https://economictimes.indiatimes.com/opinion/et-commentary/rbis-rate-hike-matters-its-shift-to-calibrated-tightening-matters-more/articleshow/134772238.cms RBI’s 25 bps rate increase announced on Wednesday is significant. But equally important is the signal that accompanied it. By raising the repo rate
*******Reality bites
https://www.financialexpress.com/opinion/reality-bites-2/4355985 The 25-basis-point (bps) hike in the repo rate, together with the shift in stance from neutral to “calibrated tightening”, gives Wednesday’s policy announcement a
The world is witnessing a bond rout. Why should it matter to you ?
https://economictimes.indiatimes.com/prime/the-world-is-witnessing-a-bond-rout-why-should-it-matter-to-you/primearticleshow/134714425.cms The words “higher bond yield” have been in the news for some time. In the last 10 days, however, the terminology has changed to
New FEMA can be fatale for e-shoppers
Read more at:https://economictimes.indiatimes.com/opinion/et-editorial/new-fema-can-be-fatale-for-e-shoppers/articleshow/134747020.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst New Fema reporting rules, which came into effect from Oct 1, are causing some disquiet over purchases by individuals of digital services
GST Council set to unveil next-gen reforms: 17-day refunds, simpler registrations, easier input tax credit
The proposed changes include simpler and faster registrations and return filing, refunds within 17 days, and a review of blocked input tax credit through a
*******Taxpayer claims Rs 37.8 lakh deduction but faces 200% penalty: What ITAT says next
A cooperative housing society claimed a Rs 37.82 lakh tax deduction on interest income. The Income Tax Department rejected the claim and went a step
Health insurance rules may change from 2027: Policyholders may have to pay 10% of claim
https://www.financialexpress.com/money/health-insurance-rules-may-change-from-2027-policyholders-may-have-to-pay-10-of-claim-4354803 Starting on January 1, 2027, non-life insurers are looking into a 10% co-payment on retail health insurance claims, with the policyholder’s contribution limited to
Son fights for full share in father’s property after stepmother transfers it to daughter, who sells it; SC rejects his claim
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/son-fights-for-full-share-in-fathers-property-after-stepmother-transfers-it-to-daughter-who-sells-it-sc-rejects-his-claim/articleshow/134730927.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Supreme Court recently dismissed a son’s claim to fully inherit his late father’s property in this specific property dispute case, upholding
*******Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT Chennai
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-85-3-lakh-cash-gifts-from-relatives-deposited-in-bank-trigger-unexplained-deposit-income-tax-notice-taxpayer-contests-and-wins-case-in-itat-chennai/articleshow/134685488.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Amirtharaj from Mylai Ranganathan Street, Thygarayanagar (Chennai), got cash gifts totalling Rs 85.03 lakh from his relatives, he executed gift
*******Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here’s why lady won at ITAT Mumbai
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-67-lakh-ancestral-jewellery-declaration-in-itr-triggers-income-tax-notice-of-unexplained-credit-heres-why-lady-won-at-itat-mumbai/articleshow/134694269.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mrs Parikh from Vile Parle West, Mumbai, submitted Schedule AL in her income tax return (ITR) for the first time after
Insurance brokers oppose IRDAI commission caps, warn of 60-70% revenue hit
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/insure/insurance-brokers-oppose-irdai-commission-caps-warn-of-60-70-revenue-hit/articleshow/134737989.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Insurance brokers are opposing the Insurance Regulatory and Development Authority of India’s (IRDAI) proposed changes to distribution norms, warning that caps on
TaxGuru Case–Rent Received vis a vis taxability–
Redevelopment Issue vis a vis income tax on Rent Received from builder but spent elsewhere –[1] Case courtsey TaxGuru– [2] Please read marked portion in
