Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rupee-outlook/article70330756.ece RBI deploys right tools to control currency volatility The RBI has struck a good balance here — between letting the rupee depreciate to
Category: Self Education
*******How to check income tax refund status via PAN card? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-check-income-tax-refund-status-via-pan-card/articleshow/125539158.cms Listen to this article in summarized format For many taxpayers, Income Tax Return (ITR) refunds are taking longer than usual this year due
*******I am an NRI, is investing in MFs through NRO and NRE accounts the most tax-efficient way? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/i-am-an-nri-is-investing-in-mfs-through-nro-and-nre-accounts-the-most-tax-efficient-way/articleshow/125583899.cms Listen to this article in summarized format These are a set of queries raised by ET Wealth readers, which have been answered by
*******Service Tax Cannot Be Demanded Only for Mismatch in Income Tax-Service Tax Return
Clipped from: https://taxguru.in/service-tax/service-tax-demanded-mismatch-income-tax-service-tax-return.html Kirodiwal Associates Vs Commissioner (CESTAT Delhi) The appeal challenges Order-in-Appeal No. 172/2023-24 dated 05.10.2023, which upheld a service tax demand against the appellant.
*******Supreme Court upholds 100% Income Tax Addition on Bogus Purchases u/s 69C, Dismisses SLP [Read Order]
Clipped from: https://www.taxscan.in/top-stories/supreme-court-upholds-income-tax-addition-on-bogus-purchases-u-s-c-dismisses-slp-1438272?TRN300=svkWzPcuSAuMkeAfFGxMSBgwasjdwuMBEaffwXnHWjHMVUfCyMCKZiDnbMsacH&LKD333=3210092 The High Court held that the assessee failed to prove the genuineness and source of expenditure. The Supreme Court has upheld the Bombay
*******Ex-Parte Assessment Remanded as Assessee Was Abroad & Notice not Communicated by Consultant
Clipped from: https://taxguru.in/income-tax/ex-parte-assessment-remanded-assessee-notice-communicated-consultant.html Balwinder Pal Singh Vs ITO (ITAT Chandigarh) The appeal concerns the assessee’s challenge to the order dated 06.03.2025 issued by the Commissioner of
*******Cash Deposit Linked to Property Sale: ITAT Sends Matter Back for Fresh Examination
Clipped from: https://taxguru.in/income-tax/cash-deposit-linked-property-sale-itat-sends-matter-fresh-examination.html Ranjit Singh Vs ITO (ITAT Chandigarh) The assessee filed an appeal before the Income Tax Appellate Tribunal, Chandigarh, challenging the order of the
*******Paying sister’s EMI? Get deed registered for part-ownership – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-loan-queries-answered-paying-sisters-emi-get-deed-registered-for-part-ownership-4052059/ Get expert answers to critical personal finance questions, including the legalities of paying EMIs for a sibling’s home loan and transferring the property.
*******Your wrong tax refund claim can raise a red flag leading to tax notices and even jail in case of under-reporting of income; here’s how to avoid it – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/your-wrong-tax-refund-claim-can-raise-a-red-flag-leading-to-tax-notices-and-even-jail-in-case-of-under-reporting-of-income-heres-how-to-avoid-it/articleshow/125453570.cms Your tax refund claim can raise a red flag leading to tax notices and even jail in case of under-reporting of income; here’s how to avoid it
*******Is it legal to transfer money to wife’s account to save taxes? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/is-it-legal-to-transfer-money-to-wifes-account-to-save-taxes/articleshow/125438086.cms Many taxpayers find various ways to save tax, but sometimes they follow unconventional ways, such as transferring the amount to another person’s account
*******30,000 brain scans show junk foods alter brain regions that regulate eating | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/30k-brain-scans-ultra-processed-foods-change-hunger-regulation-125111700574_1.html Using data from 30,000 adults, researchers say ultra-processed foods may alter key brain regions linked to hunger, reward and overeating, raising new questions
*******How long sitting spikes your blood sugar, even if you work out daily | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/how-sitting-too-long-raises-blood-sugar-even-if-you-exercise-daily-125111700526_1.html Doctors warn that long, uninterrupted sitting may worsen blood sugar, raise inflammation and weaken diabetes management, particularly among desk-based professionals Your desk job
*******S.74 of GST Cannot Be Invoked when No Fraud Alleged: Madras HC Clarifies application of S. 74 [Read Order]
lipped from: https://www.taxscan.in/top-stories/gst-cannot-be-invoked-when-no-fraud-alleged-madras-hc-clarifies-application-1437237?TRN300=CVKgzMSdSAunBdzWwyhMCkGgaCZdGUMkUjgGihMHwjGMeDFcYMSBZiUMbMSaSX&LKD333=3172136 For invoking Section 74, the show-cause notice must clearly articulate which of these elements is alleged, supported by material in the notice itself.
Comprehensive*******FORM 3CD: Applicability, Format and Key Tax Audit Clauses
Clipped from: https://cleartax.in/s/form-3cd Form 3CD is the annexure provided with the tax audit reports Form 3CA and Form 3CB furnished by the Chartered Accountant under section
*******Tax Audit Forms 3CA, 3CB, 3CD & 3CE Explained – Tax2win
Clipped from: https://tax2win.in/guide/tax-audit-forms-3ca-3cb-3cd-3ce A tax audit is a detailed review of a taxpayer’s financial records conducted by a Chartered Accountant to verify compliance with income tax
*******Comprehensive Analysis of Tax Audit : Forms 3CA, 3CB, 3CD and 3CE
Clipped from: https://cleartax.in/s/tax-audit-form-3ca-3cb-3cd-3ce A tax audit means a Chartered Accountant reviews the business’s accounts and checks their compliance with income tax laws. Under Section 44AB, the accountant
*******‘Can I just show rent paid to parents and claim HRA?’: Why this tax hack can attract I T notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/can-i-just-show-rent-paid-to-parents-and-claim-hra-why-this-tax-hack-can-attract-i-t-notice-487948-2025-08-05 As tax season peaks, many salaried individuals are exploring ways to save — one popular tactic being to claim HRA by showing rent
Comprehensive*******How to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others; Here’s a step-by-step guide – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/how-to-file-itr-2-for-ay-2025-26-with-salary-capital-gains-foreign-income-and-others-heres-a-step-by-step-guide/articleshow/123093504.cms Step-by-step guide on how to file ITR-2 for AY 2025-26 with salary, capital gains, foreign income and others online and with excel utility
Comprehensive1*******Section 44AA of Income Tax Act: Compulsory Maintainance of Books of Accounts
Clipped from: https://scripbox.com/tax/section-44aa/?utm_source=perplexity For most of the people carrying on a business or profession, maintenance of books of accounts has always been a trick question. There
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