Clipped from: https://www.financialexpress.com/money/income-tax-income-tax-return-filing-key-changes-cbdt-notifies-forms-1-and-4-for-the-assessment-year-ay-2025-26-3827882/ Income Tax Department has simplified how taxpayers will file ITR returns. For the assessment year 2025-26, the forms ITR-1 (Sahaj) and ITR-4 (Sugam)
LTCG up to ₹1.25 lakh? You can now skip ITR-2 and file using Sahaj or Sugam forms – LTCG up to ₹1.25 lakh? You can now skip ITR 2 and file using Sahaj or Sugam forms BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/ltcg-up-to-rs125-lakh-you-can-now-skip-itr-2-and-file-using-sahaj-or-sugam-forms-474290-2025-05-01 Until now, even a small amount of LTCG required filing ITR-2. This change makes tax filing simpler and less time-consuming for small investors,
Income Tax Dept notifies ITR-1, ITR-4 forms – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/i-t-dept-notifies-itr-1-itr-4-forms/article69509100.ece The due date for filing returns by individuals and entities whose accounts are not subject to audit is July 31, 2025 After a
*****Tax Reassessment Invalidated Due to Procedural Defect in Notice Service Under Section 148 Proceedings
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87893 ITAT adjudicated a tax reassessment case involving procedural … April 30, 2025 Case Laws Income Tax AT ITAT adjudicated
*****Tax Assessment Notices Invalidated Limitation Period Expired Tribunal Order Beyond Statutory Timeframe Renders Notices Null and Void
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87895 HC upheld the petition, declaring assessment notices for AY … April 30, 2025 Case Laws Income Tax HC HC
*****Tax Reassessment Order Upheld Procedural Defects Cured Jurisdictional Challenge Rejected Appellate Remedies Available
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87899 HC dismissed writ petitions challenging tax reassessment order. … April 30, 2025 Case Laws Income Tax HC HC dismissed
Tax Liability After Death Section 93 Requires Legal Representatives Notification Before Proceeding Against Deceased Taxpayer
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87904 HC held that Section 93 addresses tax liability post-death but … April 30, 2025 Case Laws GST HC HC
Procedural Fairness Prevails Notice Defect Invalidates Demand Order Grants Petitioner 30-Day Response Window Under Natural Justice Principles
Clipped from: https://www.taxmanagementindia.com/web/tmi_highlights_details.asp?id=87900 HC ruled that the Petitioner was denied natural justice due to … April 30, 2025 Case Laws GST HC
*******Absence of cross-examination vitiates third-party statements: ITAT Nagpur
Clipped from: https://taxguru.in/income-tax/absence-cross-examination-vitiates-third-party-statements-itat-nagpur.html DCIT Vs Sanjay Gaurishankar Agrawal (ITAT Nagpur) 1. Facts of the Case 1.1 The assessee, Shri Sanjay Gaurishankar Agrawal, had received unsecured loans
*****No Tax on LTCG and STCG from equity mutual funds and shares: 4 situations explained – No Tax on LTCG and STCG from equity mutual funds and shares: 4 situations explained BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/paying-capital-gains-tax-on-mutual-fund-gains-know-when-you-can-avoid-473613-2025-04-25 LTCG from listed equity shares or equity-oriented mutual funds, typically taxed at 10% beyond Rs 1.25 lakh in gains, can be exempt if
‘Luxury, not necessity’: Trade body demands 28% GST on e-commerce; seeks crackdown on malpractices – ‘Luxury, not necessity’: Trade body demands 28% GST on e commerce; seeks crackdown on malpractices BusinessToday
Clipped from: https://www.businesstoday.in/india/story/luxury-not-necessity-trade-body-demands-28-gst-on-e-commerce-seeks-crackdown-on-malpractices-473768-2025-04-27 The demand was part of a series of resolutions adopted at CAIT’s two-day National Governing Council meeting held in Bhubaneswar on April 25–26,
Banks see sharp slowdown in retail loans in busiest quarter – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/banks-see-sharp-slowdown-in-retail-loans-in-busiest-quarter/article69498138.ece Unsecured loans see steep fall, mortgage loans too see slower growth The tightening of credit underwriting standards on unsecured loans amid tight liquidity
Who’s afraid of small savings scheme? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/whos-afraid-of-small-savings-scheme/article69498288.ece Why banks are nervous over the government’s reluctance to cut interest rates on small savings schemes FUND OF TRUST: Small savings schemes are
RBI’s ‘golden’ rules for lenders – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/rbis-golden-rules-for-lenders/article69498314.ece Draft law meant to bridge gaps in gold loan regulation is timely, but needs tweaks GLITTERING COLLATERAL: Weighing the pros and cons of
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