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Tax audit report for charitable trusts cannot mirror business audits: Principal Chief Commissioner

The Income Tax Department plans to simplify tax audits and registration for non-profit organisations. Principal Chief Commissioner Debjyoti Das said that the department is working towards tangible changes to ease complex audit reporting and streamline the re-registration framework.

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AI in HR: From Buzzword to Business Imperative for Indian Enterprises

Sunil Jose, President, India, Workday, outlines how India’s HR leaders are navigating a defining moment as AI adoption accelerates. With a young workforce and rising talent expectations, he details why organisations must embrace AI-driven hiring, development and workforce planning to…

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Worst is behind for IT: Largecaps set for 15–20% upside as AI reshapes business models, says Deven Choksey

Deven Choksey says the worst is behind India’s IT sector as large firms like TCS and Infosys shift to AI-driven, asset-heavy models and invest in data centres and platforms. He expects a 15–20% upside once global clarity improves. Large caps…

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Piyush Goyal meets pharma stakeholders to discuss growth, regulation amid global tariff concerns

Union Minister of Commerce and Industry, Piyush Goyal, held an interaction with key stakeholders from India’s pharmaceutical ecosystem, focusing on strengthening industry growth and regulatory reforms.

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Exclusive: MCA plans to exempt firms up to Rs 1 crore turnover from statutory audit

The Centre is weighing a landmark relaxation that could spare India’s smallest companies from mandatory statutory audits. The planned turnover-based carveout, to be taken up in the Winter Session, represents the first major rethink of the audit mandate since the…

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India Inc. seen clocking 8-10% revenue growth in Q3 FY26, says ICRA. Here’s why

Indian companies anticipate strong growth in the third quarter of fiscal year 2026. Revenue is expected to rise by 8-10 percent. This growth will be supported by robust rural demand and improving urban spending. Lower input costs will also enhance…

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News

  • How to obtain tax residency proof in India?

    A UK company requires an Indian Tax Residency Certificate for reduced withholding tax on interest payments. To obtain this, an online Form 10FA must be submitted, confirming tax residency in India for the relevant financial year.

  • 4 common credit report errors that drop your score and trigger loan rejection

    Credit report errors such as incorrect details, misreported repayments, active closed loans and duplicate accounts can reduce your credit score and hinder loan approval, making regular credit report checks essential.

  • Markets will move in 2026, but behaviour will decide outcomes

    The markets in 2026 may test investors. When instinct pushes for quick reactions, it is behaviour discipline, restraint, and clarity of purpose that will decide outcomes.

  • Don’t pay tax on gifts if they are from family. Here’s the rule

    Gifts from relatives are exempt from tax, while gifts over ₹50000 from non-relatives are taxable. Gifts received during marriage are fully tax-exempt. 

  • Inside AIFs: The risks, rewards and real fit for your portfolio

    Each AIF is different and an investor needs to understand if and where it fits into their asset allocation mix, based on their portfolio size, risk-taking ability, return expectations and liquidity considerations

  • This couple had a New Year holiday in Oman just for ₹2 lakh. Here's how

    As part of Mint’s travel series, the couple shares details of their nine-day Oman holiday, showing how it’s possible to enjoy a full, hassle-free holiday without stretching the wallet.

  • Still believing these credit myths? They’re quietly ruining your financial health

    As 2025 ends, it's vital to debunk personal finance myths, especially regarding credit. Misconceptions include beliefs that BNPL doesn't affect credit scores, high income ensures good scores, and closing old cards is beneficial. 

  • Axis Bank credit card travel redemption options: Transfer ratios, limits, and tips

    Axis Bank credit cardholders can transfer their reward points to 20 partners (6 hotels and 14 airlines) categorised into Group A and B. There are groupwise calendar year limits on points transfers.

  • Rupee at record low: Should you invest abroad? Here are the smartest routes

    With traditional domestic mutual funds reaching overseas investment caps, this guide explores alternative routes, including Gift City funds, foreign brokerage platforms, and global mutual funds, to help build a robust international portfolio.

  • PNB cuts repo-linked lending rates by 25 bps after RBI MPC announcement — Will your home loan EMI go down? Explained

    Repo-linked lending rate is a type of interest rate associated with home loans. If the RBI cuts its repo rates, the RLLR goes down and vice versa. With PNB's RLLR cut, home loan EMIs are expected to go down.

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