Clipped from: https://economictimes.indiatimes.com/wealth/tax/man-sells-350-grams-gold-for-rs-11-lakh-income-tax-dept-doubts-it-and-sends-tax-notice-for-unexplained-money-he-wins-case-in-itat-ahmedabad/articleshow/126393388.cms Mr. Soni from Ahmedabad, Gujarat, received a tax notice after selling 350 grams of gold to another party on November 15, 2016. He argued that he is
Month: January 2026
*****Capital Gains Must Reflect Only Real Consideration Received: ITAT quashes S.263 Revision [Read Order]
Clipped from: https://www.taxscan.in/top-stories/capital-gains-must-reflect-only-real-consideration-received-itat-quashes-s263-revision-1437578?TRN300=cVBgJPCDSauMbeDAxEDMcKWwasZUGDMbEuaxEuPXgjgMEuFsiMcBjYDnkMcAsh&LKD333=3324504 Section 48 mandates computation of capital gains only on the “full value of consideration received or accruing to the assessee The principle that
*Fiscal deficit target in reach despite lower nominal GDP growth estimate | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/fiscal-deficit-target-in-reach-despite-lower-nominal-gdp-growth-estimate-126010700931_1.html The Budget estimates for this year had assumed a nominal GDP growth of 10.1 per cent Nominal GDP for FY26, according to the
Leaving money for pets in a will? Experts tell what Indian law says | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/leaving-money-for-pets-in-a-will-experts-tell-what-indian-law-says-126010700943_1.html Legal limits, real risks, and how owners can plan responsibly Indian law treats pets as property, making drafting and oversight critical. A will
*******Why IndiGo still matters – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/why-indigo-still-matters/4099567/ Dismantling a model that kept it afloat will not improve safety or affordability. IndiGo operates squarely within this contradiction. It is often described as
*$350,000 in one day: ‘Overwhelming’ response to Telugu NRI couple’s tragic death in US – US News | The Financial Express
Clipped from: https://www.financialexpress.com/world-news/us-news/fundraiser-for-telugu-nri-couple-crosses-350k-goal-in-less-than-24-hours-after-fatal-us-crash/4099652/?utm_source=Taboola_Recirculation&utm_medium=RC&utm_campaign=FE A wrong-way DUI driver’s mistake cost a Telugu NRI couple their life in the US. Their two children survived the accident but remain
*Big win for NRI taxpayers: ITAT Chennai rules he qualifies as non-resident, no tax in India on overseas earnings – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/big-win-for-nri-taxpayers-itat-chennai-rules-he-qualifies-as-non-resident-no-tax-in-india-on-overseas-earnings/articleshow/126335786.cms On October 31, 2025, the Income Tax Appellate Tribunal (ITAT) Chennai ruled that just because someone holds the title of managing director, it doesn’t mean they aren’t
*****20% Pre-Deposit Not Mandatory for Grant of Stay u/s 220(6) of Income Tax Act: Delhi HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/20-pre-deposit-not-mandatory-for-grant-of-stay-us-2206-of-income-tax-act-delhi-hc-1441169?TRN300=CEbwzPSucAUqBVcxGGvMSKWWASJdGUMKEShgGVqxWjwMVUfsyMSbZydqBMCaSh&LKD333=3312340 The Delhi High Court held that payment of 20% of the disputed tax demand is not a mandatory condition for grant of stay
*Public sector banks well prepared to move to weekly reporting of credit data – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/public-sector-banks-well-prepared-to-move-to-weekly-reporting-of-credit-data/article70477639.ece PSBs have a market share of 56.2 per cent in total advances of scheduled commercial banks Banks such as State Bank of India
*****Now you can access Amazon’s Alexa Plus AI assistant on web: What’s new | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/now-you-can-access-amazon-s-alexa-plus-ai-assistant-on-web-what-s-new-tech-news-amazon-s-latest-news-126010600709_1.html Amazon expands Alexa Plus to the web, allowing users to manage tasks, control smart homes, plan meals and discover content directly from a
*Stray dogs case: SC says more pleas filed than even human matters | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/stray-dogs-case-sc-says-more-pleas-filed-than-even-human-matters-126010600550_1.html A bench of Justices Vikram Nath and Sandeep Mehta made the observations when two lawyers mentioned the stray dogs matter before it The
*Aadhaar PVC card charges increase: Check details here & how to apply | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/aadhaar-pvc-card-charges-increase-check-details-here-how-to-apply-126010600882_1.html Find out the updated fees, delivery timeline, and how to order your card The cost of the Aadhaar PVC Card has risen to
*Amazon Pay partners with 7 financial entities for fixed deposits
Clipped from: https://www.business-standard.com/companies/news/amazon-pay-partners-with-7-financial-entities-for-fixed-deposits-126010600888_1.html The company said it had partnered with two non-banking financial companies (NBFCs), Shriram Finance and Bajaj Finance, along with five banks The fintech
*****Why skipping breakfast may pose a bigger health risk than you realise – The Hindu
Clipped from: https://www.thehindu.com/sci-tech/health/why-skipping-breakfast-may-pose-a-bigger-health-risk-than-you-realise/article70427446.ece Skipping breakfast may seem like a minor inconvenience, but over time, it could lead to a range of health consequences. Small, daily breakfast-related
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