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New audit rules for digi-first companies soon: ICAI president

The Institute of Chartered Accountants of India will introduce new audit standards. These standards will focus on startups, fintech, and e-commerce firms. The goal is to improve audit quality and address IT-related risks. These risks include cybersecurity and data breaches.…

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Govt estimates 45 cr people lose about Rs 20,000 cr annually from real money gaming

The government is concerned about online real money gaming. It estimates significant financial losses for many citizens. A new bill, “Promotion and Regulation of Online Gaming Bill 2025”, is proposed. It aims to ban money gaming but promote eSports. Violators…

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Vedanta’s ambitious demerger plan faces rocky road ahead as government raises objection

The Central government has expressed “serious objections” to the proposed split, citing concerns over the possible concealment and non-disclosure of crucial information related to the demerger.

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TCS layoffs protest: IT employees’ union claims 30,000 job cuts, plans global action; Company issues statement

The Union of IT & ITES Employees (UNITE) protested against TCS, alleging potential job cuts affecting 30,000 employees, a claim TCS denies, stating the reduction is around 2% of its global workforce. Supported by CITU, UNITE demands government intervention and…

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Industry leaders call for single-window clearances, GST rationalisation to boost retail and FMCG growth

Seeking to cut red tape and speed up expansion plans, top leaders from the retail and FMCG sectors on Tuesday urged the government to simplify compliance processes through a common portal, rationalise GST rates, and streamline licensing norms.

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IKEA plans aggressive India expansion with stronger local sourcing

IKEA is set to accelerate its growth in India. The company plans to add multiple customer touchpoints annually. Focus will be on local sourcing and a strong supply chain. IKEA will open new stores and planning studios. Localisation will increase…

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  • Bought a ₹50 lakh LIC policy on ₹4.81 lakh income? Why ITAT rejected the woman’s claim and upheld the tax addition

    A woman who declared ₹4.81 lakh income invested ₹50 lakh in an LIC policy, claiming the money came from her late husband’s HUF. ITAT rejected her explanation for lack of evidence and upheld the ₹50 lakh addition as unexplained investment.

  • CBDT notifies Form 173A for government securities: New tax exemption rules for eligible foreign investors

    CBDT has notified Form 173A for eligible foreign institutional investors and the Bank for International Settlements claiming tax exemption on government securities. The form requires disclosures on holdings, interest income and capital gains.

  • Indian equities vs gold vs US stocks: Which asset class delivered the highest returns in 2026 so far?

    Indian equities fell 6.81% in 2026 so far through September, while US stocks gained 12.75% and gold rose 11.56%, according to Edelweiss Mutual Fund research. Short-term bonds returned 3.57%, while silver and Chinese equities posted losses.

  • One family brand, two heirs: how can you avoid trademark disputes?

    A family trademark is not a separate legal category under India’s trade mark law. For business owners planning succession, the key is to clarify ownership and usage rights before disputes arise.

  • Emergency fund: Earn ₹1 lakh a month? Here’s how much you should save for 6, 9 or 12 months, experts explain

    An emergency fund should cover six, nine or 12 months of essential expenses, depending on job security, family responsibilities and income stability. Home loan EMIs, insurance premiums and school fees should be factored into the savings target.

  • Land dispute lasted 23 years and ended in a ₹1.5 crore payout. Why did ITAT classify it as capital gains?

    A ₹1.5 crore payout after a decades-long land dispute was held taxable as capital gains, not income from other sources, by Ahmedabad ITAT. The ruling clarifies the tax treatment of assigned property rights, but does not make the receipt tax-free.

  • Form 141 TDS filing: What changes for property buyers, tenants and taxpayers under the new Income Tax Act

    Form 141 replaces four TDS forms for property purchases, rent, contractor payments and crypto transfers from 1 April 2026. Here’s what property buyers, tenants and other taxpayers need to know about the new filing process and key compliance changes.

  • DA hike 2026: Will government employees get a festive salary boost after Dussehra? October 21 holds the key

    Will central government employees get a DA hike after Dussehra? The Centre's 21 October Cabinet meeting has raised hopes of a 3% increase, taking dearness allowance from 60% to 63%. Here is what employees and pensioners need to know.

  • LIC Insurance Certificate of Existence: What is it, why is it needed and how can pensioners submit it in 5 simple steps?

    LIC Certificate of Existence: Find out what this life certificate is, why it matters for annuity payments, how eligible LIC annuitants can submit it in five steps, what details it contains and how to check the next due date.

  • Financial assistance: Maharashtra farmers to receive ₹5,000 ‘Diwali bonus’ as relief measure amid drought—All we know

    Amid drought situation in Maharashtra, Chief Minister Devendra Fadnavis announced that the state government will provide advance financial assistance of ₹5,000 directly to affected farmers by Diwali. 

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