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ITAT deletes 25 lakh tax addition over alleged flat cash payment; says taxpayer must get a chance to challenge evidence

The Mumbai ITAT deleted a 25 lakh tax addition imposed on a flat buyer over an alleged cash payment, saying the taxpayer was not given the statements relied upon by the tax department or an opportunity to cross-examine the builders partners.

20 Aug 2026 9:04 am
Delhi Lakshmi Yojana: Eligible women to receive pension letters from Aug 26 heres when 2,500 aid will be credited

Starting August 26, eligible women in Delhi will receive pension letters under the Delhi Lakshmi Yojana, which offers 2,500 monthly assistance. Here's when the aid will be credited.

20 Aug 2026 8:56 am
Taxpayer builds new house before selling old property, faces Section 54 dispute; ITAT Delhi quashes tax notice

A Delhi taxpayer faced denial of Section 54 exemption after constructing a new house before selling his old property for 53 lakh. ITAT Delhi quashed the reassessment after ruling that the Income Tax Departments Section 148 notice was issued after the permissible limitation period.

20 Aug 2026 8:18 am
ITR filing 2026: What happens if you miss the August 31 deadline and who gets more time?

The income tax return filing deadline for ITR-3, ITR-4, ITR-5 and ITR-7 is 31 August. Missing this deadline incurs penalties, but options such as belated returns are available until 31 December 2026. Here's who gets more time to file.

20 Aug 2026 7:43 am
Indias festival shopping test: Will consumers spend more on pricier TVs, phones and appliances?

Consumer durables makers and retailers expect a strong Diwali season, but higher prices are testing demand even as premiumization, financing and discounts vie to keep shoppers spending.

20 Aug 2026 6:00 am
Reits eye strong expansion on high demand for office space

India now has six real estate investment trustsfive in office and one in retailbacked by global asset managers such as Blackstone and Brookfield, and leading office developers.

20 Aug 2026 6:00 am
Legacy fashion brands stitch new labels for Gen Z

Indias legacy apparel companies are stepping up efforts to win over Gen Z, a consumer shaped by fast-changing trends, social media and affordability. The challenge is to bring in the agility with new plays and also keeping the established customer base intact.

20 Aug 2026 6:00 am
Indian Railways is eyeing logistics. Can its parcel app get it there?

Railways is moving beyond station-to-station parcels with door-to-door delivery, private logistics partners and potentially scheduled parcel trains to target e-commerce, MSME and other cargo now moving by road.

20 Aug 2026 6:00 am
Satcom services from Jio, Starlink, OneWeb stuck over security concerns

Concerned about national security, the government is holding up security approvals and spectrum allocation.

20 Aug 2026 5:45 am
Flexi-cap funds with highest and lowest large-cap stock allocation: What the data shows

Flexi-cap funds can vary sharply in their large-cap exposure despite having the flexibility to invest across market segments. Some of the biggest funds have a strong large-cap tilt, while others take a more diversified approachcreating an important distinction for investors to examine.

19 Aug 2026 11:11 pm
Building a new house before selling the old one: Does Section 54 tax exemption apply? Rules explained

Starting construction before selling your old house does not automatically rule out the Section 54 exemption. Find out when the exemption can apply, the three-year completion rule, CGAS requirements, key risks and documents taxpayers should maintain.

19 Aug 2026 10:54 pm
SBI slashes bulk fixed deposit rates: Will the latest changes affect your personal savings? Check here

SBI has reduced rates on domestic bulk term deposits by up to 25 basis points for select maturities.

19 Aug 2026 10:39 pm
Switching from regular to direct mutual funds: Know the hidden tax cost and when the move actually pays off

Regular and direct mutual fund plans can deliver different outcomes due to expense ratios, taxes and distributor costs. The decision to switch depends on factors such as the breakeven period and capital gains tax.

19 Aug 2026 9:54 pm
Madhya Pradesh Ladli Behna Scheme: CM Mohan Yadav disbursed 1500 monthly installment; did you receive?how to check

Madhya Pradesh CM Mohan Yadav transferred 1,750 to over 1.25 crore beneficiaries under the Ladli Behna scheme, including a 250 Raksha Bandhan gift, to promote women's financial independence. He emphasised the importance of womens roles in family and society at a state-level event in Maihar.

19 Aug 2026 9:16 pm
SBI cash withdrawal charges: Bank changes BSBD free transaction rule; check what changed, 15 fee and when it kicks in

State Bank of India has updated service charges for Basic Savings Bank Deposit accounts, effective October 1, 2026. 

19 Aug 2026 8:35 pm
JioBlackRock regular plans explained: Higher costs, professional guidance | what investors get

JioBlackRock Asset Management will launch regular mutual fund plans through distributors, adding a route for investors who prefer support. 

19 Aug 2026 7:50 pm
Technology funds bounced back in July: What investors should know before boosting their IT exposure

Technology mutual funds rebounded sharply in July, but the rally may not necessarily signal a sustained recovery. With IT allocation rising in mutual fund portfolios, investors should assess valuations, existing exposure and fund strategy before increasing their allocation.

19 Aug 2026 7:45 pm
India to probe manufacturing defects in China's Oppo Reno 5 smartphones following consumer complaints, may order refunds

The department of consumer affairs has been examining complaints registered through the National Consumer Helpline alleging defects in the smartphones including lines appearing on the screen.

19 Aug 2026 7:19 pm
Investor vs trader: How stock market income is taxed, which ITR form to file and key conditions explained

Stock market investors and traders are taxed differently based on the nature of their activities. Both may also have to file different ITR forms. Here are the key rules, classification factors and common filing mistakes to know.

19 Aug 2026 6:44 pm
1 crore salary trap: Why high income does not equal financial freedom; CA identifies dangers of expensive lifestyle

CA Anil Sagayanathan highlights the fragility of high salaries and lifestyle inflation on LinkedIn. Even with 1 crore income, financial stress prevails due to rising expenses and peer pressure. 

19 Aug 2026 5:41 pm
Form 146 for foreign remittances: Who needs a CA certificate and how taxpayers can file it step-by-step guide

Form 146 is a CA-certified document for certain taxable foreign remittances. It helps determine the taxability and TDS applicable to overseas payments above the prescribed threshold. Heres when it is required, who files it and how taxpayers can use it.

19 Aug 2026 5:00 pm
Income tax return for social media creators: Last date, ITR forms, GST obligations and more

With the income tax return filing deadline approaching, creators who earn regularly through social media should ensure that their income and expenses are properly recorded.

19 Aug 2026 4:46 pm
Career pivots are costly. How should parents plan for them?

While children tend to change interests and, in turn, career paths, the financial challenge of planning ahead remains: how do parents engineer an education fund that is flexible enough to accommodate possible changes in plans?

19 Aug 2026 3:52 pm
SEBI eases entry process for mutual fund AMCs but retains strict checks: What investors should know

SEBI has simplified mutual fund registration by moving to a single application while retaining detailed checks on sponsors. Heres what the new framework means for investors evaluating a newly launched AMC and its funds.

19 Aug 2026 3:33 pm
Earning 2 lakh a month, but still feel broke? Run this 20-minute money audit, suggests investment adviser

High earners often feel financially stretched. Investment adviser Abhijit Kumar suggests a five-step financial audit to track spending and savings. 

19 Aug 2026 3:22 pm
Looking for stock tips? Heres a good one: dont ask an economist.

An IIM professor explains why trying to pick individual winning stocks is a losing game, and why discipline and diversification are the real keys to long-term wealth.

19 Aug 2026 3:10 pm
Lost money after following a finfluencers stock tip? Heres when you can seek legal recourse

The emergence of finfluencers has democratised stock market advice but poses risks, with many unregistered content creators giving potentially misleading information. Here's when you can seek legal recourse.

19 Aug 2026 3:01 pm
Mint Explainer | Why India's 18,100 crore advanced chemistry battery-making incentive plan is delayed by two years

The PLI ACC scheme is among 14 such programmes started by the Union government to build indigenous manufacturing capacity in key sectors. It has a 18,100 crore outlay to be disbursed as incentives.

19 Aug 2026 2:14 pm
X user claims HDFC Bank charged over 1,200 for a 46-paise credit-card shortfall; know what RBI rules say

A 46-paise shortfall on a credit-card bill has raised questions over how banks calculate interest and late-payment charges. Heres what RBI rules say about unpaid balances, interest-free periods and late fees.

19 Aug 2026 2:07 pm
Business cycle funds: the next big category or another investment promise?

In business cycle funds, the real work for investors isn't picking the category but picking the manager they trust to deliver on that category.

19 Aug 2026 1:33 pm
Explained: India's $8.7 billion medical tourism industry, and where it's headed by 2030

India's medical tourism sector drew over five lakh foreign patients in 2025 alone, and the government projects the market will nearly double to $16.2 billion by 2030. From new AYUSH visas to planned Regional Medical Hubs, here's an explainer on how the sector is being built up.

19 Aug 2026 1:20 pm
Smart TV goes beyond the metros, unlocks a new mass audience

Connected TVs are gaining popularity beyond the metros, with one in three users located outside urban areas. The growing viewership in smaller towns emphasizes opportunities for regional content and brands, transforming CTV into a mass-reach.

19 Aug 2026 12:00 pm
Cognizant, Wipro, LTM drag fresher onboarding on biz caution

Experts attribute the rise of AI tools for the cautious hiring, as the technology's wide adoption is hurting the business of tech services providers.

19 Aug 2026 9:34 am
Property dealer deposits 54 lakh cash, faces tax demand: Why Delhi ITAT ruled the money was not his taxable income

A Delhi ITAT ruling has come to the aid of a property dealer after it deleted a 54 lakh tax addition, finding that the cash deposited in his bank account belonged to property buyers. 

19 Aug 2026 8:29 am
Sold agricultural land in your hometown? Check if you must pay capital gains tax on the sale

Selling agricultural land impacts tax obligations, depending on location. Rural land is exempt from capital gains tax, while urban land incurs tax. All FAQs answered here.

19 Aug 2026 7:56 am
When it comes to investing, risk is loud. Opportunity is quiet.

Why humans overestimate downside and underestimate potential upside.

19 Aug 2026 6:36 am
Foreign carmakers take the old route, look to revive sedan segment

Foreign carmakers are taking a contrasting approach to homegrown carmakers, which have been pushing SUVs.

19 Aug 2026 6:00 am
Indias campus talent is crowding into a few coveted careers

India Inc. faces a talent allocation problem as students flock to glamorous roles like equity research, investment banking and consulting, while risk, sales, compliance and operations remain understaffed. 

19 Aug 2026 5:50 am
Buying a home in Noida? UP RERA notifies new IFMS rules Here's all you need to know

Here's all you need to know about Uttar Pradesh RERA's framework for collection, management, investment, transfer and utilisation of Interest Free Maintenance Security (IFMS) funds collected from homebuyers. 

18 Aug 2026 11:19 pm
13-year shift in mutual fund AUM mix: Why retail and HNI share rose while corporate ownership declined

Mutual fund ownership in India has shifted sharply over the past 13 years. The corporate share of AUM fell from 50.1% in 2013 to 36.7% in 2026, while retail and HNI investors combined share rose from 43.5% to 62.3%.  

18 Aug 2026 11:09 pm
HSBC India offers zero forex markup on all credit cards What this feature means for your travels abroad, explained

HSBC India is offering customers zero forex markup on all of its credit cards. We take a look at what this charge is, how it is calculated and explain what this could mean for the cost of your travels abroad.

18 Aug 2026 10:56 pm
Flexi-cap funds received 3x more inflows than multi-caps in FY26 despite similar returns: What should investors do?

Flexi-cap and multi-cap funds both invest across large-, mid- and small-caps, but their mandates differ. Despite similar returns, FY26 saw a sharp divergence in inflows. What is driving investor preference, and should investors rethink their multi-cap holdings?

18 Aug 2026 10:44 pm
Sammaan Capital says it's a victim, not accused, as SC asks CBI to probe loans

Shares of Sammaan Capital, formerly Indiabulls Housing Finance promoted by Gehlaut, fell more than 5% to a near three-month low of 145 on the NSE following the Supreme Courts order, before paring losses to close 2.2% lower at 150.23.

18 Aug 2026 10:40 pm
Trump used direct indexing to save on taxes. What is the strategy, how does it work and should you follow it too?

In 2025, Trump's direct indexing strategy garnered attention for its trading efficiency and tax savings. 

18 Aug 2026 10:36 pm
Disney sues FCC over ABC license review, accuses Trump Admin of retaliation over network content

Disney argues that the FCC is targeting ABC because of programming and editorial decisions that President Donald Trump and his administration dislike.

18 Aug 2026 10:13 pm
Healthcare beats Nifty 50: Should investors shift from broader-market index funds to growth sectors?

Healthcare has outperformed the Nifty 50 across several periods, with the BSE Healthcare TRI delivering a 22.7% CAGR over seven years. But does this mean investors should look beyond their broad-market index funds and opt for sectoral funds?

18 Aug 2026 10:05 pm
Insurance industry grew 9% in FY26, health and motor fastest growing segments, finds BCG report

India's general insurance industry grew 9% in FY26 to 336,000 crore, with health and motor being the fastest growing segments due to pick up from GST rate rationalisation, according to a BCG report.

18 Aug 2026 10:02 pm
FM Sitharaman asks public sector banks to shake off government bank image, target youth

The finance minister urged state-owned lenders to engage citizens aged 16 and above through a nationwide campaign starting 2 October, while calling for expanded credit to farmers and priority sectors.

18 Aug 2026 9:25 pm
EPFO's insurance scheme explained: Here's how members can file EDLI claims, avail up to 7 lakh benefit at no extra cost

The EPFO's Employees Deposit Linked Insurance Scheme (EDLI) offers insurance for members and ensures that their families receive financial payout in case of death. Here's how to claim up to 7 lakh benefit at no additional cost 

18 Aug 2026 9:13 pm
Delhi Lakshmi Yojana: 2,500 aid cannot be spent on tobacco, gambling and...; here's whats banned?

The Delhi Lakshmi Yojana provides 2,500 monthly to eligible women from low-income families, effective August 1. Beneficiaries face strict eligibility checks and spending restrictions.

18 Aug 2026 8:46 pm