'If a charitable or religious trust sells a capital asset -- such as land, buildings, shares -- and makes a capital gain, it can avoid paying tax on that gain if it reinvests the proceeds in another capital asset for its charitable purposes.'
Kerala Chief Minister Pinarayi Vijayan accused Governor Rajendra Vishwanath Arlekar of omitting portions of the state cabinet-approved policy address, specifically criticizing the Union Government's fiscal policies and the pending status of state bills.
'Equities may not outperform every year, but if they do so seven times out of 10, it's an asset class worth relying on.'
Scammers sometimes misuse personal information collected during tax preparation, leading to identity theft or unauthorised financial transactions.
The government is studying suggestions on checking instances of double non-taxation and 'treaty shopping'
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
Flexicap fund performance depends heavily on the fund manager's decisions.
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
The Centre is considering amendments to the Recovery of Debt and Bankruptcy Act in the Budget to allow some Debt Recovery Tribunals to focus only on high-value cases.
Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.
'People become guided by emotions, fear of missing out, and greed. They tend to invest in booming sectors that may prove exceptionally expensive.' 'Typically, that represents the peak, and subsequently, they lose substantially.'
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
While EPF rewards patience and compounds your money, inflation decides how far your money really goes.
Avoid donating without checking the receipt proforma showing the political party's ECI registration number and PAN.
'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns (ITRs) filed for Assessment Year (AY) 2025-26, sources said.
Novak Djokovic and Carlos Alcaraz clash in the Australian Open final with history on the line as Djokovic chases a record 25th Slam and Alcaraz eyes a career Grand Slam.
InterGlobe Aviation, the operator of IndiGo, has approached the Delhi high court seeking a refund of over Rs 900 crore it claims to have paid as Customs duty on aircraft engines and parts re-imported into India after overseas repairs. The petition came up for hearing on Friday before a bench of Justices Prathiba M Singh and Shail Jain.
This exercise allows investors to realign their portfolios with changing market conditions and evolving personal objectives.
Think again. Not filing could cost you. Here's who must file, who should, and why it matters. What's more, the deadline to file your ITR has been extended till September 15, 2025
Indian-origin steel magnate Lakshmi N Mittal, until now based in Britain and a regular on the country's richest billionaires tally, has decided to quit the UK as the Labour Party-led government's feared tax shake-up for the super-rich nears, according to a UK media report on Sunday.
A trade deal makes sense only if it is fair and reciprocal. If the cost is strategic dependence or loss of policy space, waiting is the wiser option, asserts Ajay Srivastava.
Foreign companies now pay less tax relative to their earnings than at any time in more than three decades. Foreign private companies paid 24.36 per cent of their pre-tax profit as tax in 2023-24, show numbers from the Centre for Monitoring Indian Economy (CMIE).
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
In the mid-1990s, when the shares of listed companies first began to be held in electronic form, they accounted for less than 1 per cent of the stocks bought and sold on the stock exchanges. This climbed to 99.5 per cent by 2001.
'The bigger unknown remains global geopolitics, which is inherently unpredictable, including developments in our neighbourhood.' 'Another concern is the increasing tilt of government finances towards welfare subsidies, especially at the state level.' 'This could constrain capital expenditure, which is critical for long-term growth.'
Review your family emergency fund and replenish it if needed. Revisit financial goals to see if there is any change in timeline or the corpus required.
Some individuals opt for the new regime without a comparative analysis of the tax liability under the two regimes.
These losses increase insurance premiums for customers and reduce insurer margins on the other.
rediffGURU T S Khurana answers readers' personal income tax queries.
Initial findings reveal that the tax code has received an overwhelmingly positive feedback
Do you have financial planning or income tax queries? Ask rediffGURU Anil Rego.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
The CBDT is investigating Jane Street for possibly misusing the India-Singapore tax treaty.
Make sure the rider adds value rather than just adding to cost.
Quoting an incorrect PAN during property registration can invite penalties and prosecution.
The Indian government has expressed its disagreement with the IMF staff's 'baseline' assumption that the 50 per cent US tariffs on its goods exports 'would remain in place indefinitely', based on which the staff pegged the country's GDP growth at 6.6 per cent this year, and pared its 2026-27 projection by 20 basis points to 6.2 per cent.
Taking a serious note of the situation, the civil aviation ministry said it has invoked regulatory powers to ensure fair and reasonable fares across all affected routes.
