Market pulse › Taxes
Taxes
Today25 stories · 29 articles
Net tone● +3% today
Market check
Developing5 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
1228 Sept
Policy● mixedCan you save tax by gifting money to your HUF? How Section 99 changes the tax equationCapital gains tax
Policy● mixedTax audit deadline is September 30: What you need to know about new Form 3CD rulesTax audit reports for AY 2026-27 are due by September 30, 2026Income tax
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
● mixedRs 20 Lakh Salary + Rs 5 Lakh Side Income: When Does Your Tax Planning Need To Change?Income tax
Policy● mixedIncome Tax Act 2025: What crypto investors should know about VDA provisions, TDS and ITR filing rulesVDA tax treatment largely remains unchanged, including 30% tax and 1% TDSIncome taxCrypto regulationCrypto
Market move● mixedA 10% risk-free yield? For some, yes.The 10% risk-free yield could be a bargain for very high earners and people in high-tax locationsUS Treasuries
Legal▼ bearishSunteck Realty receives ₹59 crore GST notice for TDR procurement in FY23Sunteck Realty received a ₹59 crore GST notice over FY23 TDR procurementSunteck RealtyGSTReal estate
Policy● mixedCBIC simplifies origin paperwork for UK imports seeking preferential tariffsA valid origin declaration from UK exporters can support preferential tariff claimsUnited KingdomTrade dealsTrade and tariffs
Policy▲ bullishLower borrowing plan signals tax buoyancy, offers relief for bond yieldsNet market borrowings remain aligned with budgeted levelsGovernment borrowingG-secsBond yields
● mixedMy friend is terminally ill. Should she sell her rental home and pay $100,000 in capital gains?A terminally ill woman is weighing whether to sell her rental home and pay $100,000 in capital gainsCapital gains taxHousingReal estate
Legal● mixedRajasthan tax department expands probe into evasion, false claimsRajasthan’s tax department detected potential tax liability of ₹22.79 crore at over 25 establishmentsGST
Legal● mixedRs 50 lakh in US stocks, tax paid in full, yet I-T notice arrives. What went wrong?Wall StreetIncome taxCapital gains tax
Policy● mixedIncome tax calendar October 2026: ITR, TDS, Form 141 and other deadlines to knowOctober 2026 includes ITR filing deadlines for eligible taxpayersIncome tax
Legal● mixedIncome Tax notice uploaded on e-filing portal is not enough to prove Section 148 notice was issued: ITATIncome tax
Policy● mixedMutual fund tax rules: How SIPs, switches and losses affect capital gainsEach SIP instalment is treated separately for capital gains tax purposesCapital gains taxMutual fundsIncome tax
Policy● mixedSitharaman says UPI MDR decision was professional, without external pressureThe MDR is 0.4%UPINirmala SitharamanFintech and payments
Policy● mixedIndia’s Palm Oil Tax Cut Could Boost Earnings For Local Planters, CIMBFarm commoditiesAgricultureFood prices
Policy● mixedFM says proposed UPI MDR is not a tax and will not burden consumersMDR will not be passed on to consumersUPINirmala SitharamanFintech and payments
Policy▲ bullishIndia’s revised bilateral investment treaty framework keeps taxation outside its scopeThe Cabinet is expected to consider the revised model BIT soonTrade dealsTrade and tariffs
Policy● mixedGST Council’s October 7 meeting to focus on process reforms; no broad rate changes expectedThe Council is expected to review implementation of GST rate changes over the past yearGSTUPI
Market move▼ bearishBuzzing Stocks: ESDS Software slips 5% despite 14% profit jump; JSW Cement falls on ₹230 crore GST noticeESDS Software SolutionJSW CementGST
Legal● mixedTax consultant filed incorrect deduction claims: Why ITAT cancelled ₹2.21 lakh penalty on a salaried employeePune ITAT cancelled a ₹2.21 lakh penalty on a salaried employeeIncome taxBengaluru
Policy● mixedSitharaman says UPI MDR above ₹2,000 will not be passed to customersMDR on specified UPI transactions above ₹2,000 will be borne within the payments ecosystemUPIFintech and paymentsNirmala Sitharaman
Policy● mixedNew TDS rules from October 1: What will change for property buyers dealing with NRI sellersIncome taxHousing
Policy● mixedDeath certificate in India: How to register a death, documents required, 1 Oct rule changesA death certificate is essential for settling insurance, mutual funds, investments, property and tax mattersInsuranceMutual fundsLife insurance
Policy● mixedCBDT simplifies TDS compliance for property purchases from non-residents; new Form 141, Schedule E from October 1Income taxHousing
Policy● mixedTax audit report filed for AY 2026-27? Check these errors before 30 September and know when revision is allowedReview tax audit report details before the 30 September deadlineIncome tax
Policy● mixedInherited 1980s shares? How grandfathering rules save you from 2026 LTCG tax billGrandfathering rules can determine the cost of inherited listed sharesCapital gains tax
Policy● mixedGST Council to review proposed levy on UPI merchant fees above ₹2,000The GST Council is scheduled to meet on October 7 to discuss the levyUPIGSTFintech and payments
Policy● mixedGST Council may review UPI MDR and an 18% tax next monthGST Council will take up a proposal on MDR for UPIUPIGSTFintech and payments
Policy● mixedUPI MDR: No extension of October 15 implementation date; GST Council may review 18% GSTUPIGSTFintech and payments
Legal▼ bearishJSW Cement receives ₹230 crore GST demand notice over alleged incorrect classificationJSW Cement received a ₹230 crore GST demand notice over alleged incorrect classificationJSW CementCementGST
Policy● mixedTax audit deadline for AY 2026-27 is September 30, 2026Tax audit deadline for AY 2026-27 is September 30, 2026Income tax
Legal● mixedWoman skips ITR filing, faces Rs 16 lakh income tax addition; what ITAT ruling saysIncome tax
Policy▼ bearishSEA terms edible oil duty reduction a timely, balanced interventionBCD on crude soybean and palm oil was cut from 10% to 5%Farm commoditiesImport dutiesAgriculture
Policy▲ bullishIndian copper producers urge government to cut indirect tax to 5% from 18%Copper producers are urging a GST cut on copper products from 18% to 5%GSTBase metalsMetals and mining
Deal● mixedJSW seeks Volkswagen coverage for $1.4 billion India tax liability in proposed dealJSW seeks a majority stake in closely held Skoda Auto Volkswagen IndiaJSW GroupAutosVolkswagen
● mixedPlanning a joint home loan with your spouse? Know how it affects eligibility, tax benefits, EMI and repaymentCombining spouses’ incomes can increase joint home-loan eligibilityHousing financeReal estate
● mixedCorporate NPS: why India needs to flip the retirement savings defaultOnly 5–6% of eligible private-sector employees participate in Corporate NPS
Policy● mixed75% traders may not face UPI levy, says NPCI MD & CEO Dilip Asbe75% of traders may not face a UPI levy, NPCI chief Dilip Asbe saidDilip AsbeUPIGST
Legal● mixedMumbai tenant gets flats worth ₹1.38 cr after surrendering tenancy rights; receives tax notice — ITAT grants reliefMumbai tenant Manoj Devshi Chhadva received two flats valued at ₹1.38 crore for surrendering tenancy rightsReal estateHousing
Legal● mixedInput tax credit and supplier default: SC settles the law, but compliance reality remains complexThe absence of an invoice in GSTR-2A may indicate the supplier has not paid GSTGSTITC
Policy● mixedPAN-based TDS reporting eases compliance for NRI property purchases from October 1Resident individuals and HUFs no longer need a TAN solely for TDS complianceIncome taxHousing
Policy● mixedBuyers of property from non-residents can use PAN and Form 141 for TDSChanges take effect October 1, 2026Income taxReal estate