Blog - Advisors India

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Restaurants face income tax scrutiny as suspected tax evasion tops ₹25,000 crore

The income tax department in India has identified significant tax evasion by thousands of restaurants. Approximately 8,000 restaurants showed discrepancies between their earnings and income tax filings over four years.

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Eye on the price: Retail inflation at 5.54% in September, most on new base

India’s retail inflation increased to 5.54% year-on-year in September, the highest since January. This rise is attributed to higher food prices, particularly onions and other essentials. Economists predict inflation could approach 6% in the coming months, influencing upcoming policy decisions.…

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GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue official

During the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to implement these reforms collectively with state administrations to ensure uniformity. A working group will review issues related to input tax credit…

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Centre & states to draft rules for existing arrest cases under GST

The Centre will collaborate with states to create standard procedures for handling arrest cases. Starting April 1, 2027, an invoice management system will be mandatory, minimizing human errors during digital matching. A quarterly review of GST refund risk assessment will…

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Bank of India declares Rs 575 crore exposure to Future Enterprises as fraud

The Bank of India has officially marked its ₹575 crore exposure to Future Enterprises as fraudulent. Previously categorized as a non-performing asset, this account has been sufficiently provisioned. Future Enterprises, helmed by Kishore Biyani, entered insolvency proceedings back in 2022,…

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Supreme Court asks MMRDA to deposit ₹646 crore in Reliance Industries BKC case

The Supreme Court has ordered the MMRDA to deposit ₹646 crore with its registry by November 6. This order is in relation to a delay in construction by Reliance Industries at Bandra-Kurla Complex.

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Dearness allowance delay July 2026: Government employees await DA hike and arrears update — what to watch next
Central government employees and pensioners are still awaiting the July 2026 dearness allowance (DA) and dearness relief (DR) revision. Despite recent Cabinet meetings and bonus announcements, the Centre has not confirmed the hike, revised rate or arrears payment timeline.
Need an air ambulance? Your health policy may not cover the full cost
Air ambulance cover varies widely across health policies, with sub-limits, approval requirements and claim conditions. A few clauses can determine whether families pay lakhs out of pocket.
Gold, silver prices today, 22 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata
Gold and silver prices fell on 22 October. Check the latest retail rates of 24K and 22K gold and 999-purity silver in Delhi, Mumbai, and Kolkata. Here's how prices have changed and what to watch ahead of the US Federal Reserve’s policy meeting. 
GIFT City funds vs international mutual funds: Returns, minimum investment and tax compared
With many international mutual funds closed to fresh investments under RBI’s $7 billion overseas cap, GIFT City funds offer Indian investors another route to US and global equities. Here’s how they compare on minimum investment, taxation and returns, and what the LRS limit means for you.
Sold a house and bought another within 2 years? Here's when capital gains could still be taxable – Section 54 rules
Sold a residential house and reinvested the capital gains? Section 54 of the Income-tax Act, 1961, now Section 82 under the 2025 Act, offers tax relief subject to specific conditions. Here’s when the exemption can be denied or withdrawn.
Fuel prices today: Check petrol, diesel and CNG rates on 22 October in different cities across India
On 22 October, petrol and diesel prices were unchanged across 14 cities. CNG prices rose in nine of 13 locations and held steady in four; Chennai, 
Which transactions can trigger notice from Income Tax Department? Know rules for large cash deposits and UPI transfers
Large UPI transfers do not automatically trigger income tax notices, but unexplained bank credits can attract scrutiny. From freelancers to individuals receiving money for others, here's when digital transactions may raise red flags and what records to keep.
Term insurance claim amount rejected after death: Which common mistakes can put your family's payout at risk? List here
Term insurance provides a death benefit to beneficiaries during a fixed policy term, helping families manage debts and future expenses. Here's why a claim can get rejected.
DA hike 2026: No festive relief yet for 1.2 crore employees and pensioners. When will Centre announce the 3% increase?
Central government employees and pensioners face a longer wait for the July 2026 DA hike. The expected 3% increase could raise DA to 63%, boosting salaries and pensions. Here's what the delay means for monthly payments and arrears.
NPS vs mutual funds: Need your retirement savings at 35? Check withdrawal rules, lock-in periods and tax benefits
NPS and retirement-focused mutual funds differ in withdrawal rules, lock-in periods and tax benefits. Investors planning a home purchase, career break or early retirement should understand how much of their savings they can access and when.