Clipped from: https://taxguru.in/goods-and-service-tax/wrong-e-way-bill-destination-treated-major-violation-clerical-error-mp-hc.html Amara Raja Batteries Limited Vs State of Madhya Pradesh (Madhya Pradesh High Court) The Madhya Pradesh High Court dismissed the writ petition filed under Article
Category: Self Education
Life insurance fraud: subverting a noble intent – The Hindu
Clipped from: https://www.thehindu.com/business/Industry/life-insurance-fraud-subverting-a-noble-intent/article70445825.ece Fraud pushes up premiums over time as insurers price in this risk. Compliance requirements increase as companies and regulators tighten requirements to prevent
*******Joint home loans can help families save tax – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/joint-home-loans-can-help-families-save-tax/article70445833.ece A joint home loan availed by two or more close family members, such as spouse, siblings, parents or children, enhances loan affordability. It
Paying rent to parents to claim HRA is legal; here’s how to save up to Rs 1.2 lakh – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/taxes-in-2026-paying-rent-to-parents-to-claim-hra-is-legal-heres-how-to-save-up-to-rs-12-lakh-508299-2025-12-26 HRA forms part of an employee’s salary package and is intended to offset rental housing costs. Although HRA is treated as taxable income,
Pre-Consultative Process under Central Excise Act is Mandatory Except in Cases of Intention to Evade Tax: Madras HC [Read Order]
Clipped from: https://www.taxscan.in/top-stories/pre-consultative-process-under-central-excise-act-is-mandatory-except-in-cases-of-intention-to-evade-tax-madras-hc-1440722?TRN300=CvKWJPSdCaunKESFHizMSKGgASzDWdMKVcfhYJRxgZxMVufcyMskJiDPKMsAsh&LKD333=3303956 The department cannot unilaterally assume that pre-consultation is not necessary. Unless and until the fraud and intention to evade is not proven beyond
Creditworthiness of Creditor cannot be Denied merely due to Non-Filing of ITR: Patna HC deletes Addition u/s 68 [Read Order]
Clipped from: https://www.taxscan.in/top-stories/creditworthiness-of-creditor-cannot-be-denied-merely-due-to-non-filing-of-itr-patna-hc-deletes-addition-us-68-1440868?TRN300=CvKWJPSdCaunKESFHizMSKGgASzDWdMKVcfhYJRxgZxMVufcyMskJiDPKMsAsh&LKD333=3303914 Assessee cannot be compelled to explain the origin of funds in the hands of a third party unless the material on record justifies
The Great Reset: Will the Labour Codes improve ease of doing business? – BusinessToday
Clipped from: https://www.businesstoday.in/magazine/cover-story/story/the-great-reset-will-the-labour-codes-improve-ease-of-doing-business-507917-2025-12-23 The Centre has finally notified the four Labour Codes, which are expected to reduce the compliance burden, improve ease of doing business and
Fiscal squeeze – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/fiscal-squeeze/article70436786.ece Revenue growth is low but deficit targets may be met Tax revenues are likely to dip this fiscal | Photo Credit: Andrii Yalanskyi
RBI’s new guidelines may slow expansion of urban cooperative banks
Clipped from: https://www.business-standard.com/finance/news/rbi-s-new-guidelines-may-slow-expansion-of-urban-cooperative-banks-125122600891_1.html Officials also said the new rules would raise compliance costs by over 20 per cent Officials also said the new rules would raise
No tax on property received by son as gift from father – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-no-tax-on-property-received-by-son-as-gift-from-father-4089571/ Get expert insights on India’s tax laws for 2025-26. Learn about tax-exempt property gifts to children, the tax implications of transferring personal shares
Can Interest on home loan be added to cost of acquisition when computing capital gains?
Clipped from: https://taxguru.in/income-tax/interest-home-loan-added-cost-acquisition-computing-capital-gains.html Author’s Note A client came to me as he wanted to sell his first residential building, which he had bought five years back,
Mid-term exits by independent directors at highest level since 2017
Clipped from: https://www.business-standard.com/industry/news/mid-term-exits-by-independent-directors-at-highest-level-since-2017-125122600011_1.html Many from companies with less than ₹100 crore in mcap Independent director resignations hit 510 in 2025, the highest since 2017, reflecting growing
Income Tax Return: Revised ITR vs belated ITR? What taxpayers should note before December 31 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-return-revised-itr-vs-belated-itr-what-taxpayers-should-note-before-december-31-508071-2025-12-24 A revised or belated return must be filed by December 31 of the relevant assessment year, or before the tax authorities complete the
Nobody talks about GSTR 9 till a notice hits’: CA flags risks for overlooking GSTR 9 filing – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/nobody-talks-about-gstr-9-till-a-notice-hits-ca-flags-risks-for-overlooking-gstr-9-filing-508110-2025-12-24 The GST annual return, GSTR-9, is rarely discussed until a tax notice lands in a taxpayer’s inbox. With the December 31 deadline approaching,
Does leaving your phone plugged in ruin the battery? Apple, Samsung and Google weigh in
Nobody wants to let their phone run out of juice, but have you been afraid of overcharging your phone? Here’s the truth; modern smartphones are no longer
Govt scraps mandatory probate of wills: Is voluntary probate still a smart move? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/govt-scraps-mandatory-probate-of-wills-is-voluntary-probate-still-a-smart-move/articleshow/126137433.cms The Indian government earlier this week has abolished 71 obsolete laws and amended 4 existing laws. A major update concerning the Indian Succession Act,
Gifts to daughter-in-law are tax-free, but parents-in-law pay tax on income; Why Budget 2026 should fix this anomaly – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/gifts-to-daughter-in-law-are-tax-free-but-parents-in-law-pay-tax-on-income-why-budget-2026-should-fix-this-anomaly/articleshow/126103193.cms Listen to this article in summarized format Many taxpayers don’t realise that while gifts to a daughter-in-law are tax-free, the income generated from those gifts is
MPC likely to remain on extended pause; further rate cuts hinge on inflation trend: Report – The HinduBusinessLine
Further easing seen only if inflation undershoots projections consistently Clipped from: https://www.thehindubusinessline.com/money-and-banking/mpc-likely-to-remain-on-extended-pause-further-rate-cuts-hinge-on-inflation-trend-report/article70422468.ece Further easing seen only if inflation undershoots projections consistently The Reserve Bank of India’s
MPC backs 25 bps rate cut amid emerging growth risks – Economy News | The Financial Express
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
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