GST Council likely to consider proposals on arrest powers, ITC, prosecution threshold and more The GST Council may consider a package of GST process and enforcement reforms at its October 7 meeting, including a proposal to take away the power of tax officers to arrest taxpayers and require judicial authorisation for any arrest.The Council may…
US dollar, bond yields, US-Iran tensions to also shape prices this week Gold and silver prices are likely to remain volatile this week, with the US dollar, bond yields and the unresolved US-Iran tensions expected to shape the outlook for precious metals.Investors will also track the Reserve Bank of India’s monetary policy decision on Wednesday,…
Several factors have contributed to the decline in gold prices from their record highs seen in January this year. Is gold losing its shine as a safe haven asset? After its record breaking rising spree in 2025 to early 2026 when it hit record highs, gold prices have been on a downward spiral. In the…
OPEC+ is closely monitoring developments in the oil market. OPEC+ has agreed to keep its oil production targets unchanged for November, the group said in a statement after a meeting on Sunday, Reuters reported.The decision comes as the group continues to assess the impact of ongoing conflicts in West Asia and disruptions to oil exports…
RBI rate decision, earnings, crude oil & bond yields could be among the key triggers of stock market trends Indian stock markets are set for another potentially volatile week, with a mix of domestic and global factors likely to determine the direction of equities. The Reserve Bank of India’s interest rate decision, the start of…
The deposits in question were made by the medicine shop owner in three savings accounts. (Image for representative purpose in only) Cash deposits made in bank accounts can invite income tax scrutiny if the assessing officer is unable to detect a clear trail and source. In one such case a pharmaceutical and medicines retailer based…
RBI governor Sanjay Malhotra Reserve Bank governor Sanjay Malhotra on Saturday said that the central bank remains committed to monitoring emerging vulnerabilities and maintaining a strong and resilient financial system, even as the financial sector remains resilient with healthy balance sheets of banks and NBFCs.“Today’s resilience may not necessarily imply tomorrow’s immunity, and we are…
Nayara hikes petrol prices amid pressure from rising oil prices Nayara Energy has raised petrol prices by Rs 5 a litre and diesel prices by Rs 3 at its outlets, as the private fuel retailer moves to narrow the gap between domestic pump prices and higher international crude and refined-product costs.The increase came into effect…
It is a risky but form of secured loan but is highly affected by market performance (Representative image) Need money, but don’t want to sell what you own? That’s where borrowing against an asset can come in handy. You might think of gold, home or personal loan, but one asset you may not immediately think…
The ITAT Bangalore ordered the deletion of the entire addition of Rs 14,96,500 made under Section 69A. (Image for representative purpose only) When it comes to income and taxation, documents and money trail form an important part of the process. This is particularly important when income from any of your sources is in cash. In…
