Clipped from: https://www.taxscan.in/how-to-claim-tax-deduction-on-donation-under-income-tax-act1961/416581/ Donating to charity is an act of serving society. The government extends its full support towards charitable services by providing tax deductions on
Category: May Look At Leisurely
Bombay HC quashes Income Tax Notice Issued u/s 148 which was beyond the time period specified under statute
Clipped from: https://www.taxscan.in/bombay-hc-quashes-income-tax-notice-issued-u-s-148-which-was-beyond-the-time-period-specified-under-statute/517797/ In a recent case, the Bombay High Court has quashed the notice issued under section 148 of the Income Tax Act, 1961 which
Madras HC: GST Interest & Penalty Not Applicable on Reversed ITC Never Availed or Utilised from Date of Claim of ITC in ECRL
Clipped from: https://www.taxscan.in/gst-interest-penalty-not-applicable-on-reversed-itc-never-availed-or-utilised-from-date-of-claim-of-itc-in-ecrl-madras-hc/507596/?utm_source=signinbutton&utm_medium=txn&utm_campaign=checkoutsigninbtn The Madras High Court, in its recent ruling, favoured in favour of petitioner, ruling that the interest and penalty should not be imposed on the
Moody’s strips US of top credit rating amid soaring debt crisis – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/world/moodys-strips-us-of-top-credit-rating-amid-soaring-debt-crisis/article69585426.ece This makes Moody’s the third major credit rating agency to lower the federal government’s rating, following S&P in 2011 and Fitch in 2023.
US Supreme Court puts brakes on Trump’s deportation push using colonial-era law – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/world/us-supreme-court-puts-brakes-on-trumps-deportation-push-using-colonial-era-law/article69586244.ece President Trump criticised the decision, claiming it undermines efforts to expel criminals The U.S. Supreme Court on Friday blocked the Trump administration from
MCA likely to widen PM Internship Scheme beyond top 500 companies | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/mca-likely-to-widen-pm-internship-scheme-beyond-top-500-companies-125051601470_1.html The age for joining the scheme, according to sources, is also likely to be brought down to accommodate applicants coming from industrial training
Cyberwarfare signs: Govt on high alert, urges industry to boost security | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/cyberwarfare-signs-govt-on-high-alert-urges-industry-to-boost-security-125051601531_1.html Large groups, MSMEs asked to step up defences Some of these attacks were recorded using advanced and sophisticated spear-phishing campaigns using malware like
FY25 tax returns: Split capital gains based on sale date – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-fy25-tax-returns-split-capital-gains-based-on-sale-date-3847626/ FY25 ITR forms require taxpayers to split capital gains based on asset sale date—before or after July 23, 2024—due to tax rate changes.
Notice issued u/s. 143(2) without specifying type of scrutiny is invalid: ITAT Kolkata
Clipped from: https://taxguru.in/income-tax/notice-issued-u-s-143-2-type-scrutiny-invalid-itat-kolkata.html Hind Ceramics Pvt. Ltd. Vs DCIT (ITAT Kolkata) ITAT Kolkata held that notice issued u/s. 143(2) of the Income Tax Act without specifying
Google AI-powered accessibility features for Android, Chrome, more | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/google-brings-ai-powered-accessibility-features-for-android-chrome-more-125051600758_1.html Google’s new accessibility update will bring artificial intelligence based features like Expressive Captions, improved speech recognition, and new abilities for TalkBack New AI
MSMEs struggle with access to formal credit due to limited formalisation
Clipped from: https://www.business-standard.com/finance/news/msmes-struggle-with-access-to-formal-credit-due-to-limited-formalisation-125051600923_1.html Other factors such as information asymmetry, lack of comprehensive financial records, weak credit histories, and insufficient collateral contribute to this issue About 12
Don’t have Form 16? Here’s expert advice on how to file tax returns | Personal Finance – Business Standard
lipped from: https://www.business-standard.com/finance/personal-finance/don-t-have-form-16-here-s-expert-advice-on-how-to-file-tax-returns-125051601015_1.html Monthly salary slips of a financial year, annual income statements and Form 26AS among documents that can be used Form 16. Photo: Shutterstock
Income below tax slab? Filing an ITR still pays off in ways you didn’t know | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/income-below-tax-slab-filing-an-itr-still-pays-off-in-ways-you-didn-t-know-125051601049_1.html Filing an ITR isn’t just for paying taxes, it’s a powerful tool for building financial credibility, accessing loans, securing subsidies, and opening doors
Insurance on WhatsApp: How to buy and manage policies, claim settlements | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/insurance-on-whatsapp-how-to-buy-and-manage-policies-claim-settlements-125051601060_1.html Paperwork reduced and instant assistance assured on platform, say top insurance companies Photo: Bloomberg Listen to This Article WhatsApp serves various daily purposes:
Banks, NBFCs may need IT overhaul to meet RBI co-lending norms: Bankers | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/banks-nbfcs-must-upgrade-it-systems-for-rbi-co-lending-guidelines-125051601373_1.html Bankers say RBI’s co-lending draft norms may require significant IT upgrades and clarification on the CLM 2 model to ensure compliance and operational
Jaishankar counters Trump’s aggressive claims on India’s zero tariff commitments – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/jaishankar-counters-trumps-aggressive-claims-on-indias-zero-tariff-commitments/article69580313.ece Ahead of India-US bilateral trade pact talks, Jaishankar says any judgment is premature U.S. President Donald Trump attends a press conference in the
Is Microsoft layoff a signal for India’s tech sector to cut its flabby middle? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/are-microsoft-layoffs-a-signal-for-the-tech-sector-to-cut-its-flabby-middle/article69576101.ece The tech giant’s big chop rattles mid-level IT talent By 2026, 20% of firms will use AI to cut over half of middle
‘ONDC set to grow 10 times by 2026’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/ondc-set-to-grow-10-times-by-2026/article69561221.ece Addressing concerns over the platform’s slow growth, Koshy pointed to steady progress — from 1,200 monthly transactions in January 2023 to over 16.5
Telangana HC Quashes GST SCN, Citing Violation of Natural Justice & Cryptic SCN
Clipped from: https://taxguru.in/corporate-law/telangana-hc-quashes-gst-scn-citing-violation-natural-justice-cryptic-scn.html King Enterprise Vs Deputy State Tax Officer (Telangana High Court) In a ruling with implications for tax administration, the Telangana High Court has
