Read more at:https://economictimes.indiatimes.com/wealth/tax/property-dealer-deposits-rs-54-lakh-cash-in-bank-files-no-itr-gets-tax-notice-does-not-respond-wins-case-in-itat-delhi-know-why/articleshow/133198532.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Rathee, a property dealer from Rohtak, Haryana, found himself in hot water with the income tax department after he deposited Rs
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.
ITAT Allows Section 54 Deduction Despite Residential Flat Completion Beyond Three Years
Read more at: https://taxguru.in/income-tax/itat-section-54-deduction-residential-flat-completion-years.html Copyright © Taxguru.in The Tribunal examined Section 54 and observed that the provision requires the assessee to purchase or construct a residential
Reassessment on Same Material Is Change of Opinion
Read more at: https://taxguru.in/income-tax/hyderabad-itat-reassessment-material-change-opinion.html Copyright © Taxguru.in Shikha Kedia Vs ITO (ITAT Hyderabad) Original Scrutiny Assessment and Cash Deposits Reopening of Assessment Under Section 148 Department’s
UPI, NEFT, RTGS or IMPS: When can your digital payments come under the Income Tax Department’s scanner?
A common trigger is when substantial amounts are credited to a bank account but are not reflected as business receipts, professional income, investment proceeds or
PPF rules for NRIs: What happens to your account after moving abroad or becoming a foreign citizen?
Moving abroad can change how you manage your Public Provident Fund (PPF) account, especially if you become a Non-Resident Indian (NRI) or later acquire foreign
Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?
Read more at:https://economictimes.indiatimes.com/wealth/tax/presumptive-taxation-for-professionals-the-50-rule-remains-but-what-changes-for-deductions-and-losses-under-the-new-tax-act/articleshow/133171653.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Ahead of the August 31, 2026 due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27 for individuals engaged in business or profession,
From reels to episodes: 80% Indians embrace microdrama as new entertainment habit
Read more at:https://economictimes.indiatimes.com/industry/media/entertainment/media/from-reels-to-episodes-80-indians-embrace-microdrama-as-new-entertainment-habit/articleshow/133192716.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short,
RBI Governor–[1] Artificial Intelligence is not a single technology to be procured, nor a project to be completed. It is a new way of doing business, of running a bank [2] He said banks to decide whether they will deliberately shape their AI journey or allow the technology to shape them by default.–Courtesy FE
AI new way of running a bank’ RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks
Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITAT
Read more at:https://economictimes.indiatimes.com/wealth/tax/paid-rs-6-5-crore-and-bought-a-property-with-stamp-duty-value-of-rs-8-85-crore-got-income-tax-notice-for-unexplained-investment-he-fought-back-won-relief-in-itat/articleshow/133149184.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When a property buyer from Veera Desai Road, Andheri West, Mumbai purchased a property in Pune for Rs 6.5 crore in AY 2017-18, he
*****‘AI new way of running a bank’: RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks
Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged Indian banks to embrace artificial intelligence (AI) as a major tool to transform lending, financial inclusion, customer service, operational efficiency
Senior citizen couple was denied full access to their reserved berths due to overcrowding; they pursued the matter against Indian Railways in consumer commission and won Rs 50,000 in damages
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/senior-citizen-couple-was-denied-full-access-to-their-reserved-berths-due-to-overcrowding-they-pursued-the-matter-against-indian-railways-in-consumer-commission-and-won-rs-50000-in-damages/articleshow/133150767.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst waiting list and ticketless passengers occupying their reserved seats. They requested the occupants to vacate their reserved seats, but the occupants refused
Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reason
Read more at:https://economictimes.indiatimes.com/wealth/tax/sold-property-for-rs-94-lakh-despite-a-stamp-value-of-rs-1-93-crore-received-an-income-tax-notice-under-section-50c-itat-chennai-grants-relief-for-this-reason/articleshow/133100955.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Pragalanadane from the ERI Scheme Moggappair, West Chennai, sold a property in Chennai for Rs 94 lakh during AY 2017-18. However,
