Author: Anil R Tikotekar
*******What is clubbing provision in Income Tax Act? When is it applicable? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-is-clubbing-provision-in-income-tax-act-when-is-it-applicable/articleshow/122908821.cms Many people club the incomes of their family members and close relatives in order to evade tax or minimise their tax liabilities. What
Comprehensive*******Wife pays no income tax after selling two houses for Rs 6 crore gifted by her husband, wins case in ITAT Mumbai; here’s how it happened – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/wife-pays-no-income-tax-after-selling-2-houses-for-rs-6-crore-gifted-by-her-husband-wins-case-in-itat-mumbai-heres-how-it-happened/articleshow/122905982.cms No income tax for wife who sold two flats for Rs 6 crore (5.98) bought originally by husband for Rs 51 lakh total,
*******Influencers to F&O traders: here’s what ITR utility update means for you | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/influencers-to-f-o-traders-here-s-what-itr-utility-update-means-for-you-125072800863_1.html From influencers to F&O traders, the Income Tax department’s revised ‘Nature of Business’ codes will affect how freelancers and professionals file their returns
*What is a double heart attack and why the second one is often more fatal | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/double-heart-attack-causes-symptoms-risk-prevention-young-patients-125072800545_1.html A rare fatal case involving a 9-year-old has renewed attention on recurrent heart attacks, which are increasingly seen among younger adults with unmanaged
Balancing coverage and affordability in senior citizens’ health insurance
Clipped from: https://www.business-standard.com/finance/personal-finance/health-insurance-strike-balance-between-restrictions-affordability-125072800689_1.html Combining base policy with super-top-up can also help make premiums manageable Nowadays, add-ons like OPD (out-patient department) coverage and annual health checkups have
*******New regime slashes major housing tax breaks: What every property owner must know now – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-regime-slashes-major-housing-tax-breaks-what-every-property-owner-must-know-now-486521-2025-07-28 Taxable income from house property is computed by subtracting municipal taxes, applying a 30% standard deduction, and factoring in loan interest. Joint home
*******New regime or old? The one mistake salaried taxpayers are making before filing returns – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-regime-or-old-the-one-mistake-salaried-taxpayers-are-making-before-filing-returns-486528-2025-07-28 For the current filing (FY 2024–25), the old regime—despite being less promoted—can lead to significantly lower tax bills, especially for those with investments,
1*******ITR filing 2025: Are you eligible for Rs 60,000 rebate under Section 87A? Here’s what you need to know – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-are-you-eligible-for-rs-60000-rebate-under-section-87a-heres-what-taxpayers-need-to-know-3928979/ The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or
*******Error in ITR Utility: Penal interest is automatically getting added to taxpayers who don’t have to pay advance tax, check the details – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/error-in-itr-utility-penal-interest-is-automatically-getting-added-to-taxpayers-who-dont-have-to-pay-advance-tax-check-the-details/articleshow/122952229.cms Error in ITR Utility: CA says ITR utility software is calculating wrong Section 234C interest which may lead to tax notices, refund being
*The death of a banker: Navigating unbearable pressure and expectations
lipped from: https://www.business-standard.com/opinion/columns/the-death-of-a-banker-navigating-unbearable-pressure-and-expectations-125072700792_1.html When targets are overwhelming, senior management and customers are both impatient, and there is constant fear, not every banker has the resilience to
*SBI Card misses quarterly profit estimates as write-offs surge 32% | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-misses-quarterly-profit-estimates-as-write-offs-surge-32-125072501241_1.html The company said gross write-offs jumped 32 per cent from a year earlier to 12.80 billion rupees The country’s lenders are grappling with
Rodents, rain and riots: Is your car insurance actually covering it? | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rodents-rain-and-riots-is-your-car-insurance-actually-covering-it-125072600815_1.html Vandalism and floods may be covered under standard policies, but repeated rodent damage or heat-related wear may lead to claim rejection. Experts explain
One nation, one KYC: Sebi shows the way, other regulators should follow | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/one-nation-one-kyc-sebi-shows-the-way-other-regulators-should-follow-125072700349_1.html Other regulators should follow Sebi’s lead in explicitly stating that once a client completes KYC with one intermediary, they shouldn’t have to repeat
What to avoid in a will: Unequal shares, coercion, vague language | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/what-to-avoid-in-a-will-unequal-shares-coercion-vague-language-125072401508_1.html All of the above can lead to intra-family disputes; anyone making a will who anticipates acrimony should use of a family settlement to
*SBI Card to discontinue Rs 1 cr air insurance on these cards: Check list | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/sbi-card-to-discontinue-rs-1-cr-air-insurance-on-these-cards-check-list-125072500816_1.html Complimentary benefit ends on August 11; SBI Card customers are advised to check new terms SBI CARD LOGO Listen to This Article SBI