*******ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax notices

Read more at:https://economictimes.indiatimes.com/wealth/tax/itr-filing-for-nris-from-miscounted-days-in-india-to-missed-nro-interest-these-mistakes-can-trigger-tax-notices/articleshow/132173376.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst For non-resident Indians (NRIs), filing an income tax return every year comes with unique compliance challenges, starting with determining tax residency status.

Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT Chennai

Read more at:https://economictimes.indiatimes.com/wealth/tax/man-sells-property-for-rs-48-lakh-constructs-a-new-house-but-faces-delay-income-tax-dept-denies-section-54-claim-he-fights-and-wins-case-in-itat-chennai/articleshow/132209054.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/man-sells-property-for-rs-48-lakh-constructs-a-new-house-but-faces-delay-income-tax-dept-denies-section-54-claim-he-fights-and-wins-case-in-itat-chennai/articleshow/132209054.cms When Mr Rajan from Ambattur, Chennai sold his Noida property on July 9, 2019 for Rs 48 lakh, he made a

No phone calls with wife for 13 days; she dies by suicide; Gulf engineer husband lands in jail; Supreme Court overturns his conviction for this reason

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/no-phone-calls-with-wife-for-13-days-she-dies-by-suicide-gulf-engineer-husband-lands-in-jail-supreme-court-overturns-his-conviction-for-this-reason/articleshow/132174795.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/legal/will/no-phone-calls-with-wife-for-13-days-she-dies-by-suicide-gulf-engineer-husband-lands-in-jail-supreme-court-overturns-his-conviction-for-this-reason/articleshow/132174795.cms The Supreme Court (SC) recently provided relief to a husband from criminal cases of 498A (cruelty) and 304B (dowry death) by

Forgotten FDs, shares or insurance? Here’s how to recover unclaimed financial assets

Read more at:https://economictimes.indiatimes.com/wealth/save/forgotten-fds-shares-or-insurance-heres-how-to-recover-unclaimed-financial-assets/articleshow/132156519.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/save/forgotten-fds-shares-or-insurance-heres-how-to-recover-unclaimed-financial-assets/articleshow/132156519.cms eople spend years carefully building wealth through fixed deposits, mutual funds, insurance policies and shares. But life has a way of

Income tax department slaps notices on foreign investors with no earnings

Read more at:https://economictimes.indiatimes.com/news/india/income-tax-department-slaps-notices-on-foreign-investors-with-no-earnings/articleshow/132201606.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/news/india/income-tax-department-slaps-notices-on-foreign-investors-with-no-earnings/articleshow/132201606.cms oreign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax

What was the issue? — [1] Google was illegally forcing handset makers to pre-install the Google Search App and the Chrome browser as a condition for licensing its Play Store–the market place for Android apps. [2] EU further said Google made payments to some large manufacturers and operators on condition that they exclusively pre-installed the Google search app. [3] Lastly EU said Google prevented manufacturers wishing to pre-install app from running alternate versions of of Android not approved by Google– Courtesy BusinessLine

Other side [1] Many said phone numbers will continue to remain central to commerce and delivery operations. [2] Anyhow– to connect with the customer [for example during a doorstep delivery],  phone number is required and if communication does not happen over WhatsApp, it will be SMS.[3] WhatsApp has been working on this feature for a few years and announced plans to launch it in early 2024. [4] This is optional feature [5] Cyber Security experts say allowing users to connect thru user names instead of phone numbers could reduce spam from businesses as well as curb digital arrest [6] A WhatsApp username key is an optional four digit code that adds an extra layer of privacy by requiring anyone contacting a user for the first time to know both the username and the key — Courtesy BS

Rs 17 lakh income tax refund claim was denied as taxpayer did not e-verify ITR since he was busy taking care of late father; ITAT Delhi allows refund for this reason

Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-17-lakh-income-tax-refund-claim-was-denied-as-taxpayer-did-not-e-verify-itr-since-he-was-busy-taking-care-of-late-father-itat-delhi-allows-refund-for-this-reason/articleshow/132175807.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Bhatia from Westend Colony, New Delhi received Rs 1.42 crore in rent from his various properties, he filed his income tax return

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