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Commodities

Indian sovereign debt prices retreat on higher US borrowing costs despite cheaper crude

Indian government bonds fell on Wednesday due to a sharp increase in US Treasury yields driven by strong inflation and hawkish policy cues. This global pressure outweighed the positive impact of declining crude oil prices, potentially reducing the attractiveness of domestic debt for overseas investors.

Effective Not specified in the update

For professionals: Monitor global yield movements and foreign institutional investor flows closely when managing debt portfolios. Track upcoming US inflation prints and Federal Reserve commentary to anticipate spillover effects on domestic bond pricing.

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ET Markets14m ago 1 min
GST

Bombay High Court rules authorities cannot reject import integrated tax credit due to technical glitches

The Bombay High Court ruled that businesses cannot be denied integrated tax credit on imports due to technical portal failures. This judgment protects taxpayers from losing legitimate credits caused by technical barriers on official digital systems.

Effective Not specified in the update

For professionals: Advise affected clients to document all portal error logs, system screenshots, and correspondence when facing credit rejections due to system-related glitches on the designated digital network. · Keep track of writ petitions and jurisdictional high court rulings addressing technical glitches on the Goods and Services Tax network.

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Taxguru16m ago 1 min
Economy

Weather department forecasts isolated heavy downpours for Tamil Nadu and Puducherry amid developing system

The weather agency forecasts isolated heavy rainfall for Tamil Nadu and Puducherry as a fresh low-pressure area develops over the Bay of Bengal. This evolving system creates distinct weather patterns, bringing widespread thunderstorms to the southern peninsula and potential storm activity elsewhere.

Effective Not specified in the update

For professionals: Not specified in the update · Not specified in the update

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Hindu BusinessLine19m ago 1 min
Income Tax

Understanding tax regulations for festive employer vouchers, cash bonuses, and personal gifts for 2026

Tax regulations for festive gifts in 2026 outline specific thresholds for employer vouchers, cash bonuses, and personal exchanges. The guidelines detail the ₹15,000 threshold, family gift exemptions, the ₹50,000 general limit, and salary tax deduction at source requirements.

Effective 2026

For professionals: Review payroll structures and categorize festive payouts correctly to ensure accurate tax deduction at source on taxable bonuses · Advise clients that cash bonuses are fully taxable as salary income regardless of the festive season while non-cash gifts or vouchers may enjoy specific exemptions if they stay below prescribed limits · Ensure compliance with the ₹15,000 threshold for certain employer benefits and the ₹50,000 aggregate limit for non-relative gifts, keeping in mind that exceeding the ₹50,000 limit makes the entire gift value taxable in the hands of the recipient

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Taxguru19m ago 1 min
GST

CGST Act provisions establish tax recovery liability for business successors during restructurings

Sections 85 to 94 of the Central Goods and Services Tax Act secure tax recovery by imposing liability on business successors, liquidators, and responsible persons. These provisions ensure government dues are collected despite structural changes, ownership transfers, amalgamations, or business dissolutions.

Effective Not specified in the update

For professionals: Conduct thorough compliance checks and obtain indemnity clauses when structuring mergers, acquisitions, or asset transfers. · Monitor official clarifications and tribunal rulings concerning successor liability parameters.

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Taxscan19m ago 1 min
Markets Breaking

Domestic benchmark indices surge sharply as Sensex gains 1,190 points and Nifty crosses 25,350

Indian equity benchmarks rallied significantly during the session, with the Sensex advancing over 1,190 points and the Nifty reclaiming the 25,350 mark. Major equities, including shares of IndiGo and Mahindra & Mahindra, emerged among the leading performers driving the market advance.

Effective Not specified in the update

For professionals: Review portfolio allocations to capitalize on sectoral rallies while maintaining risk management protocols · Keep track of upcoming corporate earnings reports and macroeconomic data releases · Align investment strategies with long-term financial goals and disciplined profit-taking

Scrips: IndiGoMahindra & Mahindra

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Fortune India22m ago 1 min
Income Tax Govt

Mumbai tribunal rules determining nil arm's length price without statutory transfer pricing method is invalid

The Mumbai bench of the Income Tax Appellate Tribunal ruled that determining a nil arm's length price without applying a prescribed transfer pricing method is invalid. The decision reinforces statutory compliance standards for international transactions and transfer pricing assessments.

Effective Not specified in the update

For professionals: Challenging ad-hoc adjustments during appellate proceedings by citing statutory computation mandates is required when representing multinational corporations. · Monitoring tribunal precedents regarding transfer pricing documentation standards and benchmarking methodologies is necessary.

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Taxguru22m ago 1 min
GST

Jharkhand High Court orders clearance of admitted tax liability to restore revoked goods and services tax registration

The Jharkhand High Court directed a petitioner to pay ₹27.44 lakh in admitted tax dues as a condition for restoring a cancelled goods and services tax registration. This order balances trade compliance with revenue protection by linking registration revival to tax clearance.

Effective Not specified in the update

For professionals: Advise clients seeking registration restoration to segregate admitted liabilities from disputed demands and offer upfront payment proposals during court proceedings. · Track high court procedural requirements for writ petitions concerning registration cancellations to secure judicial relief.

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SCC Online23m ago 1 min
Economy

Mumbai airport terminal 1 upgrade leaves nearly 91 percent of global flyers untouched

The planned overhaul of Terminal 1, which first opened in 1964, focuses mainly on resolving urgent structural safety issues. Despite the construction work, approximately 91 percent of international passenger traffic at the Mumbai airport will continue without any disruption.

Effective Not specified in the update

For professionals: Airport stakeholders, logistics operators, and local investors must monitor project timelines and phase-wise implementation reports to gauge operational efficiency. · Keeping track of such capital expenditure projects ensures better assessment of asset performance and passenger capacity management throughout the multi-year construction lifecycle.

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Hindu BusinessLine23m ago 1 min
Economy

International airlines elevate fleet standards and premium offerings amid rising Indian aviation competition

Malaysia Airlines, Swiss, and SAS are introducing newer aircraft for Indian routes as outbound travel rebounds from West Asia disruptions. Simultaneously, domestic carrier IndiGo is prioritizing the rollout of its own premium product to capture market share. This surge in upgrades highlights intensifying rivalry among operators serving the region.

Effective Not specified in the update

For professionals: Review airline client portfolios and travel impacts. · Analyze capital expenditure and yield pressures for airline clients.

Scrips: IndiGo

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Hindu BusinessLine24m ago 1 min
Income Tax

Understanding the Latest Capital Gains Tax Rates on Debt Mutual Funds and Bonds

This update outlines the current capital gains tax rates applicable to debt mutual funds and bonds. Investors must evaluate these taxation rules for accurate tax planning and investment evaluation. Specific rates and holding periods govern these financial instruments under current tax provisions.

Effective Not specified in the update

For professionals: Review transaction statements and maintain accurate purchase price records for debt mutual funds and bonds. Apply the correct short-term or long-term tax schedules and rates during return filings based on holding periods. Monitor ongoing notifications from tax authorities for upcoming modifications to ensure client compliance. · Businesses and investors must properly manage these asset classes to safeguard against miscalculating liabilities and to optimize portfolio tax efficiency.

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Economic Times24m ago 1 min
Markets Breaking

InterGlobe Aviation shares climb five percent and rank among top Nifty 50 gainers

InterGlobe Aviation shares rose on the National Stock Exchange after opening higher than the previous close. The equity reached a peak during the trading session on Wednesday, placing the company among the leading performers on the Nifty 50 index. Investors are closely monitoring the stock movement and price targets.

Effective Not specified in the update

For professionals: Review trading volumes and technical charts before making portfolio adjustments or executing buy and sell orders for clients. Ensure clients monitor ongoing price targets and intraday fluctuations to comply with personal risk management frameworks. · Monitor official exchange data closely to assess whether upward trajectories are supported by sustained buying pressure or brief intraday rallies.

Scrips: IndiGo

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LiveMint Markets24m ago 1 min

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