Recent tax changes have narrowed the advantage of fixed deposits over debt mutual funds, shifting the focus to risk, liquidity, and investor preferences in choosing where to park ₹10 lakh. For savers weighing where to park ₹10 lakh, the decision…
South Korea’s financial authorities reopen applications for the Youth Tomorrow Savings plan, offering improved matching contributions and greater flexibility for young savers to switch from existing accounts amidst strengthened verification measures. South Korea’s financial authorities will open a second round…
An Indian who moved to the US for work successfully challenged an ₹8.29 lakh penalty, with the Jaipur tribunal recognising his late filing as an inadvertent lapse due to relocation stress and limited understanding of tax rules. An Indian taxpayer…
India’s Finance Ministry assures that new rules under the Unified Payments Interface will not introduce charges for most users, focusing instead on ensuring the system’s sustainability without burdening small transactions or individuals. India’s Finance Ministry has moved to calm fears…
The Indian government has officially implemented rules ensuring no charges on UPI transactions up to ₹2,000 and RuPay debit card payments, aiming to foster continued growth in the country’s rapidly expanding digital payments landscape while addressing funding concerns. India has…
India’s securities regulator has unveiled a comprehensive IT Resilience Index and strengthened disaster-recovery requirements for market infrastructure institutions to prevent operational failures and enhance market confidence. India’s markets regulator has sharpened its focus on technology risk, unveiling a set of…
India’s central bank introduces strict guidelines requiring banks to return original property deeds within 30 days of loan repayment, with penalties for delays, aiming to enhance borrower rights and accountability. India’s central bank has tightened the rules on what happens…
The Delhi High Court has overturned a reassessment order, citing a breach of natural justice as the tax officer curtailed the taxpayer’s response window to less than half the statutory period, raising concerns over procedural safeguards in tax reassessment processes.…
As retirees seek predictable income from a Rs 20 lakh corpus, the choice between Senior Citizens Savings Scheme, Post Office Monthly Income Scheme, and Time Deposit hinges on payout frequency and risk appetite, with recent rates favouring the SCSS for…
Recent decisions by the Income Tax Appellate Tribunal in various cities have bolstered taxpayers’ claims for full rebate under Section 87A on short-term capital gains taxed under Section 111A, signalling a shift in legal interpretation and potential relief for taxpayers…
India’s equity derivatives market, a vital tool for price discovery and risk management, faces scrutiny as regulators implement cautious reforms to address retail trader losses and market volatility amidst evolving structural concerns. India’s equity derivatives market has become a case…
India’s central bank proposes a standardised process for banks to place temporary holds on suspicious transactions, alongside enhanced AI monitoring and new measures to combat deepfake fraud and drone threats, signalling a comprehensive move towards faster detection and response to…
