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Trump puts 35% tariff on Canada, eyes 15%-20% tariffs for others

President Trump announced a 35% tariff on Canadian imports starting August 1st, with potential increases if Canada retaliates. He also plans to impose blanket tariffs of 15% to 20% on most other trade partners, expanding his trade war beyond Canada.…

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Income Tax department mulls probe into Jane Street after SEBI allegations of market manipulation

Following SEBI’s allegations of market manipulation against Jane Street, the Income Tax department is considering a probe into potential violations. The investigation will focus on General Anti-Avoidance Rules (GAAR) and permanent establishment norms, examining the firm’s structure involving Indian and…

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NBFCs yet to gain from rate cuts: Tourism Finance Corporation MD

Tourism Finance Corporation Ltd. (TFCL) anticipates a delay of up to six months for NBFCs to fully realize the benefits of the RBI’s June rate cuts, according to MD Anoop Bali. TFCL aims to raise ₹800 crore this fiscal year,…

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Six directors of finance firm booked for cheating 11 of 1.6cr

Wakad police have filed a case against six directors of a private finance firm for allegedly defrauding 11 individuals of ₹1.6 crore. The firm promised monthly returns of 10% on investments in forex and share trading.

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IIFL Home Finance gets funding from Asian Infrastructure Investment Bank

IIFL Home Finance, backed by ADIA, has secured a $100 million loan from AIIB to boost affordable housing in India. The funds will be used for lending to economically weaker sections and developers of low-cost apartments, promoting green building practices.…

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Shipping ministry seeks duty cuts for tax parity with foreign flagged ships

The shipping ministry is pushing for tax parity between domestic and foreign-flagged ships to level the playing field. Indian shippers face about 20% higher costs due to domestic levies, impacting their competitiveness in global tenders. Proposed tax adjustments aim to…

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How this doctor earning ₹1.51 crore annually amassed investments worth ₹11.32 crore
Despite earning a modest salary during training, Chan has built an investment portfolio worth around $1.2 million across brokerage, savings and retirement accounts..
Gifted money to your wife and she invested it in FD, gold or shares? The income may still be taxable in your hands
While transferring funds to a spouse may seem advantageous for tax savings, income could be subject to clubbing under Section 64, making it your taxable income. Details here.
Bought a flat but possession was delayed? Here's what Supreme Court ruled on Delhi homebuyer's case
In a recent case, the Supreme Court ruled that homebuyers can claim compensation for delayed possession of their apartments, even after taking possession. Details here.
ITR filing 2026: Who pays a taxpayer's tax dues after death? Do they have to pay from their own pocket?
After a taxpayer's death, their legal heirs or legal representative is responsible for filing ITR on their behalf. Legal heirs are not liable for a deceased taxpayer's tax dues beyond inherited asset value.
Missed declaring FD income last year? Here's how you can rectify it and what happens if you ignore it
Fixed deposits offer safe, assured returns but are taxable under income tax laws. Taxpayers who missed declaring FD interest can file an updated return (ITR-U) within four years, allowing for corrections with varying additional tax penalties based on the filing time. Details here.
Power of compounding: Become crorepati with ₹12,500/month PPF contribution—Here's how you can build ₹6.75 crore corpus
Investment planning should align with current finances, risk tolerance, and future goals. The Public Provident Fund (PPF) offers a safe, low-risk option for long-term savings, providing tax benefits and guaranteed returns, making it an ideal choice for wealth building.
AMFI seeks review of decade-old $7 billion overseas MF investment cap
AMFI plans to again approach RBI, Sebi and the government to raise the decade-old overseas investment cap for mutual funds. The industry says a higher limit will give investors greater access to global markets.
Buy Nvidia at 2 am on a Sunday? How Indians can own tokenised US stocks and how they differ from traditional trading
Nvidia's stock surged over 1,000% since the ChatGPT release, becoming the world's most valuable company. Investors are now eyeing other AI chipmakers like Micron and Sandisk, while tokenized stocks offer a new way to invest in these companies.
Bitcoin crash far from over? Experts see another 30% downside to $42,000 | Buy, sell or hold?
Bitcoin futures dropped to $58,995 on Thursday, over 50% below last year's peak, with predictions indicating a further decline to around $42,000-$44,000 by year-end. Profit booking across assets and rising AI investments contribute to selling pressure amid a strong U.S. Dollar Index.
Income-tax returns: How much rebate can you claim under Section 87A? Eligibility and rules explained
Income-tax returns: Filing your ITR for AY27 / FY26, here's how much rebate you can claim under Section 87A of the I-T Act. We explain the eligibility criteria, tax regime details and rules for taxpayers.