Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-act-2025-5-things-that-will-change-for-taxpayers-when-new-laws-replace-old-rules/articleshow/126477339.cms As the Financial Year 2026-27 begins from April 1, 2026, New Income Tax Act, 2025 will come into effect in India. With an aim
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.
*Accountant Illness & Business Closure Not Valid Grounds to Extend GST Limitation
Clipped from: https://taxguru.in/goods-and-service-tax/accountant-illness-business-closure-valid-grounds-extend-gst-limitation.html Tapi Ready Plast Vs State of Gujarat & Ors (Gujarat High Court) The writ petition challenged the rejection of a statutory GST appeal
*Renewing motor policy: When less can be more – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/renewing-motor-policy-when-less-can-be-more/article70497395.ece Logically, the renewal premium should be lower since the sum insured reduces each year, yet it remains unchanged, or is even higher and
*’India is not so dependent on US, has alternatives’: Ex RBI MPC member plays down trade deal risks – BusinessToday
Clipped from: https://www.businesstoday.in/latest/economy/story/india-is-not-so-dependent-on-us-has-alternatives-ex-rbi-mpc-member-plays-down-trade-deal-risks-510328-2026-01-11 ‘Today, emerging markets account for more than 50% of world growth, and the US will find that people will develop alternatives if they
*Your Rs 12 lakh annual income isn’t fully tax-free if it includes this component – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/budget-2026-your-rs-12-lakh-annual-income-isnt-fully-tax-free-if-it-includes-this-component-4103704/ The Union Budget 2025 brought massive relief to middle-class taxpayers by making annual income up to Rs 12 lakh tax-free under the new
*******India’s proposed smartphone security rules that are worrying tech firms – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/indias-proposed-phone-security-rules-that-are-worrying-tech-firms-apple-google-samsung-xiaomi/articleshow/126463346.cms Synopsis India is proposing new security rules for smartphone makers. These rules include source code disclosure and background permission restrictions for apps. Companies
*******India proposes forcing smartphone makers to give source code in security overhaul – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/cons-products/electronics/india-proposes-forcing-smartphone-makers-to-give-source-code-in-security-overhaul-apple-samsung/articleshow/126463149.cms Synopsis India is proposing new security rules for smartphones. These include sharing source code and making software changes. Tech companies like Apple and
*******Fearing de-dollarisation: On the U.S., oil and the petrodollar – The Hindu
Clipped from: https://www.thehindu.com/opinion/editorial/fearing-de-dollarisation-on-the-us-oil-and-the-petrodollar/article70491351.ece U.S.’s moves on oil reflect its uneasiness over global trade and finance Updated – January 10, 2026 10:05 am IST President Donald Trump’s urgency
*97% of bank deposit accounts insured – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/97-of-bank-deposit-accounts-insured/4102335/ New RBI data reveals that 42.1% of the total value of bank deposits in India was insured as of September 2025, a slight
*Section 68 Addition Deleted After Loan Genuineness Proven
Clipped from: https://taxguru.in/income-tax/section-68-addition-deleted-loan-genuineness-proven.html ITO Vs Mohanbhai Laljibhai Rami (ITAT Ahmedabad) Unsecured Loan Explained Through Evidence; Section 68 Addition Deleted and Revenue Appeal Dismissed: ITAT Ahmedabad Summary:
*****ITAT Condones 3,100 Days Delay, Appeal Sent Back
Clipped from: https://taxguru.in/income-tax/itat-condones-3100-days-delay-appeal.html Unnatiben Suhitbhai Gajjar Vs ITO (ITAT Ahmedabad) Extraordinary Delay of Over 3,100 Days Condoned with Costs; Matter Remanded for Adjudication: ITAT Ahmedabad The
*******Reopening Quashed for Non-Supply of Material Relied Upon in Reasons
Clipped from: https://taxguru.in/income-tax/reopening-quashed-non-supply-material-relied-reasons.html Ajay Kumar Bajaj Vs ITO (ITAT Raipur) Reopening Quashed for Non-Supply of Material Relied Upon in Reasons: ITAT Raipur Summary: The Raipur Bench (SMC)
*******Understanding Shift in Surcharge, Rebate, and Marginal Relief Provisions under New Income Tax [Old vs. New Income Tax Act Series – Article 5]
Clipped from: https://www.taxscan.in/top-stories/understanding-shift-in-surcharge-rebate-and-marginal-relief-provisions-under-new-income-tax-old-vs-new-income-tax-act-series-article-5-1440718?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332348 The Income-tax Act, 2025, which was signed into legislation by the president on August 21, 2025, is an entirely new version of the
*******Assessments and Time Limits under Income Tax Act [New v/s Old Tax Act Series]
Clipped from: https://www.taxscan.in/top-stories/assessments-and-time-limits-under-income-tax-act-new-vs-old-tax-act-series-1441036?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332356 This article analyzes the various types of assessments and deadlines for issuing income tax notices, and compares significant changes under the new Income
*******Digital Privacy Issues under Income Tax Act, 2025: Search Powers Explained
Clipped from: https://www.taxscan.in/top-stories/digital-privacy-issues-under-income-tax-act-2025-search-powers-explained-1440688?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332353 Where a taxpayer persistently fails to disclose income or assets despite statutory opportunities, the Income Tax Department may, as a measure of last
*******Deductions Under Income Tax: Computation Methods, Regime Comparison, and Procedural Changes in New Income Tax Act [Old vs New Income Tax]
Clipped from: https://www.taxscan.in/top-stories/deductions-under-income-tax-computation-methods-regime-comparison-and-procedural-changes-in-new-income-tax-act-old-vs-new-income-tax-1440555?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332370 This Article compares deduction computation and total income calculation under the Old Income Tax Act, 1961 and the New Income Tax Act, 2025,
*******Special Allowances – Exemptions and Taxability Under Income Tax Act [Old vs New Tax Act Series]
lipped from: https://www.taxscan.in/top-stories/special-allowances-exemptions-and-taxability-under-income-tax-act-old-vs-new-tax-act-series-1440918?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332373 Special allowances constitute a large portion of your salary package and understanding how to maximize these allowances for tax purposes, as well as
*******Search and Seizure Proceedings, Powers, and Procedural Safeguards in New Income Tax Act [Old vs New Income Tax Series – Article 3]
Clipped from: https://www.taxscan.in/top-stories/search-and-seizure-proceedings-powers-and-procedural-safeguards-in-new-income-tax-act-old-vs-new-income-tax-series-article-3-1440403?TRN300=sEkwzRcDcauPBvUCgvEMCkGGaSJdWdMBeDsweVqxgjxMvUfsiMSBJIUqKMsaCH&LKD333=3332359 This article explains how the Income-tax Act, 2025 modernises search and seizure powers for a digital economy, compares them with the old law
*****Gifting of MF units to minors will not lower tax liability – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-income-tax-queries-gifting-of-mf-units-to-minors-will-not-lower-tax-liability-4102474/ Expert advice on navigating complex tax scenarios in 2026: Learn how to set off non-speculative business losses from derivatives against equity gains, the
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