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Airtel faces ₹6.48 lakh penalty for subscriber verification rule violation

The company received a notice from “The Department of Telecommunications, Assam LSA” for “imposing a penalty of ₹6,48,000 for alleged violation of subscriber verification norms” on June 25.

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Food safety lapses: Brands tighten quick commerce terms

Brands are revising contracts with quick commerce platforms. This follows food safety violations at dark stores. Marico, ITC, and Dabur are among those tightening terms. New clauses cover storage, handling, and hygiene. Brands seek indemnity and audit rights. They aim…

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Indian markets likely to rise in Q3 FY26: Morgan Stanley

Indian stock markets are more likely to rise than fall in the third quarter of the financial year 2026 (Q3 FY26), Morgan Stanley said in a note on Friday.

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Gautam Exim appoints Raj Kumar Agarwal as CFO

Gautam Exim has appointed Raj Kumar Agarwal as Chief Financial Officer, effective June 27, 2025. Agarwal brings experience in education and merchant trading, with a strong operational and entrepreneurial background.

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New India Assurance gets GST demand notice of Rs 2,298 crore

New India Assurance Company Ltd. has been served a show cause notice by tax authorities demanding Rs 2,298 crore in Goods and Services Tax (GST) for the financial years spanning April 2018 to March 2023. The notice, issued on June…

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FY26 poised for decent growth amid falling inflation and monetary policy shift: Report

A significant drop in inflation, a healthy crop outlook, a normal monsoon, and changes in monetary policy have created a positive outlook for FY26 across sectors such as automobiles, consumer durables, FMCG, and building materials, noted a report by Centrum.

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  • ITR filing AY 2026-27: 5 key tax rules that intraday and F&O traders must know before filing returns

    ITR filing for AY 2026-27 requires intraday and F&O traders to report business income correctly using ITR-3. Check the latest disclosure rules, business codes, turnover reporting requirements, tax audit thresholds, filing deadline and common mistakes to avoid for smooth tax compliance.

  • 8th Pay Commission: Can salaries rise by over 60%? Here's how HRA, TA & DA proposals may boost pay for level 1 payments

    The 8th Pay Commission could significantly increase central government salaries if proposals on fitment factor, HRA, TA and DA merger are accepted. While estimates suggest a 60% rise in some cases, the government is yet to take a final decision.

  • ITR filings move at a slow pace as deadline nears: Expert explains why an extension beyond 31 July is unlikely this year

    With the July 31 deadline approaching, only a small percentage of taxpayers have filed their returns. Cleartax CEO Archit Gupta warns against assuming an extension this year, as slower filing rates could lead to increased pressure before the due date.

  • Income-Tax Returns: What is authorised representative? Check full list of circumstances, services, eligibility here

    Income-tax returns: Today we explain the circumstances under which taxpayers can appoint authorised representative, the requirements, eligibility criteria and other important factors.

  • ITR 2026: Senior citizens can claim ₹50,000 deduction even without health insurance —Here's how

    The income tax return filing deadline is approaching, prompting taxpayers to gather documents. Section 80D allows senior citizens without health insurance to claim up to ₹50,000 for medical expenses, available only under the old tax regime.

  • Bought US startup shares using overseas savings? Here's how India will tax it

    A returning NRI who invested overseas savings in a US startup may not face tax on the purchase itself, but discounted acquisitions and annual foreign asset disclosures can trigger tax and compliance obligations.

  • EPFO: Taxation rule on Voluntary Provident Fund — the ₹2.5 lakh VPF threshold, explained

    VPF allows employees to contribute more than the mandatory EPF rate for a larger retirement corpus. Contributions over ₹2.5 lakh face taxation on excess interest. VPF matches EPF's interest rate and qualifies for tax deductions under Section 80C, with specific withdrawal conditions.

  • ₹17L tax refund denied after taxpayer missed ITR e-verification while caring for ill father: Here's what ITAT ruled

    A Delhi taxpayer was denied a ₹17 lakh tax refund due to the late e-verification of his ITR while caring for his ill father. ITAT ruled that denying the refund on technical grounds violates Article 265 of the Constitution, leading to a ruling in his favour.

  • Tamil Nadu: 25% salary hike for TASMAC liquor outlet employees to curb overcharging — See how pay increases

    The Tamil Nadu state government has today hiked the salaries of employees working at its TASMAC liquor outlet by 25% with aim to bring in reforms — curb corruption and overcharging at these stores. Here's all we know…

  • HDFC Bank revises MCLR across tenures: Check latest lending rates and what they mean for your loan EMI

    HDFC Bank's revised MCLR now ranges from 8.05% to 8.70%, affecting borrowers linked to the one-year or three-year rates. While the overnight rate decreased slightly, other tenures remain unchanged. Details here.

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