Clipped from: https://www.taxscan.in/income-tax-notice-dispatch-date-prevails-over-digital-signature-date-delhi-hc-upholds-notice-issued-on-basis-of-sc-judgment/523584/ The Court explained that the notification and the actions that followed were legally tenable since the Assessing Officer’s actions and procedural safeguards were
*******India’s health insurance sector faces growth and profitability challenges: Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/indias-health-insurance-sector-faces-growth-and-profitability-challenges-report/article69647529.ece A recent report by Elara Capital has highlighted that both growth and profitability in the sector are being affected, which may redefine the
India tops ChatGPT usage: AI Trends Report – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/info-tech/india-tops-chatgpt-usage-ai-trends-report/article69647711.ece India now accounts for 13.5% of global ChatGPT users pushing the US to second at 8.9% and Indonesia at 5.7% users The number
*******ITR-1, ITR-4 utilities released: How to use them for easier tax filing | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/itr-1-itr-4-utilities-released-how-to-use-them-for-easier-tax-filing-125060200522_1.html Here’s how you can easily fill and file your tax returns offline before uploading them to the portal through the newly released excel
*******Faked a tax deduction? New ITR rules could slap you with 200% penalty and prosecution – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/faked-a-tax-deduction-new-itr-rules-could-slap-you-with-200-penalty-and-prosecution-478605-2025-06-02 Education and home loan benefits under Sections 80E, 80EE, and 80EEA now require detailed disclosures, including lender names, loan account numbers, and sanction
*******ITR filing for AY2025-26 begins for THESE taxpayers: Over 54K income tax returns filed in 3 days – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-for-ay2025-26-begins-for-these-taxpayers-over-54k-income-tax-returns-filed-in-3-days-3865347/ This year there has been a significant delay in both notifying the ITR forms and updating online & offline utilities to support tax
*******GST ITC Reversal: Fire, Theft & Damaged Goods
Clipped from: https://taxguru.in/goods-and-service-tax/gst-itc-reversal-fire-theft-damaged-goods.html Summary: Under Section 17(5)(h) of the CGST Act, Input Tax Credit (ITC) is restricted for goods lost, stolen, destroyed, written off, or disposed
*******AIS, TIS and form 26AS in income tax
Clipped from: https://taxguru.in/income-tax/ais-tis-26as-income-tax.html “Understand the significance of Annual Information System (AIS), Taxpayer Information Summary (TIS), and Form 26AS in income tax. Learn how these tools help
‘We teach kids to crack IIT, not file an ITR’: Analyst in brutal middle class takedown – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/we-teach-kids-to-crack-iit-not-file-an-itr-analyst-in-brutal-middle-class-takedown-478545-2025-06-01 According to the National Centre for Financial Education, only 27% of Indian adults are financially literate. Less than 10% of households have retirement
***Bitcoin–Courtesy FE– https://www.financialexpress.com/market/cryptocurrency/creed-capital-crypto/why-bitcoin-surged-and-what-happens-next/3863905/?ref=hometop_hp
investors often seek refuge in assets that can preserve value amid currency debasement. Traditional hedges include gold, real estate, and equities. *However, among these, Bitcoin
*******Order passed without considering reply is liable to be quashed: Gujarat HC
Clipped from: https://taxguru.in/income-tax/order-passed-reply-liable-quashed-gujarat-hc.html Hasmukhbhai Girdharilal Chopra Vs National Faceless Assessment Centre (Gujarat High Court) Gujarat High Court held that reassessment order passed under section 148 of
*******Reopening of assessment quashed as based on change of opinion: Bombay HC
Clipped from: https://taxguru.in/income-tax/reopening-assessment-quashed-based-change-opinion-bombay-hc.html Prithvi Apartments Co-operative Housing Society Limited Vs ACIT (Bombay High Court) Bombay High Court held that since issue already examined during the course
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