Latest news with #ChiragChauhan
Time of India
9 hours ago
- Politics
- Time of India
Blast survivors still hopeful guilty will be punished by apex court
Blast survivors still hopeful guilty will be punished by apex court MUMBAI: Reacting to the Supreme Court stay on the HC judgment acquitting all 12 accused, several survivors of the 11/7 train blasts said they still hoped that the guilty would be punished and that, if the 12 men were really not guilty, the real culprits would be found. Others, wearied over nearly two decades of an emotional rollercoaster ride, chose silence. The prospect of another legal battle daunted them. It was Pravin Varma's birthday on July 11, 2006, when he fell victim to the terror attack. The brave graphic designer endured years of treatment. He said, "We were very disappointed to hear about the HC verdict. I hope SC gives a better judgement and punishes those who are guilty. One Pakistani was accused of being a mastermind of these blasts. Are there no links to him here in Mumbai? Plus 20 years is an awfully long time for even this judgment. We are really sorry about what state is in India now." Chartered accountant Chirag Chauhan had suffered serious injuries to his spine which left his lower body paralysed. He has since been wheelchair-bound. He said, "From what I have read in the news, SC's emphasis is on the HC judgment not being used as a precedent. I believe the SC might review the HC judgement subsequently. I have some hope from the SC for justice." You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai Artist Mahendra Pitale, who was maimed, now uses a bionic arm. He said, "I felt some hope after learning about the SC order. I hope the authorities go through the evidence thoroughly and convict the real perpetrators in order to send a strong message. If the arrested accused are innocent, it means the real perpetrators are still roaming the streets of Mumbai scot-free. There is a possibility they could be part of another sinister plan. Acquittals will only embolden other attackers," Pitale said. Subhash Saboo, who lost his father Nathmal, said, "With the SC staying the HC ruling and hearing the state's appeal, we are hopeful justice will be served to all the victims like my family and the guilty will get punished." Another survivor Hansraj Kanojiya said, "The perpetrators should be punished as soon as possible. This case should not drag for a long time in the SC. The administration knows who the actual criminal is. We hope for a positive result." Some other families have closed themselves off, unwilling to share their grief any longer.
Mint
2 days ago
- Business
- Mint
ITR 2025: What is long-term capital gains tax? Exemption limit, rate of tax and other details
During financial year 2024-25, if a taxpayer sold a capital asset, including a property or jewellery, they are liable to pay capital gains tax, subject to certain rules and exemptions. The current rate of long-term capital gains tax, which came into force on July 23, 2024, is 12.5 per cent on all financial and non-financial assets. Here, we give a lowdown on capital gains tax and the related provisions: I. Long-term capital gains: Listed financial assets will have to be held for more than a year, while unlisted financial assets and all non-financial assets will have to be held for a minimum of two years to be classified as long-term. II. Exemption on financial assets: There is an exemption of ₹ 1.25 lakh on certain listed financial assets. III. Tax rate on debt funds: Unlisted bonds and debentures, debt mutual funds and market-linked debentures, irrespective of holding period, will attract tax on capital gains at applicable rates, i.e., based on the tax slab. IV. Short-term capital gain: On specified financial assets, there is a tax rate of 20 per cent. On all other financial assets and non-financial assets, the rate of tax would be the applicable rate. V. Since when have these provisions been in force? The new provisions for taxation of capital gains came into force from July 23, 2024 and will apply to any transfer made on or after this date. Earlier, there were three holding periods for considering an asset to be a long-term capital asset. Since July 2024, the holding period has been simplified. Now, there are only two holding periods: one year for listed securities and two years for all other assets. VI. Exemption by reinvesting gains: One must reinvest the entire gains in a residential property to claim exemption, which is capped at ₹ 10 crore. Exemption can also be claimed by reinvesting the gains up to ₹ 50 lakh in bonds under section 54EC. "Taxpayers must be aware that when the sale of an asset (that led to capital gain) and the repurchase of another asset take place in different financial years, then certain rules kick in. For instance, one has to invest the sale proceeds in the capital gains account if not invested within the financial year, and ITR due dates fall in between. Additionally, there is a cap of ₹ 10 crore on the maximum exemption which is allowed," says CA Chirag Chauhan, a Mumbai-based chartered accountant. In the case of capital gains on securities, it is important to reinvest the entire proceeds to claim the exemption, he adds. For all personal finance updates, visit here
Deccan Herald
4 days ago
- General
- Deccan Herald
Mumbai 7/11 train blast case: Maharashtra govt, ATS contemplate challenging the acquittal in SC
I am one of the blast survivors, Personally I have forgiven the terrorists long back and moved on with my life However, the Law of the land failed today to deliver justice to 200-plus people who were killed and many who are permanently disabled I wish we had Shri Narendra… — CA Chirag Chauhan (@CAChirag) July 21, 2025 19 years ago, on 11 June 2006, 7/11 Mumbai train blasts changed my life. I survived paralysis & became wheelchair-bound. Yet, I never gave up Here are my 19 achievements to inspire you to focus on one goal at a time & keep pushing! — CA Chirag Chauhan (@CAChirag) July 11, 2025
Mint
7 days ago
- Business
- Mint
Income Tax: ITR-2 enabled for filing return through online mode
The income tax (I-T) department has now enabled ITR-2 for filing returns through online mode with pre-filled data at the e-filing portal. ITR-2 is meant for the individuals who want to file their Income Tax returns (ITR) of income from sources such as salary, pension, capital gains, and other sources. Meanwhile, taxpayers who earn from business or profession are supposed to use ITR-3. 'In online mode, most details are auto filled, it is more user friendly. When someone opts for the excel utility, one can simply download it and fill at their leisure. Excel has been around for a longer period and the department has continued it whereas the online version is more user-friendly,' says CA Chirag Chauhan, a Mumbai-based chartered accountant. On July 11, income tax department released the excel utilities of ITR-2 and ITR-3 for AY 2025-26. Prior to that, excel utilities of only ITR-1 and ITR-4 were released. When taxpayers file their tax return through excel utility, they must generate a JSON file and upload it to the portal whereas the online utility is considered more user-friendly and convenient by taxpayers. ITR-1: It is meant for resident individuals with a total income of up to ₹ 50 lakh. ITR-2: It can be used by individuals or Hindu Undivided Families (HUFs) who are not eligible to file ITR-1 (Sahaj). ITR-3: This is meant for individuals and HUFs engaged in business or profession requiring the maintenance of elaborate books of accounts. ITR-4: It can be filed by a Resident Individual/ HUF/ Firm (other than LLP) who has income not exceeding ₹ 50 lakh during the FY, income from business and profession computed on a presumptive basis u/s 44AD, 44ADA or 44AE, income from salary/pension, one house property, agricultural income (up to ₹ 5,000) and other sources. ITR-5: This income tax form can be used to file ITR by a firm, Limited Liability Partnership (LLP), Association of Persons (AOP), Body of Individuals (BOI), and Artificial Juridical Person (AJP). For all personal finance updates, visit here
The Print
13-07-2025
- General
- The Print
Local train bombing survivor misses Mumbai's lifeline, seeks empathy not sympathy
While many of his friends and family members saw this as a monumental tragedy, Chauhan, now a successful Chartered Accountant having his own firm, saw it as the beginning of a different, and in many ways, more fulfilling journey. On July 11, 2006, as a 21-year-old Chartered Accountancy student, Chauhan was on his way home when a bomb ripped through his train, forever changing his life as the blast left him with a spinal cord injury, confining him to a wheelchair. Mumbai, Jul 13 (PTI) A survivor of the 2006 Mumbai train blasts, Chirag Chauhan, remembers the local train not with a heavy heart of a victim, but with the fond nostalgia of a Mumbaikar who simply misses his city's lifeline. 'I used to wish that I had missed the train that day, but then I realised whatever destiny has in store is going to happen,' he told PTI, with a calm that belies the horror he survived. He had left work early that day, something he didn't usually do. It was an unusual decision that placed him on a train with a bomb just two to three feet away from him. The bomb exploded between between Khar and Santacruz stations. While many on the train that day didn't survive, Chauhan somehow did. Seven blasts occurred at different locations in the Western line of the city's local trains within a span of 15 minutes, killing over 180 persons and injuring several others on July 11, 2006. The familiar rhythm of a Mumbai local train is a song for Chauhan which he hasn't heard in nearly two decades. One can visualise the shine in his eyes when he spoke of how much he misses travelling by the local trains. The screech of the brakes, the slam of the doors, and the collective rush of thousands of lives moving in unison — these are the memories that today seem to him of a different time, a different life. 'I wish I could travel in the local,' says Chauhan as for him getting back on a train won't be about conquering a fear, it will be about reclaiming a small piece of his life and participating in a shared experience — a simple, human desire for a connection with the city he loves. He wishes to travel one day on the Vande Bharat Express, which he's heard is more accessible. 'I heard it's more accessible, but I'm just figuring out if I get a chance, I will definitely go to Vande Bharat. They even have an accessible coach, which is wheelchair friendly and accessible. That's what I heard. But I want to try it out,' he said. For Chauhan, getting back on a train won't be about conquering a fear. It will be about reclaiming a small piece of his life and participating in a shared experience — a simple, human desire for a connection with the city he loves. Today, at 40, Chauhan is a successful CA with his own practice and staff of 10. He admits to the 'systematic handicap' that remains in India for the disabled, from inaccessible buildings to old-school attitudes, but he refuses to let it define his journey. 'But one should not find fault with the system. If you have to achieve, you have to find ways to cross over,' he says. Chauhan has learned to navigate a life that he had not dreamt of, and he's not bitter about it. When people sympathise with him, he accepts the sentiment and moves on. 'You cannot continue to explain to everybody that we need empathy and not sympathy,' Chauhan, who identifies himself as a survivor of a tragedy and a man who remade his life from scratch, said. He explained that he knows that people are attempting to support him, but what he really seeks is a greater connection — a comprehension of his experience rather than sympathy for his situation. In 2009, after passing his CA exams, Chauhan was invited to attend a rally in Mumbai to be honoured for his success by the then Chief Minister of Gujarat, Narendra Modi, who subsequently became the country's prime minister. 'It was an honour to be recognised,' he said, adding, 'after that I focused on my personal life, juggling with my own world.' For Chauhan, who worked in a multi-national and a bank, focus remained on his new journey — building a practice, launching a startup and managing other ventures. PTI SKL RT This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
