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Law enforcement and tax personnel, including police officers along with Income Tax and Goods and Services Tax officials, are currently under investigation by the Enforcement Directorate. The probe examines allegations that these state and central functionaries assisted operators running digital scams.
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Assessees are required to submit their annual Goods and Services Tax return for the financial year 2025-2026 by December 31, 2026. This mandatory filing must occur only after completing all regular periodic tax returns for the relevant period.
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Physical currency continues to dominate transactions across the country a decade after the demonetisation exercise, even as digital payment volumes experience substantial expansion. Cash usage persists across multiple consumer segments despite widespread adoption of electronic platforms.
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The High Court ruled that budgetary shortages do not justify withholding payments owed to contractors for executed work. Authorities remain legally obligated to disburse completed bills, including applicable taxes, regardless of fund availability.
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Precious metals recorded extended market gains as declining crude oil valuations helped alleviate broader macroeconomic inflation worries. Both gold and silver experienced upward price momentum driven by favorable commodity market indicators.
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Nuvama Wealth Management Ltd recorded a consolidated net profit of Rs 303.5 crore for the second quarter of fiscal year 2027, accompanied by a revenue rise to Rs 1,366 crore. Client assets expanded to Rs 5.5 lakh crore, supported by strong performances across wealth management, asset services, and capital markets.
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The small-cap equity counter opened at Rs 40.96 per share on the Bombay Stock Exchange, advancing from its previous close of Rs 40.19 during Muhurat Trading. The stock reached an intraday high of Rs 41.64 on November 9 amidst sluggish overall market trends.
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State-owned and private energy enterprises delivered dividend yields of up to 7 percent in 2026, demonstrating robust cash generation capabilities. Market analysts note that these payouts highlight strong corporate liquidity despite ongoing volatility across domestic equity markets.
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The Nifty index fluctuated around the 25,000 level as gains in banking and pharmaceutical stocks cushioned the downward pressure from technology counters. This market movement also concluded a prevailing Muhurat trading positive streak.
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Opposition leader Gaurav Gogoi formally detailed ten alleged electoral irregularities, directing specific criticism toward the central administration and the Election Commission. His concerns encompass issues related to special intensive revision and administrative delimitation processes.
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IRB Infrastructure shares advanced over six percent on November 9 after posting an 84.85 percent year-on-year rise in second-quarter net profit for fiscal year 2027, reaching ₹260.15 crore. Enhanced toll collections and InvIT distributions bolstered performance, with technical experts eyeing a potential target of ₹20.
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The Authority for Advance Rulings declined to determine the applicable tax rate for a yeast-fermented grape drink, citing the absence of a valid alcohol test report. The ruling noted that yeast converts fruit sugars into alcohol and carbon dioxide, differentiating such beverages from standard fruit juice products.
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