Clipped from: https://www.business-standard.com/economy/news/moderate-impact-of-gst-rate-cuts-on-fiscal-deficit-inflation-likely-125090501254_1.html Besides, a cut in the tax rate on nearly one-fourth of the essential and household items contained in inflation basket may lead to
Author: Anil R Tikotekar
GST reforms expected to lower inflation, create room for rate cut | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/gst-reforms-expected-to-lower-inflation-create-room-for-rate-cut-125090501378_1.html A rate cut will also depend on how the central bank assesses growth, post the 50 per cent tariff imposed by the US,
Rebuilding trust: Banks no longer ‘deaf’ to unclaimed depositors’ voice | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/rebuilding-trust-banks-no-longer-deaf-to-unclaimed-depositors-voice-125090700436_1.html Initiative should not only be seen as a financial project but a way to build citizens’ trust in the banking system While banks
*******Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can do – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/facing-data-mismatch-in-form-26as-ais-and-form-16-while-filing-itr-heres-what-you-can-do/articleshow/123785983.cms Facing mismatch in Form 26AS, AIS, and Form 16 while filing ITR? Here’s what you can do Several chartered accountants and associations have
*ITR filing deadline nears: System glitches leave taxpayers racing against time, calls for extension grow – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-itr-filing-deadline-nears-system-glitches-leave-taxpayers-racing-against-time-calls-for-extension-grow-3972123/ ITR filing 2025: As of September 7, only 4.89 crore ITRs had been filed out of 13.35 crore registered individual users. I TR
*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 Sold your property? These 9 Sections in Income Tax Act can help save capital gains tax You can save a significant amount of
*New TDS/TCS statement correction deadline; do it now to avoid tax notice later – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-new-tds/tcs-statement-correction-deadline-do-it-now-to-avoid-tax-notice-later/articleshow/123763040.cms TDS, TCS correction statement deadline announced; Put the correction request now to avoid adverse consequences such as additional tax demands, delayed refunds The Income
*******ITAT allows Income Tax Rebate u/s 87A on STCG under New Regime [Read Order]
Clipped from: https://www.taxscan.in/top-stories/breaking-itat-allows-income-tax-rebate-us-87a-on-stcg-under-new-regime-1430143 The revised computation resulted in a tax liability of ₹13,320 entirely on account of STCG under Section 111A, against which the assessee claimed
*Chartered Accountant’s Error in Form 3CB confirms Addition of IGST Claim of ₹37.92 Lakh: ITAT remands Matter [Read Order]
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
*******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