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ITAT Allows Section 54 Deduction Despite Residential Flat Completion Beyond Three Years
Read more at: https://taxguru.in/income-tax/itat-section-54-deduction-residential-flat-completion-years.html Copyright © Taxguru.in The Tribunal examined Section 54 and observed that the provision requires the assessee to purchase or construct a residential
Reassessment on Same Material Is Change of Opinion
Read more at: https://taxguru.in/income-tax/hyderabad-itat-reassessment-material-change-opinion.html Copyright © Taxguru.in Shikha Kedia Vs ITO (ITAT Hyderabad) Hyderabad ITAT Quashes Reassessment as Mere “Change of Opinion”: AO Cannot Reopen Scrutiny
UPI, NEFT, RTGS or IMPS: When can your digital payments come under the Income Tax Department’s scanner?
A common trigger is when substantial amounts are credited to a bank account but are not reflected as business receipts, professional income, investment proceeds or
PPF rules for NRIs: What happens to your account after moving abroad or becoming a foreign citizen?
Moving abroad can change how you manage your Public Provident Fund (PPF) account, especially if you become a Non-Resident Indian (NRI) or later acquire foreign
Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?
Read more at:https://economictimes.indiatimes.com/wealth/tax/presumptive-taxation-for-professionals-the-50-rule-remains-but-what-changes-for-deductions-and-losses-under-the-new-tax-act/articleshow/133171653.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Ahead of the August 31, 2026 due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27 for individuals engaged in business or profession,
From reels to episodes: 80% Indians embrace microdrama as new entertainment habit
Read more at:https://economictimes.indiatimes.com/industry/media/entertainment/media/from-reels-to-episodes-80-indians-embrace-microdrama-as-new-entertainment-habit/articleshow/133192716.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short,
RBI Governor–[1] Artificial Intelligence is not a single technology to be procured, nor a project to be completed. It is a new way of doing business, of running a bank [2] He said banks to decide whether they will deliberately shape their AI journey or allow the technology to shape them by default.–Courtesy FE
AI new way of running a bank’ RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks
Homebuyers lose stilt parking case: Maharashtra court explains why builder’s allotment was invalid
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/homebuyers-lose-stilt-parking-case-maharashtra-court-explains-why-builders-allotment-was-invalid/articleshow/132854775.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/legal/will/homebuyers-lose-stilt-parking-case-maharashtra-court-explains-why-builders-allotment-was-invalid/articleshow/132854775.cms Recently, five homebuyers from Navi Mumbai, India lost their stilt parking spaces as it was allotted to them by the builder after their
To Thrive in the AI Era, Companies Need Agent Managers
Read more at:https://economictimes.indiatimes.com/hbr/ai-at-work/to-thrive-in-the-ai-era-companies-need-agent-managers/articleshow/132409272.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Zach Stauber’s day begins before the first customer support ticket even lands in the queue. Stauber, a support agent manager at Salesforce,
Inside Beijing’s mind: How China really sees India
Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/how-china-sees-india-beijing-view-india-china-relations-1962-quad-ah-san/articleshow/132957642.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Beijing: Every communication encounter has an encoder, the speaker trying to convey something, and a decoder, the listener receiving it. Miscommunication happens
Nagpur woman loses Rs 6.93 lakh in online scam, files complaint against bank, wins back money with 9% interest and additional Rs 35000
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/nagpur-woman-loses-rs-6-93-lakh-in-online-scam-files-complaint-against-bank-wins-back-money-with-9-interest-and-additional-rs-35000/articleshow/132895216.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst After losing nearly Rs 7 lakh in a FedEx parcel scam, a Nagpur-based woman didn’t just sit and mourn her loss, instead,
PPF rules for NRIs: Can non-resident Indians open PPF account in India?
Read more at:https://economictimes.indiatimes.com/wealth/invest/ppf-rules-for-nris-can-non-resident-indians-open-ppf-account-in-india/articleshow/132909936.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst A Public Provident Fund (PPF) is a long-term, small savings scheme offered by the government of India. The PPF offers an attractive
When Smt Motwani from Juhu sold her shares, she made a whopping Rs 8.31 crore in long term capital gains (LTCG). However, instead of paying taxes on this gain, she decided to reinvest Rs 6.91 crore to buy a property in June 2021, claiming a tax exemption under Section 54F. The property is located on Juhu Tara Road, Santacruz (West), Mumbai. However, this move sparked a tax dispute with the Income Tax Department.
https://economictimes.indiatimes.com/wealth/tax/wife-paid-husband-rs-7-5-crore-after-selling-her-shares-and-bought-his-mumbai-property-filed-itr-claiming-54f-tax-exemption-got-tax-notice-she-fought-and-won-the-case-in-itat-mumbai/articleshow/132890977.cms The issue arose because the property she bought to offset the tax on the sale of her unlisted shares, was owned by none other
RBI MPC: Home loan borrowers can breathe a sigh of relief, but how long their good days will last?
Read more at:https://economictimes.indiatimes.com/wealth/save/rbi-policy-mpc-repo-home-loan-interest-rate-borrowers-can-take-a-sigh-of-relief-but-how-long-their-good-days-will-last/articleshow/132861427.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Home borrowers with loans linked to External Benchmark Linked Rate (EBLR) can breathe a little easier for now, as Reserve Bank of
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