Month: August 2026

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/employee-lost-job-over-pending-criminal-case-sc-awards-rs-5-lakh-compensation-for-wrongful-termination/articleshow/133227388.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Justice Dipankar Datta and Justice Sheel Nagu of the Supreme Court of India recently ruled that there is no law allowing an employer to

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/nri-used-nre-account-to-buy-rs-79-lakh-property-got-unexplained-cash-tax-notice-itat-ahmedabad-grants-full-relief/articleshow/133228993.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst In a recent judgement, the Income Tax Appellate Tribunal (ITAT) Ahmedabad gave relief to a non-resident man from an income tax notice for unexplained

Read more at:https://economictimes.indiatimes.com/wealth/tax/property-dealer-deposits-rs-54-lakh-cash-in-bank-files-no-itr-gets-tax-notice-does-not-respond-wins-case-in-itat-delhi-know-why/articleshow/133198532.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Rathee, a property dealer from Rohtak, Haryana, found himself in hot water with the income tax department after he deposited Rs

Read more at: https://taxguru.in/income-tax/itat-section-54-deduction-residential-flat-completion-years.html Copyright © Taxguru.in The Tribunal examined Section 54 and observed that the provision requires the assessee to purchase or construct a residential

Read more at: https://taxguru.in/income-tax/hyderabad-itat-reassessment-material-change-opinion.html Copyright © Taxguru.in Shikha Kedia Vs ITO (ITAT Hyderabad) Hyderabad ITAT Quashes Reassessment as Mere “Change of Opinion”: AO Cannot Reopen Scrutiny

A common trigger is when substantial amounts are credited to a bank account but are not reflected as business receipts, professional income, investment proceeds or

Moving abroad can change how you manage your Public Provident Fund (PPF) account, especially if you become a Non-Resident Indian (NRI) or later acquire foreign

Read more at:https://economictimes.indiatimes.com/wealth/tax/presumptive-taxation-for-professionals-the-50-rule-remains-but-what-changes-for-deductions-and-losses-under-the-new-tax-act/articleshow/133171653.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Ahead of the August 31, 2026 due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27 for individuals engaged in business or profession,

Read more at:https://economictimes.indiatimes.com/industry/media/entertainment/media/from-reels-to-episodes-80-indians-embrace-microdrama-as-new-entertainment-habit/articleshow/133192716.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short,

AI new way of running a bank’ RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks