Clipped from: https://www.thehindubusinessline.com/opinion/editorial/micro-realities/article69531104.ece TN’s crackdown on microfinance is ill-conceived MFIs play a key role in financial inclusion | Photo Credit: AJIJCHAN The Tamil Nadu Assembly earlier
***Resolution rejected: SC verdict on Bhushan Power & Steel raises questions
Clipped from: https://www.business-standard.com/opinion/editorial/resolution-rejected-sc-verdict-on-bhushan-power-steel-raises-questions-125050400686_1.html The order is a blow to lenders. As experts have told this newspaper, lenders will have to return the recovery received through the
*****Quicker credit data updates will aid underwriting: TransUnion CIBIL MD, CEO | Finance Interviews – Business Standard
Clipped from: https://www.business-standard.com/finance/interviews/quicker-credit-data-updates-will-aid-underwriting-transunion-cibil-md-ceo-125050400719_1.html CIs get fresher data when underwriting or extending additional lines of credit, says Bhavesh Jain Bhavesh Jain, managing director (MD) and chief executive
BPSL liquidation: MCA, IBBI study SC order to assess IBC implications | Economy & Policy News – Business Standard
Clipped from: https://www.business-standard.com/economy/news/bpsl-liquidation-mca-ibbi-study-sc-order-to-assess-ibc-implications-125050400827_1.html “We are examining the order and seeing what learnings can be taken from there in terms of IBC regulations and processes,” the government
***Another blow to IBC: JSW-BPSL verdict may deter future resolution
Clipped from: https://www.financialexpress.com/opinion/another-blow-to-ibc-jsw-bpsl-verdict-may-deter-future-resolution-applicants/3832469/?ref=hometop_hp The SC has rightly punished the guilty but has gone overboard by ordering liquidation. The court has highlighted how, while the e-voting process
*****Section 69 Addition Unsustainable Without Evidence Beyond Accused’s Confession
Clipped from: https://taxguru.in/income-tax/addition-u-s-69-based-mere-confession-accused-credible-evidence-sustainable.html Brij Kishore Kochar Vs ACIT (ITAT Delhi) ITAT Delhi held that mere confession of accused cannot be a ground for conviction since the
Fed’s Powell set to defy Trump pressure, likely to hold rates steady | World News – Business Standard
lipped from: https://www.business-standard.com/world-news/fed-s-powell-set-to-defy-trump-pressure-likely-to-hold-rates-steady-125050400053_1.html With their eye on inflation, officials are inclined to hold rates steady when they meet in Washington on Tuesday and Wednesday Jerome Powell
***Buying insurance online & offline: How they differ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/buying-insurance-online-offline-how-they-differ/article69529587.ece Comparing online and offline channels of buying insurance and who is it suitable for? Health insurance is an essential part of the financial
Insurance query: How to enhance coverage without increasing premium expense – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/insurance-query-how-to-enhance-coverage-without-increasing-premium-expense/article69531252.ece Many insurers offer super top-up policies at affordable premium rates, making them an accessible option for those looking to increase their coverage without
Recovery postponed: Survey indicates private sector has become cautious | Editorial Comment – Business Standard
Clipped from: https://www.business-standard.com/opinion/editorial/recovery-postponed-survey-indicates-private-sector-has-become-cautious-125043001611_1.html The Ministry of Statistics and Programme Implementation must be commended on making the effort to implement the recommendation Listen to This Article After
*****ITR-3 form simplified for AY 2025-26: Taxpayers with business income, capital gains split must note new rules – ITR 3 form simplified for AY 2025 26: Taxpayers with business income, capital gains split must note new rules BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-3-form-simplified-for-ay-2025-26-taxpayers-with-business-income-capital-gains-split-must-note-new-rules-474550-2025-05-02 A key update in the ITR-3 form is a new schedule for reporting capital gains, allowing taxpayers to separately disclose gains accrued before
New ITR-5 form is here: Capital gains, buyback loss and TDS rule changes explained – New ITR 5 form is here: Capital gains, buyback loss and TDS rule changes explained BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/new-itr-5-form-is-here-capital-gains-buyback-loss-and-tds-rule-changes-explained-474589-2025-05-03 You’ll now need to specify the exact section under which TDS was deducted (like 194A for interest, 194C for contracts). The new ITR-5
*****Delhi HC sets aside Notice u/s 148A(b) of Income Tax Act, citing Bar by Limitation
Clipped from: https://www.taxscan.in/delhi-hc-sets-aside-notice-u-s-148ab-of-income-tax-act-citing-bar-by-limitation/513319/ The Delhi High Court sets aside notice under section 148 A(b) of the Income Tax Act,1961, considering its bar by limitation. The bench viewed that the
*****Allahabad HC rules GST Assessment Order u/s 62 incomplete without S. 46 Notice: Allahabad HC quashes Orders
Clipped from: https://www.taxscan.in/gst-assessment-order-u-s-62-incomplete-without-s-46-notice-allahabad-hc-quashes-orders/513316/ The Allahabad High Court has quashed the GST assessment and appellate orders issued against a company after finding that the assessment order under
Allahabad HC Quashes ₹2.11 Crore GST Demand u/s 74 Due to Lack of Personal Hearing
Clipped from: https://www.taxscan.in/allahabad-hc-quashes-%e2%82%b92-11-cr-gst-demand-u-s-74-due-to-lack-of-personal-hearing/513306/ Considering the fact that the original order is contrary to the mandate of Section 75(4) of GST Act and is also violative of
*****ITR filing FY24-25: ITR-3 form notified by the CBDT: Know what this means for taxpayers; Who is eligible? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-3-form-notified-by-the-cbdt-know-what-this-means-for-taxpayers/articleshow/120819242.cms?from=mdr Synopsis ITR Filing Forms FY24-25: The CBDT has released the ITR-3 form for individuals and HUFs with business or professional income for FY
***Growth googly – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/growth-googly/article69531313.ece Uncertainty over Trump policy impact on US growth Consumers as well as businesses are on edge due to policy flip-flops | Photo Credit:
*****Homebuyers should reject possession without OC, seek legal recourse | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/builder-liable-for-giving-possession-without-occupancy-certificate-ncdrc-125050200616_1.html NCDRC finds Hamilton Heights guilty of unfair practice for giving possession without occupancy certificate; legal experts urge buyers to refuse handover in such
How Bhushan Power & Steel entered the ‘dirty dozen’ list of defaulters | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/how-bhushan-power-steel-entered-the-dirty-dozen-list-of-defaulters-125050201429_1.html The insolvency proceedings drew interest from major suitors, including Tata Steel Ltd. and Liberty House of the UK The Bhushan Promoters have had
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