As many as 90,000 salaried individuals, both from PSUs and the private sector, have withdrawn wrongful tax deductions claims totalling Rs 1,070 crore as of
Author: Anil R Tikotekar
*India’s internet users to exceed 900 mn in 2025, driven by Indic languages | India News – Business Standard
Clipped from: https://www.business-standard.com/india-news/india-s-internet-users-to-exceed-900-mn-in-2025-driven-by-indic-languages-125011600835_1.html Nearly all internet users (98 per cent) accessed content in Indic languages, with Tamil, Telugu, and Malayalam emerging as the most popular due
Dealing with recovery agents: Know your rights, study RBI guidelines | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/dealing-with-recovery-agents-know-your-rights-study-rbi-guidelines-125011601464_1.html File a complaint with the bank’s grievance officer; escalate to the ombudsman or consumer court if unresolved Bank customers must know their rights
*******Non-Response To Notices: ITAT Reduces Penalty Citing Assessee’s Depression & Losses
Clipped from: https://taxguru.in/income-tax/non-response-notices-itat-reduces-penalty-citing-assessees-depression-losses.html Jayasakthi Knit Wear Vs ITO (ITAT Chennai) In the case of Jayasakthi Knit Wear Vs ITO, the Income Tax Appellate Tribunal (ITAT) Chennai addressed
*******Apppellate authorities must decide cases on merits, even in ex parte Cases: Patna HC
Clipped from: https://taxguru.in/goods-and-service-tax/apppellate-authorities-decide-cases-merits-ex-parte-cases-patna-hc.html Silverline Vs State of Bihar (Patna High Court) In the case of Silverline vs State of Bihar, the Patna High Court examined the dismissal
*******ITAT Remands Case for Fresh Adjudication After CIT(A) Denies Fair Hearing
Clipped from: https://taxguru.in/income-tax/itat-remands-case-fresh-adjudication-cita-denies-fair-hearing.html Kamlesh Babalal Shah Vs ACIT (ITAT Ahmedabad) In the case of Kamlesh Babalal Shah Vs. ACIT, the ITAT Ahmedabad reviewed an appeal challenging the
*******Non-Receipt of Hearing Notices: ITAT Sets Aside Ex-Parte Order
Clipped from: https://taxguru.in/income-tax/non-receipt-hearing-notices-itat-sets-aside-ex-parte-order.html Dhaval Nalinbhai Patel Vs DCIT (ITAT Ahmedabad) In the case of Dhaval Nalinbhai Patel Vs. DCIT, the ITAT Chennai addressed an appeal concerning
*******No Income Tax on Cash Gift from Father & Father-in-Law: ITAT Delhi
Read more at: https://taxguru.in/income-tax/income-tax-cash-gift-father-father-in-law-itat-delhi.htmlCopyright © Taxguru.in The assessee, married in February 2011, claimed that the amount comprised gifts of ₹5,00,000 from his father and ₹5,80,000 from
*******10-Year Limit Applies Prospectively, Not Retroactively to Expired Six-Year Limit: Delhi HC
Clipped from: https://taxguru.in/income-tax/10-year-limit-applies-prospectively-retroactively-expired-six-year-limit-delhi-hc.html Sheetal International Private Limited Vs Chief Commissioner of Income Tax (Delhi High Court) In the case of Sheetal International Private Limited Vs Chief Commissioner
*Let the Rupee find its balance – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/let-the-rupee-find-its-balance/3716406/ What’s important is the relative value of the currency vis-à-vis peer currencies and not its absolute value. Since September 1, the rupee has
Putting the ‘A’ (accountability) in AI – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/putting-the-a-accountability-in-ai/3716415/ When transparency, human collaboration, and data privacy form the core of AI systems, it can transform healthcare into a more compassionate ecosystem. As
*Standalone health insurers have the best financial health, IRDAI data show – The Hindu BusinessLine
Why did RBI replace flexible exchange rate with de facto peg against dollar
Clipped from: https://www.business-standard.com/finance/news/why-did-rbi-replace-flexible-exchange-rate-with-de-facto-peg-against-dollar-125011501417_1.html The RBI must come out with an official explanation, but until it does, we can only guess. But there are a few reasonable
Fiscal conditions to constrain credit growth in 2025, says Moody’s | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/india-s-fiscal-conditions-to-constrain-credit-growth-in-2025-moody-s-125011501133_1.html ICRA, in its report on Budget expectations, estimated the fiscal deficit target for FY2026 to be set at 4.5 per cent of GDP
*****A piece of my mind: Budget should target 4% fiscal deficit, trade pacts
Clipped from: https://www.business-standard.com/opinion/columns/a-piece-of-my-mind-budget-should-target-4-fiscal-deficit-trade-pacts-125011501464_1.html In India, after unprecedented 6% drop in real GDP in 2020-21 because of Covid and lockdowns, there was a remarkably strong recovery in
The job question – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/the-job-question/3713303/ While employment numbers are no doubt up, the quality of jobs being generated is important. The upshot is that while employment is up,
Building a cyber-resilient India in the AI era – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/building-a-cyber-resilient-india-in-the-ai-era/3714237/ As AI becomes more integrated into business and daily life, the need for robust cybersecurity measures becomes an imperative for the country. Building
Can we commend privacy? – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/can-we-commend-privacy/3715306/ The civilisation that nurtures its need also produces tech that enables its eradication. Can we commend privacy? By Atanu Biswas The legacy of
AI can redefine healthcare – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/ai-can-redefine-healthcare/3715318/ From early intervention systems that can make faster diagnoses to care delivery optimisation solutions, technology reduces the strain on workers AI can redefine