Clipped from: https://www.financialexpress.com/money/income-tax-your-income-tax-queries-answered-file-revised-returns-if-ais-is-showing-additional-income-4082988/ By filing a revised return, you can ensure that your income records are accurate and fully compliant with the Income Tax Department’s requirements.
Month: December 2025
Your job appointment letter and salary slip will change soon — here’s what new labour laws bring – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-job-appointment-letter-and-salary-slip-will-change-soon-heres-what-new-labour-laws-bring-4083201/ Once states notify the rules under the four new Labour Codes, employees are likely to see major changes starting from their appointment letters
States get flexibility to raise overtime hours under labour codes: Vandana Gurnani – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/news/states-get-flexibility-to-raise-overtime-hours-under-labour-codes-vandana-gurnani/article70415720.ece Overtime can be availed only with the consent of employees and must be compensated at twice the normal wage rate, Labour and Employment
What people got wrong in filing tax returns; how they can do better in 2026 | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/what-people-got-wrong-in-filing-tax-returns-how-they-can-do-better-in-2026-125121900521_1.html Tax experts say that omissions, data mismatches, and common assumptions were the primary causes of defective returns, penalties, and delayed refunds this year,
Growing trade imbalances demand course correction – Opinion News | The Financial Express–
Clipped from: https://www.financialexpress.com/opinion/growing-trade-imbalances-demand-course-correction/4082890/ President Macron flags rising global trade imbalances during his December 2025 China visit. Learn how China’s $1 trillion surplus and the US deficit
‘New labour codes a game changer’: Vandana Gurnani – Business News | The Financial Express
Clipped from: https://www.financialexpress.com/business/news/new-labour-codes-a-game-changer-vandana-gurnani/4082758/ Labour Secretary Vandana Gurnani calls the four new labor codes a “game-changer” for India. The reforms consolidate 29 laws, targeting 10 million logistics
MPC backs 25 bps rate cut amid emerging growth risks – Economy News | The Financial Express
Clipped from: https://www.financialexpress.com/policy/economy/mpc-backs-25-bps-rate-cut-amid-emerging-growth-risks/4082772/ RBI MPC minutes show a unanimous 25-bps rate cut to 5.25% as Governor Sanjay Malhotra and members warn of peak growth and record-low
RBI board approves risk-based deposit insurance framework – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/rbi-board-approves-risk-based-deposit-insurance-framework/4082825/ RBI 620th Board Meeting: Risk-based deposit insurance framework approved. Financially sound banks to benefit from lower premiums starting FY 2026-27. RBI Board Approves
Govt to release compliance handbook for new labour Codes: Labour secy | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/centre-to-release-compliance-handbook-for-new-labour-codes-labour-secy-125121900974_1.html Gurnani said that both the Centre and state governmnts will help the labour inspectors understand their new role of inspector-cum-facilitator and provide them
Well left – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/well-left/4081660/ Sebi has justifiably refrained from taking some hard calls and has given a push to ease of investing Halves Brokerage Caps and Streamlines
Advance taxes grow 4.3% in Q3, non-corporate sector sluggish – Business News | The Financial Express
Clipped from: https://www.financialexpress.com/business/news/advance-taxes-grow-4-3-in-q3-non-corporate-sector-sluggish/4082681/ India’s Q3 advance tax collections rise marginally by 4.27%, facing a potential ₹1.5 lakh crore revenue shortfall in FY26 due to personal income
Man cuts taxable income by Rs 25 lakh by setting off losses from shares and mutual funds against current LTCG: ITAT Delhi clarifies rules – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/man-cuts-taxable-income-by-rs-25-lakh-by-setting-off-losses-from-shares-and-mutual-funds-against-current-ltcg-itat-delhi-clarifies-rules/articleshow/126059844.cms Listen to this article in summarized format On November 18, 2025, ITAT Delhi allowed the set-off of carried forward long term capital loss
Intimidating tone by I-T dept, Karnataka CA body flags income tax intimations about AIS mismatch, property deal, foreign asset – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/intimidating-tone-by-i-t-dept-karnataka-ca-body-flags-income-tax-intimations-about-ais-mismatch-property-deal-foreign-asset/articleshow/126074449.cms Listen to this article in summarized format The Income Tax Department has sent intimations to many taxpayers in the past few days, nudging them about any
Income tax dept releases FAQs on tax deduction on donation under Section 80G – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-dept-releases-faqs-on-tax-deduction-on-donation-under-section-section-80g/articleshow/126076074.cms Listen to this article in summarized format Taxpayers who donate to charitable organisations can claim tax deduction under Section 80G of the Income Tax
Jurisdiction Issue– Income Tax Rules–Courtesy TMI
5. 170/2025 – Dated: 15-12-2025 – ITJurisdiction of Income tax Authorities Summary: Notification No. 170/2025, issued under section 120(1) and (2) of the Income-tax Act, 1961,
Co-Operative Societies liable to deduct TDS on Interest Payments: Kerala HC [Read Order]
lipped from: https://www.taxscan.in/top-stories/co-operative-societies-liable-to-deduct-tds-on-interest-payments-kerala-hc-1436169?TRN300=CvbWznSUcADqkeKDfkCMsKGgAsZDwdMkVkUfBSPXwjHMedFSyMSBziulBMCAsx&LKD333=3247155 Co-Operative Societies Functioning as Banks Must Deduct TDS: Kerala High Court In a significant ruling, the Kerala High Court has held that Co-operative
Indexation Benefit on LTCG Available Only from Date of Builder Buyer Agreement, Not Provisional Allotment: Delhi HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/indexation-benefit-on-ltcg-available-only-from-date-of-builder-buyer-agreement-not-provisional-allotment-delhi-hc-1433544?TRN300=CvbWznSUcADqkeKDfkCMsKGgAsZDwdMkVkUfBSPXwjHMedFSyMSBziulBMCAsx&LKD333=3247174 Delhi High Court ruled that indexation on long-term capital gains applies only from the date of the Builder Buyer Agreement and not from
Owning Multiple Houses Breaks Section 54F Claim: ITAT Clarifies ‘One Residential House’ Rule [Read Order]
Clipped from: https://www.taxscan.in/top-stories/owning-multiple-houses-breaks-section-54f-claim-itat-clarifies-one-residential-house-rule-1440070?TRN300=SVbWJqSuCAUqKecBUhvMckgWaSJdWdMKVckDHvPHwJwMVDFcyMSkjIDlkMSacx&LKD333=3279386 The Tribunal ruled that ownership of multiple independent residential units disentitles an assessee from claiming capital gains exemption even if the units are
Capital Gains for Home Buyers: Section 54F vs. Section 86 Explained [Old vs New Tax Act Series- Article 1]
Clipped from: https://www.taxscan.in/top-stories/capital-gains-for-home-buyers-section-54f-vs-section-86-explained-old-vs-new-tax-act-series-article-1-1440142?TRN300=SVbWJqSuCAUqKecBUhvMckgWaSJdWdMKVckDHvPHwJwMVDFcyMSkjIDlkMSacx&LKD333=3279374 This Article details the legal shift on capital gains on transfer of certain capital assets not to be charged in case of investment
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