Clipped from: https://www.financialexpress.com/money/your-money-forex-cards-need-not-mean-tcs-3873750/ Avoid costly travel money mistakes. Learn why forex cards are smarter than cash or credit cards for international travel. No TCS on forex
Category: Seven Star
*******June 2025 tax filing & compliance deadlines: What’s due, when, and by whom | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/june-2025-tax-filing-compliance-deadlines-what-s-due-when-and-by-whom-125060400477_1.html Completing these tasks in compliance will impact your tax refunds, returns and penalties June brings deadlines to finish work for complying with tax
*******MPC pulls out all stops to support growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/mpc-pulls-out-all-stops-to-support-growth/article69665421.ece The policy action points to a remarkable, new-found confidence in India’s fundamentals and external account The neutral stance allows the MPC to be
*******The RBI frontloads a dream – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/opinion/the-rbi-frontloads-a-dream/article69665883.ece MPC goes for an aggressive 50 bps rate cut to support consumption and growth RBI Governor Sanjay Malhotra at the post-monetary policy press
*******I T Dept targets big spenders dodging tax: Here’s full ;ist of high value transactions under watch – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/i-t-dept-targets-big-spenders-dodging-tax-heres-full-ist-of-high-value-transactions-under-watch-479449-2025-06-07 The Income Tax Department is tightening its grip on big spenders who underreport income by closely tracking high-value financial transactions. Institutions like banks,
*******Income Tax Dept cracks down on high spenders hiding income: Strict monitoring of THESE high-value transactions – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-dept-cracks-down-on-high-spenders-hiding-income-strict-monitoring-of-these-high-value-transactions-3871050/ The Income Tax Department is intensifying efforts to catch individuals who underreport their income but spend heavily. Using advanced data analysis and collaboration
*******Reporting of Intraday & F&O Transactions In ITR 3
Clipped from: https://taxguru.in/income-tax/reporting-intraday-f-o-transactions-itr-3.html 1. ITR-3 form is required to be filed by individual or HUF whose total income for a given assessment year includes Income from a profession
*******Section 44AA of Income Tax Act: Compulsory Maintainance of Books of Accounts
lipped from: https://scripbox.com/tax/section-44aa/ In this article For most of the people carrying on a business or profession, maintenance of books of accounts has always been a
*******Income Tax On Intraday Trading – How Gains Are Taxes? – Tax2win
Clipped from: https://tax2win.in/guide/intraday-gain-loss-in-itr How are gains and Losses from intraday trading taxed? Updated on: 17 May, 2025 04:46 PM Understanding the income tax implications of intraday
*******HRA, Section 80C, Section 24b claims get tough: New ITR rules tighten grip on old tax regime filers – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/income-tax-department-deduction-disclosures-ay-2025-26-automated-verification-itr-filing-deadline-extended-478881-2025-06-03 – Enhanced disclosure requirements for taxpayers opting for the old tax regime. – Automation of deduction verification aims to reduce errors. – New
*******Section 54F exemption granted for different floors of single residential house
Clipped from: https://taxguru.in/income-tax/54f-exemption-granted-floors-single-residential-house.html PCIT-Central -1 Vs Lata Goel (Delhi High Court) Delhi High Court held that exemption under section 54F of the Income Tax Act is
*******How to file ITR online: Step-by-step guide for e-filing income tax return for AY2025-26 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/how-to-file-itr-online-step-by-step-guide-for-e-filing-income-tax-return-for-ay2025-26-3865728/ Though ITR filing can still be done via offline and online mode both, most taxpayers nowadays prefer filing ITR online using the Income
*******Sec 56(2)(x) Covers All Immovable Properties, Including Agricultural Land
Clipped from: https://taxguru.in/income-tax/sec-562x-covers-all-immovable-properties-including-agricultural-land.html Clayking Minerals LLP Vs ITO (ITAT Ahmedabad) Sec 56(2)(x) applies to any immovable property, including agricultural land & when the assessee disputes stamp
*******Delhi HC: Income Tax Notice Dispatch Date Prevails Over Digital Signature Date, upholds Notice issued on Basis of SC Judgment
Clipped from: https://www.taxscan.in/income-tax-notice-dispatch-date-prevails-over-digital-signature-date-delhi-hc-upholds-notice-issued-on-basis-of-sc-judgment/523584/ The Court explained that the notification and the actions that followed were legally tenable since the Assessing Officer’s actions and procedural safeguards were
*******India’s health insurance sector faces growth and profitability challenges: Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indias-health-insurance-sector-faces-growth-and-profitability-challenges-report/article69647529.ece A recent report by Elara Capital has highlighted that both growth and profitability in the sector are being affected, which may redefine the
*******ITR-1, ITR-4 utilities released: How to use them for easier tax filing | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/itr-1-itr-4-utilities-released-how-to-use-them-for-easier-tax-filing-125060200522_1.html Here’s how you can easily fill and file your tax returns offline before uploading them to the portal through the newly released excel
*******Faked a tax deduction? New ITR rules could slap you with 200% penalty and prosecution – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/faked-a-tax-deduction-new-itr-rules-could-slap-you-with-200-penalty-and-prosecution-478605-2025-06-02 Education and home loan benefits under Sections 80E, 80EE, and 80EEA now require detailed disclosures, including lender names, loan account numbers, and sanction
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