Clipped from: https://www.taxscan.in/top-stories/chartered-accountants-error-in-form-3cb-confirms-addition-of-igst-claim-of-3792-lakh-itat-remands-matter-1431776 The Tribunal observed on the Form 3CB submitted by the Chartered Accountant, which recorded the disputed IGST figure under the head “Not paid
Author: Anil R Tikotekar
मी यापूर्वी बँक ऑफ महाराष्ट्र मध्ये क्षेत्रीय अधिकारी म्हणून काम करत होतो. मुंबई, पुणे, सोलापूर, कोल्हापूर व लातूर येथे काम करण्याचा अनुभव आहे . १६ वर्षे मनेजर म्हणूनही काम केले आहे तसेच बँक ऑफ महाराष्ट्र मधील ट्रेनिंग कॉलेज मध्ये शिकवण्याचा देखील अनुभव आहे. माझा इमेल aniltikotekar@gmail.com असा आहे. माझी website अजून चांगली कशी होईल याबाबत सूचनांचे स्वागतच आहे. कोणत्याही आर्थिक फायदा मिळवावा अशा हेतूने ही website सुरु केलीली नाही याची नोंद वाचकांनी घेणे गरजेचे आहे. तसेच या संकेतस्थळावर दिला गेलेला सल्लाअमलात आणण्याआधी आपल्या आर्थिक बाबी माहित असण्याऱ्या व्यक्तींचा [ जसे की CA ] सल्ला घ्यावा. समाजातील काही घटनांना थोडीशी जरी मदत झाली तरी हा प्रयत्न थोडाफार तरी यशस्वी झाला असे म्हणता येईल.
*******Only Registered Sale Agreements Eligible of Capital Gain Exemption u/s 54: ITAT says Unregistered Agreement Lacks Evidentiary Value
Clipped from: https://www.taxscan.in/top-stories/only-registered-sale-agreements-eligible-of-capital-gain-exemption-us-54-itat-says-unregistered-agreement-lacks-evidentiary-value-1426518 The Tribunal ruled that an unregistered sale agreement for the purchase of property does not constitute a valid transfer for claiming exemption under
*******ITAT Mumbai Sends Back NRI Case Over Non-Service of Section 148 Notice
Clipped from: https://taxguru.in/income-tax/itat-mumbai-sends-nri-case-non-service-section-148-notice.html Juzer Saifuddin Boriyawala Vs ITO (ITAT Mumbai) NRI Never Served Notice – ITAT Mumbai Restores Case on Validity of Reopening; CIT(A) Erred in Treating
*******GST 2.0: Towards simpler and citizen-centric indirect tax regime | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/gst-2-0-towards-simpler-and-citizen-centric-indirect-tax-regime-125090801127_1.html The GST Council’s efforts at rationalisation have steadily lowered the system’s complexity while sustaining revenue buoyancy The 56th meeting of the Goods and
*******Officials explore input tax credit fixes for smooth GST transition | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/officials-explore-input-tax-credit-fixes-for-smooth-gst-transition-125090801362_1.html Suggest allowing unused ITC for SGST payments, Customs duty offsets, or tradable scrips The meeting, chaired by Cabinet Secretary T V Somanathan, was
*******प्राप्तिकर कायदा आणि तोट्याच्या तरतुदी – Article in Loksatta
Clipped from: https://www.loksatta.com/business/personal-finance/income-tax-act-and-loss-provisions-print-eco-news-amy-95-5359651/ भांडवली बाजारातील चढ-उतारांमुळे गुंतवणूकदारांना कधी नफा होतो तर कधी तोट्यालादेखील सामोरे जावे लागते. तसेच जे करदाते उद्योग-व्यवसाय करतात त्यांना नफा किंवा तोटा होतो.
*Are you an F&O trader? A CA reveals the No. 1 mistake that triggers income tax notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/are-you-an-fo-trader-a-ca-reveals-the-no-1-mistake-that-triggers-income-tax-notice-492859-2025-09-06 You can’t set off F&O losses against salary. But you can carry them forward up to 8 years and use them against business
*Property sale? Here’s the ITR mistake that could cost you lakhs in capital gains tax – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/property-sale-heres-the-itr-mistake-that-could-cost-you-lakhs-in-capital-gains-tax-492910-2025-09-07 Section 54 provides relief for gains arising from the sale of a long-term residential house, while Section 54F covers gains from any other
*******ITR deadline alert: 5 mistakes that could cost your refund or trigger a tax notice – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-deadline-alert-5-mistakes-that-could-cost-your-refund-or-trigger-a-tax-notice-492914-2025-09-07 With taxpayers increasingly relying on Form 16, AIS/TIS pre-fill data, and online portals, there’s a growing belief that things can’t go wrong. But
*Waiting for GST free insurance? You could lose big if your renewal is due before Sept 22 – BusinessToday
lipped from: https://www.businesstoday.in/personal-finance/tax/story/waiting-for-gst-free-insurance-you-could-lose-big-if-your-renewal-is-due-before-sept-22-492950-2025-09-08 From September 22, premiums on individual life and health insurance policies will be exempt from GST, reducing the cost burden on policyholders. For
From houses to farmland: 9 ways to save capital gains tax on property sales under Income Tax Act – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/from-houses-to-farmland-9-ways-to-save-capital-gains-tax-on-property-sales-under-income-tax-act-493098-2025-09-08 Most individuals are familiar with Section 54 (sale of residential property and reinvestment in another) and Section 54F (sale of any other capital
Income Tax Act 2025: CA explains big terminology shifts for taxpayers and professionals – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-act-2025-ca-explains-big-terminology-shifts-for-taxpayers-and-professionals-493111-2025-09-08 The current Income-tax Act, 1961 will be repealed from April 1, 2026. However, it will continue to govern pending cases and assessments from
Sold your house property or land? These nine sections in Income Tax law can help save capital gains tax – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/sold-your-house-property-or-land-these-9-sections-in-income-tax-law-can-help-save-capital-gains-tax/articleshow/123758347.cms ET OnlineSold your property? These 9 Sections in Income Tax Act can help save capital gains tax (representative image) You can save a
GST 2.0: CBIC clarifies social media claims about transition benefits under revised GST rules are false – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/gst-2-0-cbic-clarifies-social-media-claims-about-transition-benefits-under-revised-gst-rules-are-false/articleshow/123762504.cms ET OnlineClaims of transition benefits under GST are false The Central Board of Indirect Taxes and Customs (CBIC) has dismissed a viral message
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