UPI, NEFT, RTGS or IMPS: When can your digital payments come under the Income Tax Department’s scanner?
A common trigger is when substantial amounts are credited to a bank account but are not reflected as business receipts, professional income, investment proceeds or
PPF rules for NRIs: What happens to your account after moving abroad or becoming a foreign citizen?
Moving abroad can change how you manage your Public Provident Fund (PPF) account, especially if you become a Non-Resident Indian (NRI) or later acquire foreign
Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?
Read more at:https://economictimes.indiatimes.com/wealth/tax/presumptive-taxation-for-professionals-the-50-rule-remains-but-what-changes-for-deductions-and-losses-under-the-new-tax-act/articleshow/133171653.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Ahead of the August 31, 2026 due date for filing Income Tax Returns (ITRs) for Assessment Year (AY) 2026-27 for individuals engaged in business or profession,
From reels to episodes: 80% Indians embrace microdrama as new entertainment habit
Read more at:https://economictimes.indiatimes.com/industry/media/entertainment/media/from-reels-to-episodes-80-indians-embrace-microdrama-as-new-entertainment-habit/articleshow/133192716.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Microdrama is now a mainstream Indian entertainment format, with most audiences preferring it. Viewers spend over fifteen minutes daily watching these short,
RBI Governor–[1] Artificial Intelligence is not a single technology to be procured, nor a project to be completed. It is a new way of doing business, of running a bank [2] He said banks to decide whether they will deliberately shape their AI journey or allow the technology to shape them by default.–Courtesy FE
AI new way of running a bank’ RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks
Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITAT
Read more at:https://economictimes.indiatimes.com/wealth/tax/paid-rs-6-5-crore-and-bought-a-property-with-stamp-duty-value-of-rs-8-85-crore-got-income-tax-notice-for-unexplained-investment-he-fought-back-won-relief-in-itat/articleshow/133149184.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When a property buyer from Veera Desai Road, Andheri West, Mumbai purchased a property in Pune for Rs 6.5 crore in AY 2017-18, he
*****‘AI new way of running a bank’: RBI Governor Sanjay Malhotra outlines governance roadmap, flags 7 AI risks
Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged Indian banks to embrace artificial intelligence (AI) as a major tool to transform lending, financial inclusion, customer service, operational efficiency
Senior citizen couple was denied full access to their reserved berths due to overcrowding; they pursued the matter against Indian Railways in consumer commission and won Rs 50,000 in damages
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/senior-citizen-couple-was-denied-full-access-to-their-reserved-berths-due-to-overcrowding-they-pursued-the-matter-against-indian-railways-in-consumer-commission-and-won-rs-50000-in-damages/articleshow/133150767.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst waiting list and ticketless passengers occupying their reserved seats. They requested the occupants to vacate their reserved seats, but the occupants refused
Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reason
Read more at:https://economictimes.indiatimes.com/wealth/tax/sold-property-for-rs-94-lakh-despite-a-stamp-value-of-rs-1-93-crore-received-an-income-tax-notice-under-section-50c-itat-chennai-grants-relief-for-this-reason/articleshow/133100955.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Mr Pragalanadane from the ERI Scheme Moggappair, West Chennai, sold a property in Chennai for Rs 94 lakh during AY 2017-18. However,
*******How should my NRI children disclose gifts received from relatives in ITR-2?
Read more at:https://economictimes.indiatimes.com/wealth/tax/how-should-my-nri-children-disclose-gifts-received-from-relatives-in-itr-2/articleshow/133143816.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts. My two
India is scanning more and withdrawing less as digital payments take over
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/india-is-scanning-more-and-withdrawing-less-as-digital-payments-take-over/articleshow/133132711.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst India’s payments network is shifting towards software-based channels, with UPI QR codes and online card transactions growing while ATMs and other hardware-based
Daughter vs father legal fight over PPF amount: Can a parent withdraw money from their child’s PPF? Here’s what court said
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/daughter-vs-father-legal-fight-over-ppf-amount-can-a-parent-withdraw-money-from-their-childs-ppf-heres-what-court-said/articleshow/133090236.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Can a father withdraw PPF investments made by him in the name of his daughter, to use the money for her maintenance? A recent
*****Your nominee died before you? Here’s what happens to your money next
https://economictimes.indiatimes.com/wealth/legal/will/your-nominee-died-before-you-heres-what-happens-to-your-money-next/your-nominee-died-before-you-heres-what-happens-to-your-money/slideshow/133080282.cms 1/7 Your nominee died before you: Here’s what happens to your money If the person you named as your nominee passes away before you
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