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Indian stock markets experienced a downturn throughout Samvat 2082 driven by overseas capital withdrawals, international conflicts, and elevated petroleum costs. Despite this broader market decline, sixteen companies within the Nifty 500 index generated returns surpassing 100 percent, with Cupid and Sterlite Technologies pacing the group.
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The Lok Sabha Speaker formally accepted the resignation of Aga Ruhullah, resulting in the Srinagar parliamentary constituency becoming vacant. No further details regarding the circumstances or subsequent by-election schedules were provided in the report.
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Silver prices registered a decline during the Dhanteras festival trading sessions. Investors and buyers tracking precious metal markets observed lower rates as retail demand unfolded.
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Industry stakeholders expect retail gold sales to rise during Dhanteras due to lower bullion prices. Demand is projected to center around coins and bars, supported by investment sentiment and seasonal gifting traditions.
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M. Varaprasad discussed the critical role of insurance for small and medium enterprises at the Business Growth Summit. The session highlighted how coverage helps businesses manage unexpected risks and supports sustained commercial expansion. Financial professionals should evaluate enterprise protection strategies to safeguard corporate assets and ensure continuity.
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The Central Board of Direct Taxes announced a tax deduction at source exemption for dividend distributions between aircraft leasing units operating inside International Financial Services Centres. The relief falls under the Income-tax Act, 2025.
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Income Tax Principal Director General Debjyoti Das warned that filing and reporting errors in taxation could endanger the sovereign rating of the country. Such oversights also risk triggering severe withholding tax penalties for businesses and taxpayers.
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Gujarat Pipavav Port delayed the commissioning of its liquid jetty to March-April 2027 due to construction setbacks. Meanwhile, the firm upgraded its container traffic growth outlook to 8-10% for fiscal year 2027, driven by higher trans-shipment cargo from West Asian conflicts.
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The Central Board of Direct Taxes has formally revised the assessment years applicable to the Andhra Pradesh Electricity Regulatory Commission. This adjustment falls under Section 10(46) of the Income-tax Act, 1961, modifying the taxation framework for the specified body.
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The Supreme Court has halted the Bombay High Court decision that instructed the tax department to adhere to a special bench ruling in the SKF case. This ongoing legal dispute concerns the appropriate capital gain tax rate applicable to depreciable assets. The apex court will hear the case in the near future.
Effective Not specified in the update
For professionals: Advise clients with pending litigation on depreciable assets to monitor the upcoming Supreme Court hearings closely. · Maintain comprehensive records of asset depreciation schedules. · No immediate compliance filing changes are required until the apex court pronounces its final verdict.
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Union Minister Nitin Gadkari announced that farmers in Uttar Pradesh will produce hydrogen fuel for commercial aircraft. The initiative integrates agricultural output with green energy production for aviation.
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The Supreme Court will deliver a ruling regarding capital gains tax on depreciable assets. The judicial decision will clarify long-standing tax disputes affecting business asset sales.
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