India’s top audit body has highlighted widespread GST violations totaling Rs 401 crore in the works contract and construction sector, exposing systemic enforcement weaknesses and audit challenges across multiple states and departments. India’s top audit body has flagged widespread GST…
India has amended tax laws to make dividend payouts from REITs and InvITs tax-free across the board, aiming to attract more investors, although some complexities remain. Parliament’s latest tax amendment takes aim at one of the more awkward corners of…
Balanced hybrid mutual funds, with their defined equity-debt mix, are gaining traction as a suitable investment option for moderate-risk investors, amidst changes in the regulatory framework and market dynamics. Balanced hybrid mutual funds are emerging as a middle path for…
India’s pension regulator has launched the NPS e-shramik, a new retirement savings option for gig and platform workers, allowing contributions from as little as Rs 99 and offering flexible, simplified enrolment through digital platforms. India’s pension regulator has opened a…
Navi Mutual Fund launches a playful campaign featuring humour and relatable scenes to make index fund investing less intimidating and more accessible for young investors in India, amid rising popularity and widespread misconceptions about passive investing. Navi Mutual Fund has…
With fixed returns backed by government guarantee, Post Office Time Deposits are becoming an attractive choice for conservative savers aiming to build a secure retirement corpus, especially with added tax benefits and predictable yields. For anyone building a retirement cushion,…
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…
