Clipped from: https://www.taxscan.in/top-stories/income-tax-tightens-scrutiny-on-big-spenders-heres-how-to-avoid-notices-on-high-value-transactions-1425747 Taxpayers are urged to be diligent, accurate, and transparent in their disclosures in ITRs As the income tax return (ITR) filing season for FY 2024-25
*******Income Tax Rectification: Time Limits and Grounds for Seeking Rectification u/s 154
Clipped from: https://www.taxscan.in/top-stories/taxscan-360-income-tax-rectification-time-limits-and-grounds-for-seeking-rectification-us-154-1425778 The Supreme Court has clarified that mistakes requiring long-drawn arguments or where two opinions are possible do not fall within the ambit of
*******ITR-2, ITR-3 utilities on hold: THESE taxpayers can’t file returns yet – Are you one of them? – Income Tax News | The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-itr-2-itr-3-utilities-on-hold-these-taxpayers-cant-file-returns-yet-are-you-one-of-them-3890730/ Before you start filing ITR, check which form suits your income type. Filing your income tax return? Hold on—if you need to use ITR-2
Health insurance must be inclusive – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/health-insurance-must-be-inclusive/article69728894.ece Bulk of the premium comes from a few States, there are gaps in claims settlement, and pricing needs to be reviewed, especially for
FM flags tax appeals backlog, tells CBDT to fast-track resolution | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/fm-flags-tax-appeals-backlog-asks-cbdt-to-fast-track-resolution-125062301237_1.html Sitharaman asks tax department to resolve 5.7 lakh pending appeals, improve grievance redressal and refunds, and adopt a more taxpayer-centric approach Finance Minister
Inflation falls but not unemployment – The Hindu
lipped from: https://www.thehindu.com/opinion/op-ed/inflation-falls-but-not-unemployment/article69727573.ece Monitoring inflation while ignoring unemployment is not a credible way of assessing economic performance “For those currently employed, as most commentators on the
*******ITR-3 Filing Guide: Who Should File and Key Deadlines for FY 2025-26
Clipped from: https://www.deccanherald.com/business/everything-you-need-to-know-about-filing-itr-form-3-3532878 The Income Tax department has notified ITR form 3 to be filed by individuals and Hindu Undivided Family (HUF) having income from business
Health cover beyond hospital care – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/specials/current-account/health-cover-beyond-hospital-care/article69724857.ece Opt for medical insurance that supports both treatment and preventive care Healthcare in India is undergoing a fundamental transformation. Medical advancements, rising awareness,
RBI forex reserves to shield India from turmoil, MPC member says – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/forex/rbi-forex-reserves-to-shield-india-from-turmoil-mpc-member-says/article69726932.ece Ram Singh, an external member of the monetary policy committee with the RBI, said that he expects the country’s foreign-exchange buffer to help
Begum Samru and Pakistan – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/begum-samru-and-pakistan/article69725280.ece Like Begum Samru — who became ruler of Sardhana, a small principality near Meerut in the 18th century — Pakistan knows how to
*******Neutral stance gives flexibility to move up or down: Nagesh Kumar | Economy Interviews – Business Standard
Clipped from: https://www.business-standard.com/economy/interviews/neutral-stance-provides-flexibility-to-move-up-or-down-125062200521_1.html Nagesh Kumar, external member of the Reserve Bank of India’s (RBI’s) monetary policy committee Listen to This Article Nagesh Kumar, an external member
*******Good show by banks as most register a rise in profit, but challenges ahead | Expert Views – Business Standard
Clipped from: https://www.business-standard.com/opinion/columns/good-show-by-banks-as-most-register-a-rise-in-profit-but-challenges-ahead-125062200482_1.html Overall, public sector banks have put up a better show than private banks on most parameters Lower NPAs and higher provision coverage denote
*******Policy easing call this cycle to be more data-dependent: MPC member Saugata | Economy Interviews – Business Standard
Clipped from: https://www.business-standard.com/economy/interviews/policy-easing-call-this-cycle-to-be-more-data-dependent-125062200700_1.html This (West Asia conflict) is just one of the sources of uncertainty, albeit the 800 pound gorilla at the moment Saugata Bhattacharya, Member
*******There is nothing in MPC statement to suggest rate hikes are next: Ram Singh
Clipped from: https://www.business-standard.com/economy/interviews/there-is-nothing-in-mpc-statement-to-suggest-rate-hikes-are-next-125062200523_1.html Ram Singh said lower inflation print than the forecast will strengthen the case for a rate cut Ram Singh, Member of Reserve Bank
RBI deepens scrutiny of bank board meetings and governance practices | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-deepens-scrutiny-of-bank-board-meetings-and-governance-practices-125062300004_1.html The central bank’s message (through SSMs) is clear: Mere box-ticking will not suffice In the immediate aftermath of the derivatives mess at IndusInd
*******ITR e-filing FY 2024-25: What is the benefit of pre-filled ITR forms on the income tax portal? Top points – Times of India
Clipped from: https://timesofindia.indiatimes.com/business/financial-literacy/taxation/itr-e-filing-fy-2024-25-what-is-the-benefit-of-pre-filled-itr-forms-on-the-income-tax-portal-top-points/articleshow/121953183.cms Income Tax Return Filing FY 2024-25: The Income Tax Department has been aiming to make the e-filing of income tax returns easier for
*******ITR Filing 2025: Taxpayers demand early release of Excel utility for ITR-2 and ITR-3 – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/itr-filing-2025-when-will-offline-utilities-for-itr-2-and-itr-3-be-released-users-seek-clarity-3889690/ While the Excel utility for ITR-1 and ITR-4 is already available, taxpayers are urging the Income Tax Department to release the utilities for
