A Gurugram senior citizen successfully secures a ₹9.91 lakh refund from the Income Tax Appellate Tribunal after mistakenly paying tax on interest from tax-free bonds, highlighting the importance of correct tax filings and record-keeping. A senior citizen from Gurugram has…
In India, inheriting property involves more than emotional ties , a complex paper trail of documentation and old valuations can significantly impact future tax liabilities, especially for capital gains calculations. Inherited property can feel like a windfall, but in India…
India’s insurance distribution landscape is undergoing a significant transformation as regulatory reforms prompt companies to diversify income sources and focus on efficiency, exemplified by PB Fintech’s strategic pivot amidst tighter commission controls and expense limits. India’s insurance distributors are beginning…
India’s Reserve Bank has introduced a new, more stringent foreign exchange reporting framework for service exporters, including small and individual providers, effective from 1 October 2026, aiming to streamline compliance but raising industry concerns over practical implementation. India’s central bank…
The GST Council is considering procedural changes to simplify compliance for small online merchants, including platform-based registration, dispute reduction measures, and automation reforms, as part of a broader push for a more trust-based tax system. The GST Council is set…
A Maharashtra consumer commission has ordered an insurer to pay Rs70 lakh plus interest and compensation after rejecting a claim over a BMW destroyed in a fire following a roadside puncture, citing reasonable precautions by the driver. A Maharashtra consumer…
India’s GST Council is set to meet on 7 October to focus on administrative process reforms, including e-invoicing and faster refunds, as part of the GST 2.0 upgrade, rather than rate revisions. India’s GST Council is set to meet on…
The Reserve Bank of India introduces stricter foreign-exchange reporting requirements for freelancers, YouTubers, influencers, and other digital service exporters, aiming to formalise overseas earnings declarations and enhance compliance from October 2026. From 1 October 2026, the Reserve Bank of India…
India Post’s five-year recurring deposit scheme remains a safe and predictable investment option for families, offering a fixed 6.7% interest rate with added flexibility, despite the ongoing freeze on small savings rates. India Post’s five-year recurring deposit scheme remains one…
Recent GST rulings have sharply lowered tax liabilities for major online gaming companies in India, offering a rare respite amid ongoing regulatory battles and raising questions about future legal outcomes for the sector. India’s online gaming industry has received an…
A Dubai-based non-resident Indian successfully challenged an income tax demand relating to a property purchase after the Mumbai tribunal ruled the reassessment notice was procedurally invalid, emphasising the importance of proper legal approval in tax assessments. A Dubai-based non-resident Indian…
A Haryana consumer commission has ordered a private insurer to pay Rs 5 lakh and additional damages after rejecting claims of concealed illness, highlighting a trend of courts scrutinising insurer denials lacking credible evidence. A Haryana consumer commission has ordered…
