Clipped from: https://www.businesstoday.in/personal-finance/tax/story/ltcg-up-to-rs125-lakh-you-can-now-skip-itr-2-and-file-using-sahaj-or-sugam-forms-474290-2025-05-01 Until now, even a small amount of LTCG required filing ITR-2. This change makes tax filing simpler and less time-consuming for small investors,
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.
Income Tax Dept notifies ITR-1, ITR-4 forms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/i-t-dept-notifies-itr-1-itr-4-forms/article69509100.ece The due date for filing returns by individuals and entities whose accounts are not subject to audit is July 31, 2025 After a
*****Tax Reassessment Invalidated Due to Procedural Defect in Notice Service Under Section 148 Proceedings
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87893 ITAT adjudicated a tax reassessment case involving procedural … April 30, 2025 Case Laws Income Tax AT ITAT adjudicated
*****Tax Assessment Notices Invalidated Limitation Period Expired Tribunal Order Beyond Statutory Timeframe Renders Notices Null and Void
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87895 HC upheld the petition, declaring assessment notices for AY … April 30, 2025 Case Laws Income Tax HC HC
*****Tax Reassessment Order Upheld Procedural Defects Cured Jurisdictional Challenge Rejected Appellate Remedies Available
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87899 HC dismissed writ petitions challenging tax reassessment order. … April 30, 2025 Case Laws Income Tax HC HC dismissed
Tax Liability After Death Section 93 Requires Legal Representatives Notification Before Proceeding Against Deceased Taxpayer
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87904 HC held that Section 93 addresses tax liability post-death but … April 30, 2025 Case Laws GST HC HC
Procedural Fairness Prevails Notice Defect Invalidates Demand Order Grants Petitioner 30-Day Response Window Under Natural Justice Principles
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87900 HC ruled that the Petitioner was denied natural justice due to … April 30, 2025 Case Laws GST HC
*******Absence of cross-examination vitiates third-party statements: ITAT Nagpur
Clipped from: https://taxguru.in/income-tax/absence-cross-examination-vitiates-third-party-statements-itat-nagpur.html DCIT Vs Sanjay Gaurishankar Agrawal (ITAT Nagpur) 1. Facts of the Case 1.1 The assessee, Shri Sanjay Gaurishankar Agrawal, had received unsecured loans
*****No Tax on LTCG and STCG from equity mutual funds and shares: 4 situations explained – No Tax on LTCG and STCG from equity mutual funds and shares: 4 situations explained BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/paying-capital-gains-tax-on-mutual-fund-gains-know-when-you-can-avoid-473613-2025-04-25 LTCG from listed equity shares or equity-oriented mutual funds, typically taxed at 10% beyond Rs 1.25 lakh in gains, can be exempt if
‘Luxury, not necessity’: Trade body demands 28% GST on e-commerce; seeks crackdown on malpractices – ‘Luxury, not necessity’: Trade body demands 28% GST on e commerce; seeks crackdown on malpractices BusinessToday
Clipped from: https://www.businesstoday.in/india/story/luxury-not-necessity-trade-body-demands-28-gst-on-e-commerce-seeks-crackdown-on-malpractices-473768-2025-04-27 The demand was part of a series of resolutions adopted at CAIT’s two-day National Governing Council meeting held in Bhubaneswar on April 25–26,
Banks see sharp slowdown in retail loans in busiest quarter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-see-sharp-slowdown-in-retail-loans-in-busiest-quarter/article69498138.ece Unsecured loans see steep fall, mortgage loans too see slower growth The tightening of credit underwriting standards on unsecured loans amid tight liquidity
Who’s afraid of small savings scheme? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/whos-afraid-of-small-savings-scheme/article69498288.ece Why banks are nervous over the government’s reluctance to cut interest rates on small savings schemes FUND OF TRUST: Small savings schemes are
RBI’s ‘golden’ rules for lenders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/rbis-golden-rules-for-lenders/article69498314.ece Draft law meant to bridge gaps in gold loan regulation is timely, but needs tweaks GLITTERING COLLATERAL: Weighing the pros and cons of
Goods kept in cold store are not bailment, insurer must honour claims
Clipped from: https://www.business-standard.com/opinion/columns/goods-kept-in-cold-store-are-not-bailment-insurer-must-honour-claims-125042700752_1.html The National Commission disagreed, observing that goods were stored against payment of rent, which could not be termed a bailment The insurer paid
