A Mumbai tax tribunal has clarified that penalties under Section 270A of India’s Income-tax Act are not applicable where there is no real tax effect or genuine under-reporting, potentially impacting a broad range of taxpayers including charitable trusts. A Mumbai…
SBI Mutual Fund launches its second strategy under the SIF platform, targeting opportunities in mid and small-cap equities with a flexible long-short approach, marking a significant expansion in India’s specialised investment landscape. SBI Mutual Fund has launched its second strategy…
Section 44AD, a key provision for small Indian entrepreneurs, sees adjustments in eligibility and compliance requirements for the assessment year 2026-27, affecting how small businesses report taxable income under the Income-tax Act 1961. Section 44AD remains one of the simplest…
As India considers reintroducing merchant fees on its flagship UPI system, the move risks stirring domestic political and international trade tensions, with implications for the future of its digital infrastructure and US-India economic relations. India’s debate over whether to reintroduce…
Freelancers in India must adhere to new tax filing deadlines and choose appropriate return forms, with experts highlighting simplified presumptive schemes and meticulous record reconciliation for assessment year 2026-27. Freelancers in India need to pay close attention to their income…
India’s central bank has seen unprecedented foreign currency deposits surpass initial forecasts, with inflows reaching $41 billion and potentially hitting up to $100 billion as the FCNR-B scheme gains momentum amid currency pressure. India’s central bank has drawn far more…
The finalisation of the 8th Central Pay Commission’s recommendations faces delays, with potential arrears accumulation reaching into early 2028, sparking concern among millions of employees and retirees about delayed pay hikes and financial planning amidst ongoing consultations and scam warnings.…
The Reserve Bank of India has proposed increased housing loan limits for rural co-operative banks, aiming to improve access to credit in smaller towns, alongside stricter risk management measures. The Reserve Bank of India has proposed sharply higher housing loan…
The National Stock Exchange has barred LIC and Bandhan Bank from the derivatives segment after their open interest surged past market limits, reflecting ongoing regulatory efforts to curb stock market volatility. The National Stock Exchange barred Life Insurance Corporation of…
The National Stock Exchange of India has unveiled a comprehensive plan to tighten regulations for authorised persons, including enhanced eligibility criteria, technology safeguards, and broker accountability measures, amid broader market tightening efforts. The National Stock Exchange of India has proposed…
