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Israel cuts fuel tax as US-Iran conflict pushes up gasoline pricesIsrael's finance minister ordered a fuel excise tax cut for two months. This action addresses the recent surge in gasoline prices across th...- GST Council meeting likely to be postponed, say sourcesThe 57th GST Council meeting, scheduled for September 12, is likely to be postponed, with a final decision expected after consultations wit...
- Sebi's new sectoral debt fund category explained: Yields, tax and risksSEBI introduced sectoral debt funds allowing concentrated exposure in sectors like financial services and energy with high credit ratings. ...
- Highest senior citizen FD interest rates up to 8.50 in 2026: Top 5 fixed deposit rates from PSU, private and small finance banksHighest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed deposit rates currently. Equitas, ESA...
- No tax tangle, FPIs keen to move G-Sec money next dayForeign investors are advocating for expedited remittance processes after the Indian government introduced tax exemptions on bonds. They ar...
- GST returns, overseas investments, off-market stock deal come under AISThe Income Tax Department is set to enhance its Annual Information Statement by incorporating additional data. This revision extends to GST...
- Can NRIs gift money to an HUF and save tax? Check these income clubbing and tax rules before transferring fundsNRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's im...
- Rs 25 lakh cash deposited in bank, income tax officer sends notice for unexplained cash u/s 69; Taxpayer wins case in ITAT Bangalore, here's whyEmployee deposits Rs 25 lakh cash in bank; tax officer sends notice for unexplained cash u/s 69; Employee wins case in ITAT Bangalore; Know...
- Employee showed Rs 9.6 lakh EPF interest in ITR by mistake, got income tax notice: He fought and got full relief in ITAT MumbaiIncome Tax Dept sent tax notice for Rs 9.6 lakh EPF interest which employee never received but erroneously shown in ITR as received; he fig...
- Russian Sberbank works towards expansion in IndiaThe expansion comes as India and Russia seek to widen economic ties. The two countries have set a target of $100 billion in annual trade by...
- Can an NRI be a nominee for PPF, NSC or SCSS? Here’s what happens to the money after the account holder diesNRIs can now be nominees for India's small-savings schemes like PPF and NSC, a change from 2023. While they can receive proceeds, repatriat...
- ‘I was shocked’: Neelkanth Mishra hits back at ‘egregiously wrong’ claims on India’s GDP growthEconomist Neelkanth Mishra defended India's GDP growth numbers against revision claims. He stated economic indicators point to a stronger e...
- DGGI seeks payment trail to crack down on illegal betting networksThe DGGI proposed mandatory recording of website payment details to stop illegal gaming networks. This aims to plug financial system gaps e...
- Direct Tax Reforms: Parliamentary panel to meet tomorrow to discuss simplifying taxesA parliamentary committee will meet on September 3 to discuss direct tax reforms. The meeting will focus on simplification, rationalization...
- Fiscal deficit target for FY27 achievable, but slower nominal GDP growth may pressure fiscal space: ReportIndia's fiscal position remains comfortable in early FY27 months. Slower nominal GDP growth could pressure the fiscal deficit target. Gover...
- Will I inherit my family’s land in India if I become an NRI?ET Wealth Reader's Query: I would like to understand what happens to my rights over inherited agricultural land in India if I acquire forei...
- Wife gets income tax notice after husband sells joint property Rs 14 lakh below market price; she fights back and wins the case in ITAT KolkataWife escaped income tax notice as she proved in ITAT that her husband entirely paid for their joint property which was sold for Rs 14 lakh ...
- New trade rules raise compliance worries for banks over cross-border paymentsAs of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the valid...
- India's fiscal deficit for April-July at Rs 4.55 lakh crore, narrows to 26.8% of FY27 aimIndia's fiscal deficit reached 4.55 lakh crore rupees through July. This figure represents 26.8% of the annual budget estimates for this ye...
- FD rate up to 8.5% for senior citizens investing for five years; know the list of banksFor senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with...
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