Clipped from: https://www.thehindubusinessline.com/economy/some-exemptions-likely-in-new-income-tax-regime-inflation-adjusted-income-tax-slabs-possible-rakesh-nangia/article69136444.ece Rakesh Nangia, Managing Partner at Nangia & Co LLP, elaborates on some of the prospective changes the income tax regime may witness after
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.
Tax reforms vs inflation: Navigating the Indian tax system in the face of inflation – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-reforms-vs-inflation-navigating-the-indian-tax-system-in-the-face-of-inflation/article69135758.ece Currently, there is no mechanism linking tax slabs and the amount of exemptions and deductions with the rate of inflation Over the past
AI essential for business transformation, no longer an option: Publicis CEO | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/ai-essential-for-business-transformation-no-longer-an-option-publicis-ceo-125012500917_1.html Asked about the risks posed by AI, he said, “I don’t think AI is an option anymore and it is going to pervasively
*****Indian banks’ credit cost key monitorable for foreseeable future, Fitch Ratings official says – The Hindu BusinessLine
https://www.thehindubusinessline.com/money-and-banking/indian-banks-credit-cost-key-monitorable-for-foreseeable-future-fitch-ratings-official-says/article69135783.ece Clipped from: https://www.thehindubusinessline.com/money-and-banking/indian-banks-credit-cost-key-monitorable-for-foreseeable-future-fitch-ratings-official-says/article69135783.ece Credit costs play a critical profitability factor for Indian banks, as evidenced during the last major asset quality downturn, and will remain
*IBC cases slow down as banks reconsider recovery approach – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/ibc-cases-slow-down-as-banks-reconsider-recovery-approach/article69136006.ece Extended delays erode NPA values, forcing banks to reassess the mechanism The Insolvency and Bankruptcy Code (IBC), once hailed as a transformative resolution mechanism,
*Financial institutions need to have another aggregator to protect them from frauds: DFS Secy Nagaraju – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/financial-institutions-need-to-have-another-aggregator-to-protect-them-from-frauds-dfs-secy-nagaraju/article69136275.ece That financial institutions need to remain vigilant, upskill their employees, and put in efforts to maintain customer trust and institutional stability In the
*Insurance coverage. Reimbursement of hospitalisation expenses needs to improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/insurance-coverage-reimbursement-of-hospitalisation-expenses-needs-to-improve/article69137502.ece The disparity between the coverage rates and actual reimbursements highlights the urgent need for comprehensive reforms in the design and implementation of health
*****CBIC notifies rules for entities to get temporary GST identification number | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/cbic-notifies-rules-for-entities-to-get-temporary-gst-identification-number-125012400550_1.html Under Goods and Services Tax (GST) rules, registration is mandatory for businesses with an annual turnover of Rs 40 lakh and Rs 20
☆Will take back Indian illegal immigrants, says MEA amid Trump crackdown | World News – Business Standard
“For Indians not just in the United States, but anywhere in the world, if they are Indian nationals and they are overstaying, or they are
*******RBI asks banks to uses tool that identifies phone numbers to curb fraud | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-asks-banks-to-uses-tool-that-identifies-phone-numbers-to-curb-fraud-125012400390_1.html Regulator asks financial institutions to use special number series for promotional voice calls The Reserve Bank of India (RBI) has issued new guidelines for banks,
*****Weaker rupee seen as boost for exports, but reality is more complex: FIEO | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/weaker-rupee-may-boost-exports-but-challenges-complicate-reality-fieo-prez-125012401292_1.html Explaining it further, he said, that if the rupee depreciates by 2 per cent and the currencies of key competitors decline by 3-5
*****Budget 2025-26: Five key focus areas to accelerate growth amid uncertainty | Expert Views – Business Standard
lipped from: https://www.business-standard.com/opinion/columns/budget-2025-26-five-key-focus-areas-to-accelerate-growth-amid-uncertainty-125012301560_1.html A push to manufacturing through these clusters will help us capitalise on the China-plus-one opportunity presented globally Listen to This Article The Union
*****Echoes of the 1980s: Inflation, wars, and slowing growth resurface globally | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/echoes-of-the-1980s-inflation-wars-and-slowing-growth-resurface-globally-125012401665_1.html The decade was also marked by the so-called “Star Wars”. This was an American effort to bankrupt the USSR by pretending to develop
Ombudsman disposed of 95% of complaints received in FY24, says RBI | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/ombudsman-disposed-of-95-of-complaints-received-in-fy24-says-rbi-125012401605_1.html Complaints against banks and NBFCs represented 82.28 per cent and 14.53 per cent of the total complaints, respectively. Loans, advances formed the largest
*******Mumbai High Court Judgement–Section 87A–Courtesy Mr. Amey Sane
https://taxguru.in/income-tax/addition-ltcg-property-transfer-u-s-2-47-required-verification-buyer-possession-receipt-consideration.html Sane-Sec 87A – CTC – Bom HC – 24.01.2025
*******Reassessment on issues not considered in Original Assessment is valid: Bombay HC
Clipped from: https://taxguru.in/income-tax/reassessment-issues-considered-original-assessment-valid-bombay-hc.html Sanjay Ratra Vs ACIT (Bombay High Court) In Sanjay Ratra vs. ACIT, the Bombay High Court dismissed a petition challenging reassessment proceedings initiated under
*******Addition u/s. 68 towards bogus LTCG untenable due to lack of adequate evidence
Clipped from: https://taxguru.in/income-tax/addition-u-s-68-bogus-ltcg-untenable-due-lack-adequate-evidence.html Sheela Ashok Bafna Vs ITO (ITAT Mumbai) ITAT Mumbai held that disallowance of claim of exemption u/s. 10(38) on alleged bogus LTCG untenable
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