Clipped from: https://economictimes.indiatimes.com/wealth/tax/can-i-claim-ltcg-exemption-in-same-year-if-i-buy-a-property-before-selling-existing-one/articleshow/130826117.cms Listen to this article in summarized format These are a set of queries raised by ET Wealth readers, which have been answered by
Day: May 5, 2026
Old and New Regime–Comparision rendered easy by ET via the chart below
Benefits Old Tax Regime New Tax Regime Value of free food voucher INR 200 per meal INR 200 per meal A specific carve-out allowed tax exemption
*Reassessment notice invalid for short response time, limitation breach, and unsustainable addition on joint property ownership.
Section 148A(b) requires at least seven days to respond; a notice granting only five days was held contrary to statute, and the assessee’s later extension
*Demonetization Cash Deposits – Source cannot be considered as unexplained u/s 69 even when deposit is in Violation of RBI guidelines [Sec 69 of ITA’61 – Sec 103 of ITA’25]
Summary: Cash deposits of demonetized notes are not unexplained investment merely because they were accepted or deposited in violation of RBI guidelines. For invoking section 69,
Labour laws: Exiting outdated ILO conventions won’t make India anti-worker
lipped from: https://www.business-standard.com/opinion/columns/labour-laws-exiting-outdated-ilo-conventions-won-t-make-india-anti-worker-126050401772_1.html India is a founding member of the ILO and has been a permanent member of its Governing Body since 1922. Over time, we
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