Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-rules-senior-super-senior-citizens-ay-2025-26-deductions-exemptions-filing-493884-2025-09-13 For Assessment Year (AY) 2025-26, income tax regulations provide specific reliefs and benefits for senior citizens (aged 60–79 years) and super senior citizens
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.
*******Income Tax law for senior citizens and super senior citizens: What’s new for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-law-for-senior-citizens-and-super-senior-citizens-whats-new-for-ay-2025-26/articleshow/123851488.cms Important aspects of Income Tax law that senior citizens and super senior citizens should know for AY 2025-26 A few months ago, the Income
*******Seven situations when gifts received by an individual are free from income tax – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/seven-situations-when-gifts-received-by-an-individual-are-free-from-income-tax/articleshow/123866052.cms 7 situations when monetary gifts received by an individual do not get taxed The Income Tax Department has recently released an updated brochure explaining the
Income Tax Return Filing Due Date 2025-26: Last-Minute ITR Guide, Documents Required to File ITR, Penalty for Late Filing
Clipped from: https://indianexpress.com/article/personal-finance/itr-filing-fy-2024-25-due-date-guide-documents-penalty-late-filing-10245431/ Income Tax Return (ITR) Filing Due Date: The extended due date for filing Income Tax Returns for FY 2024-25 is approaching. Ensure timely
*Wrongly Filed Updated Return Due to Consultant’s Error Cannot Justify Extra Tax
Clipped from: https://taxguru.in/income-tax/wrongly-filed-updated-return-due-consultants-error-justify-extra-tax.html Nararshabh Sharma Vs Assessing Officer (ITAT Pune) ITAT Pune: Wrongly Filed Return Due to Consultant’s Error – Matter Restored for Correct Assessment – Tribunal
*Regrouping of liabilities: ITAT Hyderabad deleted ₹7 crore Section 69 addition
Clipped from: https://taxguru.in/income-tax/regrouping-liabilities-itat-hyderabad-deleted-rs-7-crore-section-69-addition.html ACIT Vs Net Net Ventures Pvt. Ltd (ITAT Hyderabad) ITAT Hyderabad Partly Allows Revenue Appeal – Repayment to Net Net Web Treated as
*****Exceptional record – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/exceptional-record/article70041954.ece India’s external debt metrics are sound, with a few chinks After a close brush with a balance of payments crisis in 1991 and
*****Govt seeks monthly reports on pricing after GST rate cuts from Sep 22 | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/govt-seeks-monthly-reports-on-price-changes-after-gst-rate-cuts-from-sep-22-125091201334_1.html In the circular, which is seen by Business Standard, the CBIC directed principal chief commissioners to compile commodity-wise price data from trade associations
*******You sold stocks or gold or property?: A CA explains how to pay zero tax under this housing rule – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/you-sold-stocks-or-gold-or-property-a-ca-explains-how-to-pay-zero-tax-under-this-housing-rule-493766-2025-09-12 To qualify, the asset sold must not be a residential house—meaning gains from equity shares, mutual funds (excluding debt-oriented ones), gold, or commercial
*******Capital gains tax changes: stock market taxation gets complex, what investors, traders should know – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/capital-gains-tax-changes-stock-market-taxation-gets-complex-what-investors-traders-should-know-493779-2025-09-12 Since July 23, 2024, the government has tightened capital gains taxation, impacting both casual investors and active traders. Short-term capital gains (STCG) from
*******ITR deadline Sept 15: Taxpayers grapple with tech glitches; I T dept advises this for smooth filing – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-deadline-sept-15-taxpayers-grapple-with-tech-glitches-i-t-dept-advises-this-for-smooth-filing-493812-2025-09-12 With just days left before the September 15 ITR filing deadline, taxpayers are facing portal glitches and delays due to the late release
*Online ITR filing charges across popular websites for AY 2025-26 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/online-itr-filing-charges-across-popular-websites-for-ay-2025-26/articleshow/123843505.cms ITR can be filed directly on the income tax department’s e-filing portal free of cost, either on your own or with the help
GST 2.0 will boost growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/gst-20-will-boost-growth/article70038895.ece The reforms are both citizen- and business-friendly The 56th meeting of the GST Council on September 3 marks one of the most significant
Online dispute resolution: The tech-law balance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/online-dispute-resolution-the-tech-law-balance/article70034731.ece ODR must be embedded within a robust legal and regulatory framework to make it credible and accountable A legal framework for online dispute
Reforming insolvency – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/reforming-insolvency/article70037811.ece IBC (Amendment) Bill addresses pain points IBC: A work in progress | Photo Credit: Akhilesh The Insolvency and Bankruptcy Code (Amendment) Bill, 2025,
Real-time payment data in GSTN, a must – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/real-time-payment-data-in-gstn-a-must/article70038659.ece It will check payment indiscipline — checking revenue loss through evasion, and aiding MSMEs and the business ecosystem India’s GST 2.0 reforms aim
This tax saving tool can cut lakhs, unless you make this one mistake with your own money – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/this-tax-saving-tool-can-cut-lakhs-unless-you-make-this-one-mistake-with-your-own-money-493662-2025-09-12 If you use your personal income or savings to fund it, clubbing rules under Section 64(2) kick in. Any income generated from those
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