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
Month: January 2026
*****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
FinMin to review PSBs’ progress on unclaimed deposits on January 14
Clipped from: https://www.business-standard.com/finance/news/finmin-to-review-psbs-progress-on-unclaimed-deposits-on-january-14-126010900952_1.html “The meeting, to be chaired by the Joint Secretary (banking) in DFS, will assess the status of unclaimed deposits transferred to the DEA
Microsoft Copilot adds checkout to rival ChatGPT, Perplexity shopping | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/microsoft-copilot-shopping-checkout-payment-feature-126010900435_1.html Microsoft is bringing direct shopping to Copilot, enabling in-chat payments. The feature is currently rolling out on Copilot web client in the US
*****RBI should hold rates as growth is strong, inflation remains low: PwC | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/rbi-should-hold-rates-as-growth-is-strong-inflation-remains-low-pwc-126010900612_1.html The Reserve Bank is unlikely to cut key policy rate in the next Monetary Policy Committee (MPC) meeting next month, said PwC Partner
*****Post DPDP, information collected by banks needs revisit: RBI official | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/post-dpdp-information-collected-by-banks-needs-revisit-rbi-official-126010901200_1.html Banks must reassess the amount of customer data they collect under the DPDP Rules, while continuing to innovate responsibly with AI, an RBI
*8 years delay in tax refund: Delhi HC raps Income Tax Department, warns of Rs 1 lakh personal cost on Deputy Commissioner – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/8-years-delay-in-tax-refund-delhi-hc-raps-income-tax-department-warns-of-rs-1-lakh-personal-cost-on-deputy-commissioner/articleshow/126429593.cms On January 6, 2026, the Delhi High Court expressed shock at the Income Tax Department as a taxpayer, had to wait 8 years for getting their
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