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Income Tax Govt

Tax tribunal strikes down substantial transfer pricing adjustment on compulsory convertible debentures

The Income Tax Appellate Tribunal deleted a transfer pricing addition of ₹37.95 crore related to compulsory convertible debentures interest. It also remanded a ₹6.53 crore service charge adjustment back for fresh verification. Finance professionals must note how the tribunal handled these complex corporate transactions.

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Taxguru8m ago 1 min
Commodities Breaking

Indian Markets Advance As Precious Metals Rebound Following US Congressional Election Results

Precious metals experienced a strong recovery as Democrats secured control of both chambers in the United States Congress, pushing down the dollar and Treasury yields. Meanwhile, Indian equities extended their winning streak to a fifth consecutive session. Market experts note that ongoing corporate earnings, foreign capital flows, and crude oil prices will dictate whether the current stock market rally reaches fresh highs.

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LiveMint Markets10m ago 1 min
Economy

Scientists warn that marine heatwaves and shifting fish stocks endanger coastal livelihoods

Researchers warn that rising sea temperatures and migrating fish populations put coastal communities at risk. They stress the necessity of combining advanced satellite technology, climate modeling, and artificial intelligence to monitor marine ecosystem shifts effectively.

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Hindu BusinessLine14m ago 1 min
Economy

Government approves ₹14,500-crore viability gap funding scheme for energy storage systems

The central government has approved a ₹14,500-crore viability gap funding program for grid-scale energy storage systems. This initiative is designed to back the creation of 92 gigawatt-hours of energy storage capacity throughout the country.

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Hindu BusinessLine16m ago 1 min
CA Corner

Dabur India Announces Eleventh Percent Growth in Quarterly Net Profit

Dabur India Limited posted an 11.7 percent increase in net profit for the quarter ending September 30, 2026, reaching ₹505 crore. The fast-moving consumer goods company demonstrated solid financial health during this period. Investors and financial analysts are reviewing these earnings for sector insights.

Scrips: Dabur

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Taxguru18m ago 1 min
Income Tax

Indian Personal Taxation Framework Continues to Assess Taxpayers Separately

The Indian income tax system maintains its structure focused on individual taxpayers rather than family units. This framework dictates how taxable income and deductions are computed across the country. Understanding this basis is essential for correct annual tax filings.

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Multibagg AI20m ago 1 min
RBI/SEBI Govt Breaking

SEBI REIT Amendment 2026 reclassifies off-site common infrastructure to change investment limits

The regulatory update allows off-site common infrastructure to be treated as real estate under specific rules. This change influences how investment limits and regulatory compliance apply to Real Estate Investment Trusts.

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Taxguru24m ago 1 min
Investment

Indian Metals and Ferro Alloys posts surge in September-quarter profit and announces interim dividend

Indian Metals and Ferro Alloys reported a 51.4 percent year-on-year increase in September-quarter net profit reaching ₹147.76 crore. Revenue grew by 34.7 percent annually alongside a declared interim dividend of ₹5, while company shares climbed 2.5 percent to ₹1,126.

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LiveMint Markets25m ago 1 min
Global Finance

Reduced congressional support may temper United States tariff pressure on India during trade negotiations

Experts note that diminished legislative backing could limit unilateral tariff actions by the United States President. Nevertheless, sustained bipartisan backing for protectionist policies means overall trade policy uncertainty will likely continue.

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Hindu BusinessLine26m ago 1 min
Business

Political Query Raises Questions Regarding Parliamentary Resignations in Two Thousand Twenty Four

A public query has emerged questioning whether an individual who assumed office as a Member of Parliament in 2024 will step down. The inquiry highlights ongoing political discussions surrounding elected representatives and their mandates. Observers are awaiting formal responses regarding this matter.

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Economic Times27m ago 1 min
Investment Breaking

Indian equity indices record strong five-session gains driven by foreign inflows and falling crude prices

Indian benchmark indices extended a five-day winning streak, with the Nifty 50 climbing 5.55 percent and the Sensex rising 5.53 percent. Market sentiment benefited from broad-based buying, foreign investor capital inflows, and lower crude oil prices, whereas IT sector shares lagged behind.

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LiveMint Markets29m ago 1 min
Income Tax Govt

ITAT deletes tax addition after taxpayer proves cash deposits stemmed from mother's gold sale

The Income Tax Appellate Tribunal deleted a tax addition after a taxpayer explained that bank cash deposits totaling ₹13 lakh originated from his mother's gold jewellery sale. The explanation was validated by a notarized gift deed and a registered valuer's report.

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Taxscan29m ago 1 min

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