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A taxpayer who mistakenly reported his Australian salary in his Indian income tax return (ITR) has secured relief from the Delhi bench of the Income Tax Appellate Tribunal (ITAT), which ruled that the income was not taxable in India under the India-Australia Double Taxation Avoidance Agreement (DTAA). However, the tribunal also held that he could…
Shares of renewable energy major Inox Wind gained 3% to Rs 78 on the BSE on Wednesday after the company announced that it secured a repeat 200 MW turnkey order from NLC India worth Rs 1,600 crore. Under the contract, Inox Wind will be responsible for the end-to-end execution of the project, including supplying wind…
Shares of Larsen & Toubro (L&T) rose nearly 4% to Rs 3,967 on the BSE in Wednesday’s early trade after the engineering major reported a 14% year-on-year (YoY) rise in net profit to Rs 4,123 crore for the first quarter of FY27, with brokerages retaining their ‘Buy’ calls for the stock. L&T’s revenue from operations…
The Indian stock market surged on Wednesday, with benchmark indices Sensex and Nifty rising nearly 1% each, despite a sharp increase in oil prices as US-Iran tensions escalated.At 9:49 am Sensex soared above 800 points to trade at 77,550 level, while Nifty gained over 200 points to trade above 24,200 mark. The sharp gains added…
Gold and silver prices: Gold fell on Wednesday in the international markets, weighed down by a firm dollar that remained near a one-month high, while investors awaited this week’s US Federal Reserve interest rate decision and comments from Chair Kevin Warsh for signals on the policy outlook. Spot gold fell 1.1% to $4,032.42 an ounce,…
Banks collected more than ₹26,170 crore from customers as penalties for failing to maintain the minimum average balance (MAB) in their accounts over the four financial years from FY23 to FY26, according to a written reply by Minister of State for Finance Pankaj Chaudhary in the Rajya Sabha. The data, compiled from public sector banks…
The last date to file your income tax returns is just two days away, with 31 July just around the corner. This calls for swift action by all eligible taxpayers, who are required to file their income tax returns by the stipulated deadline of 31 July. If you miss this due date, you may incur…
As the due date for filing income tax return (ITR) for assessment year 2026–27 (FY2025-26) is just two days away, many taxpayers may be looking for easier ways to submit their returns online, especially those with a complex income profiles and investments spread across multiple asset classes. While the official income tax department’s portal remains…
Lighthouse-backed Indian gifting retailer Ferns N Petals plans to go public by the end of 2028 to fund expansion and acquisitions, while targetting revenue growth of about 25% annually, its global CEO told Reuters. “The end of 2028 will be a good time for us to go public,” Pawan Gadia said, adding that the company…
In the Nifty500 pack, eight stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on July 28, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a…