“The exemption applies from tax year 2026-27 (FY27). The gift exemption limit of ₹15,000 covers non-cash gifts, vouchers and tokens, including physical gifts and digital gift cards redeemable for goods or services, provided their aggregate value is below ₹15,000 during the tax year. Gifts to a member of the employee’s household are also covered,” said SR Patnaik, Partner (head-taxation), Cyril Amarchand Mangaldas.
The 8th central pay commission (8th CPC) in its consultation stage is undertaking state visits and meetings with various employee and pensioner representative groups, unions and stakeholders to gather suggestions before making its own recommendations next year. It is chaired by former Supreme Court Judge Justice Ranjana Prakash Desai, with Pankaj Jain, a former IAS, as…
The Nifty fell over 2% during the week amid sustained selling pressure. Analysts see support at 22,150–22,350 and resistance at 22,800-23,200. While bearish signals dominate the broader outlook, a close above a key technical indicator suggests scope for a near-term recovery. TANMAY SHAH, HEAD OF TECHNICAL RESEARCH, SIHL The Nifty is consolidating around its 200-week…
Shares of Billionbrains Garage Ventures, the parent company of investment platform Groww, declined 3% to Rs 196 on the BSE on Wednesday after 12.75 crore shares (2.1% equity) changed hands in a Rs 2,500-crore block deal. The Economic Times reported that Ribbit Capital was set to launch a block deal to sell its stake in…
Often attributed to Will Rogers, this is probably the most famous quote on debt: “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” A loan can help you study, buy a home or grow a business. However, a useful purpose does not automatically make…
Sugar stocks rallied up to 8% on Thursday after the government tightened inventory limits, barring dealers handling more than 10 metric tonnes of sugar per month from holding stocks for over 15 days. Bajaj Hindusthan Sugar shares rose around 8% to Rs 22, while Shree Renuka Sugars and Dhampur Sugar Mills gained 6-7%. Balrampur Chini…
More than 1.18 lakh Central government employees, retirees and eligible family members have opted for the Unified Pension Scheme (UPS) since it came into force, with the government saying there is currently no proposal to review or replace the pension framework. In a written reply in the Lok Sabha on Monday, Finance Minister Nirmala Sitharaman…