Category: Unread
Tax Query: Capital Gains Tax Implications – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-capital-gains-tax-implications/article70254208.ece?utm_source=blportfolio&utm_medium=email&utm_campaign=newsletter&pnespid=rrB1C34YbfoW1PDb9mm1E8_Rrw2lV4luM_Stzedsq0VmcPXcKzFwMHzysU_WN7aeNssEMzte Capital gains tax implications for shares after a demerger, including acquisition cost and tax calculations Piramal pharma was demerged from Piramal Enterises and
Insurance delays block access to bariatric surgery despite IRDAI mandate – The Hindu
Clipped from: https://www.thehindu.com/news/national/maharashtra/insurance-delays-block-access-to-bariatric-surgery-despite-irdai-mandate/article70325566.ece OSSI survey highlights approval delays, IRDAI coverage gaps and bariatric surgery insurance hurdles Image for the purpose of representation only. | Photo Credit:
Income Tax department identifies cases of non-disclosure of foreign assets in ITRs – The Hindu
Clipped from: https://www.thehindu.com/business/Economy/income-tax-department-identifies-cases-of-non-disclosure-of-foreign-assets-in-itrs/article70329849.ece The Income Tax department will start sending SMS and emails to such taxpayers from November 28, advising them to file a revised income
IRDAI Chief Ajay Seth tells insurers to improve quality, timeliness of complaint resolution – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/irdai-chief-ajay-seth-tells-insurers-to-improve-quality-timeliness-of-complaint-resolution/article70326172.ece Ajay Seth also directed the insurers to adopt a more proactive, policyholder-centric approach and to strengthen their internal systems to ensure strict compliance with
India’s child deprivation problem requires urgent, systemic reform
Clipped from: https://www.business-standard.com/opinion/editorial/india-s-child-deprivation-problem-requires-urgent-systemic-reform-125112601412_1.html Further, development-aid cuts could lead to 4.5 million additional under-five deaths by 2030 and push six million children out of school by next
US Visa Rejection: Mumbai engineer denied despite full paperwork, 12 yrs’ experience | Immigration News – Business Standard
Clipped from: https://www.business-standard.com/immigration/us-visa-mumbai-engineer-denied-despite-full-paperwork-12-yrs-experience-125112700576_1.html A Mumbai professional with a fully sponsored trip, company invitation and a clear training agenda says his B-1 visa bid failed within minutes
The talk of the town… – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/the-talk-of-the-town/article70260156.ece …18 months into its third term, the government seems bored. The rationalisation of GST rates apart, it’s hard to point out any major
Why the raw deal for group health insurance? – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/why-the-raw-deal-for-group-health-insurance/article70245319.ece If GST exemption is intended to improve health security for the masses, then group health policies must get the waiver too Health insurance
Central Labour Codes will not be implemented in Kerala: Minister Sivankutty – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/news/central-labour-codes-will-not-be-implemented-in-kerala-minister-sivankutty/article70329272.ece The minister said that the Union Labour Ministry had called a meeting of all the states last month and there, Kerala had clearly
NRIs, Tax Reform and Treaty Issues in India’s New Tax Regime
Clipped from: https://taxguru.in/income-tax/nris-tax-reform-treaty-issues-indias-tax-regime.html This article examines how the recently introduced Income‑tax Bill, 2025 (and its successor Act), reshape India’s direct tax regime in relation to persons who are
Reassessment Quashed for Using Section 147 Instead of Mandatory Section 153C
Clipped from: https://taxguru.in/income-tax/reassessment-quashed-section-147-mandatory-section-153c.html Somnath Ramdas Jadhav Vs ITO (ITAT Pune) Information Emerged During Search Mandates Action u/s 153C, Not u/s 147: Pune ITAT Holds Reopening Invalid—
Assessment under s.153A invalid where third-party s.132(4) statement not routed via mandatory s.153C procedure safeguards–TMI
Assessment under s.153A invalid where third-party s.132(4) statement not routed via mandatory s.153C procedure safeguards 14. Case-Laws – AT : ITAT held that the assessment framed
ITAT: 143(1) intimation merges into 143(3) assessment; CPC adjustment invalid, JAO to rectify under 154–TMI
The ITAT held that an intimation u/s 143(1) is a summary assessment confined to arithmetical and apparent errors, and once scrutiny is initiated and completed
Section 153A Assessment Based Solely on Documents Seized from Third Party Invalid: ITAT Delhi
Clipped from: https://taxguru.in/income-tax/section-153a-assessment-based-solely-documents-seized-party-invalid-itat-delhi.html Kiran Mahana Vs DCIT (ITAT Delhi) No Incriminating Material Found on Assessee—153A Assessment Based Solely on Documents Seized from Third Party Invalid; Proceedings
Reopening of assessment cannot be based on change of opinion
Clipped from: https://taxguru.in/income-tax/reopening-assessment-based-change-opinion.html Jamsetjee Jejeebhoy Charity Fund Vs ITO (Exemption) (Bombay High Court) Bombay High Court held that reopening of assessment proceedings on the basis of change
Information from Insolvency Professionals is Exempt Under RTI Act: IBBI [Read Notification]
Clipped from: https://www.taxscan.in/top-stories/information-from-insolvency-professionals-is-exempt-under-rti-act-ibbi-1438411?TRN300=svBWzlCdCaDqKvaWdgFMSkWWAszdgDMbvaGDWFqXwZGMEuFcIMcBjIdnKMcaSx&LKD333=3214738 Insolvency Professionals are legally obligated to maintain confidentiality and provide information to the IBBI in a relationship of trust and reliance The Insolvency
Why taxpayers are searching more about the Income Tax Department
Clipped from: https://www.financialexpress.com/money/google-trends-why-taxpayers-are-searching-more-about-the-income-tax-department-4058056/ ‘Income Tax Department’ has emerged as one of the most searched terms on Google Trends as over 1 crore taxpayers are still waiting
Large or frequent bank deposits can flag mismatches in income profiles: Expert flags what can trigger tax scrutiny – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/large-or-frequent-bank-deposits-can-flag-mismatches-in-income-profiles-expert-flags-what-can-trigger-tax-scrutiny-503299-2025-11-22 From cash deposits to credit card payments, several common transactions are now being closely monitored by the tax department. With advanced tracking systems
Inherited property, gold or shares? Here’s when you’ll actually pay tax in India – No, India has no death tax | The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/inherited-property-gold-or-shares-heres-when-youll-actually-pay-tax-in-india/slideshow/125605972.cms 1/9 No, India has no death tax Inheritance in India is completely tax-free since there is no inheritance tax, estate duty, or death