Clipped from: https://taxguru.in/income-tax/jao-vs-fao-section-148-reassessment-powers-evolving-delhi-hc-sc-position.html JAO vs. FAO: Reassessment Powers under Section 148 – Evolving Delhi High Court and Apex Court Position It is pertinent to note that
Month: January 2026
*****Stamp duty vs deal value: Homebuyer gets relief as ITAT Mumbai rejects addition of Rs 18 lakh income by tax dept for property valuation gap – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/stamp-duty-vs-deal-value-homebuyer-gets-relief-as-itat-mumbai-rejects-addition-of-rs-18-lakh-income-by-tax-dept-for-property-valuation-gap/articleshow/126264552.cms On December 16, 2025, the Income Tax Appellate Tribunal (ITAT) Mumbai granted relief to Mr. Naik from Bhandup, regarding an income addition made by the
Editorial. Trumping the odds – The HinduBusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/editorial/trumping-the-odds/article70457438.ece After last year’s chaos, 2026 actually looks better The year 2025 was one of massive geo-political shifts | Photo Credit: Thithawat_s It might
Over 70% of fintechs’ loan book unsecured: Financial Stability Report | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/fintechs-unsecured-loans-rbi-financial-stability-report-125123100962_1.html Unsecured personal loans dominate fintech lending, with younger borrowers accounting for over half the exposure, as the RBI highlights growth and asset quality
Centre notifies revised draft rules for labour codes, seeks responses | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/labour-ministry-notifies-labour-codes-draft-rules-seeks-responses-125123100834_1.html Revised draft rules for the four Labour Codes clarify key provisions such as gratuity on ‘wages’ and gig worker registration, with stakeholder inputs
2026 to bring data, policy, tax changes; labour codes, CBAM to take effect
Clipped from: https://www.business-standard.com/economy/news/2026-rings-in-policy-tax-reforms-new-labour-codes-cbam-to-take-effect-125123100748_1.html With new GDP, CPI and IIP base years, sweeping tax reforms, GST overhaul, labour code rollout and EU’s carbon tax, 2026 is set
Centre’s fiscal deficit at 62.3% of FY26 BE in April-November; capex up 28% | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/economy-policy-centres-fiscal-deficit-widens-to-623-of-be-in-apr-nov-fy26-125123100826_1.html CGA data showed the Centre’s fiscal deficit rose to Rs 9.77 trillion, or 62.3 per cent of FY26 Budget estimates, in April-November as
India’s household debt rises to 41.3% of GDP, above five-year average: RBI | Economy & Policy News – Business Standard
lipped from: https://www.business-standard.com/economy/news/indias-household-debt-rises-to-41-3-per-cent-of-gdp-rbi-fsr-125123101081_1.html RBI says household debt rose to 41.3% of GDP at end-March 2025, led by consumption-oriented retail loans, even as net financial savings improved
External uncertainties may trigger outflows, Fx rate volatility: RBI | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-warns-external-uncertainties-outflows-exchange-rate-volatility-125123101028_1.html RBI flags risks from global shocks, including a sharp US equity correction, that could spur foreign portfolio outflows and rupee volatility, though it
*RBI cash transaction limits explained: How much cash can you use while buying gold, property or lending to your friend? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/rbi-cash-transaction-limits-explained-how-much-cash-can-you-use-while-buying-gold-property-or-lending-to-your-friend/articleshow/126271114.cms RBI cash transaction limits explained: Check details Many people use cash to buy groceries, meals, or other small purchases. Most of the time,
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