Author: Anil R Tikotekar
*******How to file ITR online: Step-by-step guide for e-filing income tax return for AY2025-26 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-file-itr-online-step-by-step-guide-for-e-filing-income-tax-return-for-ay2025-26-3865728/ Though ITR filing can still be done via offline and online mode both, most taxpayers nowadays prefer filing ITR online using the Income
State-run general insurers may need Rs 17,000-crore capital to meet solvency norms in FY26: Icra – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/state-run-general-insurers-may-need-rs-17000-crore-capital-to-meet-solvency-norms-in-fy26-icra-3866125/ State-run general insurers may need Rs 15,200-17,000 crore capital infusion by FY26 to meet solvency norms, says Icra. Weak profitability and high combined
*******Sec 56(2)(x) Covers All Immovable Properties, Including Agricultural Land
Clipped from: https://taxguru.in/income-tax/sec-562x-covers-all-immovable-properties-including-agricultural-land.html Clayking Minerals LLP Vs ITO (ITAT Ahmedabad) Sec 56(2)(x) applies to any immovable property, including agricultural land & when the assessee disputes stamp
*******Delhi HC: Income Tax Notice Dispatch Date Prevails Over Digital Signature Date, upholds Notice issued on Basis of SC Judgment
Clipped from: https://www.taxscan.in/income-tax-notice-dispatch-date-prevails-over-digital-signature-date-delhi-hc-upholds-notice-issued-on-basis-of-sc-judgment/523584/ The Court explained that the notification and the actions that followed were legally tenable since the Assessing Officer’s actions and procedural safeguards were
*******India’s health insurance sector faces growth and profitability challenges: Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indias-health-insurance-sector-faces-growth-and-profitability-challenges-report/article69647529.ece A recent report by Elara Capital has highlighted that both growth and profitability in the sector are being affected, which may redefine the
India tops ChatGPT usage: AI Trends Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/india-tops-chatgpt-usage-ai-trends-report/article69647711.ece India now accounts for 13.5% of global ChatGPT users pushing the US to second at 8.9% and Indonesia at 5.7% users The number
*******ITR-1, ITR-4 utilities released: How to use them for easier tax filing | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/itr-1-itr-4-utilities-released-how-to-use-them-for-easier-tax-filing-125060200522_1.html Here’s how you can easily fill and file your tax returns offline before uploading them to the portal through the newly released excel
*******Faked a tax deduction? New ITR rules could slap you with 200% penalty and prosecution – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/faked-a-tax-deduction-new-itr-rules-could-slap-you-with-200-penalty-and-prosecution-478605-2025-06-02 Education and home loan benefits under Sections 80E, 80EE, and 80EEA now require detailed disclosures, including lender names, loan account numbers, and sanction
*******ITR filing for AY2025-26 begins for THESE taxpayers: Over 54K income tax returns filed in 3 days – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-for-ay2025-26-begins-for-these-taxpayers-over-54k-income-tax-returns-filed-in-3-days-3865347/ This year there has been a significant delay in both notifying the ITR forms and updating online & offline utilities to support tax
*******GST ITC Reversal: Fire, Theft & Damaged Goods
Clipped from: https://taxguru.in/goods-and-service-tax/gst-itc-reversal-fire-theft-damaged-goods.html Summary: Under Section 17(5)(h) of the CGST Act, Input Tax Credit (ITC) is restricted for goods lost, stolen, destroyed, written off, or disposed