Clipped from: https://taxguru.in/income-tax/section-54-exemption-allowed-property-purchased-spouses.html Hanchipura Channaiah Nandakishore Vs ITO (ITAT Bangalore) The assessee appealed before the Income Tax Appellate Tribunal, Bangalore, against the reassessment order passed under
Month: December 2025
Seven States contribute more to total taxes than their share in devolutions from the Centre – The Hindu
Clipped from: https://www.thehindu.com/news/national/seven-states-contribute-more-to-total-taxes-than-their-share-in-devolutions-from-the-centre/article70372592.ece These figures are of relevance now because the 16th Finance Commission, tasked with deciding the devolution formula for the period 2026-31, last month
ITR forms under new Income Tax Act to be notified prior to FY28: MoS Pankaj Chaudhary – The Hindu
Clipped from: https://www.thehindu.com/business/itr-forms-under-new-income-tax-act-to-be-notified-prior-to-fy28-mos-pankaj-chaudhary/article70372226.ece The new Act will replace the existing Income Tax Act, 1961, and make tax laws simple and reduce wordage in the legislation making
Rate cut to address high real interest rate – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/a-rate-cut-was-actually-needed/article70362850.ece The real rates of interest are too high for economic agents to be efficient The MPC has altered the forecast of growth and
Aadhaar Card Update: UIDAI mulls banning private entities from storing Aadhaar photocopies — know more about the new digital verification rule – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/aadhaar-card-update-uidai-mulls-banning-private-entities-from-storing-aadhaar-photocopies-know-more-about-the-new-digital-verification-rule-4069517/ The UIDAI is considering new rules that would prevent private entities from storing Aadhaar photocopies, as it prepares to introduce a more secure
Sanjay Malhotra’s first year as RBI governor: Stability with reforms
Clipped from: https://www.business-standard.com/opinion/columns/sanjay-malhotra-s-first-year-as-rbi-governor-stability-with-reforms-125120700414_1.html The RBI under him prizes stability, yet remains open to reform. The onus is on the banking industry to prove it deserves Malhotra’s
Consumer Protection: Allopathic doctor can’t prescribe ayurvedic drugs
Clipped from: https://www.business-standard.com/opinion/columns/consumer-protection-allopathic-doctor-can-t-prescribe-ayurvedic-drugs-125120700714_1.html The Medical Council had exonerated Dr Agarwal of negligence. But the Consumer Commission held him guilty because he was an allopathic doctor who
India’s economy outdoes expectations but rupee strain raises fresh risks | Editorial Comment – Business Standard
lipped from: https://www.business-standard.com/opinion/editorial/india-s-economy-outdoes-expectations-but-rupee-strain-raises-fresh-risks-125120700761_1.html The headline inflation reading for October, at 0.25 per cent, was the lowest in the current series. The MPC has revised the inflation
Deloitte to launch AI platform ‘Tax Pragya’ for faster client insights | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/deloitte-to-launch-ai-platform-tax-pragya-for-faster-client-insights-125120700220_1.html Deloitte India Partner Sumit Singhania said Tax Pragya, which is set to be launched on December 9, has been built with direct and
New Labour Codes aim for big reform, but face bigger test of enforcement
lipped from: https://www.business-standard.com/economy/news/new-labour-codes-promise-security-to-millions-but-can-they-deliver-125120201246_1.html The Centre has notified implementation of four labour codes, including new provisions for gig workers. But definitions, enforcement capacity and state rules may
India’s 12-hour workday pushes the wrong kind of capitalism forward | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/india-s-12-hour-workday-pushes-the-wrong-kind-of-capitalism-forward-125120500079_1.html It’s a relief that the four new labour laws that New Delhi has brought in, after delaying them for five years for fear
Passport verification record now available on DigiLocker: Here’s how it will help you in job application, travel and compliance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/save/passport-verification-record-now-available-on-digilocker-heres-how-it-will-help-you-in-job-application-travel-and-compliance/articleshow/125767721.cms?utm_source=newsletter&utm_medium=email&utm_campaign=Wealthspecial&utm_content=Story&ncode=75d64f4897e8e8ac52cb55467461f7a63c51ccf2c2e8b750e486fcfa03718c33e0bf41778dc7feec8f76e8759355eb78bfe44c005d92b0c01a0ebb14c221dfd3ad78734863cd49edc2a940cf0cfcade71055599385e0c678&nl_id=5f5a31db80f79664e95 You will be now able to access your Passport Verification Record (PVR) online as it will be available on the DigiLocker platform. To reduce reliance on physical records of
Unclaimed deposits in Oct reduced by ₹760 cr: RBI deputy guv S C Murmu | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/unclaimed-deposits-in-oct-reduced-by-760-cr-rbi-deputy-guv-s-c-murmu-125120501166_1.html Unclaimed deposits fell by ₹760 crore in October as RBI pushes awareness drives, improves UDGAM access, and plans a two-month campaign to clear
Not reading too much into IMF’s ‘crawl’ remark: RBI Dy Guv Poonam Gupta | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/forex-not-reading-too-much-into-imfs-crawl-remark-says-rbi-dy-gov-poonam-gupta-125120500990_1.html RBI deputy governor Poonam Gupta says the IMF’s ‘crawl-like’ label is a sub-classification based on recent volatility data, and does not change India’s
Rupee weakens after RBI rate cut; Guv says external position comfortable | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/markets/news/markets-forex-rupee-weakens-after-25-basis-point-repo-rate-cut-125120501144_1.html The rupee slipped after the RBI cut the repo rate by 25 bps, with traders citing dollar sales near 90.07 per dollar. Governor
RBI emphatic on durable liquidity support; focus clearly on transmission | Economy & Policy Analysis – Business Standard
Clipped from: https://www.business-standard.com/economy/analysis/rbi-emphatic-on-durable-liquidity-support-focus-clearly-on-transmission-125120500999_1.html Multiple MPC members of late flagged the re-emergence of space for further monetary easing given the record-low CPI inflation Siddhartha Sanyal, chief economist
GDP is not our focus. For us, it is real GDP that matters, and that is what we look at in our deliberations,” he told FE.
Clipped from: https://www.financialexpress.com/business/news/there-will-be-ample-liquidity-especially-as-long-as-we-are-in-this-phase-qampa-with-sanjay-malhotra-governor-rbi/4067247/?ref=hometop_hp “India remains comfortably positioned. CAD is unlikely to rise to 2%. MPC decisions are primarily driven by growth-inflation dynamics, given India’s domestic demand-led
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