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GST council likely to address inverted duty structure in notebooks

The Goods and Services Tax Council may soon resolve the tax issues on notebooks and textbooks. Currently, manufacturers face higher costs due to the 18 percent GST on paper. This impacts the final prices for consumers. The council might lower…

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PM Modi to unveil BSNL’s ‘Swadeshi’ 4G network on September 27

India achieves a significant milestone as Prime Minister Narendra Modi inaugurates BSNL’s indigenous 4G network on September 27. This positions India among a select group of nations capable of manufacturing their own telecom equipment. The nationwide rollout across 98,000 sites…

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Indian citizens wish to interact with AI agents for public sector services: Report

Indian citizens are eager to adopt AI agents for public services, seeking proactive, personalized, and seamless experiences, a Salesforce report reveals. An overwhelming 100% are willing to use AI for government interactions. Citizens desire automatic enrollment in eligible programs and…

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Copper prices projected to reach $11,700 per metric tonnes amid supply concerns

Copper prices are projected to surge to $11,700 per metric tonne due to robust demand driven by electrification, EV adoption, and AI data centers. Supply constraints, exacerbated by the Grasberg mine disruption and refining bottlenecks, have tightened the market. Inventories…

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Domestic generic producers may see near-term gains as US imposes tariffs on pharma

The US decision to impose 100% tariffs on branded pharmaceuticals from October 1, 2025, may benefit Indian generic drug manufacturers. This is because the increased prices of branded drugs could shift demand towards more affordable generic alternatives. India currently supplies…

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Festive sales jump 23-25 pc in first 2 days of Navratri over GST cuts: Report

Consumer demand surged this festive season, with sales jumping 23-25% in the first two days of Navratri compared to last year. GST rate reductions on popular products, particularly large-screen TVs and fashion items, fueled this growth. E-commerce platforms experienced record…

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  • Income Tax: Can married daughters keep gold jewellery at parents' home? ITAT ruling explains tax implications

    The Delhi ITAT deleted ₹1.13 crore in tax additions after accepting that 3.9 kg of jewellery found at a man's home belonged to his late wife and three married daughters. The ruling highlights how families can establish ownership of gold through supporting evidence.

  • Life Cycle Funds explained: How these mutual funds work, change asset allocation with age and help plan for retirement

    Life Cycle Funds automatically shift investments from equity to debt as the target date approaches. Here is how these mutual funds work, who should invest, how to choose the right maturity period and the risks investors must consider.

  • Income Tax Returns: 'How India filed in 2026' - 5 trends that reveal how young investors, salaried earners manage money

    India's income tax filing data reveals five changing money trends: more Indians are earning beyond salaries, young taxpayers are filing complex returns, low-income earners are reporting diverse income sources, young investors are reporting losses and retirees continue investing.

  • Silver, gold prices today: 24K gold slips to ₹1.37 lakh, silver below ₹1.80 lakh/kg; check latest 24K, 22K gold rates

    Gold and silver prices declined in the latest IBJA evening fixing on 2 November. 24K gold fell ₹2,530 to ₹1,37,524 per 10 grams, while 22K gold dropped to ₹1,25,990. Silver prices declined ₹1,372 to ₹1,79,972 per kg.

  • Tax relief in the offing? Sebi moots scrapping 12.5% LTCG tax for FPIs: What it means and how investors stand to gain

    The proposal has brought the taxation of investment profits into focus, particularly the rules governing gains earned from selling shares and other financial assets.

  • Gratuity calculation after 3% DA hike: How central government employees can get up to ₹50,000 more at retirement

    The Centre's 3% DA hike from 60% to 63% can increase retirement gratuity for central government employees by up to ₹50,000. However, the actual benefit depends on basic pay, qualifying service and the ₹25 lakh gratuity ceiling.

  • ITR deadline pushed to November 21 for audit cases: What it means for businesses and taxpayers

    The revised deadline is expected to provide relief to taxpayers dealing with multiple compliance obligations, particularly those requiring additional time to complete audits, reconcile financial records and verify tax-related information before submitting their returns.

  • How should NRIs value an overseas LLP for FAST-DS 2026?

    An Indian resident who acquired a US LLP interest while an NRI wants to declare it under FAST-DS 2026. An expert explains how to value the interest as at 31 March 2026.

  • India once had no LTCG tax: How income tax rules on LTCG, STCG and STT changed over the years

    India’s capital gains tax regime has undergone several changes over the decades, from its abolition in 1949 to the removal of LTCG tax on listed equities in 2004 and its reintroduction in 2018.

  • Ahead of Budget 2027, Sebi recommends removal of 12.5% LTCG tax imposed on foreign investors | Latest update

    SEBI has proposed scrapping LTCG tax on foreign equity investments and offering tax relief to domestic mutual fund investors switching schemes. The recommendations have been submitted ahead of Budget 2027 and await government approval.

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