Day: April 25, 2026

Clipped from: https://www.business-standard.com/finance/news/currency-circulation-atm-withdrawal-gap-precautionary-cash-holding-sbi-report-126042400592_1.html Gap between per capita currency in circulation and ATM withdrawals widens sharply, reflecting precautionary cash holding even as digital payments surge to record

Clipped from: https://www.business-standard.com/economy/analysis/is-india-s-inflation-targeting-sufficiently-capturing-the-digital-economy-126042401055_1.html As digital payments reshape consumption patterns, questions arise over whether India’s CPI-based inflation targeting adequately reflects real transaction prices in a rapidly evolving

Clipped from: https://www.business-standard.com/economy/news/rupee-fundamentally-undervalued-levels-may-attract-investors-cea-126042400114_1.html The currency has given up much of the gains fueled by the central bank’s recent measures to curb speculative arbitrage bets that had

Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-rules-2026-what-changes-salaried-individuals-are-seeing-in-their-pay-tax-filing-527133-2026-04-24 Salaried taxpayers will now experience tighter compliance requirements. Rent claims now require landlord PAN details, loan deductions need supporting documentation, and high-value transactions

lipped from: https://www.financialexpress.com/money/new-itr-forms-make-compliance-easier-but-ask-for-more-income-detailsnbsp-4217779/ Turnover from F&O trading & intraday trades to be separately shown ITR Forms for AY 2026-27: New Disclosure Rules for F&O, Political Donations,

Clipped from: https://www.financialexpress.com/money/your-queries-on-income-tax-nris-have-to-pay-capital-gains-tax-on-property-sale-in-india-4217787/ Navigating the Income Tax Act, 2025: This guide covers essential tax rules for NRIs selling property in India, including TDS and treaty relief.

Clipped from: https://taxguru.in/income-tax/on-money-addition-u-s-69-deleted-third-party-excel-data-statements-held-insufficient.html?utm_source=follow.it Ghewar Chand Jain Vs DCIT (ITAT Mumbai) Mumbai ITAT deleted additions made u/s 69 towards alleged cash (on-money) payment for purchase of shop in the

Clipped from: https://taxguru.in/income-tax/u-s-263-quashed-search-case-pcit-revise-touching-u-s-153d-approval.html?utm_source=follow.it Shashi Kant Damodar Khandelwal Vs PCIT (ITAT Mumbai) Mumbai ITAT quashed revision proceedings initiated under Section 263 across multiple years in a search-related

Clipped from: https://taxguru.in/income-tax/reopening-quashed-non-supply-reasons-entire-assessment-held-void.html?utm_source=follow.it M. Abbas & CO. Vs ACIT (ITAT Mumbai) Mumbai ITAT quashed reassessment proceedings holding that failure to supply the actual recorded reasons for reopening

Clipped from: https://taxguru.in/income-tax/credit-card-payments-explained-addition-u-s-69c-deleted-absence-unexplained-source.html?utm_source=follow.it Prateek Rahul Mehta Vs ITO (ITAT Mumbai) Mumbai ITAT deleted an addition of ₹16.61 lakh made u/s 69C towards alleged unexplained credit card payments. The