Month: August 2026

Inherited mother’s land, converted it into business stock, and invested over Rs 5 crore in a new home; ITAT Surat grants Section 54F tax exemption

RBI may incur $9-12 bn in FCNR(B) hedging costs-FE

https://www.financialexpress.com/business/news/rbi-may-incur-9-12-bn-in-fcnrb-hedging-costs/4319242/?ref=hometop_hp RBI’s special FCNR(B) swap window could entail billions of dollars in hedging costs if inflows reach $70 billion. The Reserve Bank of India (RBI) could incur

The boardrooms of India’s premier financial institutions and infrastructure giants are in for a rude awakening. And this time around, it’s not the falling rupee that’s pinching.

Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/rbis-56-8-billion-forex-drive-how-diaspora-deposits-reshape-indias-currency-risk-and-balance-sheet/articleshow/133279137.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst As of August 13, RBI‘s special June forex swap and deposit package has mobilised $56.8 bn, of which $52.3 bn is through fresh

Google Maps Cache Clear steps to fix Phone Storage Problem: जर तुमच्या फोनमधील स्टोरेज अचानक कमी होऊ लागले असेल, तर केवळ फोटो, व्हिडिओ आणि मेसेजिंग

Property Rights : जमीन आणि मालमत्तेची प्रकरणे न्यायालयात प्रलंबित असतील, असे अनेक लोक आपल्या आजूबाजूला आहेत. बहुतेक प्रकरणांमध्ये मालमत्तेची नोंदणी, वाटणी आणि मालकी हक्कांचा समावेश असतो.मालमत्ता

IBBI Proposes Tighter Checks for Insolvency Professionals to Curb Misuse of IBC Framework The Insolvency and Bankruptcy Board of India (IBBI) has proposed tighter checks

The ITAT Delhi allowed the appeal of Pulin Investments Pvt. Ltd. for AY 2014-15 against the order of the CIT(A), concerning an addition of Rs.2,43,67,499/-

Read more at: https://taxguru.in/income-tax/pune-itat-reopening-3-years-quashed-rs-12-56-lakh-escapement-rs-50-lakh-threshold.html?utm_source=follow.it Copyright © Taxguru.in Pune ITAT: Property Value Cannot Be Treated as Escaped Income Without Verifying Actual Year-Wise Payments – Reopening Beyond 3

Read more at: https://taxguru.in/income-tax/madras-hc-upholds-rejects-property-claim-unsubstantiated-suspicious-circumstances.html?utm_source=follow.it Copyright © Taxguru.in The Madras High Court considered O.S.A.Nos.84 and 85 of 2020 arising from the common judgment dated 04.09.2019 in T.O.S.No.56

https://www.financialexpress.com/money/fast-ds-scheme-explained-who-can-declare-undisclosed-foreign-assets-and-how-much-tax-will-they-pay-4318553 Payment must be made within two months from the end of the month in which the order is received. The Income Tax Department has

India’s Cyber Challenge: Why Institutional Transparency and Board Accountability Must Replace Opacity We have become remarkably comfortable with the language of digital transformation. Yet when

l I sold some family jewellery in December last year. Do I have to pay any capital gains tax on the money received and how

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/housing-society-expels-member-by-passing-a-resolution-with-3/4-majority-can-it-force-the-resident-to-vacate-or-sell-the-flat/articleshow/133255325.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Recently there was a case in the Maharashtra Co-Operative Appellate Court where a housing society passed a resolution to evict a resident because his

Read more at:https://economictimes.indiatimes.com/wealth/tax/big-relief-to-taxpayers-with-undisclosed-foreign-assets-cbdt-notifies-foreign-assets-of-small-taxpayers-disclosure-scheme-rules-know-who-can-use-it-by-december-31-2026/articleshow/133257334.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Central Board of Direct Taxes (CBDT) notified the Foreign Assets of Small Taxpayers—Disclosure Scheme Rules, 2026 via a notification (No. 114/2026)