WHENEVER A NON-RESIDENT Indian (NRI) sells a property, the buyer has to deduct tax on the gross sale consideration rather than on the actual taxable gains. However, there’s a way out to ensure that tax is withheld only on the real capital gains arising from the sale and not on the entire transaction value. For this
Paving the way for an overhaul of the eight-year-old goods and services tax (GST) regime, a group of ministers on rate rationalisation has given its nod to the Centre’s proposal for a reduction in tax slabs and rates, even as some opposition-ruled state sought compensation for revenue losses. This is a shot in the arm
Dear Friend, I need to confess something that most of us whisper in private: sometimes SIPs feel like a scam. Yes, it does feel a little dramatic to say it out loud, but hear me out. Imagine this: You’ve invested with discipline every month for years. You’ve skipped that weekend trip, ignored the latest phone
The sharp rise in gold prices within the last one year has had a huge impact on the pockets of common people. Buying gold, especially on occasions like weddings, has become even more difficult for the middle class. The same issue was raised by MP Ramji Lal Suman in the Rajya Sabha and asked the
Ahead of the finalisation of the Terms of Reference (ToR) for the 8th Pay Commission, the issue of pension commutation is back in focu. It is an old demand of employee unions that the period for restoration of the commuted part of the pension should be reduced from 15 years to 12 years. The question
The country’s largest bank, State Bank of India (SBI), has raised interest rates on home loans for new borrowers from the beginning of August 2025, according to a report by ‘The Economic Times’. The decision was taken ahead of the Reserve Bank of India (RBI) MPC meet, which was held from August 4-6. The repo
Leading tax expert Ajay Rotti on Saturday welcomed the government’s plan to overhaul the Goods and Services Tax (GST) structure, primarily into two tax slabs of 5 per cent and 18 per cent. How does the government plan to reform the pre-existing tax slab structure? The Central Government has mulled reducing the current four-slab structure
Prime Minister Narendra Modi, while addressing the nation from the Red Fort on the occasion of the 79th Independence Day on Friday, promised next-generation GST (Goods and Services Tax) reforms ahead of Diwali, calling it a major gift to the people during the festive season. The government has proposed to change the slabs of the
The last date for Income Tax Return (ITR filing AY 2025-26) is now just 4 days away. This deadline will end on September 15, 2025. In such a situation, crores of taxpayers would like to see another extension in the return filing deadline. The finance ministry extended the deadline for taxpayers in May this year
JSW Group companies have been in focus. While JSW Energy boosted its renewable push with capacity addition, JSW Infra has made a brownfield rail siding acquisition. Both companies are betting on big expansion. Here are all the details- JSW Energy commissions 317 MW RE Capacity JSW Energy, a JSW Group company, announced that it has
The Securities & Exchange Board of India (Sebi) plans to end weekly expiry hit stocks of brokerage firms, clearing houses and the only listed stock exchange – BSE – on Thursday. The stock price of BSE and Angel one were down l 4.5% and 4.9%, respectively. Nuvama Wealth’s stock price closed 3.4% lower. Share prices
After an exceptional July, when inflows into equity funds soared to Rs 42,702 crore – the highest this calendar year – in August, flows were more subdued at Rs 33,430 crore – a drop of 22%, according to data from Association of Mutual Funds in India (Amfi). Retail investors continued to tap the equity market
UltraTech Cement is stepping up its play in southern India, with the region emerging as a critical growth engine for the country’s largest cement maker. According to analysts, the company has increased the south’s share of its total grey cement capacity to about 27%, compared with 16% in FY23, while its share of the industry’s
