Oil rose in Asian trade Wednesday, with Brent crude hitting its highest price in more than a month, as Iran targeted US radar and air defence installations in the Gulf. Brent crude was trading up 1.2 percent at $92.09 a…
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Sebi has directed depositories to freeze promoter holdings during company buyback periods. This restriction will be in effect from board approval until the offer closes. Promoters can still participate in buybacks through the tender offer route. Existing pledges created before…
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The CBIC seized significant amounts of smuggled gold and silver recently. Gold seizures totaled 247.07 kg in April-June this year. Silver seizures reached over 585.48 kg during the same period. Mango exports to Nepal are permitted, while Japan’s issues are…
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The new Income Tax Act of 2025 aims to simplify tax laws and procedures. Eleven individuals were declared Fugitive Economic Offenders since 2024. Properties worth over ₹1,303 crore were confiscated under the FEOA.
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NaBFID will issue zero-coupon bonds valued at twenty thousand crore rupees. This move supports the institution’s long-term capital mobilization for infrastructure projects. Investors will receive the full redemption amount after a ten-year maturity period. The Central Board of Direct Taxes…
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Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer’s appeal against a ₹1.38 crore tax addition. Registration creates contractual rights, not actual property…
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