Clipped from: https://www.financialexpress.com/money/new-income-tax-rules-2025-your-itr-to-face-mandatory-investigation-in-these-5-cases-3881558/ The Central Board of Direct Taxes (CBDT) has issued fresh guidelines outlining specific cases where Income Tax Returns (ITRs) will face mandatory scrutiny
*******Delhi HC Quashes Reassessment Proceedings Initated as Notice issued in name of Deceased Assessee [Read Order]
Clipped from: https://www.taxscan.in/top-stories/delhi-hc-quashes-reassessment-proceedings-initated-as-notice-issued-in-name-of-deceased-assessee-1421739 The issuance of a notice under Section 148 of the Act is at the root of the jurisdiction of an AO to commence
*******NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand notice – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-wins-capital-gains-tax-case-in-delhi-high-court-regarding-sale-of-rs-2-crore-property-despite-rs-46-lakh-tax-demand-notice/articleshow/121840835.cms ET Online(Representative image) Delhi High Court: NRI wins Rs 2 crore property sale capital gains tax case despite buyer filing wrong TDS form
*******ITR filing FY 2024-25: Several changes in Form 16! Top things salaried taxpayers shouldn’t miss – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/financial-literacy/taxation/itr-filing-fy-2024-25-several-changes-in-form-16-top-things-salaried-taxpayers-shouldnt-miss/articleshow/121776720.cms ITR filing FY 2024-25: By June 15, 2025, employers must issue Form 16 to their salaried taxpayers for the fiscal year 2024-25. This
Rate cuts done, but monetary transmission must improve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/rate-cuts-done-but-monetary-transmission-must-improve/article69697296.ece Studies show that monetary policy actions in India take two to three quarters to impact output, with a partial pass-through of rate cuts
IBC in stress: Survival depends on commitment to its core principles
Clipped from: https://www.business-standard.com/opinion/columns/ibc-in-stress-survival-depends-on-commitment-to-its-core-principles-125061500687_1.html Public laws aim to keep the crime proceeds beyond the reach of criminals while punishing the criminals. Although these proceeds were never the
RBI repo rate cuts alone can’t shift India’s economic growth gear
Clipped from: https://www.business-standard.com/opinion/columns/rbi-repo-rate-cuts-alone-can-t-shift-india-s-economic-growth-gear-125061500692_1.html Clearly, it is not for the RBI and its monetary policy committee (MPC) to fix any of these deep structural issues and magically
What works in central banking? Striking a balance between talk and action
Clipped from: https://www.business-standard.com/opinion/columns/what-works-in-central-banking-striking-a-balance-between-talk-and-action-125061500754_1.html The latest monetary policy has also gone for a 50-basis-point rate cut, double the anticipated reduction As the dust is settling down on
UIDAI extends free Aadhaar document update deadline to June 2026 – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/news/story/uidai-extends-free-aadhaar-document-update-deadline-to-june-2026-480436-2025-06-14 UIDAI has extended the free Aadhaar document update deadline to June 14, 2026, via the myAadhaar portal, allowing millions to benefit by updating
*******Using an inoperative PAN? You may face Rs 10,000 penalty per transaction – Details here – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/using-an-inoperative-pan-get-ready-for-a-fine-of-rs-10000-on-every-transaction-know-details-3879545/ The Income Tax Department has increased the strictness regarding Permanent Account Number (PAN) and Aadhaar linking. Those whose PAN is not yet linked
RBI makes it easier to access, reactivate dormant accounts, deposits | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-makes-it-easier-to-access-reactivate-dormant-accounts-deposits-125061300531_1.html Customers can update KYC through video, at any bank branch, or with the assistance of business correspondents. RBI’s new dormant account guidelines. RBI,
RBI makes KYC easier: Banks must send three reminders before account freeze | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/rbi-makes-kyc-easier-banks-must-send-three-reminders-before-account-freeze-125061300267_1.html Banks must give written reminders before KYC deadline, says RBI RBI Listen to This Article In a move aimed at strengthening consumer protection
US tariff revenue hits record high in May, helping cut budget deficit | World News – Business Standard
Clipped from: https://www.business-standard.com/world-news/us-tariff-revenue-hits-record-high-in-may-helping-cut-budget-deficit-125061200156_1.html The Treasury Department recorded $23 billion in customs-duties revenue for May, according the agency’s monthly budget statement May’s figure is more than triple
*******Advance tax alert: June 15 is a Sunday — does paying advance tax on June 16 attract penalty, interest? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/advance-tax-payment-deadline-june-15-2025-extended-to-june-16-under-cbdt-circular-480419-2025-06-14 The first advance tax deadline for FY 2025–26 falls on Sunday, June 15, 2025, prompting confusion among taxpayers about whether payments made on
*******Rate cuts alone won’t revive growth – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/rate-cuts-alone-wont-revive-growth/article69692053.ece Measures to stimulate demand like tax breaks for consumers, infra spending and support for MSMEs can be considered Need to revive demand |
*******Back deductions with more data – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/back-deductions-with-more-data-3879299/ The Income Tax Department has released updated Excel utilities for ITR-1 and ITR-4 (AY 2025-26), introducing significant changes for taxpayers opting for the
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