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Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
ET Prime Special Series: Multibagger or IBC - Part 70: Almost nobody tracks this company. That may be why its turnaround was missedVery few investors track this old auto supplier, and that may be exactly why its turnaround went unnoticed. This is a business that spent y...
Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT MumbaiWife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai ...
Madhuri Dixit sells two properties in Mumbai’s Andheri, Juhu for Rs 9.2 croreMadhuri Dixit has sold a commercial office in Andheri West and a residential apartment in Juhu for a combined Rs 9.25 crore. The deals refl...
India-UK trade pact to boost agri, auto exports with lower tariffs, better market access: ExpertsThe India-UK CETA agreement enhances agricultural exports by reducing tariffs on processed food products. This pact improves India's price ...
SC proposes no fuel for uninsured vehicles, seeks tech-driven road safety overhaulThe Supreme Court has directed the Centre to design a pilot project denying fuel to uninsured vehicles. This initiative aims to improve roa...
FISME seeks GST overhaul to ease MSME complianceFISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST...
Talking cars coming from 2028: How V2V communication will change driving in IndiaVehicles will soon exchange real-time data like speed and position. This communication aims to provide advance warnings for critical safety...
Indian cigarette makers ITC, Godfrey Phillips, VST Industries see revenue and profit decline after tax hikeLeading Indian cigarette firms reported revenue and profit declines in the recent quarter. This downturn followed significant government ta...
India PV sales hit record high in July, up 34% on strong demand and GST cutsAs per industry estimates, around 469,000 passenger cars, utility vehicles and vans were dispatched from factories to dealerships last mont...
GST collections stay on track, rise 15% in JulyIndia's July GST collections surpassed ₹2.11 lakh crore, showing a 15.4% year-on-year increase. Import GST surged significantly, contributi...
PV sales grow 33% in July at 4.7 lakh, Maruti, Hyundai log record salesPassenger vehicle dispatches saw a significant 33 percent increase in July. Maruti Suzuki and Hyundai led this growth with record domestic ...
ITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisisITC's first quarter net profit declined twenty-seven percent year-on-year. Record taxation on cigarettes significantly impacted the company...
Mumbai records best-ever July property registrations, stamp duty collectionsMumbai's property market achieved its best-ever July performance with strong housing demand. The city recorded its highest-ever property re...
No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
NSE Q1 Results: Profit rises 7% YoY to Rs 3,120 crore; revenue up 9%National Stock Exchange reported a seven percent profit rise for the June quarter. Higher transaction charges and strong operating margins ...
Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...