Gifts from specified relatives are generally exempt from income tax, but receiving Rs 2 lakh or more in cash can trigger a separate compliance breach, while non-relative gifts become taxable above the annual Rs 50,000 threshold. Diwali often brings a…
A review prompted by the Buch controversy found that SEBI employees have long faced enforceable trading and disclosure obligations, while equivalent rules for the regulator’s board members remained largely voluntary. SEBI’s long-running conflict-of-interest rules have exposed a striking inconsistency: the…
UIDAI says Aadhaar is used to verify identity, not access financial holdings, while users can lock biometrics and use masked Aadhaar details for added protection. Many Aadhaar holders worry that if their number is shared, their bank balance or investments…
Cash offers the most freedom, but tax and payroll treatment can reduce its appeal; multi-brand vouchers may deliver greater practical value than retailer-specific rewards. A Rs 2,000 festive gift may look identical on paper, but its real-world value can vary…
Companies can file FY26 financial statements by 31 December 2026 and annual returns by 31 January 2027 without additional fees, but AGM obligations remain unchanged. India’s Ministry of Corporate Affairs has given companies more time to complete annual statutory filings…
Students renewing Central Sector and Jammu, Kashmir and Ladakh scholarships must apply by 31 October 2026, with institute checks ending on 15 November and higher-level verification on 30 November. National Scholarship Portal users have until October 31, 2026, to complete…
Passengers buying reserved tickets at station counters will be able to opt for insurance worth up to ₹10 lakh from 27 October, extending a scheme previously focused on online bookings. Indian Railways will extend its optional travel insurance scheme to…
India’s Ministry of Corporate Affairs has extended deadlines for companies struggling with technical problems on the MCA 21 portal, while warning that annual general meeting obligations remain unchanged. India’s corporate affairs ministry has pushed back the filing deadlines for annual…
India’s GST Appellate Tribunal has ordered refunds on eight Covid-era claims, saying airlines can recover tax on cancelled tickets when they return the full fare and maintain passenger-level records. Singapore Airlines has won a key ruling on Indian goods and…
Passengers buying reserved tickets at railway reservation counters will be able to opt for cover of up to ₹10 lakh from 27 October, following a Supreme Court order. Indian Railways will begin offering optional travel insurance to passengers buying reserved…
India’s markets regulator is preparing safeguards against trading-terminal misuse while considering risk-based broker rules, an AI sandbox and a unified digital inspection system. Sebi is preparing a new framework to curb the misuse of trading terminals, as chairman Tuhin Kanta…
The revised India-Mauritius tax treaty preserves protection for qualifying gains on shares bought before 1 April 2017, while raising scrutiny of low-substance holding structures and other income. India’s revised tax treaty with Mauritius has sharpened the focus on how foreign…
