Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gift-gone-wrong-how-a-tax-exempt-rs-13-crore-family-gift-turned-into-a-rs-70-lakh-tax-shock-504677-2025-12-02 The Income Tax Department has clarified that monetary gifts received by individuals and HUFs are taxable under Section 56(2)(x) unless specifically exempt. Gifts
Day: December 2, 2025
Man sells Delhi property, shifts to Australia; tax dept adds Rs 40 lakh as unexplained cash credit, but he wins in ITAT Delhi – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/man-sells-delhi-property-shifts-to-australia-tax-dept-adds-rs-40-lakh-as-unexplained-cash-credit-but-he-wins-in-itat-delhi/articleshow/125710590.cms Listen to this article in summarized format Income Tax Appellate Tribunal (ITAT), Delhi, ruled that taxpayers can claim Section 54 capital gains tax exemption on
Cautious optimism: On India and growth – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/cautious-optimism-on-india-and-growth/article70345469.ece India’s challenge is to maintain the growth momentum Updated – December 02, 2025 01:00 am IST India’s September-quarter GDP data for the current financial
What is average debt per borrower in India? Govt answers in parliament – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/what-is-average-debt-per-borrower-in-india-govt-answers-in-parliament-4062117/ India’s reliance on household credit has surged sharply in recent years, with new data presented in the Lok Sabha showing that both the
Musk says misuse of H-1B should stop but programme must continue – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/latest-updates/musk-says-misuse-of-h-1b-should-stop-but-programme-must-continue/articleshow/125685053.cms?utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&utm_content=Story6&ncode=75d64f4897e8e8ac52cb55467461f7a63c51ccf2c2e8b750e486fcfa03718c33e0bf41778dc7feec8f76e8759355eb785126dfc259c45ded30f220ecc6dccc84a310c0ef9b2ddc6e4caa356ee019f11d2eb43efa5a64ddcc&nl_id=5f5a31db80f79664e95679c9 Listen to this article in summarized format SpaceX CEO Elon Musk has said the United States has been a major beneficiary of talent from India and
Over 2 lakh private firms shut in five years, Govt tells Lok Sabha – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/private-firms-shutdown-offices-corporate-closures-govt-lok-sabha/articleshow/125691865.cms?utm_source=newsletter&utm_medium=email&utm_campaign=Dailynewsletter&utm_content=Story4&ncode=75d64f4897e8e8ac52cb55467461f7a63c51ccf2c2e8b750e486fcfa03718c33e0bf41778dc7feec8f76e8759355eb785126dfc259c45ded30f220ecc6dccc84a310c0ef9b2ddc6e4caa356ee019f11d2eb43efa5a64ddcc&nl_id=5f5a31db80f79664e95679c9 Synopsis More than two lakh private companies have shut down in India over the past five years. These closures occurred due to various
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