Clipped from: https://www.business-standard.com/industry/news/cas-on-par-with-advocates-for-itat-appointments-rules-supreme-court-125112101067_1.html The Supreme Court has ruled that chartered accountants with ten years’ experience can qualify for ITAT membership, striking down the earlier 25-year requirement
Author: Anil R Tikotekar
IT Rules likely to be amended to curb fake news and defamation | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/it-rules-likely-to-be-amended-to-curb-fake-news-and-defamation-125112101176_1.html The government is considering major amendments to the IT Rules 2021 to restrict obscene, defamatory or misleading digital content and introduce stricter content
Insurance industry takes ₹10,000 crore hit each year on frauds: Report | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/insurance-fwa-drains-rs10000cr-each-year-bcg-mediassist-report-125112101199_1.html A new BCG-Medi Assist report highlights how fraud, waste, and abuse are eroding insurer margins, inflating premiums and weakening sectoral RoE, with mid-ticket
Zomato, Swiggy to give up to 2% yearly turnover for welfare of gig workers | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/gig-workers-welfare-aggregators-turnover-contribution-125112101188_1.html Food delivery and quick commerce platforms like Zomato, Swiggy and Zepto must now contribute up to 2 per cent of their turnover for
New Labour Codes to address grievances in IT industry properly: Nasscom | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/new-labour-codes-to-address-grievances-in-it-industry-properly-nasscom-125112101288_1.html The industry body said the Codes will bring clearer terms, stronger protections and uniform benefits for contract, gig and platform workers Nasscom said
Centre pushes labour reforms, notifies codes; draft rules out soon | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/centre-pushes-labour-reforms-notifies-codes-draft-rules-out-soon-125112101259_1.html Govt to soon put draft rules in public domain for consultation The new codes mandate aggregators to contribute 1-2 per cent of the
*******Ex-Parte Assessment Remanded as Assessee Was Abroad & Notice not Communicated by Consultant
Clipped from: https://taxguru.in/income-tax/ex-parte-assessment-remanded-assessee-notice-communicated-consultant.html Balwinder Pal Singh Vs ITO (ITAT Chandigarh) The appeal concerns the assessee’s challenge to the order dated 06.03.2025 issued by the Commissioner of
*******Cash Deposit Linked to Property Sale: ITAT Sends Matter Back for Fresh Examination
Clipped from: https://taxguru.in/income-tax/cash-deposit-linked-property-sale-itat-sends-matter-fresh-examination.html Ranjit Singh Vs ITO (ITAT Chandigarh) The assessee filed an appeal before the Income Tax Appellate Tribunal, Chandigarh, challenging the order of the
*******Paying sister’s EMI? Get deed registered for part-ownership – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-loan-queries-answered-paying-sisters-emi-get-deed-registered-for-part-ownership-4052059/ Get expert answers to critical personal finance questions, including the legalities of paying EMIs for a sibling’s home loan and transferring the property.
*Ignoring mismatch notice may result in a tax demand – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/ignoring-mismatch-notice-may-result-in-a-tax-demand-4052070/ Taxpayers are increasingly getting system-generated intimations under Section 143(1)(a) for discrepancies in returns filed and annual information statement (AIS) or Form 26AS. They must respond by
GST registration to be suspended if you do not give bank account details at the earliest; These taxpayers get exemption from this – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/gst-registration-to-be-suspended-if-you-do-not-give-bank-account-details-at-the-earliest-these-taxpayers-get-exemption-from-this/articleshow/125463717.cms Listen to this article in summarized format The Goods and Services Tax Network (GSTN) in an advisory dated November 20, 2025 has said the changes
Wife tears alone doesn’t amount to cruelty, rules Bombay HC, quashes 498A case against husband and his parents – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wife-tears-alone-doesnt-amount-to-cruelty-rules-bombay-hc-quashes-498a-case-against-husband-and-his-parents/articleshow/125458391.cms Listen to this article in summarized format On November 4, 2025, the Bombay High Court ruled that a husband and his parents can’t be convicted of cruelty
Are banks ready to adopt the new nomination rules? – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/are-banks-ready-to-adopt-the-new-nomination-rules/article70299870.ece Allowing more than one nominee for deposits and lockers is welcome. But banks need more time to align software systems New norms: Customer-friendly
Over 3.6 lakh Indians study in US: What draws them despite tough visa rules | Immigration News – Business Standard
Clipped from: https://www.business-standard.com/immigration/over-3-6-lakh-indians-study-in-us-what-draws-them-despite-tough-visa-rules-125112000921_1.html India remained the largest source of international students in the US in 2024-25, with over 360,000 enrolments, even as early 2025 brought a
Editors Guild says DPDP Rules leave key concerns for journalists unresolved | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/editors-guild-flags-concerns-over-dpdp-rules-125111901271_1.html The Editors Guild of India has warned that the newly notified DPDP Rules could burden journalists with consent obligations and risk chilling reportage
*******Your wrong tax refund claim can raise a red flag leading to tax notices and even jail in case of under-reporting of income; here’s how to avoid it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/your-wrong-tax-refund-claim-can-raise-a-red-flag-leading-to-tax-notices-and-even-jail-in-case-of-under-reporting-of-income-heres-how-to-avoid-it/articleshow/125453570.cms Your tax refund claim can raise a red flag leading to tax notices and even jail in case of under-reporting of income; here’s how to avoid it
*******Is it legal to transfer money to wife’s account to save taxes? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/is-it-legal-to-transfer-money-to-wifes-account-to-save-taxes/articleshow/125438086.cms Many taxpayers find various ways to save tax, but sometimes they follow unconventional ways, such as transferring the amount to another person’s account