Unutilised CGAS funds: Don't let 3-year exemption deadline trigger tax notice
A widespread misconception exists that capital gains tax remains deferred until funds are physically withdrawn from the CGAS account.
A widespread misconception exists that capital gains tax remains deferred until funds are physically withdrawn from the CGAS account.
India’s non-banking financial companies (NBFCs) appear to be entering a more broad-based phase of cyclical recovery, with first-quarter FY27 results pointing to improvement across growth, asset quality, margins and operating leverage. The recovery is also beginning to feed into earnings expectations, with upgrades coming earlier than typically seen at this stage of the financial year….
Banking customers across the nation can head towards their respective branches without any worry today, Saturday, 29 August 2026. This is the 5th Saturday of the month, and under the Reserve Bank of India (RBI) rules, only the second and fourth Saturdays are observed as bank holidays. Furthermore, all public and private-sector lending institutions, including…
US President Donald Trump purchased at least $1 million each in shares of Meta Platforms, McDonald’s and Microsoft in August, while also acquiring at least $1 million in SpaceX debt, according to a financial disclosure released on Thursday, Bloomberg News reported. The 18-page filing, published by the US Office of Government Ethics, details 517 transactions…
Mumbai: General insurers may have to increase reserves for motor third-party claims as a series of Supreme Court rulings raise the compensation payable to accident victims, putting further pressure on insurers’ profitability. The Supreme Court’s June ruling in the Shishu Pal case, which fixed a notional monthly income of ₹30,000 for homemakers while calculating compensation…
Gold and silver prices: The price of the yellow metal in India’s retail market rose on 5 August amid continued uncertainty and tensions between the United States and Iran, following the US military’s claim that the Strait of Hormuz was open to all commercial vessels. Along with this, US Treasury Secretary Scott Bessent claimed that…
The combined market valuation of nine of the top-10 most-valued firms jumped Rs 2.51 lakh crore last week, with Bajaj Finance emerging as the biggest winner, in tandem with a positive trend in equities. Last week, the BSE benchmark Sensex climbed 2,034.87 points, or 2.67 per cent, and the NSE Nifty surged 616.15 points, or…