Economic Times5/10/2026BusinessIndia
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Developing·39m ago
FSSAI Issues Notices to Brands for Misleading Claims
The Food Safety and Standards Authority of India (FSSAI) has issued notices to several food brands, including Heritage Fresh Paneer and La Casa vegan hazelnut chocolate spread, for making misleading claims on their packaging regarding freshness, organic content, and vegan status. The regulator is cracking down on deceptive labeling practices across the food sector.
Times of India
Developing·48m ago
Income Tax Act 2025: New Cash Transaction Limits to Curb Tax Evasion
The Income Tax Act 2025 introduces new limits on cash transactions to combat tax evasion. Key changes include a Rs 2 lakh daily cash receipt limit from one person, cashless transactions for loans/deposits over Rs 20,000, and limits on business expenses and donations.
Economic Times
Developing·1h ago
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.
Economic Times
Developing·1h ago
EPFO 2026 Scheme: Key Changes and Continuity in EPF and VPF Contribution Rules
The new EPFO 2026 scheme largely maintains existing EPF contribution rules, with employees and employers contributing 12% of wages up to the statutory ceiling. It also preserves the VPF framework, allowing employees higher voluntary contributions without employer matching and the flexibility to discontinue them.
Economic Times
Business·2h ago
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.
Economic Times
Developing·2h ago
Indian Banks Cut Short-Term Debt Sales Amid Foreign Deposit Inflows
Indian banks are significantly reducing their reliance on short-term debt sales (certificates of deposit) as the Reserve Bank of India's initiative to attract foreign-currency deposits offers a cheaper and more stable funding alternative. This trend is expected to continue, impacting CD rates and strengthening bank balance sheets.
Economic Times