Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...
FPIs get tax relief on gilts, ease of InvestmentIn a strategic step to lure foreign investment, India has eliminated taxes on capital gains and interest for overseas investors in its gove...
RBI MPC decision: How should mutual fund investors change their strategy after rate pause?The Reserve Bank of India maintained the repo rate at 5.25%, reflecting a cautious stance amid global uncertainties and inflation risks. Ex...
Growing role of SMRs for defence manufacturing and data centre operationIndia's growing defence and data centre sectors face a critical need for reliable power. A recent policy dialogue explored Small Modular Re...
Experts highlight growing role of SMRs for defence manufacturing and data centre operationIndia's defense production and data center sectors face a critical power supply constraint. A recent policy dialogue highlighted Small Modu...
SC GST ruling on online gaming may cast wider tax net over casinos, horse racingA recent Supreme Court judgment clarifies that the GST valuation framework applies broadly to all betting and gambling activities, not just...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
At 52, ex-teacher realises her lifelong goal, gifts a CA degree to her father on his 75th birthdayDefying age, Anita Kapdi achieved her dream of becoming a Chartered Accountant at 52. A former teacher, she pursued her passion for account...
International funds top return charts, but overseas investment limits persist. Should you continue SIPs or explore alternatives?International mutual funds are leading in returns, driven by global markets and currency gains. However, Indian investors face hurdles due ...
CCPA imposes Rs 7 lakh penalty for misleading claims relating to UPSC civil services examination resultsThe Central Consumer Protection Authority has fined Vajiram and Ravi IAS Study Centre Rs 7 lakh. The coaching institute published misleadin...
AkzoNobel rejects €12.5 billion Nippon Paint, Sherwin-Williams takeover offerDulux paint maker AkzoNobel has rejected a massive takeover offer. Rivals Nippon Paint and Sherwin-Williams proposed a €12.5 billion deal. ...
Himalaya Wealth Managers launches Rs 500 crore SME-focused AIF to bridge equity capital gapHimalaya Wealth Managers LLP has launched Himalaya SME Scheme-I, a Rs 500 crore AIF, to address the equity risk capital gap for high-potent...
Pushp Brand files IPO papers with SebiPushp Brand (India) is preparing for its initial public offering. The spice manufacturer plans to raise between Rs 800 crore and Rs 1,000 c...
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 29%In the initial phase of recovery, because every stock was beaten down, we may see a rally with good market breadth. But, over time, stocks ...
Do SIPs really work? ET Wealth-Crisil SIP Study shows long-term SIP investors have almost zero chance of losing money; here’s whyA 10-year SIP investor has zero chance of losing money, while a 4-year investor has an 80% probability of earning over 10%. The ET Wealth–C...