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LOWER PROVISIONS
Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...- RBI says UPI-linked credit lines must follow same rules as traditional loans; Closes regulatory arbitrageThe Reserve Bank of India has mandated uniform prudential treatment for all credit facilities, including those disbursed via UPI. This move...
- Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
- Lucknow fire tragedy: Four arrested; accused owners of buildingFour joint owners of a commercial building in Lucknow's Aliganj have been arrested following a devastating fire that claimed 15 lives. The ...
- Sebi proposes sweeping revamp of technology rules for stock exchangesSebi has proposed a major revamp of technology and cyber security rules for stock exchanges, clearing corporations and depositories. The re...
- Father’s Day: The financial legacy children truly inheritIndian fathers are redefining legacy, moving beyond just assets to financial behaviour. The rise of micro-investing and digital platforms a...
- Maruti Suzuki, M&M & Tata Motors eye UK fast lane under trade pactIndian carmakers are set to boost their electric vehicle exports to the UK following a new trade agreement. This pact allows duty-free ship...
- TMC's Abhishek Banerjee meets LS Speaker, seeks disqualification of 20 'rebels'Trinamool Congress leader Abhishek Banerjee has submitted 20 petitions to Lok Sabha Speaker Om Birla, seeking the disqualification of 20 re...
- When a small footnote is used as a tool to make a weak balance sheet look strongThis is the uncomfortable truth about company accounts. A number on a balance sheet is not always cash that will return, and a liability tu...
- NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
- Mutual funds cut PSU bank exposure to 8-month low in May. Warning sign or buying opportunity?Mutual funds have cut their stake in PSU banks to an eight-month low. This move has led to discussions about whether it signals caution or ...
- 'We did it': Modi, Starmer caught on mic hinting at breakthrough in UK-India trade dealPrime Minister Narendra Modi and UK Prime Minister Keir Starmer were overheard at the G7 summit appearing to confirm a breakthrough in impl...
- Bank provisioning at 3-year low on better recoveries, asset qualityBanks' loan loss provisioning hit a 12-quarter low in March 2026, driven by private sector banks amid improving asset quality and recoverie...
- TCS to take $70 million hit after US Supreme Court rejects appeal in trade secrets caseTata Consultancy Services will book a $70 million charge in the first quarter of FY27. This follows the US Supreme Court's decision not to ...
- IPO-bound Zetwerk’s FY26 operating revenue rises to Rs 15,900 crore: CrisilIPO-bound Zetwerk anticipates a rise in operating income to Rs 15,900 crore in FY26, driven by strategic exits from non-core segments and r...
- Ashok Leyland, Tata Motors and other CV stocks soar up to 9%. What’s triggering the surge?US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz,...
- Strait of Hormuz reopening to ease oil supply risks for India as US-Iran reach truce dealA "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil...
- Assam brings in MGR for liquor licences; prices likely to rise from July 1Assam's excise laws have been amended. A new provision, Minimum Guaranteed Revenue, will be introduced for liquor license holders. This wil...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
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