Clipped from: https://www.business-standard.com/industry/banking/rbi-expects-interest-rates-to-fall-under-new-co-lending-framework-125052201655_1.html RBI met fintech industry bodies to discuss new co-lending norms that propose blended interest rates, which may reduce borrowing costs for digital loan
Author: Anil R Tikotekar
***Income Tax Notices Unanswered as Authorised Representative Hospitalised for Surgery: Madras HC grants Opportunity to File Reply
Clipped from: https://www.taxscan.in/income-tax-notices-unanswered-as-authorised-representative-hospitalised-for-surgery-madras-hc-grants-opportunity-to-file-reply/519032/ The Madras High Court has granted relief to a taxpayer whose authorised representative was hospitalised and unable to respond to income tax notices. The writ
ITR Processing Delay: 78-Year-Old Senior Citizen Waits Over 2 Years, Here’s the Income Tax Dept’s Response
lipped from: https://www.taxscan.in/itr-processing-delay-78-year-old-senior-citizen-waits-over-2-years-heres-the-income-tax-depts-response/518967/ A recent post on social media platform X (previously Twitter) has attracted public attention regarding the excessive delay in accepting for processing the
***Madras HC Upholds Income Tax Notice against Advocate, rules ITR Mandatory for High-Value Withdrawals
Clipped from: https://www.taxscan.in/itr-filing-mandatory-for-high-value-withdrawals-even-for-poa-holders-madras-hc-upholds-income-tax-notice-against-advocate/518940/ In an important ruling, the Madras High Court has ruled that income tax returns ( ITR ) must be filed when you’re withdrawing
*******section 54 exemption: Selling two homes? New tax ruling says you can still save on capital gains | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/selling-two-homes-new-tax-ruling-says-you-can-still-save-on-capital-gains-125051900886_1.html A recent ITAT ruling offers tax relief for those selling two homes and reinvesting in one, easing capital gain worries, especially for joint
ITR-U form notified to allow taxpayers correct errors in previously filed return; check key changes, penalty and more – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-u-form-notified-to-allow-taxpayers-correct-errors-in-previously-filed-return-check-key-changes-penalty-and-more-3851427/ The Central Board of Direct Taxes (CBDT) has notified a new ITR-U (updated income tax return) form to facilitate taxpayers in rectifying errors
***All ITR Forms notified for AY 2025-26 but you still can’t file your income tax return – Find out why – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/all-itr-forms-notified-for-ay-2025-26-but-you-still-cant-file-your-income-tax-return-find-out-why-3850956/ As of May 20, 2025, there is no update on the e-filing portal of the tax department, while forms from ITR-1 to ITR-7
Bhushan Power and Steel case: A test for India’s insolvency regime | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/bhushan-power-and-steel-case-a-test-for-india-s-insolvency-regime-125051901672_1.html In a major reversal, the Supreme Court ruled that the resolution plan for BPSL, approved by the committee of creditors (CoC) and cleared
Can Bhushan Steel run as a going concern? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/can-bhushan-steel-run-as-a-going-concern/article69594929.ece IBC provides for liquidation as a going concern, but this has met with resistance. This option can be explored now With the company
Unlocking AI’s potential – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/unlocking-ais-potential/article69594953.ece Collaboration among govt, tech firms and academia needed Building a Sovereign AI comes with challenges that require sustained investment, policy clarity, and infrastructure
IBC requires urgent reforms to meet demands across various sectors
Clipped from: https://www.business-standard.com/opinion/columns/ibc-requires-urgent-reforms-to-meet-demands-across-various-sectors-125051800780_1.html Court orders and reforms do not compensate for the legislative clarity needed in IBC for sector-specific insolvency processes The Insolvency and Bankruptcy Board
*******Old or new tax regime? A step-by-step guide to choose what’s best for you | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/old-or-new-tax-regime-a-step-by-step-guide-to-choose-what-s-best-for-you-125051900708_1.html The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits popular
*****Got a big gift recently? Here’s how it could trigger a tax surprise | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/got-a-big-gift-recently-here-s-how-it-could-trigger-a-tax-surprise-125051901052_1.html Experts decode how your cash, property, or crypto gifts could quietly land you on the tax radar income tax bill, income tax, tax
MSMEs face credit gap of ₹30 lakh crore, women-owned businesses see highest shortfall: Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/msme/msmes-face-credit-gap-of-30-lakh-crore-women-owned-businesses-see-highest-shortfall-report/article69592602.ece The services sector has a higher credit gap of around 27%, while the gap for women-owned MSMEs is even higher at 35% The