Clipped from: https://www.financialexpress.com/money/from-april-1-your-salary-may-look-different-but-your-tax-outgo-is-the-real-change-4179985/ From April 1, salary structures may become simpler and more direct as the new tax regime takes centre stage, shifting the real focus
Category: Seven Star
*******Thinking of a trust for estate planning? Costs, steps of process explained | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/thinking-of-a-trust-for-estate-planning-costs-steps-of-process-explained-126032000888_1.html Expert advice on the legal requirements, documentation, and essential structuring needed to establish a robust family trust for long-term wealth protection While a
*******I Tax Act, 2025 New tax rulebook from April 1: What really changes for salaried taxpayers – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/i-tax-act-2025-new-tax-rulebook-from-april-1-what-really-changes-for-salaried-taxpayers-521705-2026-03-21 The Central Board of Direct Taxes (CBDT) has notified the Income-tax Rules, 2026, to implement the Income-tax Act, 2025, introducing higher HRA benefits
*******Shilpa Shetty gets Rs 12.54 crore gift from Raj Kundra, his income Rs 27.71 lakh; tax dept flags mismatch – what ITAT said – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/shilpa-shetty-gets-rs-12-54-crore-gift-from-raj-kundra-his-income-rs-2771-lakh-tax-dept-flags-mismatch-what-itat-said-4179526/ The ITAT Mumbai has sent back Shilpa Shetty Kundra’s ₹12.54 crore gift case for fresh examination after finding gaps in the money trail.
*******How high blood pressure can quietly damage your eyes and affect vision | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/high-blood-pressure-eye-damage-vision-hypertension-126020401389_1.html Often symptomless at first, hypertension-related eye damage can become permanent. Specialists explain how blood pressure affects vision and why routine eye checks matter
*******New ITR rules to penalties: 15 big income tax changes ahead of new tax law rollout – Budget 2026 FAQs – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/15-big-income-tax-rule-changes-ahead-of-new-tax-law-rollout-on-april-1-budget-2026-faqs-4129781/ Post-Budget FAQs issued by the Income Tax Department reveal some important but lesser-noticed tax changes announced in Budget 2026. These clarifications, part of
*******Can I gift large sum to my senior citizen parent and open a joint bank account with them to earn interest without tax? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/can-i-gift-large-sum-to-my-senior-citizen-parent-and-open-a-joint-bank-account-with-them-to-earn-interest-without-tax/articleshow/127877663.cms I want to gift a large sum to my senior citizen parents so that they can invest in long-term, high-yield FDs. Since they
*******SC dismisses property inheritance case as key witness disowns will, orders natural Hindu succession to apply after mother’s death – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/sc-dismisses-property-inheritance-case-as-key-witness-disowns-will-orders-natural-hindu-succession-to-apply-after-mothers-death/articleshow/126214917.cms On December 4, 2025, the Supreme Court of India dismissed a property inheritance case because the only witness admitted during cross-examination that he
Brothers can’t rewrite father’s will after mother’s death, rules HC, preserves daughters’ share in ancestral property – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/real-estate/brothers-cant-rewrite-fathers-will-after-mothers-death-rules-hc-preserves-daughters-share-in-ancestral-property/articleshow/126679857.cms Listen to this article in summarized format On January 8, 2026, the Andhra Pradesh High Court stopped two brothers from trying to change
*******Why ignoring the urge to pee can put your bladder and kidneys at risk | Health News – Business Standard
Clipped from: https://www.business-standard.com/health/holding-pee-health-risks-bladder-kidneys-uti-infection-126012801104_1.html Busy schedules often lead people to delay bathroom breaks, but doctors warn that repeatedly holing urine can raise the risk of infections Whether
*******Income Tax searches can scan emails, social media and devices: ICAI warns of privacy risk, nudges govt for urgent fix – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-searches-can-scan-emails-social-media-and-devices-icai-warns-of-privacy-risk-nudges-govt-for-urgent-fix-4122787/ As the Union Budget 2026–27 draws closer, India’s top accounting body has raised a red flag that could unsettle many taxpayers. The Institute of Chartered
*******Tenants sold property bought from landlord’s wife on the basis of a Will, son raised disputes against Will; Delhi HC stays property sale till final trial – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/tenants-sold-property-bought-from-landlords-wife-on-the-basis-of-a-will-son-raised-disputes-against-will-delhi-hc-stays-property-sale-till-final-trial/articleshow/127628371.cms On January 21, 2026, in an interim judgement, the Delhi High Court prima facie observed that it appears suspicious that an unregistered will with only one attesting
*******States of debt – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/states-of-debt/article70557135.ece States must curb populist spending The Reserve Bank of India’s study of State budgets of 2025-26 indicates an urgent need to make States
*******Govt forced to walk a fiscal tightrope – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/govt-forced-to-walk-a-fiscal-tightrope/article70557799.ece Budget should protect capex, ease pressure on middle-class finances, broaden tax base without compressing consumption India today stands at a crossroads. The Finance
*******Jobs as growth push – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/jobs-as-growth-push/4120085/ Employment should be the Budget’s central theme; the key solution is a competitive economy. On the one hand, the future of work is
*******Cash Deposits Explained in Books, Addition Deleted Without Rejection
Clipped from: https://taxguru.in/income-tax/cash-deposits-explained-books-addition-deleted-rejection.html Priya Enterprise Vs ITO (ITAT Surat) Cash Deposits and Sundry Creditors Explained in Books – Additions Deleted in Absence of Rejection of Accounts
*******Reassessment Quashed for Sanction by Incompetent Authority
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-sanction-incompetent-authority.html Suresh Kumar Giddaluru Vs Jurisdictional Assessing Officer (ITAT Surat) Reassessment Quashed for Invalid Sanction: Approval by PCIT Instead of Competent Authority Renders Notice
*******Lal Dora Property Valuation Under Section 50C Clarified
Clipped from: https://taxguru.in/income-tax/lal-dora-property-valuation-section-50c-clarified.html ACIT Vs Guptajee & Company (ITAT Delhi) ITAT Delhi: Lal Dora Property to Be Valued as Agricultural/Residential for Section 50C – Commercial Use
*******Email Change Ignored by Department: Calcutta HC Sets Aside S.148A Reassessment Notice [Read Order]
Clipped from: https://www.taxscan.in/top-stories/email-change-ignored-by-department-calcutta-hc-sets-aside-s148a-reassessment-notice-1442253?TRN300=cEKGZnCUsAUqKvvkWAEMsBGGASzuwDMkevbWaEMhZYAMvDFcyMSKjyDnKMcAXK&LKD333=3372397 The Court observed that failure to serve notice on the assessee’s updated email ID violated principles of natural justice The Calcutta High Court
*******Taxpayer cannot be Penalised for Mistake of Previous Tax Consultant: ITAT Grants Relief [Read Order}
Clipped from: https://www.taxscan.in/top-stories/taxpayer-cannot-be-penalised-for-mistake-of-previous-tax-consultant-itat-grants-relief-1442114?TRN300=cEKGZnCUsAUqKvvkWAEMsBGGASzuwDMkevbWaEMhZYAMvDFcyMSKjyDnKMcAXK&LKD333=3372386 When substantial justice and technical considerations are pitted against each other, the cause of substantial justice deserves to be preferred for the other
aniltikotekar4sme.com 