From Thursday, 1 October, several financial rules take effect. State Bank of India will reduce free monthly ATM transactions at other banks for salary package account holders from 10 to five. Domestic…
Profits from stock trading can be classified as business income for tax purposes, not just capital gains, depending on the nature and frequency of trades. Intraday trading is considered speculative business income,…
The Income Tax Department launched a nationwide verification on August 18 of suspicious foreign remittances, covering 394 entities and 36 professionals. The move follows data analysis and ground intelligence that showed entities…
The government on 16 August opened the Foreign Assets of Small Taxpayers, Disclosure Scheme (FAST-DS) 2026, a one-time amnesty for undisclosed foreign assets and income. First announced in the Union Budget, the…
