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New 'Other Income' Column in ITR for AY 2026-27: Voluntary Disclosure of Exempt Income
The ITR filing for AY 2026-27 introduces an 'Other Income' column under the Exempt Income Schedule, allowing taxpayers to voluntarily disclose non-taxable receipts like rural agricultural land sales or gifts. Experts advise this proactive reporting to prevent tax notices and record mismatches.
Senior Citizens' Savings Scheme Offers 8.2% Interest, Rs 24.40 Lakh Investment for Rs 50,000 Quarterly Income
The Senior Citizens' Savings Scheme (SCSS) offers an 8.2% interest rate for the July-September 2026 quarter. To achieve a quarterly income of approximately Rs 50,000, a senior citizen needs to invest around Rs 24.40 lakh.
The New Rules of Business Discovery: Context and Credibility Trump Reach
Businesses are shifting marketing focus from reach to context and credibility. Decision-makers discover brands through informed environments and multiple touch-points, not just ads. Platforms like The Economic Times' Partner With Us offer integrated brand partnerships for sustained visibility.
India's State Refiners Buy Millions of Barrels of Crude Oil
India's state-owned oil refiners Indian Oil Corp and Hindustan Petroleum Corp purchased approximately 7 million barrels of crude oil last week. This comes as the country's crude inventories have recovered significantly after disruptions.
Indian Refiners Secure 7 Million Barrels of Crude Oil
Indian Oil Corp and Hindustan Petroleum Corp have collectively purchased approximately 7 million barrels of crude oil via recent tenders. Deliveries are expected between August and September, enhancing India's energy supply.
Nestle India Establishes Global Capability Centre in Hyderabad
Nestle India is launching a significant Global Capability Centre in Hyderabad, joining other major companies like McDonald's and L'Oréal. This move taps into India's growth potential despite inflation, with a focus on rural markets. The GCC sector in India is expanding rapidly, driving job creation and investment.