Read more at:https://economictimes.indiatimes.com/front-page/tax-payers-fret-over-loose-ends-in-amnesty-scheme/articleshow/135667712.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Many are knocking on the doors of tax authorities to cut through the confusion over a list of ambiguities in the miniamnesty
Category: Income Tax
Tax recovery: Can the Income Tax Department attach your PPF savings for unpaid dues?
You have built a retirement corpus over several years by regularly investing in the Public Provident Fund. The money has accumulated through years of disciplined
===Capital Gains Tax [ vis a vis a inflows/outflows related to FPI ]– [2] Makes out a strong case for elimination of distortions — Courtesy FE
The reported proposal to exempt foreign portfolio investors (FPIs) from long-term capital gains (LTCG) tax has revived a familiar debate about the taxation of investment
===Stakeholders’ Views Differ on LTCG Tax, STT
Read more at:https://economictimes.indiatimes.com/epaper/delhicapital/2026/nov/06/economy-macro-micro-more/stakeholders-views-differ-on-ltcg-tax-stt/articleshow/135587131.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Key stakeholders are offering divergent prescriptions on how to address concerns over long-term capital gains tax (LTCG) tax and securities transaction tax
*****Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseas
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/banking/sebi-eases-kyc-norms-for-nris-ocis-and-foreign-nationals-allows-digital-onboarding-from-overseas/articleshow/135550076.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mumbai: The Securities and Exchange Board of India Wednesday relaxed Know Your Client (KYC) requirements for non-resident Indians (NRIs), Overseas Citizens of
Gold jewellery at home: How much can you keep without fear of Income Tax seizure?
Read more at:https://economictimes.indiatimes.com/wealth/tax/gold-jewellery-at-home-on-diwali-dhanteras-how-much-can-you-keep-without-fear-of-income-tax-seizure/articleshow/135530721.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst During Dhanteras and Diwali, people in India buy gold jewellery, coins, bars, etc. While some people buy them in small quantities, others
Missing the point–Editorial BL– infers there may not be any co-relation between FPI flows and tax concessions — BL
https://www.thehindubusinessline.com/opinion/editorial/fpi-inflows-not-significantly-correlated-to-ltcg/article71652465.ece For FPIs to return to net buying Indian stocks, we need to sustain our current pace of economic and earnings growth | Photo Credit:
Queries on Income Tax: Professional fees are taxed as profit from business-Courtesy FE
https://www.financialexpress.com/money/your-queries-on-income-tax-professional-fees-are-taxed-as-profit-from-business-4373385 After retirement, I have started an engineering consultancy firm and earn professional fees. How can I combine such fees with income from investments and
*******Limitation for Income Tax Appeal begins from Date of Receipt of ITAT order: Bombay HC https://www.taxscan.in/income-tax/limitation-for-income-tax-appeal-begins-from-date-of-receipt-of-itat-order-bombay-hc-read-order
The Bombay High Court has held that the limitation period for filing the income tax appeal began from the date of receipt of ITAT (Income
*******Cross-Examination in Tax Proceedings: A Right, not a Ritual
Read more at: https://taxguru.in/income-tax/cross-examination-tax-proceedings-not-ritual.html Copyright © Taxguru.in https://taxguru.in/income-tax/cross-examination-tax-proceedings-not-ritual.html?utm_source=follow.it Summary: The article by G. C. Das, IRS (Retd.), Advocate, examines the right of taxpayers to cross-examine
*******I-T likely to send notices over undisclosed foreign property
https://economictimes.indiatimes.com/industry/banking/finance/income-tax-department-targets-undisclosed-foreign-properties-of-indian-residents/articleshow/135126229.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Income-Tax Department will send notices to resident Indians regarding undisclosed foreign properties. Information was obtained through spontaneous exchanges and prior investigations into overseas
*******Woman Holds Two PANs Before and After Marriage, Faces Rs 5.69 Crore Income Addition Over Bank Transactions: ITAT Orders Fresh Verification
https://www.taxscan.in/income-tax/woman-holds-two-pans-before-and-after-marriage-faces-rs-569-crore-income-addition-over-bank-transactions-itat-orders-fresh-verification-read-order The Rajkot Bench of the Income Tax Appellate Tribunal (ITAT) ordered fresh verification of a Rs. 5.69 crore income addition made against a woman
*******Entire Stamp Duty Difference on Joint Property added in One Co-Purchaser’s Hands: ITAT Directs AO to Refer Matter to DVO
https://www.taxscan.in/income-tax/entire-stamp-duty-difference-on-joint-property-added-in-one-co-purchasers-hands-itat-directs-ao-to-refer-matter-to-dvo-read-order The Income Tax Appellate Tribunal (ITAT), SMC Bench, Kolkata, directed the Assessing Officer (AO) to refer the valuation of a jointly purchased property, where
*******Woman declares Rs 4.8 lakh income, has Rs 50 lakh LIC policy: Why she lost her ITAT case
https://www.financialexpress.com/money/woman-has-rs-50-lakh-lic-policy-earns-rs-4-81-lakh-why-itat-rejected-her-claim-4365539 A life insurance policy worth Rs 50 lakh can raise questions about the source of funds if the investment does not match the income
