lipped from: https://www.taxscan.in/top-stories/income-tax-consultant-died-during-covid-19-itat-condones-848-days-delay-1441910?TRN300=ceKGZRSUsadMkVDFHbVMSBGgasjdwuMkVdfxKeMhgJhMVDFciMsKzIdnkMsash&LKD333=3345168 The ITAT condoned a delay of 848 days in filing an appeal, noting that the taxpayer’s consultant had died during the COVID-19 pandemic.
Composite GST Assessment Covering Multiple Years Invalid: Andhra Pradesh HC Cites Violation of S. 73 & 74 [Read Order]
Clipped from: https://www.taxscan.in/top-stories/composite-gst-assessment-covering-multiple-years-invalid-andhra-pradesh-hc-cites-violation-of-s-73-74-1441450?TRN300=ceKGZRSUsadMkVDFHbVMSBGgasjdwuMkVdfxKeMhgJhMVDFciMsKzIdnkMsash&LKD333=3345145 Composite GST Assessment Covering Multiple Years Invalid: Andhra Pradesh HC Cites Violation of S. 73 & 74 The Andhra Pradesh High Court has ruled that
GST Demand Proceedings: Time Limits, Exceptions, and Penalty Framework
Clipped from: https://www.taxscan.in/top-stories/gst-demand-proceedings-time-limits-exceptions-and-penalty-framework-1441840?TRN300=ceKGZRSUsadMkVDFHbVMSBGgasjdwuMkVdfxKeMhgJhMVDFciMsKzIdnkMsash&LKD333=3345165 Sections 73 and 74 empower tax authorities to determine and recover unpaid tax, wrongfully availed input tax credit or erroneously refunded tax. Stricter
A weak rupee is not a strategy, it is a signal
Clipped from: https://www.thehindubusinessline.com/opinion/a-weak-rupee-is-not-a-strategy-it-is-a-signal/article70506224.ece It reflects is an economy still reliant on the world for what it consumes and insufficiently integrated into the world through what it
Claiming HRA without a rent agreement? Tax dept will ask for proof | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/claiming-hra-without-a-rent-agreement-tax-dept-will-ask-for-proof-126011400594_1.html While a formal rent agreement is not a legal prerequisite, Tax planning 2026: digital payment trails and landlord PAN details are essential to
Govt inaugurates second regional conference on labour codes in Jaipur | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/govt-inaugurates-second-regional-conference-on-labour-codes-in-jaipur-126011401182_1.html The Centre inaugurated the second of six regional conferences in Jaipur to discuss rules, IT readiness and coordination with states for smooth implementation
Amazon can’t evade liability for defective TV, rules consumer commission | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/amazon-can-t-evade-liability-for-defective-tv-rules-consumer-commission-126011400855_1.html Amazon declined a refund and advised him to contact the manufacturer, following which he approached the consumer commission, seeking refund and compensation for
Labour secretary urges states to expedite finalisation of labour code rules | Industry News – Business Standard
Clipped from: https://www.business-standard.com/industry/news/labour-secretary-urges-states-to-expedite-finalisation-of-labour-code-rules-126011401261_1.html Labour secretary Vandana Gurnani has urged states to fast-track labour code rules, avoid overlaps with Shops and Establishments Acts, and strengthen Centre-state coordination
Why a weaker rupee is riskier than it appears for Indian borrowers
Clipped from: https://www.business-standard.com/opinion/columns/why-a-weaker-rupee-is-riskier-than-it-appears-for-indian-borrowers-126011401441_1.html The rupee’s depreciation is often seen as an opportunity – but this narrative overlooks its impact on borrowers of foreign-currency debt A weaker
Kolte-Patil Developers signs ₹850-crore housing JD project in Pune | Company News – Business Standard
lipped from: https://www.business-standard.com/companies/news/kolte-patil-developers-signs-850-crore-housing-jd-project-in-pune-126011400837_1.html Blackstone-backed Kolte-Patil Developers has signed a joint development deal for a residential project in Pune’s Bhugaon micro-market with a gross developable value of
*******NRI tax dispute: How Section 6 residency rules cost Binny Bansal his tax appeal – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/nri-tax-dispute-how-section-6-residency-rules-cost-binny-bansal-his-tax-appeal-510869-2026-01-14 Tax advisory platform Tax Buddy said the crux of Binny Bansal’s case lay in how India’s residency rules are interpreted under Section 6
Tax planning 2026: How salaried staff can pay zero tax on income more than Rs 14 lakh under New Tax Regime – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/tax-planning-2026-how-salaried-staff-can-pay-zero-tax-on-income-more-than-rs-14-lakh-under-new-tax-regime-510944-2026-01-14 Tax slabs: Ahead of Budget 2026, attention is firmly on the income tax framework, especially the slabs introduced last year under the new tax
Old Tax Regime: Why many salaried employees may see higher TDS in last 3 months of this financial year – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/old-tax-regime-why-many-salaried-employees-may-see-higher-tds-in-last-3-months-of-this-financial-year-4106914/ Many salaried employees see a sudden spike in TDS between January and March because employers recalculate taxes after verifying actual investment proofs. This
*Labour Codes impact: Infosys Q3 provisions at Rs 1,289 cr; top 3 IT firms at Rs 4,373 cr – BusinessToday
Clipped from: https://www.businesstoday.in/markets/stocks/story/labour-codes-impact-infosys-q3-provisions-at-rs-1289-cr-top-3-it-firms-at-rs-4373-cr-510909-2026-01-14 On November 21, the government notified provisions of the Labour Codes. These Labour Codes consolidate twenty-nine existing labour laws into a unified framework
*India’s next credit reform – Opinion News | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/indiasnbspnextnbspcreditnbspreform/4106555/ Financial asset tokenisation offers a way to convert data-driven inclusion into credit depth. According to World Bank data, India’s domestic credit by banks to the private
*******NRI bought Rs 66 lakh property in India, paid TDS but didn’t file ITR, got tax notice; he fights and wins relief in ITAT – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/nri-bought-rs-66-lakh-property-in-india-paid-tds-but-didnt-file-itr-got-tax-notice-he-fights-and-wins-relief-in-itat/articleshow/126504842.cms On November 7, 2025, the ITAT Ahmedabad provided relief to Mr. Patel, a resident and citizen of the USA, after the tax dept sent him a notice
Prospects for faster growth amid lingering macro and structural constraints | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/prospects-for-faster-growth-amid-lingering-macro-and-structural-constraints-126011201392_1.html While the economy is well poised, key macro numbers and structural constraints continue to weigh Illustration: Binay Sinha Listen to This Article Successive
Capital Gains Tax of ₹2.28-Crore was set aside on Housing Society for developer payments to members
Clipped from: https://taxguru.in/income-tax/capital-gains-tax-%e2%82%b92-28-crore-set-housing-society-developer-payments-members.html Colombia Co-operative Housing Society Limited Vs ITO (ITAT Mumbai) Conclusion: Addition of ₹2.28 crore made as long-term capital gains in the hands of the
*******ITAT Grants Relief on Unexplained Income in ₹94-Lakh Property Sale Despite Invalid Income Tax Return [Read Order]
Clipped from: https://www.taxscan.in/top-stories/itat-grants-relief-on-unexplained-income-in-94-lakh-property-sale-despite-invalid-income-tax-return-1441776?TRN300=cEBgzRSUCAUPBvDdVWxMsKgwaszDGdMkeDUEGhPhWZxMvuFciMSkjydRkMCAsx&LKD333=3335995 The statutory mandate under section 69A requires that where the explanation furnished by the assessee is supported by credible evidence and is not
*******Why Should Parents-in-Law Pay Income Tax on Gifts Given to a Daughter-in-Law?
Clipped from: https://www.taxscan.in/top-stories/why-should-parents-in-law-pay-income-tax-on-gifts-given-to-a-daughter-in-law-1440613?from-login=836083&token=RDWEBLBKANG2QPINHG6JME8227VE14Q4NHSPG Why should parents-in-law pay income tax on income from assets they have already gifted away to their daughter-in-law? In most Indian households, financial
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