Month: April 2026
income tax news, Form 188, gratuity, superannuation, Personal Finance, Business news, Economic News, मराठी अर्थवृत्त, महाराष्ट्र टाइम्स, Maharashtra times
lipped from: https://maharashtratimes.com/business/business-news/what-is-form-188-income-tax-department-approval-for-gratuity-superannuation-fund/articleshow/130348029.cms Personal Finance: आयकर विभागाच्या नवीन नियमांनुसार, लागू केलेला फॉर्म 188 कोणत्याही कंपनीने न भरल्यास कंपनीने कर्मचाऱ्यांच्या निवृत्ती रक्कमेसाठी जमा केलेल्या फंडवर कर आकारला
Govt debunks viral claim of mandatory tax clearance for all travellers leaving country – Money News | The Financial Express
lipped from: https://www.financialexpress.com/money/govt-debunks-viral-claim-of-mandatory-tax-clearance-for-all-travellers-leaving-country-4211774/ Government debunks viral claim that all Indians need an Income-tax Clearance Certificate to travel abroad, clarifying that ITCC applies only in rare cases
ITAT Bangalore Remands ₹49L Sec 68 Addition & ₹3.74L TDS Disallowance for Fresh Verification
Clipped from: https://taxguru.in/income-tax/unverified-sundry-creditors-40-a-ia-issues-remanded-bang-itat-slams-non-speaking-order.html Shanker Mahadevan Iyer Vs ITO (ITAT Bangalore) The Bangalore ITAT set aside additions relating to sundry creditors (₹49.43 lakh) and TDS disallowance u/s 40(a)(ia) (₹3.74 lakh),
ITAT Deletes ₹12.69 Cr Addition, Upholds Loan Repayment Not Taxable as Unexplained Credit [Read Order]
lipped from: https://www.taxscan.in/top-stories/itat-deletes-1269-cr-addition-upholds-loan-repayment-not-taxable-as-unexplained-credit-1444996 ITAT held that loan repayments cannot be treated as unexplained cash credits under Section 68. The Income Tax Appellate Tribunal (ITAT) Mumbai Bench
Repayment of Short-Term Deposit Cannot be Treated as Unexplained Cash Credit: ITAT Deletes ₹26 Cr Addition [Read Order]
Clipped from: https://www.taxscan.in/top-stories/repayment-of-short-term-deposit-cannot-be-treated-as-unexplained-cash-credit-itat-deletes-26-cr-addition-1445084 ITAT held that repayment of short-term deposits through banking channels cannot be treated as unexplained cash credit under Section 68. The Income Tax
Nominee vs legal heir: Why your PF, gratuity may not go where you think
Clipped from: https://www.business-standard.com/finance/personal-finance/nominee-vs-legal-heir-why-your-pf-gratuity-may-not-go-where-you-think-126041701064_1.html Nomination enables payout, but ownership follows the will or succession law, says expert A nominee in provident fund (PF) or gratuity does not
*Misreported income? This can cost you 200% tax penalty — What you should know – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/misreported-income-this-can-cost-you-200-tax-penalty-what-you-should-know-526204-2026-04-17 Misreporting your income in ITR can lead to steep penalties of up to 200% of the tax due under Section 270A. Even small
Gold loan boom sees early stress; delinquencies rise with borrower leverage
Clipped from: https://www.business-standard.com/finance/personal-finance/gold-loan-boom-sees-stress-as-delinquencies-rise-with-borrower-leverage-126041500456_1.html Rapid expansion has made gold loans the second-largest retail credit segment, but rising borrower leverage and repeat borrowing patterns are prompting calls for
*Income tax rules 2026: Who is taxed on gifts, property and asset transfers? – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-rules-2026-who-is-taxed-on-gifts-property-and-asset-transfers-526169-2026-04-17 In India, asset transfers, whether through sale, exchange, or gift, are typically treated as capital gains and taxed in the year the transfer
*Man sells shares, invests Rs 40 crore capital gains to buy 6 luxury flats; tax exemption on gains denied – ITAT still gives relief – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/man-sells-shares-invests-rs-40-crore-capital-gains-to-buy-6-luxury-flats-tax-exemption-on-gains-denied-itat-still-gives-relief-4209951/ Mumbai ITAT has ruled that six flats spread across three floors can be treated as one residential house for tax exemption under Section
*Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here’s why ITAT Chennai cancelled it – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/tax/employee-fined-rs-10-lakh-over-lack-of-esop-disclosure-in-itr-heres-why-itat-chennai-cancelled-it/articleshow/130320585.cms When Mr Kumar was working abroad with Vedanta Limited, he received employee stock options (ESOPs) from the foreign parent company, Vedanta Resources PLC (UK). These shares
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