Clipped from: https://www.financialexpress.com/money/your-income-tax-queries-answered-fampo-losses-hra-for-parents-and-foreign-share-gains-3990903/ Get clarity on key income tax rules for Indian residents. Learn if Futures & Options (F&O) losses can be set off against Long-Term
Author: Anil R Tikotekar
*Do I have to pay income tax if I gift a flat to my wife? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/do-i-have-to-pay-income-tax-if-i-gift-a-flat-to-my-wife/articleshow/124151569.cms Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us
*Wedding Gifts Not Taxable under Income Tax: ITAT deletes ₹10 Lakh Cash Deposit Addition [Read Order]
ITAT held that the wedding gifts were customary and exempt from tax. They also deleted ₹10 lakh under section 69A, and allowed ₹10,000 deduction under
*JDA Does Not Constitute Transfer u/s. 2(47): ITAT Deletes Capital Gains Addition on Security Deposit [Read Order]–[ Read the last para which says it was a security deposit which was refundable ]
Clipped from: https://www.taxscan.in/top-stories/jda-does-not-constitute-transfer-u-s-itat-deletes-capital-gains-addition-on-security-deposit-1433422 The tribunal examined the collaboration agreement which revealed that the ₹5 crore was a security deposit and not sale consideration, and that possession
*******Functioning of GST Appellate Tribunal
Clipped from: https://taxguru.in/goods-and-service-tax/functioning-gst-appellate-tribunal.html The Appellate Tribunal is the second level of appeal, where appeals can be filed against the orders-in-appeal passed by the Appellate Authority or
*Delhi HC Upholds Order sets aside Income Tax Notice issued u/s 153C Beyond Six years [Read Order]
Clipped from: https://www.taxscan.in/top-stories/delhi-hc-upholds-order-sets-aside-income-tax-notice-issued-us-153c-beyond-six-years-1433534 The notice issued under Section 153C for AY 2010-11 is much beyond six years In a recent case, the Delhi High Court upheld the order
RBI mandates stronger two-factor authentication in new guidelines | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-two-factor-authentication-digital-payments-guidelines-2026-125092501154_1.html RBI has mandated two-factor authentication for all digital payments from April 2026, with guidelines allowing biometrics, tokenisation and risk-based checks alongside OTPs The
Medical negligence: Documentation, expert opinion key to court success
Clipped from: https://www.business-standard.com/finance/personal-finance/medical-negligence-documentation-expert-opinion-key-to-court-success-125092500946_1.html The complaint must be filed in the right forum and within the limitation period Paliwal notes that landmark judgments from the Supreme Court
*******Section 148 Reassessment Notices Must Follow Faceless Procedure: Delhi HC
Clipped from: https://taxguru.in/income-tax/section-148-reassessment-notices-follow-faceless-procedure-delhi-hc.html Mehak Jagga Vs ITO (Delhi High Court) The Delhi High Court has dismissed a petition filed by Mehak Jagga challenging a reassessment notice issued by
*******What the IBC Amendment Bill tries to fix – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/what-the-ibc-amendment-bill-tries-to-fix/article70089843.ece Streamlining process delays, enforcing promoter responsibility, and curbing judicial ambiguity are the key objectives The Insolvency and Bankruptcy Code (IBC) has steadily evolved
*******Should rupee depreciation be stalled? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/should-rupee-depreciation-be-stalled/article70089335.ece It’s time to leave the rupee alone as the inflation situation is far better now and the weakened rupee would help exporters Rupee
*******In a clear change of strategy, govt turns to tax benefits to boost demand
Clipped from: https://www.business-standard.com/opinion/columns/govt-turns-to-tax-benefits-to-boost-demand-faces-fresh-challenges-125092301396_1.html The ‘Festival of Savings’ appears to be the new policy instrument to revive and sustain growth A major takeaway from Prime Minister Narendra
*******Justice in India: Cost, language, and distance keep millions unheard | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/justice-in-india-cost-language-and-distance-keep-millions-unheard-125092401493_1.html Justice in India remains unequal as cost, language, and distance exclude millions – but reforms in legal aid, technology, and regional languages can
*******GSTAT launch: One forum for state, Centre GST appeals, says FM Sitharaman | Finance News – Business Standard
lipped from: https://www.business-standard.com/finance/news/gstat-launch-one-forum-for-state-and-centre-gst-appeals-says-fm-125092401381_1.html Sub heading: 4.8 lakh pending appeals to be heard, says GSTAT Head Mishra Calling the GSTAT a “one-stop solution” for taxpayers, Sitharaman said
*******GSTAT rollout from Oct to ease GST litigation and unlock business capital | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/gstat-operationalization-to-unlock-capital-and-ease-gst-litigation-125092401270_1.html The GST Appellate Tribunal will begin phased rollout in October 2025 with digital filing, faster appeals, and backlog clearance to ease GST litigation
Insurance complaints up 45% in Q2 2025, most about health policies: Report | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/insurance-complaints-up-45-in-q2-2025-most-about-health-policies-report-125092401017_1.html Younger customers most active in disputing claims and policies, says Insurance Samadhan Listen to This Article Complaints about insurance almost doubled in the
*******Unexplained Income Provisions: Sections 68, 69, 69A, 69B, 69C & 69D
Clipped from: https://taxguru.in/income-tax/unexplained-income-provisions-sections-68-69-69a-69b-69c-69d.html Unexplained Income Provisions: Sections 68, 69, 69A, 69B, 69C & 69D of the Income-tax Act, 1961 Executive Summary This article analyses Sections 68,