Clipped from: https://www.financialexpress.com/policy/economy/mpc-backs-25-bps-rate-cut-amid-emerging-growth-risks/4082772/ RBI MPC minutes show a unanimous 25-bps rate cut to 5.25% as Governor Sanjay Malhotra and members warn of peak growth and record-low
Category: Self Education
Income tax dept releases FAQs on tax deduction on donation under Section 80G – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-dept-releases-faqs-on-tax-deduction-on-donation-under-section-section-80g/articleshow/126076074.cms Listen to this article in summarized format Taxpayers who donate to charitable organisations can claim tax deduction under Section 80G of the Income Tax
Real estate broker’s excel sheet triggers Rs 48 lakh ‘cash payment’ tax notice; homebuyer wins relief in ITAT Ahmedabad – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/legal/will/real-estate-brokers-excel-sheet-triggers-rs-48-lakh-cash-payment-tax-notice-homebuyer-wins-relief-in-itat-ahmedabad/articleshow/125960284.cms On November 25, 2025, the Income Tax Appellate Tribunal (ITAT) Ahmedabad, held that if the source of funds from a property sale is clarified and qualifies
Non-Monetary Benefits like Free Gifts, Tour Packages Received by Dealer from Principal Constitute Supply under GST: AAR [Read Order]
Clipped from: https://www.taxscan.in/top-stories/non-monetary-benefits-like-free-gifts-tour-packages-received-by-dealer-from-principal-constitute-supply-under-gst-aar-1439956?TRN300=sEKgzRSDCaUMKvbjhWzMsbWgacZuwuMKebjXwjqxWJxMVdfSyMckJYURKMsACh&LKD333=3272158 The perquisites were found by the Authority to have monetary value and thus be taxable. The Authority for Advance Ruling, Tamil Nadu recently affirmed that
Time to pause: On retail inflation, data takeaways – The Hindu
lipped from: https://www.thehindu.com/opinion/editorial/time-to-pause-on-retail-inflation-data-takeaways/article70395261.ece The Reserve Bank of India should wait to see the impact of lower interest rates on demand Retail inflation in November 2025 came in
Banks advised by RBI to link MSME loans to external benchmark: Govt | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/banks-advised-by-rbi-to-link-msme-loans-to-external-benchmark-govt-125121400368_1.html The reset clause for loans has been reduced to three months under the external benchmark system Moreover, the government implements Quality Control Orders
Relief to Aditya Birla Sun Life Insurance: ITAT Quashes Reassessment Notice u/s 148 Issued Beyond Statutory Time Limit Under New Regime [Read Order]
Clipped from: https://www.taxscan.in/top-stories/relief-to-aditya-birla-sun-life-insurance-itat-quashes-reassessment-notice-us-148-issued-beyond-statutory-time-limit-under-new-regime-1439873?TRN300=SeBwznSuSAuqKEBiUFAMSbwGaSZDwdMkeKydFAlXWJhMVUFciMcBZyDRbMcACH&LKD333=3266322 The Tribunal reaffirmed that reassessment proceedings under new regime must strictly adhere to limitation and sanction requirements In a recent ruling in the
वडिलोपार्जित मालमत्ता विकताय? सावधान! नातेवाईकांची परवानगी न घेता जमीन विकायचा नियम आधी जाणून घ्या
Clipped from: https://maharashtratimes.com/business/real-estate-news/ancestral-property-rules-can-a-successor-sell-inherited-home-or-property-without-relatives-consent/articleshow/125946988.cms Ancestral Property Selling Rules : संपत्तीच्या विभाजनात मिळालेल्या जमिनीचा वाटा तुमच्या नावावर असेल, तर तुम्ही तुमच्या नातेवाईकांना न कळवता विकू शकता का?यासाठीचे संपूर्ण
RBI Deputy Governor rules out stablecoins in India – The Hindu
Clipped from: https://www.thehindu.com/business/rbi-deputy-governor-rules-out-stablecoins-in-india/article70388987.ece “Cryptocurrency is not money as they do not have any underlying cash flows,” says Deputy Governor T. Rabi Sankar RBI Deputy Governor T.
IBC: The halting march towards efficacy – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/ibc-the-halting-march-towards-efficacy/article70389746.ece After a promising start, the IBC ecosystem is grappling with shortage of qualified and honest Insolvency Professionals and lack of an efficient investigative
Labour Codes can significantly boost women’s workforce participation in India: Report – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/news/labour-codes-can-significantly-boost-womens-workforce-participation-in-india-report/article70391684.ece India’s legal framework has evolved alongside social change, as reflected in the rise in the female labour force participation rate from 23.3% in
Insurance Query: Flight Disruption – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-flight-disruption/article70388964.ece What if flights are disrupted due to bad weather or instances such as the recent IndiGo fiasco Q. I’m planning a 10-day trip
IT Ministry warns VPN providers to block sites ‘leaking’ Indians’ data – The Hindu
Clipped from: https://www.thehindu.com/business/it-ministry-warns-vpn-providers-to-block-sites-leaking-indians-data/article70388665.ece The IT Ministry’s advisory includes a warning that firms could be held liable for the sites if they don’t take action against them.
Aadhaar card update: What changes with UIDAI’s new offline verification rules – Money News | The Financial Express-
Clipped from: https://www.financialexpress.com/money/aadhaar-card-update-what-changes-with-uidais-new-offline-verification-rules-4075573/ UIDAI has amended Aadhaar regulations to introduce Aadhaar Verifiable Credential (AVC), enabling secure offline identity verification without revealing full Aadhaar numbers, while also
ITAT Chennai Declares Reassessment Notice Invalid for Violating Faceless Scheme
Clipped from: https://taxguru.in/income-tax/itat-chennai-declares-reassessment-notice-invalid-violating-faceless-scheme.html Sappahire Educational & Charitable Trust Vs ITO (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT), Chennai, considered appeals filed by Sappahire Educational &
Telangana HC Quashed Reassessment Notices for Not Following Faceless Procedure
Clipped from: https://taxguru.in/income-tax/telangana-hc-quashed-reassessment-notices-faceless-procedure.html Tecumseh Products lndia Private Limited Vs DCIT (Telangana High Court) The Telangana High Court heard a writ petition challenging notices issued under Sections
Aadhaar misuse? mAadhaar’s new tools help you see and selectively share | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/aadhaar-misuse-maadhaar-s-new-tools-help-you-see-and-selectively-share-125121100723_1.html Track where your Aadhaar is used and share only the details you choose AADHAR, IDENTITY PROOF, ID PROOF The Unique Identification Authority of
*******Gift gone wrong: How a tax exempt Rs 1.3 crore family gift turned into a Rs 70 lakh tax shock – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gift-gone-wrong-how-a-tax-exempt-rs-13-crore-family-gift-turned-into-a-rs-70-lakh-tax-shock-504677-2025-12-02 The Income Tax Department has clarified that monetary gifts received by individuals and HUFs are taxable under Section 56(2)(x) unless specifically exempt. Gifts
*******Karnataka HC Quashes Service Tax Orders for Failure to Consider Proper SCN Reply
Clipped from: https://taxguru.in/service-tax/karnataka-hc-quashes-service-tax-orders-failure-proper-scn-reply.html Shafiqahmed Dongarkhe Vs Principal Commissioner of Central Tax (Karnataka High Court) The petitioner approached the Karnataka High Court seeking quashing of three actions
*******Banking on a bargain: Sandesara settlement raises important questions
Clipped from: https://www.business-standard.com/opinion/editorial/banking-on-a-bargain-sandesara-settlement-raises-important-questions-125112701283_1.html The brothers, who had managed to abscond on the Albanian passport in 2017 and were running an oil and gas business in Nigeria,
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