India’s millionaire population is rapidly expanding beyond major metropolitan areas, with Tier II cities like Ahmedabad and Surat emerging as new wealth hubs. Technological advancements, increased financial literacy, and the rise of retail investment are driving this trend.
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Commerce and Industry Minister Piyush Goyal is expected to visit Washington soon for trade talks, following positive discussions between Indian and US negotiators on a proposed bilateral trade agreement. Both sides aim for an early and mutually beneficial conclusion, seeking…
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The Income-Tax Department has uncovered fraudulent exemption claims amounting to approximately ₹700 crore, prompting enhanced risk assessment in return processing. This has led to slower refund issuance, particularly for claims exceeding ₹10 lakh. Taxpayers are being notified to revise returns,…
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India’s long-term sovereign credit rating has been upgraded by Japan’s Rating and Investment Information, Inc. (R&I) from ‘BBB’ to ‘BBB+’, while the Outlook remains Stable, the Government of India announced today.
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The Chhattisgarh SGST department has exposed a significant GST evasion scheme orchestrated by GST consultant Mohmmad Farhan Sorathia, involving over 170 fictitious firms. These firms generated fake registrations and e-way bills, causing substantial losses to the state treasury, estimated at…
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To simplify securities transfer to legal heirs, SEBI introduces the ‘TLH’ reporting code, effective January 1, 2026. This standard code ensures transmissions from nominee to legal heir are correctly reported to the CBDT and not incorrectly taxed as capital gains.…
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