbai, which stated that they would receive a certain number of apartments
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