Navigating the complexities of term insurance requires careful consideration of coverage needs, policy duration, documentation, and avoiding common pitfalls, as experts emphasise a thorough, informed approach. Buying term insurance is usually less about the decision itself than about getting the…
Businesses and professionals in India need to closely scrutinise both turnover and the nature of transactions as new audit obligations come into force in 2026, with thresholds adjusted based on cash dealings. Indian businesses and professionals facing audit obligations in…
The Indian government-backed Senior Citizen Savings Scheme continues to provide retirees with an attractive 8.2% annual fixed income, offering a reliable alternative for predictable retirement cash flow despite tax considerations and maximum deposit limits. For retirees looking for a steady…
PPFAS GIFT City has significantly lowered the entry point for its passive funds, making overseas US stock access easier for Indian retail investors, though with new tax and compliance considerations. PPFAS GIFT City has sharply lowered the entry point for…
Confusing loan write-offs with waivers can have significant implications for borrowers and lenders alike. Experts clarify that a write-off is an accounting move, not a debt forgiveness, highlighting the importance of understanding the distinction amid ongoing discussions about distressed assets…
India’s Employees’ Provident Fund Organisation introduces stricter withdrawal procedures and clarification to protect long-term savings, aiming to balance accessibility with retirement security. For millions of salaried workers in India’s private and organised sectors, the Employees’ Provident Fund remains one of…
India’s Supreme Court has directed the government to investigate allegations that private verification companies are exploiting sensitive employment and tax records, raising questions about data protection and privacy standards in the digital economy. India’s Supreme Court has told the federal…
India’s Supreme Court has ordered all states to establish Special Investigation Teams to scrutinise suspected fraudulent motor accident insurance claims, aiming to curb abuse and protect genuine policyholders from inflated premiums. The Supreme Court of India has ordered every state…
The Supreme Court has ruled that tax authorities must specify factual grounds in show-cause notices alleging fraud under Section 74 of the CGST Act, limiting the use of extended limitation periods. The Supreme Court has said tax authorities cannot use…
The Reserve Bank of India has introduced a revised framework enabling smaller non-banking financial companies with assets below ₹1,000 crore to potentially operate without mandatory RBI registration, signalling a significant regulatory shift. The Reserve Bank of India has opened a…
The Supreme Court has ruled that taxpayers cannot use section 264 of the Income-tax Act as a workaround to introduce late tax claims after the revision window has closed, reinforcing the importance of timely filing and correction of returns. The…
Taxpayers in India should exercise caution with surprise income tax refunds, as excess payments can stem from processing errors and lead to penalties and interest if not promptly addressed, say tax experts. A surprise income tax refund can feel like…
