Clipped from: https://www.taxscan.in/gifting-money-to-nri-children-why-the-rbis-180-day-rule-is-a-hidden-hurdle/517151/ In today’s globalized world, it is quite common for Indian parents to financially support their children who have settled abroad—whether for educational expenses,
***Addition not sustained as source of funds for purchasing crypto currency explained
Clipped from: https://taxguru.in/income-tax/addition-sustained-source-funds-purchasing-crypto-currency-explained.html Primit Shambhuprasad Purani Vs ITO (Gujarat High Court) Gujarat High Court held that reopening of assessment under section 148 of the Income Tax
MSME delinquencies fall to 5-year low of 1.8%: Cibil-Sidbi report | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/msme-delinquencies-fall-to-five-year-low-of-1-8-percent-in-march-125052201339_1.html Delinquency levels in the MSME sector fall to 1.79% in March 2025 as credit rises 13% YoY to ₹35.2 trillion, with private banks
MSME delinquencies fall to 5-year low of 1.8%: Cibil-Sidbi report | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/msme-delinquencies-fall-to-five-year-low-of-1-8-percent-in-march-125052201339_1.html Delinquency levels in the MSME sector fall to 1.79% in March 2025 as credit rises 13% YoY to ₹35.2 trillion, with private banks
RBI expects interest rates to fall after new co-lending norms take effect | Banking – Business Standard
Clipped from: https://www.business-standard.com/industry/banking/rbi-expects-interest-rates-to-fall-under-new-co-lending-framework-125052201655_1.html RBI met fintech industry bodies to discuss new co-lending norms that propose blended interest rates, which may reduce borrowing costs for digital loan
***Income Tax Notices Unanswered as Authorised Representative Hospitalised for Surgery: Madras HC grants Opportunity to File Reply
Clipped from: https://www.taxscan.in/income-tax-notices-unanswered-as-authorised-representative-hospitalised-for-surgery-madras-hc-grants-opportunity-to-file-reply/519032/ The Madras High Court has granted relief to a taxpayer whose authorised representative was hospitalised and unable to respond to income tax notices. The writ
ITR Processing Delay: 78-Year-Old Senior Citizen Waits Over 2 Years, Here’s the Income Tax Dept’s Response
lipped from: https://www.taxscan.in/itr-processing-delay-78-year-old-senior-citizen-waits-over-2-years-heres-the-income-tax-depts-response/518967/ A recent post on social media platform X (previously Twitter) has attracted public attention regarding the excessive delay in accepting for processing the
***Madras HC Upholds Income Tax Notice against Advocate, rules ITR Mandatory for High-Value Withdrawals
Clipped from: https://www.taxscan.in/itr-filing-mandatory-for-high-value-withdrawals-even-for-poa-holders-madras-hc-upholds-income-tax-notice-against-advocate/518940/ In an important ruling, the Madras High Court has ruled that income tax returns ( ITR ) must be filed when you’re withdrawing
*******section 54 exemption: Selling two homes? New tax ruling says you can still save on capital gains | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/selling-two-homes-new-tax-ruling-says-you-can-still-save-on-capital-gains-125051900886_1.html A recent ITAT ruling offers tax relief for those selling two homes and reinvesting in one, easing capital gain worries, especially for joint
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