Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-filing-deadline-what-is-the-last-date-for-filing-returns-for-taxpayers-not-requiring-an-audit/articleshow/123092769.cms The Income Tax Department has extended the deadline for filing income tax returns (ITR) for FY 2024-2025 (AY 2025-2026) from July 31, 2025,
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.
Comprehensive1*******Section 44AA of Income Tax Act: Compulsory Maintainance of Books of Accounts
Clipped from: https://scripbox.com/tax/section-44aa/?utm_source=perplexity For most of the people carrying on a business or profession, maintenance of books of accounts has always been a trick question. There
Comprehensive*******What is Section 44AA of the Income Tax Act? | Angel One
lipped from: https://www.angelone.in/knowledge-center/income-tax/section-44aa-of-income-tax?utm_source=perplexity Ever filled out an income tax return? It can feel a bit like navigating a maze! There are sections, deductions, and exemptions –
Comprehensive1*******Audit related provisions –Courtesy Bajaj Finance
Clipped from: https://www.bajajfinserv.in/about-section-44ab-of-income-tax-act?utm_source=perplexity In India, tax compliance is a crucial aspect for businesses and profe0ssionals. Section 44AB of Income Tax Act mandates certain taxpayers to get
Comprehensive*******Income Tax On Intraday Trading – How Profits From Intraday Trading Are Taxed ? Courtesy Clear Tax
Clipped from: https://cleartax.in/s/income-tax-on-intraday-trading?utm_source=perplexity Intraday trading is considered speculative business income under section 43(5) of the Income Tax Act. As a result, intraday income is taxable under
Comprehensive*******Taxability of Sale of Land or Building – Section 50C of Income Tax Act
Clipped from: https://cleartax.in/s/taxability-sale-land-building-section-50c?utm_source=perplexity Owing to the large population, there is always a huge demand for real estate in India, and demand mostly overtakes supply. This demand-supply
Comprehensive*******Turnover, Balance Sheet, and P&L – Varsity by Zerodha Varsity by Zerodha
Clipped from: https://zerodha.com/varsity/chapter/turnover-balance-sheet-and-pl/?utm_source=perplexity 6.1 – Turnover & Tax Audit In the previous chapter, we discussed briefly on tax audit, and when it is required if you
*Income Tax Dept has No Statutory Power to Cancel Sale Deeds : Madras HC Quashes Attachment Order [Read Order]
Clipped from: https://www.taxscan.in/top-stories/income-tax-dept-has-no-statutory-power-to-cancel-sale-deeds-madras-hc-quashes-attachment-order-1428712 The High Court took strong exception to this overreach. During the hearing, the Bench said there is no provision empowering the tax authorities
*’₹1.87 lakh nearly lost in real estate tax’: Advisor flags mistake many sellers make – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/rs187-lakh-nearly-lost-in-real-estate-tax-advisor-flags-mistake-many-sellers-make-487601-2025-08-04 Under Section 55 of the Income Tax Act, sellers can reduce taxable capital gains by including specific costs in the “cost of acquisition”
*******Cyber cover for digital natives – Money News | The Financial Express
clipped from: https://www.financialexpress.com/money/cyber-cover-for-digital-natives-3934892/ Cyber insurance protects digital users from financial loss, identity theft, cyberbullying, and more. Learn how it works, what it covers, key exclusions, and
Comprehensive*******Income Tax Audit under Section 44AB – Criteria, Audit Report, Penalty
Clipped from: https://cleartax.in/s/tax-audit-section-44ab?utm_source=perplexity As per the provisions of the Income Tax Act, 1961 specified persons are required to get their books of accounts audited before filing a tax
Consumer protection: Bank held liable for changing policy without consent
Clipped from: https://www.business-standard.com/opinion/columns/consumer-protection-bank-held-liable-for-changing-policy-without-consent-125080300631_1.html The State Commission allowed the complaint and directed the bank and the insurer to be jointly and severally liable for compensating the loss,
Comprehensive1*******Simplicity could cost you ₹2 3 lakh a year’: CA warns of hidden costs in new tax regime – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/simplicity-could-cost-you-rs2-3-lakh-a-year-ca-warns-of-hidden-costs-in-new-tax-regime-487586-2025-08-03 While the new tax regime looks cleaner on paper, Kaushik urges individuals to resist switching blindly. “The old regime rewards those who plan
Comprehensive*******Section 115BAC New Tax Regime 2025: Slabs, Deductions, Exemptions and Benefits
Clipped from: https://cleartax.in/s/section-115bac-features-new-tax-regime-benefits Section 115BAC of the Income Tax Act introduces the new tax regime, which offers reduced slab rates in exchange for forgoing most deductions and
Comprehensive*******Slab rates, deductions, and which tax regime works best for you – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-slab-rates-deductions-and-which-tax-regime-works-best-for-you-3935266/ For individuals with commercial or professional income, the rules are much stricter. You can only switch back to old tax regime once in
NRI Health Insurance – The Hindu BusinessLine
A robust health insurance plan that adequately covers my family back home I recently moved to the US for work, but my spouse and parents
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