Author: Anil R Tikotekar

Clipped from: https://www.business-standard.com/finance/personal-finance/irdai-s-new-insurer-rules-from-april-1-what-it-means-for-policyholders-126030500598_1.html Move to Ind AS 117 framework will modernise how insurers report long-term profits and liabilities without altering existing policy terms, premiums or coverage

Clipped from: https://www.business-standard.com/finance/personal-finance/home-insurance-burden-proving-exclusion-claim-lies-on-insurer-126030501218_1.html If an insurer wants to deny a claim based on an exclusion, it must provide clear evidence that the incident falls under that

Clipped from: https://www.financialexpress.com/money/nri-buys-property-in-india-tax-dept-flags-rs-56-15-lakh-as-unexplained-investment-what-itat-finds-next-4163502/ An NRI faced a tax addition of ₹56.15 lakh after buying property in India when the tax department questioned the source of funds.

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/expat-in-uae-with-assets-but-no-will-the-2026-amendment-changes-how-your-assets-will-be-transferred-to-your-legal-heirs/articleshow/129072355.cms ET OnlineEqual inheritance: UAE Law for residents by default grants half estate to spouse and equal share to children in absence of a

Clipped from: https://economictimes.indiatimes.com/wealth/tax/updated-return-vs-black-money-law-drafting-gap-may-trigger-30-tax-and-300-penalty-under-finance-bill-2026/articleshow/129071501.cms ET OnlineAI generated representative image The Finance Bill, 2026 proposes several reforms aimed at encouraging voluntary compliance—including expanding the scope of updated returns

Clipped from: https://economictimes.indiatimes.com/wealth/tax/rbi-deducted-tds-on-full-interest-on-goi-savings-bonds-how-do-i-avoid-double-taxation/articleshow/129072723.cms Getty ImagesOur panel of experts will answer questions related to any aspect of personal finance. These are a set of queries raised by

Clipped from: https://www.business-standard.com/finance/personal-finance/pan-misused-for-fraudulent-loan-how-to-detect-restore-credit-score-126030400494_1.html Hidden loans can quietly hurt your credit score; here’s how to catch and fix them promptly A loan fraudulently taken on your permanent

Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/insurer-denies-accident-claim-for-no-fir-and-suspected-drunken-driving-consumer-commission-orders-rs-5-58-lakh-payout-key-lessons-for-policyholders/articleshow/128971682.cms ET OnlineDriver lost control and crashed the car; service center tells Rs 7 lakh repair cost; Insurer denies claim alleging no FIR and

Clipped from: https://economictimes.indiatimes.com/wealth/tax/60-lakh-vs-1-20-crore-how-budget-2026s-foreign-asset-disclosure-scheme-cuts-black-money-act-risk-for-nris-and-residents-with-overseas-assets/articleshow/129011397.cms ET OnlineAI generated representative image For returning NRI students, professionals, tech employees, relocated NRIs, and residents with overseas financial footprints, reporting of foreign

Clipped from: https://www.taxscan.in/top-stories/income-tax-section-153c-notices-time-barred-when-computed-from-satisfaction-note-date-delhi-hc-quashes-reassessment-1443149?TRN300=svBwJnCucaunBEfYYuaMckWwASJdwUMbvFIIuAlhwjWMvUfSIMCkzyDnkMsAchMbvFIyuAMScYEzMb&LKD333=3432933 The court quashed Income Tax Section 153C notices as time-barred after holding that limitation must be computed from the satisfaction note date. The

Clipped from: https://www.taxscan.in/top-stories/itat-grants-deduction-under-section-54f-to-nri-residential-houses-outside-and-inside-india-considered-1443147?from-login=449965&token=RDWEB3CKNC41QUFKHYCNWTIHOJSA1LBG2KKOA AO had conducted an incomplete inquiry with regards to the deduction claimed under Section 54F. Principal CIT to reassess the claim considering the

Clipped from: https://www.financialexpress.com/money/woman-receives-rs-33-lakh-property-as-gift-gets-tax-notice-itat-explains-when-a-gift-becomes-taxable-4160087/ A woman with an annual income of just Rs 3.4 lakh received a property worth Rs 33 lakh through a registered gift deed

lipped from: https://www.business-standard.com/finance/personal-finance/forex-card-breach-prompt-reporting-can-secure-full-refund-if-no-negligence-126030100870_1.html When not travelling, lock the forex card, keep only a small balance, and switch on alerts Listen to This Article The recent breach

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-matters-of-the-heart/article70655893.ece Should you opt for plan with unlimited sum insured? Q: My wife, Aaruhi (35), was recently diagnosed with a chronic heart condition. As

Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/nri-remittances-and-taxes/article70657685.ece Tax implications of NRI remittances and income for parents, including capital gains and interest taxation guidelines I am an Indian citizen and tax

Clipped from: https://taxguru.in/income-tax/38-important-income-tax-proposed-finance-bill-2026.html The Union Budget 2026–27 proposes wide-ranging amendments across the Income-tax framework to extend compliance timelines, expand correction windows, and recalibrate penalties and interest. Key changes

lipped from: https://taxguru.in/income-tax/reassessment-u-s-148-quashed-addition-recorded-reasonsentire-proceedings-held-invalid-itat-cuttack.html Arpita Jena Vs ITO (ITAT Cuttack) Reassessment u/s 148 Quashed Where No Addition Made on Recorded Reasons; Entire Proceedings Held Invalid – ITAT

Clipped from: https://taxguru.in/income-tax/reassessment-u-s-148-quashed-lack-tangible-material-bogus-ltcg-addition-u-s-68-deleted-itat-chandigarh.html Pawan Garg Vs ITO (ITAT Chandigarh) Reassessment u/s 148 Quashed for Lack of Tangible Material; Bogus LTCG Addition u/s 68 Deleted – ITAT

Clipped from: https://www.taxscan.in/top-stories/gift-of-property-share-from-husband-to-wife-eligible-for-capital-gain-exemption-but-clubbing-and-capital-gains-rules-apply-rules-itat-1421600?TRN300=CEBWzMSUsaUPKegAedYMcbWGACJDwuMKEGAvdYqxgJGMVUfcyMsKJIDqKMsAshMbVwAEDIMSSIeJMk&LKD333=3439104 Observing that the legal transfer of ownership through gift and the reinvestment of capital gains satisfied the conditions under Section 54, the ITAT