Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-new-itr-forms-ay-2025-26-filing-deadlines-477516-2025-05-23 The Income Tax Department has introduced ITR forms for AY 2025-26, with filing commencing soon. Key deadlines include July 31 for individuals and
Category: Seven Star
*******ITR Filing: Which ITR form is applicable for tax return filing by NRIs in 2025? – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-which-itr-form-is-applicable-for-tax-return-filing-by-nris-in-2025-3855374/ The applicability of ITR forms depends on factors such as the assessee’s sources of income, total earnings and also the category of the
*******Set off your options trading loss against LTCG from shares; your queries answered – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/set-off-your-options-trading-loss-against-ltcg-from-shares-your-queries-answered-3855435/ Explore how to set off options trading loss against LTCG, claim tax deductions on two home loans including let-out property, and understand Section
*******ITR Filing: How to File Income Tax Returns (ITR) Step by Step for Beginners
Clipped from: https://www.taxscan.in/itr-filing-how-to-file-income-tax-returns-itr-step-by-step-for-beginners/520361/ In addition to being required by law, filing your income tax return (ITR) has several important financial advantages. You must lawfully file an
*******Learn why RBI’s 180-day rule complicates gifting money to NRI children abroad
Clipped from: https://www.taxscan.in/gifting-money-to-nri-children-why-the-rbis-180-day-rule-is-a-hidden-hurdle/517151/ In today’s globalized world, it is quite common for Indian parents to financially support their children who have settled abroad—whether for educational expenses,
*******section 54 exemption: Selling two homes? New tax ruling says you can still save on capital gains | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/selling-two-homes-new-tax-ruling-says-you-can-still-save-on-capital-gains-125051900886_1.html A recent ITAT ruling offers tax relief for those selling two homes and reinvesting in one, easing capital gain worries, especially for joint
*******Old or new tax regime? A step-by-step guide to choose what’s best for you | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/old-or-new-tax-regime-a-step-by-step-guide-to-choose-what-s-best-for-you-125051900708_1.html The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits popular
*******Issuing Credit Notes? This Document Can save You from GST Demands
Clipped from: https://taxguru.in/goods-and-service-tax/issuing-credit-notes-document-save-gst-demands.html New GST circular requires suppliers to get buyer confirmation or CA certificate of ITC reversal to legally reduce tax via credit notes for
*******ITAT: No Income Tax Addition Permissible in Unabated Assessment Without Incriminating Material Found During Search u/s 132
Clipped from: https://www.taxscan.in/no-income-tax-addition-permissible-in-unabated-assessment-without-incriminating-material-found-during-search-u-s-132-itat-2/517825/ The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that no addition can be made under Section 153A in an
*******ITR Filing 2025: How NRIs can file income tax return – tax slabs, forms, eligibility and filing deadline explained – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-how-nris-can-file-income-tax-return-tax-slabs-forms-eligibility-and-filing-deadline-explained-3847429/ NRIs are allowed to invest in various financial instruments and real estate in the country. The only exception is they cannot invest in
*******Hypertension: A silent threat – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/hypertension-a-silent-threat/article69580471.ece Policy action with clinical intervention is crucial Hypertension: Early detection helps | Photo Credit: BrianAJackson Six years ago, while accompanying my father-in-law to
*******Why manufacturing-led export still matters for the poor countries | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/why-manufacturing-led-export-still-matters-for-the-poor-countries-125051401718_1.html What made the traditional development model so successful was its reliance on exports, which enabled countries like South Korea to tap into virtually
*******Income Tax Notice: Got a tax notice for a sudden income spike? What it means what you must do | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/got-a-tax-notice-for-a-sudden-income-spike-what-it-means-what-you-must-do-125051200859_1.html What is an Income Tax notice under Section 133(6)? How to respond if you get one? Experts outline what triggers the notice, how
*******Do not apply for health cover without revealing existing hypertension
Clipped from: https://www.business-standard.com/finance/personal-finance/do-not-apply-for-health-cover-without-revealing-existing-hypertension-125051501460_1.html You may succeed in buying the policy but your claim could get rejected later if any complications arise Many customers do not take
*******ITR Filing 2025: Key changes in capital gains reporting and disclosure norms you must know – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-key-changes-in-capital-gains-reporting-and-disclosure-norms-you-must-know-3845704/ In the last year’s budget, Union Finance Minister Nirmala Sitharaman raised the exemption limit on long-term capital gains for listed equity and mutual
*******Income Tax Return 2025: How to file ITR without Form 16? Check out THESE easy alternative documents – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-income-tax-return-2025-how-to-file-itr-without-form-16-check-out-these-easy-alternative-documents-3846430/ Form 16 or Form 16A is the certificate of deduction of tax at source. It is issued on deduction of tax by the
*******GST Registration is not optional: What changes in 2025 for businesses & online sellers – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/gst-registration-is-not-optional-what-changes-in-2025-for-businesses-online-sellers-476295-2025-05-14 The process of registering for GST can be easily accomplished on the GST portal by submitting essential documents, such as the applicant’s Aadhar
*******First time taxpayer? One mistake in your capital gains report could trigger a tax notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/first-time-taxpayer-one-mistake-in-your-capital-gains-report-could-trigger-a-tax-notice-476401-2025-05-15 Filing income tax returns for the first time can be daunting, particularly when dealing with capital gains. It is crucial to accurately report
*******Pay zero tax on stock, MF gains? Here’s how investors can use capital losses to wipe out liability – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/stock-mf-investors-heres-how-investors-can-use-capital-losses-to-wipe-out-liability-in-ay2025-26-476425-2025-05-15 With equity markets turning choppy in FY 2025–26, many investors are sitting on a mix of gains and losses. But here’s the upside—those
*******Electronic Evidence: Sections 65B & 63 of Evidence Act Not Applicable to Tax Proceedings
Clipped from: https://taxguru.in/income-tax/electronic-evidence-sections-65b-63-evidence-act-applicable-tax-proceedings.html ACIT Vs Vetrivel Minerals (VV Minerals) (Madras High Court) Admissibility of Electronic Evidence in Income Tax Proceedings: Inapplicability of Section 65B of the Indian Evidence
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