Market pulse › Taxes
Taxes
Today22 stories · 25 articles
Net tone● +4% today
Market check
Developing4 storylines
Taxes in three lines
- Star Health’s policy base rose 11% after individual health insurance premiums were exempted from GST
- Taxpayers must check their tax audit report and complete remaining steps by 30 September
- A valid Origin Declaration suffices to claim concessional duty on UK imports under the India-UK CETA
123 Sept
1824 Sept
2625 Sept
1626 Sept
1627 Sept
928 Sept
Policy● mixedForeign assets not disclosed in ITR? Income Tax Department gives taxpayers one-time disclosure windowIncome tax
Policy● mixedETMarkets Smart Talk| F&O STT, UPI charges and trading costs: Sandeep Neema on the hidden drag on retail returnsSandeep Neema discussed F&O STT, UPI charges and trading costs as drags on retail returnsF&OUPIStockbrokers
Legal● mixedGrain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonIncome taxBanks
Legal● mixed₹85.30 lakh cash gifts from relatives: ITAT says donors’ low income alone isn’t enough to reject genuine giftsChennai ITAT deleted a tax addition of ₹85.30 lakh on cash giftsIncome tax
Policy● mixedYour booze could cost more in Delhi this festive season: Here’s whyDelhi is planning to increase excise duty on liquor
Policy● mixedTax audit due date remains Sept 30: No extension yet — Here's how much penalty you could face for late filingThe tax audit report deadline is September 30
● mixedHybrid funds are booming: Why some advisers prefer them while others remain cautiousSome advisers favour hybrid funds for tax efficiency and stabilityMutual fundsInsurance distribution
● mixedMoving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityBanks
Policy▲ bullishAfter GST exemption, retail policy base rises 11% for Star HealthStar Health reported an 11% rise in its policy base after individual health insurance premiums were exempted from GSTStar Health and Allied InsuranceHealth insuranceInsurance
● mixedCA submitted your tax audit report? The process doesn't end there—here's what you still need to do by 30 SeptemberTaxpayers need to check the tax audit report on the income-tax e-filing portal and complete remaining steps by 30 SeptemberIncome tax
Policy● mixedCBIC eases paperwork to claim concessional duty on imports from UKA valid Origin Declaration will suffice to claim concessional duty under the India-UK CETATrade dealsUnited KingdomImport duties
Policy● mixedExpecting nil tax liability this year? Know which form to submit to avoid TDS on bank interest, rent and dividend incomeTaxpayers with nil estimated tax liability can submit Form 121 to avoid TDS on certain incomesIncome taxBanks
Policy● mixedSold house, land, shares or mutual funds? Know 9 reinvestment options to claim capital gains tax exemptionThe Income-tax Act provides nine exemptions for capital gains from asset salesCapital gains taxIncome taxMutual funds
Policy● mixedGST Council likely to give green signal for freight movement by metro trainsGST Council likely to approve freight movement on metro trainsGSTRailwaysShipping and logistics
Policy● mixedMoney gifted to spouse: Can income earned from it be taxed in your hands? Tax expert explainsMoney gifted to a spouse may be exempt, but income earned from it can be clubbed with the donor’s income
● mixedRs 2,500 salary to Rs 6 Cr, Rs 3 Cr without stocks or MFs, Rs 80 L income to nil: 3 money journeysMutual fundsMarket valuationsGlobal markets
Legal● mixedSalary earned abroad, credited to NRE account: Does that make it taxable in India? ITAT ruling explainedBengaluru ITAT ruled that foreign salary credited to an Indian NRE account alone cannot make it taxable in IndiaIncome taxBengaluru
Data● mixedSouth Korea tax windfall could top 50 trillion won on chip boom - YonhapSemiconductorsGDP
Policy● mixedBuying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFsFrom October 1, resident individuals and HUFs buying property from non-residents can use their existing PAN for TDS complianceIncome taxHousing
Policy● mixedTax audit deadline September 30: 5 common mistakes in GST turnover, TDS, AIS and business expenses to avoidTax-audit deadline is September 30Income taxGST
Legal● mixed₹14.69 crore jewellery found in tax search: When can inherited gold escape tax scrutiny?Kolkata ITAT upheld deletion of a ₹1.56 crore tax additionIncome taxGoldBanks
Market move● mixedTax-free bond yields are in a sweet spot. Get in before it’s too late.Tax-adjusted municipal bond yields widened substantially over corporate bond yields in the past two monthsCorporate bondsBond yieldsGlobal bonds
Policy● mixedOne year of GST 2.0: What changed for hotel room pricing and guest behaviourAccor’s ibis says the ₹7,500 hotel-room threshold is drawing greater guest attentionGSTHotels and travel
● mixedProperty bought for ₹48 lakh, stamp value ₹58.7 lakh: Why ITAT cancelled ₹70,700 tax penaltyITAT cancelled a ₹70,700 tax penalty in a property case involving a ₹48 lakh purchase and ₹58.7 lakh stamp valueIncome tax
Policy● mixedMissed ITR deadline and want to claim a refund? What happens if you have an outstanding tax demandMissing the ITR filing deadline does not rule out claiming a refund for excess tax paidIncome tax
Legal● mixedSanofi India receives Rs 23.74 crore GST show cause noticeSanofi India received a ₹23.74 crore GST show-cause noticeSanofi IndiaGST
● mixedCan legal heirs be liable for a deceased parent’s income tax dues? Experts explainLegal heirs may be liable for a deceased parent’s income tax dues under Section 302 of the Income-tax Act, 2025Income tax
Legal● mixedSenior citizen wrongly paid tax on tax-free bonds: What the ₹9.91 lakh ITAT case meansA senior citizen received ITAT relief after mistakenly paying ₹9.91 lakh tax on tax-free bond interestIncome taxG-secsBond yields
Legal● mixedPurchased property below market value, filed no ITR, got income tax notice, paid the tax but asked to pay Rs 70,000 penalty; ITAT Delhi gives full reliefIncome taxCapital gains tax
Legal● mixedHer employer deducted Rs 3.91 lakh TDS but failed to deposit it; Mumbai IT professional got just Rs 79,030 credit and faced Rs 3.36 lakh demand, ITAT gives reliefIncome tax
Policy▲ bullishGST Cuts Leave 5-6% Affordability Headroom For Car Buyers, Says Tata Motors' Shailesh ChandraGST cuts leave 5–6% affordability headroom for car buyersTata GroupCars and SUVsAuto sales
Data● mixedTax fraud could cost US more than $300 billion annually, GAO findsAnnual federal tax-fraud losses estimated at $116 billion-$304 billion, based on 2018-2024 data
Policy● mixedGot Rs 1 Lakh Dividend Income? When Can TDS Be Refunded And When It Becomes A Tax Bill?Income taxPSU dividends