Author: Anil R Tikotekar

Clipped from: https://www.financialexpress.com/business/investing-abroad-us-visa-holders-at-risk-of-deportation-with-new-catch-and-revoke-immigration-rule-3848778/?ref=hometop_hp All temporary visa holders, visitors, and foreign-born professionals with H-1B status are subject to the new one-strike immigration regulation. US has begun to

Clipped from: https://www.business-standard.com/world-news/eat-the-tariffs-donald-trump-tells-walmart-to-not-charge-shoppers-more-125051701270_1.html President Trump criticises Walmart for blaming tariffs on price hikes, urging the retailer to absorb the costs instead. ‘Walmart and China should ‘eat

Clipped from: https://www.business-standard.com/economy/news/us-remittance-tax-plan-may-hit-indian-households-rupee-gtri-125051800228_1.html The provision is part of a broader legislative package titled ‘The One Big Beautiful Bill’ introduced in the US House of Representatives on

Clipped from: https://www.business-standard.com/world-news/us-treasury-chief-dismisses-moody-s-downgrade-amid-trump-tax-cut-debate-125051800685_1.html “I don’t put much credence in the Moody’s” downgrade, Bessent told CNN’s “State of the Union” program House Speaker Mike Johnson separately said

Clipped from: https://taxguru.in/income-tax/sc-quashes-ay-15-16-income-tax-reassessment-notices-post-1st-april-2021.html Deepak Steel And Power Limited Vs Central Board of Direct Taxes & Ors. (Supreme Court of India) Supreme Court of India has nullified

Clipped from: https://www.taxscan.in/how-to-claim-tax-deduction-on-donation-under-income-tax-act1961/416581/ Donating to charity is an act of serving society. The government extends its full support towards charitable services by providing tax deductions on

Clipped from: https://www.taxscan.in/bombay-hc-quashes-income-tax-notice-issued-u-s-148-which-was-beyond-the-time-period-specified-under-statute/517797/ In  a recent case, the Bombay High Court has quashed the notice issued under section 148 of the Income Tax Act, 1961 which

Clipped from: https://www.taxscan.in/gst-interest-penalty-not-applicable-on-reversed-itc-never-availed-or-utilised-from-date-of-claim-of-itc-in-ecrl-madras-hc/507596/?utm_source=signinbutton&utm_medium=txn&utm_campaign=checkoutsigninbtn The Madras High Court, in its recent ruling, favoured in favour of petitioner, ruling that the interest and penalty should not be imposed on the

lipped from: https://www.thehindubusinessline.com/news/world/moodys-strips-us-of-top-credit-rating-amid-soaring-debt-crisis/article69585426.ece This makes Moody’s the third major credit rating agency to lower the federal government’s rating, following S&P in 2011 and Fitch in 2023.

Clipped from: https://www.thehindubusinessline.com/news/world/us-supreme-court-puts-brakes-on-trumps-deportation-push-using-colonial-era-law/article69586244.ece President Trump criticised the decision, claiming it undermines efforts to expel criminals The U.S. Supreme Court on Friday blocked the Trump administration from

Clipped from: https://www.business-standard.com/economy/news/mca-likely-to-widen-pm-internship-scheme-beyond-top-500-companies-125051601470_1.html The age for joining the scheme, according to sources, is also likely to be brought down to accommodate applicants coming from industrial training

Clipped from: https://www.business-standard.com/industry/news/cyberwarfare-signs-govt-on-high-alert-urges-industry-to-boost-security-125051601531_1.html Large groups, MSMEs asked to step up defences Some of these attacks were recorded using advanced and sophisticated spear-phishing campaigns using malware like

Clipped from: https://www.financialexpress.com/money/income-tax-fy25-tax-returns-split-capital-gains-based-on-sale-date-3847626/ FY25 ITR forms require taxpayers to split capital gains based on asset sale date—before or after July 23, 2024—due to tax rate changes.

Clipped from: https://taxguru.in/income-tax/notice-issued-u-s-143-2-type-scrutiny-invalid-itat-kolkata.html Hind Ceramics Pvt. Ltd. Vs DCIT (ITAT Kolkata) ITAT Kolkata held that notice issued u/s. 143(2) of the Income Tax Act without specifying