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2009 FINANCE ACT
Forged Will row: Buyer should not face criminal case for purchasing land on the basis of Will which police found to be forged; rules SCThe Supreme Court has shielded an innocent land buyer from criminal charges in a forged Will case. The buyer, unaware of the forgery, purch...- Why the G7 is worried about global economic imbalancesIn a pivotal discussion at the G7 summit, France is highlighting urgent concerns about the global economic landscape. China's robust export...
- The 20 stocks mutual funds are buying with Rs 1 lakh crore to defy historic FII sellingIndian mutual funds are investing Rs 1.07 lakh crore in 20 key stocks to counter historic FII selling. They are focusing on large-cap priva...
- Ordinance issued to increase number of Supreme Court judges from 34 to 38The government has increased the Supreme Court's judge strength. An ordinance now allows for 38 judges, up from 34. This includes the Chief...
- US small businesses pull back on investment: Only 16% plan CapEx in March, lowest since 2009US small businesses are becoming careful with money and reducing new investments. Many are facing rising costs, hiring issues, and uncertai...
- ITR assessment rules change from April 2026: Four key amendments explainedFour key changes to Income Tax Return (ITR) assessment rules will be effective from April 2026 for Tax Year 2026-27. These amendments, intr...
- CBI registers fresh case against Reliance Communications, Anil AmbaniThe CBI has registered a fresh case against Anil Ambani and Reliance Communications for allegedly causing a loss of ₹3,750 crore to Life In...
- Former Prime Minister Manmohan Singh passes away at 92Former Prime Minister Manmohan Singh passed away at AIIMS Delhi at age 92. Singh, known for his key role in India's economic reforms of 199...
- FATF session begins today, India review also to be taken upAccording to officials, the last mutual evaluation was conducted in 2009 and was delayed due to the Covid-19 pandemic. According to FATF, t...
- Competition law amendment bill gets President's assentThis is the first time since the enforcement of the Competition Act in 2009 that amendments are being made to the Act. The updated law prov...
- Companies setting up trusts for poll funding; can they ensure transparency?While electoral trusts may ensure some transparency, companies will still be asked to contribute over and above payments through such trust...
- Vote on Account 2014: 10 things that defined personal taxation in the last decadeLooking at the tax reforms implemented in last 10 years, it is clear that the intention has been to increase the tax base to generate more ...
- Levy of road cess on petrol, diesel yields Rs 8,806 cr in 9 monthsThe amount collected from AED during the year 2009-10 and 2010-11 was Rs 16,591 crore and Rs 16,979 crore, respectively.
- SEBI, MFs want tax benefit for equity-linked schemes in DTCUnder the IT Act, investments up to Rs one lakh in the ELSS and dividends accrued on them are exempted from tax.
- SEBI, MFs want tax benefit for equity-linked schemes in DTCMarket regulator Sebi and mutual fund houses have asked the finance ministry to continue with the tax benefits on equity linked schemes in ...
- Free education depends on FCWith the Planning Commission indicating that finding Rs 1,74,000 crore for the Act was difficult due to economic downturn, the HRD ministry...
- New Pension Scheme subscribers swell to over 5 lakh till JuneThe government said that more than five lakh people have subscribed to its New Pension Scheme till June-end. Under the scheme, 50 per cent ...
- Pvt PF & superannuation funds' equity returns set to be tax-freeGovt plans to give tax-free status to returns earned by private PFs and superannuation funds from their investments in shares of cos.
- Nath to take extension of tax sops to EoUs with PMCommerce and Industry Minister Kamal Nath will take up the tax incentives issue with Prime Minister Manmohan Singh in the next fortnight.
- Exporters get open-ended waiverExporters have cause to cheer. The finance ministry is set to grant an open-ended income tax exemption under Section 10 A of the IT Act to ...
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