Economic Times08.05.2026BusinessIndia
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يتطور·11 dk önce
Income-tax Act, 2025: New Audit Trigger for Low-Profit Businesses
The Income-tax Act, 2025 introduces a new audit trigger for businesses under presumptive taxation, explicitly linking lower-than-presumptive profit declarations to mandatory audits. This change aims to bring greater certainty to tax compliance for small businesses operating on low margins.
Economic Times
يتطور·27 dk önce
India Urges US to Withdraw Proposed 12.5% Tariff Over Forced Labour Allegations
India has asked the USTR to withdraw a proposed 12.5% tariff on its exports, citing lack of country-specific evidence and legal standards regarding forced labour allegations. The proposal is part of a Section 301 probe by the US.
Times of India
Business·21 dk önce
FCNR(B) vs. NRE Fixed Deposits: Which is Better for NRIs and OCIs?
Non-resident Indians (NRIs) and OCIs can choose between FCNR(B) and NRE fixed deposits for reliable returns. FCNR(B) offers currency protection in foreign denominations, while NRE is in Indian rupees. Both are tax-exempt and fully repatriable, with the choice depending on currency expectations and financial goals.
Economic Times
يتطور·31 dk önce
Rental Income from Gifted House to Spouse: Who Pays Tax?
Many taxpayers incorrectly assume rental income from a house gifted to a spouse is taxable in the recipient's hands. India's Income-Tax Act, Sections 27 & 64, deem the transferor spouse as the owner, making them liable for tax on rental income from gifted properties, unless transferred under an agreement to live apart.
Economic Times
يتطور·1 sa önce
India's MRPL Cancels Charter for Crude Oil Vessel from Iraq
Mangalore Refinery and Petrochemicals Ltd (MRPL) has cancelled a vessel charter booked for crude oil from Iraq, citing "technical reasons". It is unclear if tensions in the Strait of Hormuz played a role. MRPL is seeking a replacement vessel.
Economic Times
Business·1 sa önce
Bill Holland's Journey: From Humble Beginnings to Financial Independence and a Unique Career Path
Bill Holland, former CEO of CI Financial, achieved financial independence early but chose a different career path over retirement. His journey, shaped by early struggles and fortunate timing, led to immense wealth, yet he maintains a simple lifestyle, using public transport and focusing on philanthropy.
TOI World