Clipped from: https://taxguru.in/corporate-law/power-attorney-tax-proceedings-legal-validity-scope.html?utm_source=follow.it 1. Introduction In day-to-day tax practice, representation is not just a convenience—it is often a necessity. Given the increasing complexity of tax laws
Day: May 6, 2026
Old v New Regime –which one suits you ?– Courtesy ET
Clipped from: https://economictimes.indiatimes.com/wealth/tax/old-vs-new-tax-regime-key-differences-that-you-must-know-before-itr-filing-for-tax-year-2026-27/articleshow/130801415.cms Listen to this article in summarized format At first glance, the new tax regime seems like a great deal. With lower tax rates
Negligence claims can continue against heirs after doctor’s death: SC | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/negligence-claims-can-continue-against-heirs-after-doctor-s-death-sc-126050600894_1.html Top court clarifies patients can pursue claims against a deceased doctor’s heirs, with liability capped at inherited assets The Supreme Court has affirmed
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security Code – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-free-allowances-rise-so-do-employer-costs-the-salary-structuring-dilemma-under-the-social-security-code/articleshow/130828148.cms Listen to this article in summarized format New Income Tax Rules, 2026 rules offer increased tax-free allowances for salaried employees, potentially boosting take-home pay. However,
*Gift From NRI Relative Not Taxable as Income if Genuineness is Proved: ITAT [Read Order]
Clipped from: https://www.taxscan.in/gift-from-nri-relative-not-taxable-as-income-if-genuineness-is-proved-itat/430885 As gifts received from an NRI relative are not chargeable to tax, the tribunal directed the addition of 20,00,000/- made towards the income
*Gift Taxation in India: Section‑wise Guide under Income‑tax Act, 1961 and 2025
Clipped from: https://www.taxscan.in/top-stories/gift-taxation-in-india-sectionwise-guide-under-incometax-act-1961-and-2025-1445687?from-login=628672&token=RDWEBKIK9LKGTK2MG5OQ4UCHPYS2YVJRVZHTA While the 2025 Act renumbers and simplifies the provision, the core taxation principles and exemptions remain unchanged. Gift‑giving in India is culturally very meaningful,
Reopening Invalid Due to Change of Opinion on Same Material: Bombay HC
Clipped from: https://taxguru.in/income-tax/reopening-invalid-due-change-opinion-material-bombay-hc.html?utm_source=follow.it Transchem Limited Vs ACIT-8(3) (Bombay High Court) The petition challenged the validity of a notice issued under Section 148 of the Income Tax
New trend in gold demand [ demand rising along side price increase ]–will likely escalate import bill –skew the trade balance and trigger foreien exchange outflows [2] Household savings invested in gold are stockpiled and locked out of the financial system [3] Further useful information is given in the editorial and also suggested are ways to tackle the issue–from long term perspective – Courtey BL
Continued [1] historically, bulk of India’s gold purchases has been from jewellery buyers looking to meet wedding commitments, or to use as collateral during distress.
RBI mulls sale of foreign bonds by state-owned lenders – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-mulls-sale-of-foreign-bonds-by-state-owned-lenders/article70942506.ece Plan aims to attract capital inflows amid persistent currency pressure The Reserve Bank of India, grappling to support the beleaguered rupee, is weighing
The employment profile of India’s young adults – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-employment-profile-of-indias-young-adults/article70942922.ece With fewer than half of young adults employed, the labour market is increasingly polarised between extreme overwork and underemployment The intensity of young
Editorial. Gold rush – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/gold-rush/article70942804.ece ETF-driven rise in gold demand needs watching Gold demand has gone up despite price surge | Photo Credit: e-crow Bullion, after energy, is
Empty chairs: Government should not delay board appointments at PSBs
Clipped from: https://www.business-standard.com/opinion/editorial/empty-chairs-government-should-not-delay-board-appointments-at-psbs-126050501565_1.html Over the years, the government has made significant intervention in institutionalising the appointment processes. But of late, action seems to have lagged Image:
Bombay HC quashes Lilavati Trust bribery case against HDFC Bank CEO | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/bombay-hc-quashes-lilavati-trust-bribery-case-against-hdfc-bank-ceo-126050501010_1.html The court, while quashing the FIR, said continuance of the same would be nothing but an “abuse of the process of court” and
MSMEs, airlines get ₹2.55 trillion credit lifeline amid West Asia crisis | Top News – Business Standard
lipped from: https://www.business-standard.com/industry/aviation/cabinet-announces-18-100-crore-credit-guarantee-scheme-for-msmes-airlines-126050501435_1.html Cabinet approves ECLGS 5.0 with an outlay of ₹18,000 crore The Union Cabinet, chaired by Prime Minister Narendra Modi, on Tuesday approved the
How new online gaming rules will change your income tax and legal exposure depending on the kind of game you play – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-new-online-gaming-rules-will-change-your-income-tax-and-legal-exposure-depending-on-the-kind-of-game-you-play/articleshow/130708954.cms If you have ever opened a gaming app for “just a quick game” and ended up spending far more time than you planned,
aniltikotekar4sme.com 