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The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a ₹25 lakh addition made to a taxpayer’s income over an alleged cash payment for a flat, holding that the Income Tax Department cannot rely on statements of third parties without giving the taxpayer access to those statements and an opportunity to cross-examine…
Around 38 companies have fixed Friday as the record date for their respective dividends, effectively making today the last day for interested investors to buy the shares to be eligible for the payments. Under Sebi‘s T+1 settlement cycle, investors need to purchase a company’s shares at least one trading day before the record date to…
Goodluck India has fixed Friday as the record date for its 2:1 bonus issue, effectively making today the last day for interested investors to buy shares of the manufacturer of precision engineering and steel products to be eligible for the bonus reward. Only those shareholders who hold Goodluck India shares in their demat accounts as…
India’s markets regulator is set to overhaul decades-old rules and stem soaring outflows of foreign funds, three sources said, in a move some investors say would help the South Asian nation beef up its weighting in global stock market indexes. The changes, if finalised, will come as foreign ownership of Indian stocks has hit a…
A taxpayer who constructed a new house before selling his old residential property has won a case against the tax department. In its 3 August 2026 order in Raj Kumar vs ITO, ITA No. 3396/Del/2026, the ITAT Delhi quashed the reassessment after finding that the Section 148 notice was issued beyond the permissible limitation period….
Gold hovered near its highest level in more than two months on Thursday after a surprise liquidity support announcement by the U.S. Treasury pushed yields and the dollar lower. FUNDAMENTALS Spot gold was little changed at $4,512.19 per ounce, as of 0031 GMT, after hitting its highest level since June 2 at $4,525.79 earlier in…
The income tax return (ITR) filing deadline for taxpayers with income from business or profession is now less than two weeks away. While missing the last date does not mean you lose all options, filing late can come with additional interest, late-filing fees and other consequences. The August 31 deadline applies to taxpayers filing ITR-3,…
Mumbai: Investors looking for equity-like returns with milder drawdowns could consider multi-cap funds that invest across large-, mid- and small-cap stocks. Over the 21-year period from April 2005 to July 2026, the Nifty 500 Multicap 50:25:25 TRI delivered an annualised return of 15.53%, higher than the 13.99% return from large-caps and slightly lower than 15.79%…
ET Intelligence Group: Tempsens Instruments (India), a thermal engineering company, plans to raise ₹650 crore from the primary market. Of this, ₹95 crore is through a fresh issue to fund capital expenditure and repay debt while the remaining is an offer for sale. The promoter group’s stake will fall to 65.7% after the IPO from…
Mumbai: The Indian rupee closed at a three week low of 95.75 on Wednesday, marginally weaker from its previous close of 95.68, with traders attributing the modest retreat to substantial central bank interventions that prevented further losses for the local monetary unit. The RBI has consistently intervened for the past nine trading sessions, arresting weakness…