Everything a finance person must know - re-brewed every 10 minutes
The Delhi High Court has ruled that the limitation period under Section 74 depends on substantive notices and orders rather than later DRC-01 or DRC-07 dates. This judgment clarifies how timelines are computed for tax disputes. Finance professionals must review their case files to ensure compliance with this ruling.
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Experts argue that tax exemptions on long-term capital gains granted to foreign institutional investors should apply equally to local and retail participants. The proposal also advocates for short-term capital gains rebates, incentives for initial public offerings, and tax deductions linked to job creation.
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Navigating food business compliance in 2026 requires understanding the distinction between Food Safety and Standards Authority of India (FSSAI) registrations and licences. The framework establishes specific thresholds at ₹1.5 crore and ₹50 crore, offering perpetual validity and outlining document requirements through the FoSCoS portal.
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The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 262/08/2026-GST to withdraw previous restrictions on Input Tax Credit (ITC) for demo vehicles under dealer-agency models. The analysis details the implications of this change under Section 17(5) and outlines necessary compliance steps for automobile dealers.
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Prime Minister Modi has officially inaugurated the 23-kilometre Pink Line of the Pune Metro network. The new transit corridor aims to enhance urban mobility and connect key areas across the city.
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A notable multibagger stock opened at ₹684 per share on the National Stock Exchange, down from its previous close of ₹691.25 on Monday, before touching an intraday low of ₹656.70 on November 3. The decline triggered a 5 percent lower circuit despite the equity recording a substantial 220 percent rally earlier in the year.
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GST Notification 06/2026 outlines updated electric vehicle transport tax rates, a 5 percent Goods and Services Tax structure, same-line Input Tax Credit restrictions, subcontracting guidelines, and Electronic Commerce Operator delivery regulations. The comprehensive update impacts logistics providers, manufacturers, and online marketplace sellers.
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According to Cognizant, artificial intelligence-driven productivity could significantly expand India's Gross Domestic Product (GDP). The economic model indicates a theoretical upper bound of $830 billion annually, contingent upon widespread workplace adoption and the complete translation of productivity gains into actual economic output.
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United States midterm elections have evolved into a direct referendum on the leadership of Donald Trump. Voters prepare to decide crucial congressional races that will determine the balance of power in Washington. Observers are closely tracking these key contests to gauge public sentiment.
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Central Board of Indirect Taxes and Customs introduces major Goods and Services Tax revisions effective 1 November 2026. The comprehensive update brings new tax rates, specific exemptions, removal of reverse charge mechanism, two percent tax deducted at source, revised invoicing mandates, and modified input tax credit rules.
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Bajaj Finserv announces a twenty three percent year on year increase in net profit reaching two thousand seven hundred fifty eight crore rupees for the second quarter. The strong financial performance reflects robust business growth across its operational segments. Stakeholders note the significant earnings expansion during the period.
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HDFC Bank shares advanced 3.2 percent as investors evaluated quarterly results that revealed higher net interest income and stronger asset quality. Net profit grew 4.7 percent year on year alongside a decline in margins. Analysts maintain a positive outlook while acknowledging ongoing risks from subdued earnings growth and margin pressures.
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