India has simplified its data centre tax regime with new amendments, aiming to attract more foreign cloud and AI infrastructure investments amid expanding domestic market prospects and ongoing infrastructure challenges. India’s bid to become a magnet for cloud and AI…
SEBI has replaced the dividend option label with income distribution cum capital withdrawal (IDCW) to prevent investor misconceptions, highlighting the differing tax effects and long-term growth impacts of payout, reinvestment, transfer, and growth options. IDCW, or income distribution cum capital…
Taxpayers awaiting their income tax refunds can now easily check their refund status online and identify common issues causing delays, according to official guidance and expert advice. If your income tax refund has not arrived after filing an ITR, the…
Experts warn that unsolicited contact about pensions often masks scams and advise savers to verify sources, avoid pressure, and seek independent advice before sharing personal information or making decisions. Unexpected contact about a pension should always be treated with caution,…
AI-enabled accounting technology is transforming routine financial tasks for small and medium-sized enterprises, offering increased efficiency and accuracy while prompting ongoing ethical and regulatory discussions. Artificial intelligence is steadily reshaping accounting, particularly for micro, small and medium-sized enterprises that want…
The Delhi bench of the Income Tax Appellate Tribunal clarifies that appellate enhancement powers are limited to items already examined in the assessment, reinforcing legal boundaries against introducing entirely new income sources, especially in accommodation entry cases. The Delhi bench…
A Mumbai tax tribunal has clarified that penalties under Section 270A of India’s Income-tax Act are not applicable where there is no real tax effect or genuine under-reporting, potentially impacting a broad range of taxpayers including charitable trusts. A Mumbai…
SBI Mutual Fund launches its second strategy under the SIF platform, targeting opportunities in mid and small-cap equities with a flexible long-short approach, marking a significant expansion in India’s specialised investment landscape. SBI Mutual Fund has launched its second strategy…
Section 44AD, a key provision for small Indian entrepreneurs, sees adjustments in eligibility and compliance requirements for the assessment year 2026-27, affecting how small businesses report taxable income under the Income-tax Act 1961. Section 44AD remains one of the simplest…
As India considers reintroducing merchant fees on its flagship UPI system, the move risks stirring domestic political and international trade tensions, with implications for the future of its digital infrastructure and US-India economic relations. India’s debate over whether to reintroduce…
Freelancers in India must adhere to new tax filing deadlines and choose appropriate return forms, with experts highlighting simplified presumptive schemes and meticulous record reconciliation for assessment year 2026-27. Freelancers in India need to pay close attention to their income…
India’s central bank has seen unprecedented foreign currency deposits surpass initial forecasts, with inflows reaching $41 billion and potentially hitting up to $100 billion as the FCNR-B scheme gains momentum amid currency pressure. India’s central bank has drawn far more…
