Clipped from: https://www.taxscan.in/top-stories/income-tax-reassessment-initiated-during-pending-assessment-proceedings-delhi-hc-sets-aside-order-for-lack-of-jurisdiction-1428180 The Court ruled that reassessment proceedings cannot be initiated unless the initial assessment is concluded The High Court of Delhi,set aside the reassessment order
Crypto gains in FY25? Which ITR form to use while filing returns in AY 2025-26 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/crypto-gains-in-fy25-which-itr-form-to-use-while-filing-returns-in-ay-2025-26-3921596/ If you earned from cryptocurrency in FY25, it is essential to choose the correct ITR form while filing returns in AY 2025-26. With
Income tax refund ‘Manual Verification’ email could be a trap: Know how to identify this fraud and avoid – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/income-tax-refund-manual-verification-email-could-be-a-trap-know-how-to-identify-this-fraud-and-avoid/articleshow/122813008.cms ET OnlineITR refund manual verification Have you recently received emails claiming to be from the Income Tax department, asking you to complete manual verification of your
‘File a form, skip the ITR?’: Govt could simplify TDS refunds for low income earners – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/file-a-form-skip-the-itr-govt-could-simplify-tds-refunds-for-low-income-earners-485449-2025-07-21 The government has reportedly accepted the committee’s recommendation and is expected to include it as an amendment to the Income-Tax Bill, 2025. The
Loan defaults at 6-quarter high: Why India’s young borrowers are struggling to repay EMIs – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/why-young-borrowers-are-defaulting-on-loans-in-tier-3-cities-and-rural-india-3921470/ Loan defaults in Tier 3 towns and rural India have surged to a six-quarter high, driven by small-ticket borrowing and rising credit card
*******Investors filing tax using LRS route must disclose foreign assets, income
Clipped from: https://www.business-standard.com/finance/personal-finance/investors-filing-tax-using-lrs-route-must-disclose-foreign-assets-income-125071701334_1.html Misreporting may invite penalty as high as Rs 10 lakh, can go up to 200 per cent of the tax due The Income-Tax
*Perplexity in talks with phone makers to preload Comet browser on devices | Tech News – Business Standard
Clipped from: https://www.business-standard.com/technology/tech-news/perplexity-in-talks-with-phone-makers-to-preload-comet-browser-on-devices-125072100215_1.html Perplexity is in between discussions with phone makers to ship smartphones with its new Comet browser as a pre-installed application By – Akash
The art of meetings: Cabinet secretary offers progressive suggestions | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/the-art-of-meetings-cabinet-secretary-offers-progressive-suggestions-125072000773_1.html By encouraging a structured approach to interactions with non-officials, the aim, no doubt, is to make the bureaucracy more proactive and responsive to
60 days or less: H-1B Workers get deportation notices despite legal status | Immigration News – Business Standard
Clipped from: https://www.business-standard.com/immigration/h-1b-visa-holders-getting-deportation-notices-in-60-day-grace-explained-125072100205_1.html Some H-1B visa holders are being issued deportation notices while still within their 60-day legal grace period, raising concerns over USCIS enforcement practices
*******India Inc’s profit boom has a name: It’s called the Herfindahl Index | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/india-inc-profit-boom-hides-consolidation-herfindahl-hirschman-index-explained-125071700945_1.html What is the Herfindahl-Hirschman Index (HHI), and what does it say about competition, monopolies, and industry growth in India Sectors such as telecom,
How much liquidity does RBI want: Appropriate, adequate, or abundant? | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/how-much-liquidity-does-rbi-want-appropriate-adequate-or-abundant-125072000418_1.html Liquidity in the system had a deficit of Rs 2.4 trillion towards the end of the last financial year (on March 23); it
Risky options: Sebi should continue to educate retail investors carefully
Clipped from: https://www.business-standard.com/opinion/editorial/risky-options-sebi-should-continue-to-educate-retail-investors-carefully-125072000762_1.html A large number of retail traders dabble in futures & options (F&Os), drawn by high leverage and hopes of high returns (Photo: Reuters)
NRIs need not disclose foreign assets or income in ITR – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/nris-need-not-disclose-foreign-assets-or-income-in-itr-3919432/?ref=Alsoread_article NRIs with India-sourced income must file ITR using Form ITR-2, but need not disclose foreign assets or income unless resident. Learn rules on
A paper trail for tax deductions – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/a-paper-trail-for-tax-deductions-3920477/ Understand how to safely claim tax deductions under Chapter VI-A. Learn about common red flags like inflated claims, unverifiable donations, and the need
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