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Exclusive: GST Council likely to decide on post-sale credit notes, ITC reversal in 56th meeting

The 56th GST Council meeting may finally resolve the long-pending dispute over post-sale discount credit notes. What exactly is the dispute? Will the Council clarify that commercial credit notes without service obligations are not taxable under GST? And can it…

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India’s services trade surplus likely to hit record $205-207 billion in FY26: Report

While merchandise exports are projected to remain under pressure due to US tariffs, India’s services trade surplus is expected to hit a record $205-207 billion in FY26, a report showed on Wednesday.

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GST Council Meeting: Hour of GST 2.0 arrives; all eyes on Team Modi’s Diwali gifts for Indian economy

The GST Council is set to convene, potentially overhauling India’s tax structure by reducing it to two primary slabs of 5% and 18%, alongside a 40% rate for luxury items. This reform aims to boost consumption and simplify compliance, but…

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Restaurants body writes to govt for rationalisation of GST rates

The National Restaurants Association of India asks the government to rethink GST rates. Restaurants face high costs from rent, aggregator commissions, and marketing. They pay 18% GST on rent without input tax credit. Food delivery platforms contribute significantly to revenue.…

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INDIA BONDS-India bonds rise on hopes of support from authorities

Indian government bonds experienced a rise on Wednesday, fueled by optimism that both the government and the Reserve Bank of India would offer support following a recent selloff. The benchmark 10-year bond yield saw a decrease. Traders are hopeful the…

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FM Sitharaman chairs textile industry representatives’ meet on economic challenges

Finance Minister Nirmala Sitharaman addressed textile industry concerns in Chennai amid economic challenges, including a 50% US tariff. Industry representatives sought financial relief, export incentives, and GST support. Sitharaman assured that the government is actively working on support measures.

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EPFO interest credit begins: How members can check if the amount is credited to their accounts
EPFO members can see their annual interest of 8.25% for FY2025-26 in their accounts starting July 15. Here's how you can check your PF balance online.
Property registry alone doesn't prove ownership: Here's what else homebuyers need to do
Purchasing and registering a property does not guarantee legal ownership. Validity relies on the entire title chain and documentation. Mutation, while important for records, does not affect ownership rights, experts said. 
Trump's accounts sold Micron, bought Nvidia: Expert warns, ‘Don't mistake it for a strategy’
Donald Trump's investment accounts, managed by third parties, have executed over 6,100 stock trades in 2023. Notably, they sold Micron shares while acquiring Nvidia stock, highlighting a contradiction between Trump's public praise for Micron and his accounts' trading decisions.
Warren Buffett says Alphabet bet was his call, admits ‘I made a mistake…’ | Why Berkshire is betting billions now?
Warren Buffett confirmed his decision to build Berkshire Hathaway's substantial stake in Alphabet, stating he acted independently of CEO Greg Abel. 
EPFO alert: Why updating your profile photo is crucial for e-nominations and PF claims
EPFO members are urged to upload a recent profile photo on the Unified Member Portal to complete e-nominations and online claims. Here's why it matters and how to do it.
Gifting stocks to your spouse, child or friend? Check how the tax rules differ in three scenarios
Gifting stocks can trigger tax implications depending on the relationship between the donor and recipient. Transfers to close relatives are often tax-exempt, while gifts to others exceeding ₹50,000 are taxable. 
How can families preserve art, jewellery and heirlooms for future generations?
A trust can help families preserve art, jewellery and heirlooms across generations by setting clear rules on ownership, access, conservation, display, monetization and succession.
Monsoon is here: Why you're paying out of pocket for sudden illnesses despite having health insurance
Health insurance covers major hospitalisation costs, but many medical expenses, such as doctor consultations and medicines, are often paid out of pocket. Experts say financial preparedness and understanding policy coverage can help families avoid unexpected healthcare costs.
SIP returns disappointing? Here's when to stay invested and when to switch funds
Negative or muted SIP returns in the initial years are not uncommon, especially for equity mutual funds. Experts say investors should judge a fund over a full market cycle and switch only if there are signs of structural issues.
NRI tax filing: Moved abroad? Here's when you still need to file an ITR in India
Moving abroad does not end your tax obligations in India. From excess TDS and capital losses to property sales and future tax planning, here's when NRIs should file an ITR.