From October 2026, resident individuals and Hindu Undivided Families buying property from non-resident sellers will be able to use their PAN for TDS compliance, streamlining the process while maintaining tax obligations. From 1 October 2026, resident individuals and Hindu Undivided…
The Patna High Court has directed Central GST and Customs officials to refund a taxpayer Rs 1.24 lakh paid twice in pre-deposit, along with 12% interest and costs, highlighting issues in administrative procedural lapses and judicial intervention in tax disputes.…
The Employees’ Provident Fund Organisation has launched a new automatic transfer mechanism that simplifies the process of transferring provident fund balances when workers change jobs, reducing delays and paperwork. The Employees’ Provident Fund Organisation has switched on a new automatic…
During busy festive seasons, ATM glitches can cause panic. Experts advise on recognising error messages, avoiding hasty actions, and ensuring proper redress through RBI rules if transactions fail due to technical faults. If an ATM screen suddenly flashes an error…
A new guide emphasises the importance of confirming the legal entity and specific authorisation category of payment aggregators, highlighting risks of relying solely on branding and outdated approvals amid RBI’s unified regulatory framework. For merchants, the real question before signing…
The insurance ombudsman offers a free, accessible, and binding forum for policyholders to resolve claims disputes without the need for legal action, provided certain procedural steps are followed. For many policyholders, the insurance ombudsman is the first realistic route out…
A Shimla-based consumer commission has held a private bank accountable for misleading practices after an unauthorised surprise verification of pledged gold found the items to be fake, highlighting new RBI guidelines on transparency and borrower consent in gold loans. A…
The Pension Fund Regulatory and Development Authority plans to significantly expand the National Pension System, targeting 20-30 million new subscribers through a new digital ‘Tatkal’ route, with ambitions to reach up to 400 million non-government pension holders by 2028. The…
India’s insurance regulator plans to expand access by involving telecom outlets, Common Service Centres, banking correspondents, and local entrepreneurs in the distribution network, while reforming commission and product guidelines to boost coverage and transparency. India’s insurance regulator is preparing to…
The Indian government has kept interest rates on small savings schemes unchanged for the October-December quarter, marking a decade of steady policy amidst rising bond yields and ongoing reliance on household savings for financing. The Indian government has kept interest…
India’s consumer affairs machinery steps in to clarify that the new 0.4% merchant fee on select UPI transactions will primarily affect large payments accepted by merchants, while remaining free for most users, amidst growing concerns over who bears the cost.…
The Reserve Bank of India has introduced new regulations for bulk fixed deposits, increasing disclosure requirements and aligning rate offerings across channels to benefit high-net-worth individuals and institutions. The Reserve Bank of India’s latest deposit pricing rules, which took effect…
