Author: Anil R Tikotekar
Ready Reckoner of the Criteria for Tax Audit For AY 2025-26
Clipped from: https://taxguru.in/income-tax/ready-reckoner-criteria-tax-audit-ay-2025-26.html Tax audit under Section 44AB for Assessment Year 2025-26 hinges on turnover/receipts, the extent of digital transactions, and the use of presumptive taxation schemes (44AD/44ADA).
Is tax audit required if you incur a loss in F&O trading?
Clipped from: https://www.moneycontrol.com/news/business/personal-finance/is-tax-audit-required-if-you-incur-a-loss-in-f-o-trading-13565036.html Tax audit depends on the turnover from F&O trading. Turnover is a critical factor because tax audit is triggered only when turnover crosses
RBI to let lenders lock your smartphone in case of EMI skip? Here’s what Guv Sanjay Malhotra has to say – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/rbi-to-let-lenders-lock-your-smartphone-in-case-of-emi-skip-governor-sanjay-malhotra-clarifies-3995659/ The Reserve Bank of India (RBI) is considering a proposal to allow lenders to remotely lock the smartphones in case their owners default on EMIs
What are set off and carry forward losses? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-are-set-off-and-carry-forward-losses/articleshow/124177293.cms By setting off and carrying forward losses, you can bring down the taxable income and reduce the payable tax. If a taxpayer suffers
RBI’s new rules for personal loans, gold collateral, capital raising: THESE changes to come into effect tomorrow – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/rbis-new-rules-for-personal-loans-gold-collateral-capital-raising-these-changes-to-come-into-effect-tomorrow-3994335/ Under the new guidelines, banks are allowed to reduce the spread on floating-rate loans, even if the three-year lock-in period has not been
What are set off and carry forward losses? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-are-set-off-and-carry-forward-losses/articleshow/124177293.cms By setting off and carrying forward losses, you can bring down the taxable income and reduce the payable tax. If a taxpayer suffers
Unclaimed deposits: Heirs must produce succession certificate or probate | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/unclaimed-deposits-heirs-must-produce-succession-certificate-or-probate-125092900820_1.html Strap (For Web): For modest balances, banks may accept a legal heirship certificate with indemnity bond Depositors must visit the bank branch, submit
Do GST cuts really translate into genuine savings for buyers? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/do-gst-cuts-really-translate-into-genuine-savings-for-buyers/articleshow/124176570.cms GST 2.0 looks like a win-win for buyers, with simpler rates and lower costs. The recent cut in Goods and Services Tax (GST) must have
Clipped from: https://www.business-standard.com/industry/news/fhrai-hotels-gst-tax-demand-notices-itc-removal-125092800258_1.html The hotel body said retrospective GST demand notices and withdrawal of ITC have created cost burdens for hotels, threatening investments and tourism growth