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Clipped from: https://taxguru.in/income-tax/ready-reckoner-criteria-tax-audit-ay-2025-26.html Tax audit under Section 44AB for Assessment Year 2025-26 hinges on turnover/receipts, the extent of digital transactions, and the use of presumptive taxation schemes (44AD/44ADA).

Clipped from: https://www.moneycontrol.com/news/business/personal-finance/is-tax-audit-required-if-you-incur-a-loss-in-f-o-trading-13565036.html Tax audit depends on the turnover from F&O trading. Turnover is a critical factor because tax audit is triggered only when turnover crosses

Clipped from: https://www.financialexpress.com/money/rbi-to-let-lenders-lock-your-smartphone-in-case-of-emi-skip-governor-sanjay-malhotra-clarifies-3995659/ The Reserve Bank of India (RBI) is considering a proposal to allow lenders to remotely lock the smartphones in case their owners default on EMIs

Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-are-set-off-and-carry-forward-losses/articleshow/124177293.cms By setting off and carrying forward losses, you can bring down the taxable income and reduce the payable tax. If a taxpayer suffers

Clipped from: https://www.financialexpress.com/money/rbis-new-rules-for-personal-loans-gold-collateral-capital-raising-these-changes-to-come-into-effect-tomorrow-3994335/ Under the new guidelines, banks are allowed to reduce the spread on floating-rate loans, even if the three-year lock-in period has not been

Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-are-set-off-and-carry-forward-losses/articleshow/124177293.cms By setting off and carrying forward losses, you can bring down the taxable income and reduce the payable tax. If a taxpayer suffers

Clipped from: https://www.business-standard.com/finance/personal-finance/unclaimed-deposits-heirs-must-produce-succession-certificate-or-probate-125092900820_1.html Strap (For Web): For modest balances, banks may accept a legal heirship certificate with indemnity bond Depositors must visit the bank branch, submit

Clipped from: https://economictimes.indiatimes.com/wealth/tax/do-gst-cuts-really-translate-into-genuine-savings-for-buyers/articleshow/124176570.cms GST 2.0 looks like a win-win for buyers, with simpler rates and lower costs. The recent cut in Goods and Services Tax (GST) must have

Clipped from: https://www.business-standard.com/industry/news/fhrai-hotels-gst-tax-demand-notices-itc-removal-125092800258_1.html The hotel body said retrospective GST demand notices and withdrawal of ITC have created cost burdens for hotels, threatening investments and tourism growth

Clipped from: https://www.taxscan.in/top-stories/reassessment-after-4-years-with-same-set-of-facts-which-already-available-during-original-assessment-legally-bad-itat-1429217 The Tribunal quashed the reassessment order, ruling that reopening an assessment after four years based on the same facts available during the original

Clipped from: https://www.taxscan.in/top-stories/delhi-hc-upholds-order-sets-aside-income-tax-notice-issued-us-153c-beyond-six-years-1433534 The notice issued under Section 153C for AY 2010-11 is much beyond six years In a recent case, the Delhi High Court upheld the order

Clipped from: https://www.business-standard.com/finance/news/rbi-two-factor-authentication-digital-payments-guidelines-2026-125092501154_1.html RBI has mandated two-factor authentication for all digital payments from April 2026, with guidelines allowing biometrics, tokenisation and risk-based checks alongside OTPs The

Clipped from: https://www.business-standard.com/finance/personal-finance/medical-negligence-documentation-expert-opinion-key-to-court-success-125092500946_1.html The complaint must be filed in the right forum and within the limitation period Paliwal notes that landmark judgments from the Supreme Court

Clipped from: https://www.business-standard.com/industry/news/explained-impact-of-h-1b-crackdown-role-of-other-visa-categories-125092100711_1.html Indian IT companies, heavy users of H-1B and L-1 visas, face fresh scrutiny as US policy tightens, raising questions on talent mobility and

lipped from: https://www.financialexpress.com/money/tax-talk-errors-in-itr-revise-rectify-or-update-3983223/ Discover the simple ways to correct errors in your Income Tax Return (ITR). This article explains three key mechanisms: filing a revised return,