The Delhi bench of the Income Tax Appellate Tribunal has clarified that interest paid under section 28 of the Land Acquisition Act cannot be taxed separately as income when the land in question is classified as rural agricultural and outside…
The number of individuals reporting gross income of ₹100 crore or more has increased nearly four times over five years, sparking analysis of India’s growing ultra-rich class amid ongoing poverty and inequality reduction efforts. India has seen a sharp increase…
Foreign investors eyeing India must carefully choose their business setup, balancing control, local knowledge, and compliance, as new regulations reshape market entry strategies. Foreign investors looking at India are often drawn by its scale, but the first decision is rarely…
The National Stock Exchange of India advances with plans for a potentially record-breaking IPO, despite regulatory hold-ups and extensive international investor engagement aimed at securing support for the landmark listing. The National Stock Exchange of India is pushing ahead with…
Equity savings funds, blending shares, arbitrage, and bonds, appeal to cautious investors seeking balanced growth with favourable tax treatment, amidst performance suited for medium-term goals. Equity savings funds sit in a middle ground between pure equity schemes and debt-heavy products,…
The Madras High Court has criticised tax officials for procedural lapses during a GST search on a jewellery firm, emphasising the need for fairness and proper legal protocols in tax assessments and seizures. The Madras High Court has criticised tax…
Post office small savings schemes such as PPF, Sukanya Samriddhi Yojana, and Senior Citizens’ Savings Scheme can now be transferred to banks seamlessly, enhancing convenience for savers and enabling digital access without account closure. Post office small savings account holders…
Deepak Shenoy challenges traditional views on SIPs, emphasising their alignment with monthly earning and spending cycles for better disciplined investing and wealth building. Deepak Shenoy has argued that the real case for systematic investing is less about market timing and…
Mutual fund taxation in India now depends on fund classification, holding period, and purchase date, with recent changes after the 2024 Union Budget significantly impacting short- and long-term gains for investors. Mutual fund tax in India is not a flat…
India’s government-backed SCSS provides retirees with a predictable income stream at 8.2% interest, offering stability and tax benefits for long-term retirement planning. For many retirees, the central challenge is not accumulating savings but turning them into a dependable income stream.…
The Press Information Bureau warns taxpayers to remain vigilant against a rising phishing attempt demanding Rs 6,000, emphasizing the importance of verifying notices through official channels to avoid falling victim to fraudsters mimicking the Income Tax Department’s communications. The Press…
Members struggle with opaque rejection messages and delays in claiming their provident fund savings, highlighting the challenges of digitalisation in social security systems. EPFO members are increasingly describing a familiar but dispiriting pattern: provident fund claims that appear to stall…
