The Iranian rial has fallen to a new low as Washington has launched its toughest sanctions yet to cripple Tehran’s economy. As of today, $1 costs more than 2 million…
Category: Banking And Finance
Selling property in India as an NRI? Know these special tax rules, TAN requirements
NRIs must follow special tax rules when selling property in India. These differ from the rules for resident Indian sellers. For NRI sellers, there is no minimum amount for TDS…
‘Be the tax hero who files on time’: I-T department reminds taxpayers of August 31 ITR deadline
Taxpayers with business or professional income who are not required to get their accounts audited have just days left to file their income tax returns for the assessment year 2026-27,…
Wrong ITR form filed by 31 July: Should you submit a fresh ITR-3 by August-end or revise it later?
If you are a salaried individual who rushed to file your tax return ahead of the 31 July deadline, you might have accidentally used the wrong form. Certain hidden or…
US, UAE, Singapore tourists can now pay Indian shops using their home payment apps: How it works
Foreign tourists visiting India can now pay at local shops directly using the same payment apps they use in their home country, no local bank account required. Thanks to Bank…
Unexplained income: What it means, how it is taxed and what changed under Income Tax Act, 2025
The Income Tax Act, 2025 has changed how unexplained is taxed, with a sharp difference depending on whether a taxpayer voluntarily discloses it or the tax department detects it. Here’s…
Gold vs silver: Which precious metal offers better shield during market volatility? What 26 years of data reveals
Gold, silver and do not always move in tandem. Their performance across the past 26 years shows how differently the three assets have behaved through various market cycles. Let’s look…
Can retirees claim enhanced ₹25L leave encashment exemption for pre-2023 years? ITAT ruling explained
Retirees who earlier received only ₹3 lakh in leave encashment tax exemption before 2023 may now qualify for relief. The Income Tax Appellate Tribunal (ITAT), Chennai, ruled in a recent…
Mid-cap vs small-cap funds: What alpha reveals about their performance – Taurus Mid Cap Fund among top laggards
Mid-cap and small-cap funds are equity categories that invest predominantly in their respective market-cap segments. Under SEBI’s categorisation framework, both categories must invest at least 65% of their total assets…
Hybrid fund performance: Multi-asset allocation schemes lead 3-year SIP returns, balanced advantage lags
offer investors exposure to more than one asset class through a single mutual fund scheme. Depending on the category, these funds can invest across equity, debt, gold, silver, and other…