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Can you claim tax deduction for electoral bonds bought before the SC verdict?

While usually court decisions and tax changes are applicable after the date of announcement, the income tax department will have to issue a clarification regarding electoral bonds purchases that offer 100 percent tax deduction

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Southern Infosy Consolidated December 2023 Net Sales at Rs 3.63 crore, up 181.23% Y-o-Y

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Taking Stock: Market extends gains for 3rd day; Nifty above 21,900, Sensex up 228 points

The Nifty Bank index recovered from the day#39;s low of 45,590.20 to end 0.7 percent higher at 46,218.90.

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HDFC Bank#39;s mortgage book grew 18-20% incremently post merger, says senior executive

The lender additionally said its fundamental strategy has been to improve the turnaround time of processing at front end.

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An unconstitutional bond unravels in a big win for the right to information

Electoral Bonds: The Supreme Court ruling is a triumph of constitutional rights as the right to information and transparency trumped the bonds’ twin objectives (curbing the use of black money in elections and protecting the identities of parties in the…

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The electoral bonds#39; story: From Arun Jaitley convincing his secretary to the RBI#39;s issues

Subhash Chandra Garg, during whose tenure as the economic affairs secretary the electoral bonds scheme was notified, was initially apprehensive about it. However, he concluded that it helped in cleaning up cash financing of elections and “drastically reduced the contribution…

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News

  • Gifted assets to your spouse? Know when clubbing of income rules apply, who pays tax and how to report it in ITR

    Gifted money or assets between spouses do not always shift the tax liability to the recipient. Under clubbing rules, income from assets transferred without adequate consideration can be taxed in the transferor's hands. Here's when the rules apply and what taxpayers should report.

  • EPFO: How to file nomination for your provident fund account online? Who can be nominee? Check steps here…

    EPFO: Members can add nominee(s) for their provident fund account either online or offline. Here's the top FAQs, eligibility and stepwise guide to file e-nomination and who is considered a valid nominee. 

  • Specialised Investment Funds: Quant leads six-month returns at over 34%; how other equity and hybrid strategies fared

    Specialised Investment Funds (SIFs) are gaining traction, with some strategies delivering strong returns despite the category being relatively new. Quant Mutual Fund’s qsif led the six-month return chart with a 34.78% gain, while equity-oriented SIFs posted mixed one-month returns. 

  • What's 'Egg-Selling Mindset' in business? Check unique financial lessons from Power of the Jewish Intellect

    The story of Mr Cohen and his four sons illustrates varying investment strategies. From traditional saving to advanced leveraging and collaboration, this shows that a financial mindset and creative use of resources drive wealth.

  • 8th pay commission panel to visit Mumbai next month — Here's how to apply, deadline, dates of meetings

    The 8th CPC is scheduled to be in Mumbai next month to host discussions and meetings with employee unions, representative groups, pensioner associations, federations, and other stakeholders.

  • Festive loan this year? 60% of borrowers’ EMIs nearly match their family income – what to check

    Festive-season borrowing can add to existing debt stress. A survey found that 60% of borrowers have EMIs that are near or exceed their family income, while 40% use new loans or credit cards to manage existing EMIs. Here’s what to check before borrowing.

  • DA news: Delhi govt to consult labour dept amid DTC drivers’ strike — Here's a look at the top demands, latest updates

    The Delhi government plans to consult the labour department regarding the striking DTC drivers’ salaries. They have threatened ‘kaam bandh’ on September 28 if demands such as DA and contract workers' regularisation are not met. 

  • Two Wills, one estate: Why co-ordination matters

    A UK Will and a separate Indian Will can work together, but only if their scope, revocation clauses, executors and assets are carefully co-ordinated to avoid overlaps or gaps.

  • Motilal Oswal Nasdaq Q50 ETF crashed 46% in two days after trading at a 235% premium to NAV, what happened?

    Motilal Oswal Nasdaq Q50 ETF crashed 20% on 22 September and lost about 46% from its peak in two sessions after trading at a nearly 235% premium to its NAV. Experts explain how supply constraints and strong demand pushed the ETF far above its underlying value.

  • Tycoon Dinesh Thakkar buys India's most expensive known single residential unit for ₹711 crore — Check all we know

    Dinesh Thakkar, founder of one of India’s biggest retail stockbrokers, Angel One, has bought a luxury residential tower in Mumbai for ₹711 crore, marking the most expensive known purchase of a single residential unit in the country, as per Bloomberg. 

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