Clipped from: https://www.financialexpress.com/business/banking-finance/97-of-bank-deposit-accounts-insured/4102335/ New RBI data reveals that 42.1% of the total value of bank deposits in India was insured as of September 2025, a slight
Month: January 2026
*Section 68 Addition Deleted After Loan Genuineness Proven
Clipped from: https://taxguru.in/income-tax/section-68-addition-deleted-loan-genuineness-proven.html ITO Vs Mohanbhai Laljibhai Rami (ITAT Ahmedabad) Unsecured Loan Explained Through Evidence; Section 68 Addition Deleted and Revenue Appeal Dismissed: ITAT Ahmedabad Summary:
*****ITAT Condones 3,100 Days Delay, Appeal Sent Back
Clipped from: https://taxguru.in/income-tax/itat-condones-3100-days-delay-appeal.html Unnatiben Suhitbhai Gajjar Vs ITO (ITAT Ahmedabad) Extraordinary Delay of Over 3,100 Days Condoned with Costs; Matter Remanded for Adjudication: ITAT Ahmedabad The
*******Reopening Quashed for Non-Supply of Material Relied Upon in Reasons
Clipped from: https://taxguru.in/income-tax/reopening-quashed-non-supply-material-relied-reasons.html Ajay Kumar Bajaj Vs ITO (ITAT Raipur) Reopening Quashed for Non-Supply of Material Relied Upon in Reasons: ITAT Raipur Summary: The Raipur Bench (SMC)
*******Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series – Article 5]
Clipped from: https://www.taxscan.in/top-stories/understanding-shift-in-surcharge-rebate-and-marginal-relief-provisions-under-new-income-tax-old-vs-new-income-tax-act-series-article-5-1440718?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332348 The Income-tax Act, 2025, which was signed into legislation by the president on August 21, 2025, is an entirely new version of the
*******Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]
Clipped from: https://www.taxscan.in/top-stories/assessments-and-time-limits-under-income-tax-act-new-vs-old-tax-act-series-1441036?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332356 This article analyzes the various types of assessments and deadlines for issuing income tax notices, and compares significant changes under the new Income
*******Digital Privacy Issues under Income Tax Act, 2025: Search Powers Explained
Clipped from: https://www.taxscan.in/top-stories/digital-privacy-issues-under-income-tax-act-2025-search-powers-explained-1440688?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332353 Where a taxpayer persistently fails to disclose income or assets despite statutory opportunities, the Income Tax Department may, as a measure of last
*******Deductions Under Income Tax: Computation Methods, Regime Comparison, and Procedural Changes in New Income Tax Act [Old vs New Income Tax]
Clipped from: https://www.taxscan.in/top-stories/deductions-under-income-tax-computation-methods-regime-comparison-and-procedural-changes-in-new-income-tax-act-old-vs-new-income-tax-1440555?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332370 This Article compares deduction computation and total income calculation under the Old Income Tax Act, 1961 and the New Income Tax Act, 2025,
*******Special Allowances – Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]
lipped from: https://www.taxscan.in/top-stories/special-allowances-exemptions-and-taxability-under-income-tax-act-old-vs-new-tax-act-series-1440918?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332373 Special allowances constitute a large portion of your salary package and understanding how to maximize these allowances for tax purposes, as well as
*******Search and Seizure Proceedings, Powers, and Procedural Safeguards in New Income Tax Act [Old vs New Income Tax Series – Article 3]
Clipped from: https://www.taxscan.in/top-stories/search-and-seizure-proceedings-powers-and-procedural-safeguards-in-new-income-tax-act-old-vs-new-income-tax-series-article-3-1440403?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332359 This article explains how the Income-tax Act, 2025 modernises search and seizure powers for a digital economy, compares them with the old law
*****Gifting of MF units to minors will not lower tax liability – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-income-tax-queries-gifting-of-mf-units-to-minors-will-not-lower-tax-liability-4102474/ Expert advice on navigating complex tax scenarios in 2026: Learn how to set off non-speculative business losses from derivatives against equity gains, the
*******UK-based taxpayer ignored tax notices, still escaped Rs 10,000 penalty; here’s why – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/uk-based-taxpayer-ignored-tax-notices-still-escaped-rs-10000-penalty-heres-why/articleshow/126435675.cms Recently, the income tax appellate tribunal (ITAT) Delhi, provided relief to Mr Mahesh, a resident of the United Kingdom (UK), by canceling an income tax penalty of
*******Earn Rs 14.65 lakh and still pay no tax—here’s the NPS, EPF math – The Economic Times–
Clipped from: https://economictimes.indiatimes.com/wealth/tax/pay-zero-tax-on-14-65-lakh-salary-how-nps-epf-tax-benefits-in-new-tax-regime-help-you-save-huge-tax/articleshow/126450471.cms Salaried individuals who opt for the new tax regime don’t have to pay any tax if their annual salaried income is Rs 12,00,000. Beyond this
*NRI Recent News and Updates, Immigration News
Clipped from: https://www.businesstoday.in/nri US tightens visa compliance message for Indians on B1, B2 visas; flags permanent ban risk The advisory also warned that overstaying or engaging
*******Tax Treatment On Gifts Given To Children – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-treatment-on-gifts-given-to-children/article70433927.ece Taxability of retirement benefits (gratuity, leave encashment, provident fund withdrawal, retrenchment compensation, VRS, etc.) is examinedin the hands of the employee I received
*Can we think of insurance for frauds: RBI DG Rabi Sankar asks banks – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/can-we-think-of-insurance-for-frauds-rbi-dg-rabi-sankar-asks-banks/article70491829.ece Sankar added that the RBI, after talking to banks and the Reserve Bank Innovation Hub, is working on developing MuleHunter system better which
*****Tax experts seek clarity on employment deductions available to biz | Budget 2026 News – Business Standard
Clipped from: https://www.business-standard.com/budget/news/budget-tax-experts-seek-clarity-on-additional-employee-cost-deduction-126010901167_1.html Ahead of Budget FY27, tax experts seek clarity on Section 80JJAA as ambiguities over employee cost deductions trigger scrutiny and risk disputes for
*India Inc’s revenue growth may have picked up in Q3FY26: Brokerages | Markets News – Business Standard
Clipped from: https://www.business-standard.com/markets/news/india-inc-s-revenue-growth-may-have-picked-up-in-q3fy26-brokerages-126010901163_1.html Earnings likely grew at slowest pace in 6 quarters The combined net profits of 44 Nifty 50 companies whose estimates are available are
*Zero-fraud objective must to maintain public trust: RBI Deputy Governor | Finance News – Business Standard-
Clipped from: https://www.business-standard.com/finance/news/pursuing-zero-fraud-objective-necessary-to-maintain-public-trust-rbi-dg-126010901262_1.html Despite falling fraud rates in cards and UPI, India must pursue a zero-fraud goal to protect trust and expand digital payments, RBI Deputy
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