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Income Tax Department enables online filing of ITR-3 form

The Income Tax Department on Wednesday informed that it has enabled online filing of income tax return (ITR) form number 3 (ITR-3). Taxpayers who have business income, income from share trading (such as futures and options), or even investments in…

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Microsoft in advanced talks for continued access to OpenAI tech: Report

The companies have discussed new terms that would allow Microsoft to use OpenAI’s latest models and technology even if the ChatGPT maker declares it has achieved artificial general intelligence (AGI), or AI that surpasses human intelligence, the report said.

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India needs a Top 20 audit firm ecosystem, not just a Desi Big Four, says Baker Tilly ASA’s Ajay Sethi

India’s audit ecosystem remains tilted in favour of the Big Four, warns Baker Tilly ASA’s Ajay Sethi, citing exclusionary tenders, restrictive private equity clauses, ambiguous joint audit rules, and weak enforcement of the ICAI guidelines. Sethi said that instead of…

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Uber loses UK Supreme Court appeal over tax on rival apps

Uber’s attempt to impose VAT on rival taxi operators failed. The Supreme Court dismissed Uber’s appeal. This decision means private hire operators outside London will not face a 20% VAT charge on profit margins. Delta Taxis hailed the ruling as…

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Indian contract manufacturers go global: Firms capitalise on tariff-led supply gaps; analysts flag ROI risks

Indian electronic contract manufacturers are strategically expanding their global footprint through acquisitions and partnerships, capitalizing on supply chain disruptions and tariff shifts, particularly those impacting China. These companies are acquiring technologies and certifications to access markets in the US and…

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Steel pipe maker MAN Industries raises ₹255 crore from investors

The equity raised will be used to fund the company’s expansion in Jammu and Saudi Arabia, strengthen balance sheet and also address working capital requirements.

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  • Sold property but received money in instalments? ITAT explains when you must pay income tax on capital gains

    ITAT Surat deleted a ₹2.45 crore capital gains addition after a landowner showed that he received only ₹25 lakh in the relevant year, despite ₹2.86 crore appearing in Form 26AS. The tribunal considered subsequent tax returns and co-owners' cases.

  • Exchanging old gold for new jewellery this Diwali? 6 things to check before accepting your jeweller’s valuation | Guide

    Exchanging old gold for new jewellery this Diwali? Check six things before accepting your jeweller’s offer, including gold purity, net weight, market rates, melting deductions, making charges and exchange terms to avoid losing money.

  • Got salary bonus this Diwali? 5 smart ways to strengthen your finances instead of spending it all - Top ideas to follow

    A Diwali salary bonus can do more than fund festive shopping. From strengthening insurance cover and preparing for upcoming expenses to boosting retirement savings and investing in skills, here are five ways to put the extra money to work.

  • Diwali shopping: Should you pay upfront or choose no-cost EMI for expensive purchases? Here’s what buyers must know

    Planning expensive Diwali purchases? Paying upfront could help you secure additional discounts, while no-cost EMI can spread payments. Compare processing fees, GST, cashback and credit card rewards before deciding which option saves you more.

  • Meghalaya HC denies pension to ex-Assam Rifles rifleman, says voluntary discharge leads to forfeiture of past service

    The court clarified that an employee cannot claim pensionary benefits under Rule 49(2) merely because he has completed 10 years of qualifying service if Rule 26(1), which provides for forfeiture of past service upon resignation, applies to his case

  • Looking to invest in international funds? Only one scheme remains open for new investors amid fresh subscription curbs

    Indian investors seeking overseas exposure through mutual funds have limited choices, with only one scheme accepting fresh SIPs. Three other international funds have suspended new investments and paused existing SIP instalments. Here's what investors should know.

  • Air pollution in India: Does health insurance cover pollution-related illnesses? What policyholders should know

    Air pollution can aggravate respiratory illnesses such as asthma and COPD. Health insurance may cover hospitalisation, but policyholders should check pre-existing disease waiting periods, ICU coverage, room rent limits, restoration benefits and OPD add-ons.

  • ITAT Surat ruling: Retired employee wins leave encashment tax dispute over ₹8.02 lakh exemption claim

    The ruling highlights the importance of following due process before the tax authorities modify an already processed income tax return

  • SEBI settlement rules from November 7: Who can apply online, how much to pay and the 90-day deadline explained

    SEBI's new settlement rules came into effect on November 7, 2026. The revised framework changes application fees, minimum settlement amounts and filing deadlines, while introducing fast-track options for eligible cases. Here's what applicants need to know.

  • Got Diwali bonus from your employer? Clear credit card dues or start mutual fund SIP: Which money move is right for you?

    Got a Diwali bonus of ₹10,000? Should you clear credit card dues or start a mutual fund SIP? Compare the interest savings from repaying high-cost debt with the potential returns from investing to understand which money move makes more financial sense.

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