Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged Indian banks to embrace artificial intelligence (AI) as a major tool to transform lending, financial inclusion, customer service, operational efficiency
Category: Five Star
*****ITAT Delhi Quashes Assessment as Section 153C, Not Section 143(3), Was Applicable
Read more at: https://taxguru.in/income-tax/itat-delhi-quashes-assessment-section-153c-not-section-143-3-applicable.html Copyright © Taxguru.in https://taxguru.in/income-tax/itat-delhi-quashes-assessment-section-153c-not-section-143-3-applicable.html The Delhi Bench of the Income Tax Appellate Tribunal allowed the appeal filed by Raja Varshney against the
*****Panaji ITAT Deletes ₹32.25 Lakh Section 68 Addition After Assessee Explains Source
Read more at: https://taxguru.in/income-tax/panaji-itat-deletes-rs-32-25-lakh-section-68-addition-assessee-explains-source.html Copyright © Taxguru.in https://taxguru.in/income-tax/panaji-itat-deletes-rs-32-25-lakh-section-68-addition-assessee-explains-source.html Panaji ITAT Deletes ₹32.25 Lakh Section 68 Addition: Once Assessee Explains Nature, Source and Even “Source of Source”,
*****Section 143(1) to 245: Decoding the 7 income tax notices every taxpayer should know
https://www.businesstoday.in/personal-finance/tax/story/section-1431-to-245-decoding-the-7-income-tax-notices-every-taxpayer-should-know-546756-2026-08-04 Here’s a look at the seven key income tax notices taxpayers should understand after filing their ITR. Section 143(1): Intimation This is the most
*****Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?
Read more at:https://economictimes.indiatimes.com/wealth/tax/not-prepared-for-itr-filing-should-you-file-your-itr-now-with-available-information-or-wait-and-file-a-belated-itr/articleshow/132757221.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst July 31, 2026 is the due date to file income tax return (ITR) by salaried individuals, pensioners, students and other taxpayers who are not
*****How a ‘kill switch’ can put a stop to digital arrest scams – Banking & Finance News | The Financial Express
Clipped from: https://www.financialexpress.com/business/banking-finance/explainernbsphow-a-kill-switch-can-put-a-stop-to-digital-arrest-scams/4117547/ The Indian government is exploring a mandatory “Kill Switch” for banking and UPI apps to stop real-time financial fraud, including “digital arrests. Government
*****Capital gain attributed to the co-owner who paid for house – Money News | The Financial Express
https://www.financialexpress.com/money/your-income-tax-queries-capital-gain-attributed-to-the-co-owner-who-paid-for-house-4117487/ Clipped from: https://www.financialexpress.com/money/your-income-tax-queries-capital-gain-attributed-to-the-co-owner-who-paid-for-house-4117487/ Understand the tax implications of selling joint property when ownership shares aren’t defined, and explore the concessional 10% tax rate for patent
*****Why digital-arrest fraud is rising in India – The HinduBusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/why-digital-arrest-fraud-is-rising-in-india/article70530555.ece Fraudsters are increasingly exploiting gaps in governance, banking infrastructure and citizens’ blind fear of authority India’s rapid digital expansion has not been accompanied
*****Capital gains tax – Selling assets in 2026? How to keep more of your gains and less for the taxman – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/selling-assets-in-2026-how-to-keep-more-of-your-gains-and-less-for-the-taxman-capital-gains-tax-511277-2026-01-16 Capital gains arise when the selling price of an asset exceeds its acquisition cost after adjusting for transfer expenses. While such gains are
*****Tax story – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/tax-story/article70508776.ece India’s tax base is expanding, but remains skewed For a long time, policymakers have agonised over India’s narrow tax base and tax collections
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