On September 23, 2026, the ITAT Bangalore ruled in his favour and granted him relief. (Image for representative purpose only) As a non-resident Indian are you liable to pay tax in India? In one such case, the Income Tax Appellate Tribunal (ITAT), Bangalore, has granted relief to an employee who received a tax notice over…
The coaches, which come in seven different variants, are being built at the Rail Coach Factory (RCF) in Kapurthala, Punjab. Indian Railways has exported the first batch of LHB passenger coaches to Bangladesh under a new deal. RITES Ltd announced on Tuesday that it had sent the first batch of 18 broad-gauge passenger coaches to…
A currency is said to be undervalued when it is weaker than what experts believe is its fair value. Where is the rupee headed? The Indian currency has been in a free fall for several quarters now. At one time its one-year forward even breached the 100 mark prompting experts and economists to wonder if…
MUMBAI: Consumer durable loans, such as buying a mobile phone on EMI, are helping lenders build credit histories for younger borrowers, contributing to a decline in two-wheeler loan delinquencies to a seven-year low of 1.4% in June 2026 from 2.7% in June 2019, according to TransUnion CIBIL.First-time borrowers accounted for 39% of two-wheeler loan originations…
Tata Sons Chairman N Chandrasekaran India has the potential to become a significant player in the global semiconductor supply chain, but investments must be guided by demand, financial viability and the ability to execute projects, Tata Sons Chairman N Chandrasekaran said on Tuesday.Chandrasekaran said that semiconductors would be fundamental to the country’s future and meeting…
The department questioned the farmer’s financial activities after he deposited large sums of cash into his bank account. (Image for representative purpose only) Is your income from agricultural sources taxable? A farmer from Bengaluru who grew vegetables and fruits and sold them to Agricultural Produce Market Committee (APMC) for cash faced a tax notice for…
Govt defers 0.4% merchant discount rate on UPI payments MUMBAI: Its official. There will be no MDR on UPI until the festival season is over. The National Payment’s Corporation of India’s The UPI and Services Steering Committee has deferred the implementation of merchant discount rates (MDR) on select person-to-merchant UPI transactions until immediately after Diwali,…
File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Tuesday declined to indicate whether the government would make changes to long-term capital gains (LTCG) tax or securities transaction tax (STT), saying it was too early to comment as preparations for the upcoming Union Budget had begun.Replying to a question at an…
Jewellers are also turning to 18-carat, 14-carat and 9-carat gold. Gold prices have risen sharply from levels seen in last year’s festive season. The sharp hike in gold prices is prompting jewellery buyers to consider diamonds as an alternative, with retailers projecting a 15-20% increase in diamond jewellery sales this festive season.Retailers said the Navratri…
Govt defers 0.4% merchant discount rate on UPI payments NEW DELHI: The government on Tuesday deferred the rollout of a 0.4% Merchant Discount Rate (MDR) on Unified Payments Interface (UPI) transactions exceeding Rs 2,000. The National Payments Corporation of India (NPCI) has said that the charge would come into effect after Diwali, though the revised…
