Clipped from: https://www.taxscan.in/top-stories/time-limits-for-income-tax-action-what-taxpayers-must-know-1431351 The Income Tax Department cannot keep past returns open for scrutiny indefinitely. The law prescribes strict timelines within which tax officers can initiate
Author: Anil R Tikotekar
*****Addition of Rs. 6.75 Lakh Gifts from Sister and Father-in-Law by AO: ITAT Deletes Addition, Accepts Proof of Receipt [Read Order]
Clipped from: https://www.taxscan.in/top-stories/addition-of-lakh-gifts-from-sister-and-father-in-law-by-ao-itat-deletes-addition-accepts-proof-of-receipt-1431323 The assessee had received Rs. 3.75 lakh from his sister from the sale of agricultural land, collected as her power of attorney, and
*******Taxpayers flag AIS errors on social media as ITR deadline nears; I T dept responds – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/taxpayers-flag-ais-errors-on-social-media-as-itr-deadline-nears-i-t-dept-responds-491441-2025-08-28 With the ITR filing deadline 2025 fast approaching, taxpayers are flagging errors in their Annual Information Statement (AIS) on social media, raising concerns
*ITR Filing 2025: 18 more days left, keep THESE key documents ready to avoid penalties – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-18-more-days-left-keep-these-key-documents-ready-to-avoid-penalties-3960119/ With the government extending the ITR filing deadline for FY 2024-25 (AY 2025-26) to September 15, 2025 for those not required to get
Validation, loneliness, insecurity: Why young people are turning to ChatGPT | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/validation-loneliness-insecurity-why-young-people-are-turning-to-chatgpt-125080300135_1.html Experts warn that this digital “safe space” is creating a dangerous dependency, fueling validation-seeking behaviour, and deepening a crisis of communication within families
ChatGPT can’t be your therapist anymore, emotionless , here’s what has changed and why | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/chatgpt-can-t-be-your-therapist-anymore-here-s-what-has-changed-and-why-125081200581_1.html Curious why ChatGPT is no longer your go-to confidant? OpenAI now limits emotional advice, pushing users toward real-world support. Know what has changed