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In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Nagpur, deleted a Rs 14.90 lakh penalty imposed on a salaried taxpayer under Section 271D for accepting cash loans from friends and relatives.
Case Background & The Legal Dispute: Under Section 269SS of the Income Tax Act, 1961, taxpayers are strictly prohibited from…
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Can a Fixed Deposit beat a Mutual Fund in a volatile market
Fixed Deposits vs. Mutual Funds in Volatile Market: Ongoing market volatility, investors frequently question whether Fixed Deposits (FDs) are outperforming…
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You want to know why High Net-Worth Individual Investors should include Accredited Investor + SIF in their portfolio
Regulatory Framework & Eligibility Criteria: Achieving Accredited Investor status allows high-net-worth market participants to opt out of certain rigid retail…
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Many major changes are going to take place in the 57th GST Council meeting, which will greatly benefit small traders. Furthermore, GST officers can no longer directly arrest any businessman by default.
India’s GST Council meeting is set to discuss several major proposals focused on making it easier to do business in…
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Reference Case: Sushil Tiwari v. ITO | ITA No. 21/CHD/2025 | AY 2018-19 | Chandigarh ITAT | 01.09.2026
Tax Exemption of Rs 2.64 Crore Upheld as Chandigarh ITAT Rules Commercial Shop Cannot Be Classified as a Residential House…
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If you have Rs 2 crores in your Provident Fund and you are about to retire, what is the smartest way for you to become financially independent
Retiring with Rs 2 Crore in Provident Fund? “Should we keep the money in the PF account or withdraw it?…
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If your child is young and you need 2 crores for their higher education, then this is for you
If you have a 5-year-old child, you have around 13 years to prepare for higher education. The key is to…
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Are you thinking about retiring, and is an SWP (Systematic Withdrawal Plan) safe for you
Is SWP Really Safe for Retirement Planning? Let’s Clear the Confusion! Most people think mutual funds = equity = market…
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Do you always adjust your GST liability using ITC only, and have you never paid GST in cash? Then this is for you
If the 1% GST is not paid in cash, the registration will be suspended: This statement is misleading.: Rule 86B…
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Case: M/s Sharma Transport Agency vs. Deputy Commissioner, State Tax, Asansol Charge and Ors.Court: Calcutta High Court Dated: 24-09-2026
Case: M/s Sharma Transport Agency vs. Deputy Commissioner, State Tax, Asansol Charge and Ors.Court: Calcutta High Court Dated: 24-09-2026 The…