Advances in AI are transforming how Indian taxpayers claim tax relief for salary arrears, making the process faster and more accessible amid complex calculations and compliance requirements. Salary arrears can create an unwelcome tax surprise, because the payment is counted…
Effective family financial planning hinges on clear, specific goals, early action, and strategic money management, ensuring milestones like education, homeownership, and emergencies are financially achievable amidst life’s surprises. Families often think of major milestones as moments to celebrate, but they…
The Karnataka High Court has declared that goods and services tax cannot be levied on fees collected for building plan approvals, citing lack of statutory basis and regulatory nature of the process. The Karnataka High Court has ruled that goods…
Bank of Baroda and Canara Bank increase their Marginal Cost of Funds Based Lending Rate (MCLR) from August 12, potentially leading to higher EMIs on loans linked to this benchmark, amidst stable RBI repo rates. Bank of Baroda and Canara…
The Indian corrugated packaging industry warns that recent GST rate changes have created an inverted duty structure, locking up significant working capital and threatening the growth of a sector vital to logistics and circular economy initiatives. India’s corrugated packaging industry…
Business owners leverage EMI calculators to optimise loan repayment plans, balancing manageable instalments with overall interest costs amid a rise in digital lending options. Choosing a business loan is not just about securing funds quickly; the repayment structure can shape…
Sanjay Malhotra, Governor of the Reserve Bank of India, calls on banks to spearhead the use of AI in finance, leveraging India’s digital infrastructure amidst a global push for modernisation and stability. Reserve Bank of India Governor Sanjay Malhotra has…
India’s markets watchdog, SEBI, reports no evidence of manipulation in the phased rollout of the new closing auction mechanism designed to improve price discovery and market stability, as market participants continue to adapt to the changes. India’s markets watchdog has…
The Income Tax Department mandates the use of Form 144 for quarterly reporting of tax deducted at source on payments to non-residents, replacing Form 27Q from 2026, with detailed filing procedures and penalties outlined for non-compliance. Form 144 is now…
India’s Supreme Court has ruled that the omission of Rule 96(10) of the GST Rules applies to ongoing refund cases, providing relief to exporters and resolving legal ambiguities regarding pending IGST refunds. India’s Supreme Court has ruled that the omission…
India’s Securities and Exchange Board of India has reported no manipulation in its new end-of-day pricing mechanism, as market participants gradually adopt the reform designed to enhance transparency and fairness. The Securities and Exchange Board of India has not seen…
Investors should look beyond fund categories, as the actual risk depends on asset composition, concentration, and market sensitivity, with the SEBI-mandated Riskometer offering only a partial view. Mutual fund risk is not fixed by category alone. Two schemes with the…
