Month: March 2026

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/will-old-tax-regime-regain-its-edge-from-april-1-draft-income-tax-rules-2026-may-tilt-balance-for-salaried-taxpayers-519417-2026-03-06The Draft Income Tax Rules 2026 propose a significant overhaul of tax-exempt allowances for salaried individuals, potentially reshaping the old vs new tax

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/selling-land-after-demolishing-structure-itat-says-costs-before-property-sale-may-qualify-as-ltcg-deduction-519429-2026-03-06 Property sellers locked in disputes over capital gains calculations may find some relief from a recent ruling by the Hyderabad Bench of ITAT.

Clipped from: https://www.financialexpress.com/money/your-queries-on-income-tax-credit-card-cashbacks-above-rs-50000-may-attract-taxnbsp-4164636/ Navigating complex tax rules can be daunting. This guide provides clarity on common financial questions, including the taxability of high-value credit card rewards,

Clipped from: https://economictimes.indiatimes.com/wealth/tax/updated-return-vs-black-money-law-drafting-gap-may-trigger-30-tax-and-300-penalty-under-finance-bill-2026/articleshow/129071501.cms ET OnlineAI generated representative image The Finance Bill, 2026 proposes several reforms aimed at encouraging voluntary compliance—including expanding the scope of updated returns

Clipped from: https://taxguru.in/income-tax/reassessment-notice-deceased-person-invalid-law-requires-notice-legal-heirs.html Ashok Kumar Pinjani Vs ITO (Chhattisgarh High Court) The case was decided by the Chhattisgarh High Court in an appeal filed under Section

Clipped from: https://taxguru.in/income-tax/reassessment-notice-deceased-person-invalid-law-requires-notice-legal-heirs.html Ashok Kumar Pinjani Vs ITO (Chhattisgarh High Court) The case was decided by the Chhattisgarh High Court in an appeal filed under Section

Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-data-suggest-end-of-repo-rate-cut-transmission-into-lending-rates/article70708172.ece Weighted average lending rate on fresh rupee loans of banks) rose 39 bps to 8.67 per cent in January 2026 from 8.28 per

Clipped from: https://www.thehindubusinessline.com/info-tech/googles-play-store-concessions-fail-to-impress-indian-entrepreneurs-fighting-antitrust-case/article70707937.ece The initial complainants in Google’s anti-trust case criticise Google’s Play Store concessions, claiming they fail to address ongoing antitrust concerns and maintain unfair

Clipped from: https://www.business-standard.com/finance/personal-finance/irdai-s-new-insurer-rules-from-april-1-what-it-means-for-policyholders-126030500598_1.html Move to Ind AS 117 framework will modernise how insurers report long-term profits and liabilities without altering existing policy terms, premiums or coverage

Clipped from: https://www.business-standard.com/finance/personal-finance/home-insurance-burden-proving-exclusion-claim-lies-on-insurer-126030501218_1.html If an insurer wants to deny a claim based on an exclusion, it must provide clear evidence that the incident falls under that

Clipped from: https://www.financialexpress.com/money/nri-buys-property-in-india-tax-dept-flags-rs-56-15-lakh-as-unexplained-investment-what-itat-finds-next-4163502/ An NRI faced a tax addition of ₹56.15 lakh after buying property in India when the tax department questioned the source of funds.

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/expat-in-uae-with-assets-but-no-will-the-2026-amendment-changes-how-your-assets-will-be-transferred-to-your-legal-heirs/articleshow/129072355.cms ET OnlineEqual inheritance: UAE Law for residents by default grants half estate to spouse and equal share to children in absence of a

Clipped from: https://economictimes.indiatimes.com/wealth/tax/updated-return-vs-black-money-law-drafting-gap-may-trigger-30-tax-and-300-penalty-under-finance-bill-2026/articleshow/129071501.cms ET OnlineAI generated representative image The Finance Bill, 2026 proposes several reforms aimed at encouraging voluntary compliance—including expanding the scope of updated returns

Clipped from: https://economictimes.indiatimes.com/wealth/tax/rbi-deducted-tds-on-full-interest-on-goi-savings-bonds-how-do-i-avoid-double-taxation/articleshow/129072723.cms Getty ImagesOur panel of experts will answer questions related to any aspect of personal finance. These are a set of queries raised by

Clipped from: https://www.business-standard.com/finance/personal-finance/pan-misused-for-fraudulent-loan-how-to-detect-restore-credit-score-126030400494_1.html Hidden loans can quietly hurt your credit score; here’s how to catch and fix them promptly A loan fraudulently taken on your permanent

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/insurer-denies-accident-claim-for-no-fir-and-suspected-drunken-driving-consumer-commission-orders-rs-5-58-lakh-payout-key-lessons-for-policyholders/articleshow/128971682.cms ET OnlineDriver lost control and crashed the car; service center tells Rs 7 lakh repair cost; Insurer denies claim alleging no FIR and

Clipped from: https://economictimes.indiatimes.com/wealth/tax/60-lakh-vs-1-20-crore-how-budget-2026s-foreign-asset-disclosure-scheme-cuts-black-money-act-risk-for-nris-and-residents-with-overseas-assets/articleshow/129011397.cms ET OnlineAI generated representative image For returning NRI students, professionals, tech employees, relocated NRIs, and residents with overseas financial footprints, reporting of foreign

Clipped from: https://www.taxscan.in/top-stories/income-tax-section-153c-notices-time-barred-when-computed-from-satisfaction-note-date-delhi-hc-quashes-reassessment-1443149?TRN300=svBwJnCucaunBEfYYuaMckWwASJdwUMbvFIIuAlhwjWMvUfSIMCkzyDnkMsAchMbvFIyuAMScYEzMb&LKD333=3432933 The court quashed Income Tax Section 153C notices as time-barred after holding that limitation must be computed from the satisfaction note date. The