Author: Anil R Tikotekar
*******NRI’s Property Investment Explained with Bank Statements and Agreements: ITAT Quashes Addition Due to Jurisdictional Error
Clipped from: https://www.taxscan.in/top-stories/nris-property-investment-explained-with-bank-statements-and-agreements-itat-quashes-addition-due-to-jurisdictional-error-1426663 The Tribunal quashed an addition of ₹69.99 lakh under Section 69 of the Income Tax Act, 1961, ruling that the notice issued by
Managing Section 143(2) Income Tax Scrutiny Notices for AY 2024–25: A Guide for Tax Practitioners with Checklist for Taxpayers
Clipped from: https://www.taxscan.in/top-stories/managing-section-1432-income-tax-scrutiny-notices-for-ay-202425-a-guide-for-tax-practitioners-with-checklist-for-taxpayers-1426630 The Income Tax Department has issued a flurry of Income Tax Scrutiny Notices for the Assessment Year 2024-2025, owing ITR-Form 26AS-AIS Mismatches The
Income Tax Filing Checklist for NRIs: What You Must Know Before Filing in India
Clipped from: https://www.taxscan.in/top-stories/income-tax-filing-checklist-for-nris-what-you-must-know-before-filing-in-india-1426618 NRIs should report all Indian income, use the correct ITR form, and check documents carefully to ensure smooth and compliant income tax filing
Bank Passbook Not Regarded as ‘Books of Account’: ITAT Rejects S. 68 Addition Made Without Assessee’s Books [Read Order]
Clipped from: https://www.taxscan.in/top-stories/bank-passbook-not-regarded-as-books-of-account-itat-rejects-s-68-addition-made-without-assessees-books-1426611 The Tribunal concluded that the very basis for applying Section 68 in this instance was lacking, while finding validity in the assessee’s reasoning
Major GST Reforms for MSMEs: CBIC eases Registration and Filing Under QRMP Scheme
Clipped from: https://www.taxscan.in/top-stories/major-gst-reforms-for-msmes-cbic-eases-registration-and-filing-under-qrmp-scheme-1426570 CBIC’s new GST reforms simplify registration and quarterly filing for MSMEs, easing compliance and boosting business growth in India. Micro, Small, and Medium
*****Don’t forget to claim these five deductions for reducing your income tax liability for AY 2025-26 under old tax regime – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/dont-forget-to-claim-these-five-deductions-for-reducing-your-income-tax-liability-for-ay-2025-26-under-old-tax-regime/articleshow/122176200.cms Claim these five tax deductions for reducing your income tax liability for AY 2025-26 under old tax regime It’s been a while since
Home loan growth primarily driven by existing borrowers: Financial Stability Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/home-loan-growth-primarily-driven-by-existing-borrowers-financial-stability-report/article69756063.ece Non-home loans, which are mostly used for consumption purposes, formed 55% of total household debt as of March 2025 Housing loans, which form
Editorial. GST @ 8 – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/gst-8/article69755972.ece The tax has helped ease doing business, but glitches remain The Goods and Services Tax has come a long way since its inception
‘One small mistake in this segment can cost you…’: CA warns taxpayers ahead of new ITR deadline – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/one-small-mistake-in-this-segment-can-cost-you-ca-warns-taxpayers-ahead-of-new-itr-deadline-482411-2025-06-30 Filing your income tax return can get tricky if you’ve earned capital gains from stocks, mutual funds, or property. Experts warn that picking
Doctors at the heart of the AI revolution – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/doctors-at-the-heart-of-the-ai-revolution/article69756779.ece AI gives doctors more time for what matters — direct patient interaction and complex problem-solving. AI isn’t here to take over, but to
Doctors must look after themselves – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/doctors-must-look-after-themselves/article69756543.ece On the toughest days, reconnect with the reason you chose to become a doctor. Remember the lives you’ve saved and give yourself the