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Pharma lobby flags ‘cumbersome’ export rule, seeks change

Pharma lobby groups are urging for changes to the centralized no-objection certification (NOC) for drug exports due to a significant export decline. The requirement for approvals from importing countries or Indian regulators has increased trade diversions. Industry experts are calling…

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ICAI set to lift advertising ban for CAs; experts call for wider reforms to build Indian accounting giants

As ICAI moves towards lifting its decades-old ban on advertising by CAs—a development confirmed to ETCFO—a bigger question is surfacing: Does India’s accounting profession need a complete overhaul to build globally competitive homegrown firms? While experts call the branding push…

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Trump says ‘no extensions’ to August 1 tariff deadline; warns more letters to follow

The announcement follows a brief extension of the ‘liberation day’ tariffs until August 1. According to Trump, letters have been sent and will continue to be sent, emphasizing that tariffs are due starting August 1, 2025, with no exceptions.

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India and US set to finalize mini trade deal: Key insights and implications

India and the US are nearing a mini trade deal, aiming to finalize the first phase by September-October with a goal to double bilateral trade to $500 billion by 2030. While sensitive agricultural issues remain, the focus is currently on…

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Trump says all BRICS nations, including India, to face additional 10% tariff

Donald Trump announced potential 10% tariffs on BRICS nations, including India, accusing the bloc of undermining the US dollar. During a Cabinet meeting, Trump warned that BRICS countries would soon face these additional charges. He asserted that the economic alliance…

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Preliminary report in Air India crash expected to be released by Friday, sources say

A preliminary report on the Air India crash that killed 260 people in June is expected soon, potentially revealing early details into the disaster. The investigation focuses on engine fuel control switches and possible thrust loss after takeoff. The crash…

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News

  • 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.

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