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The Supreme Court declined to issue an interim stay on the government's move to impose MDR on UPI transactions over 2,000. Details here. 

Hotmail co-founder Sabeer Bhatia calls for an inheritance tax in India, asserting that true opportunity should arise from individual accomplishments instead of family wealth. Details here.

Tax audit deadline is September 30 for applicable taxpayers. Before filing, taxpayers should reconcile their books with GST returns, AIS, TIS and Form 26AS. Mismatches can arise from timing differences, duplicate or incorrect reporting, while unresolved TDS discrepancies can affect tax credits.

Tamil Nadu's CM S. Joseph Vijay will launch the gold ring scheme for newborns at Government Rajaji Hospital in Madurai on September 28. Full details here.

Seven aggressive hybrid funds delivered 12% or more in five-year SIP returns, led by Bank of India Aggressive Hybrid Fund at 16.50%. However, performance varied widely among the categorys largest schemes, with HDFC Aggressive Hybrid Fund returning 5.99% and ICICI Prudential delivering 12.26%.

Gold and silver prices in India witnessed a sharp drop during early trading hours on Monday. Check retail rates of the precious metals in top metro cities of the country.

The Chennai ITAT deleted an 85.30 lakh tax addition on cash gifts after the taxpayer produced gift deeds, ITRs and financial statements, while all five donors confirmed the gifts. The tribunal said the initial burden under Section 68 was discharged.

Mobile retailers  have called for a 'No UPI Day' protest on October 2, during which customers may not be able to use UPI for making payments at mobile shops. Here's why the protest is happening and what are their demands.

An 89-year-old retired principal said 20.33 lakh deposited in his bank accounts represented hostel fees collected for an education society, with only 2,251 left as surplus. The ITAT has sent the case back to the tax officer to verify the records and determine who actually owned the money.

The September 30 deadline for taxpayers to submit tax audit reports is approaching, with no extensions granted yet. Here's the penalty for late filing. 

The nationwide bank strike scheduled for September 28-30 has been deferred after IBA and UFBU reached an agreement. The decision offers temporary relief to customers of banks such as SBI & HDFC Bank, while discussions will now focus on a five-day banking week and unresolved issues.

The proposed three-day bank strike from September 28 to 30 has been deferred after the IBA and UFBU reached an understanding. SBI and other public sector bank branches are expected to operate normally on Monday, while private banks such as HDFC Bank will remain open.

Manufacturing mutual funds have outperformed their benchmark over the past year, with the top schemes delivering strong returns. But higher returns do not tell the full story. How much volatility did investors take on and did the additional returns come with higher risk?

SEBI has approved changes to its vault manager rules, bringing physical bullion underlying gold and silver ETFs under a common framework. The move strengthens requirements around how this bullion is stored, secured, segregated and accounted for.

A nationwide bank strike from September 28 to September 30 could disrupt cheque clearing and cash transactions as unions demand a five-day workweek. However, many banking services are expected to remain operational, allowing customers to manage funds and pay bills without visiting branches.

Has your CA submitted your tax audit report? The process does not end there. Taxpayers need to check the report on the income-tax e-filing portal and complete certain steps after submission. Here's what you need to know about accepting and verifying the report.

Taxpayers with nil estimated tax liability can avoid TDS on certain incomes by submitting a declaration to the payer. Heres who can submit Form 121, which incomes are covered, what details are required and what the payer must do after receiving it.

Tamil Nadu Chief Minister S. Joseph Vijay will launch the 'Thaai Maaman Thanga Mothiram Thittam' scheme for newborns in Madurai on September 28, providing 1-gram gold rings to eligible babies delivered in government hospitals, promoting institutional deliveries and maternal health.

Selling a house, land, shares, mutual funds or other capital assets can trigger capital gains tax. The Income-tax Act provides nine exemptions under Sections 54 to 54GB if the gains or sale proceeds are reinvested in specified assets within prescribed timelines.

A mutual funds reported returns may not always match what investors actually earn. The timing of investments and withdrawals can create a significant gap, even when the fund delivers strong long-term performance.

Irdai has proposed commission caps, tighter expense limits and stronger safeguards against mis-selling. But whether the reforms make insurance cheaper and easier to buy and claim will depend on implementation.

The Supreme Court will review a petition against the Centre's MDR on UPI transactions over 2,000, which will come into effect on October 15. Full details here.

A 10 lakh Post Office Time Deposit earns 7.1% for three years and 7.5% for five years in July-September 2026. Here is how the interest compares and what investors should consider before choosing a tenure.

A 10-15 lakh car budget can buy a new lower-end model or a pre-owned higher-end car. Compare depreciation, loan rates, EMI, maintenance, warranty, insurance and resale value before deciding which offers lower ownership costs.

Planning an international trip requires careful budgeting beyond flights and hotels. Indian travelers should avoid common money mistakes that may ruin their experience. Details here. 

Money gifted to a spouse may not be taxable as a gift, but income earned from it can be clubbed with the donors income. Know how spouse clubbing provisions work, including when reinvested income is taxed separately.

A Bengaluru ITAT ruling says foreign salary credited to an Indian NRE account cannot alone make it taxable in India. The taxpayers overseas employment, passport and bank records were considered, while the case was sent back for fresh assessment.

Extended unemployment can pressure savings, prompting some to withdraw from their EPF. Members can only withdraw the full corpus after 12 months of unemployment. Here's what happens if you take out the entire amount but later get a new job.

IRDAIs proposed distribution reforms could reduce insurers operating and distribution costs, potentially putting downward pressure on premiums, but they do not guarantee cheaper insurance. 

Planning an international holiday? A 3 lakh budget can cover flights, accommodation, food, visas, insurance, local transport and emergencies for a one-week trip, depending on the destination. Here is how travellers can divide costs and calculate monthly savings.

Public-sector and regional rural banks across the country will open on Sunday, September 27, ahead of a three-day nationwide strike by bank unions. Details here. 

Health insurers are using wellness programmes to reward activities such as exercise and healthy habits, but some programmes require policyholders to share data from wearables and health apps. Experts explain what data may be collected, how it can be used and what consumers should check.

Investors facing falling stock prices can consider averaging down to reduce costs or averaging up to increase exposure. While such strategies can enhance returns during recoveries, they carry significant risks too. Details here.

The 8th Pay Commission is consulting employee organisations and other stakeholders currently, as the consultative phase continues. NC-JCM has sought a minimum pay of 69,000 and a 3.833 fitment factor, while BPMS wants 72,000 and a 4.0 fitment factor. 

RBIs new bulk deposit rules take effect from 1 October 2026, changing how banks disclose and apply interest rates. Large depositors should know the daily rate disclosure requirement, branch-level rate consistency and exceptions linked to liquidity regulations before booking a bulk FD.

Starting October 1, resident individuals and HUFs purchasing properties from non-resident sellers can simplify TDS compliance by using their existing PAN instead of a TAN. Details here.

Taxpayers facing the September 30 tax-audit deadline should reconcile their books with GST returns, AIS, TIS and Form 26AS, verify TDS/TCS credits and avoid claiming personal expenses as business deductions. Experts recommend completing these checks well before the deadline.

The Kolkata ITAT has upheld the deletion of a 1.56 crore tax addition on 3,233 grams of jewellery found in family bank lockers during an Income Tax search. The taxpayer said the jewellery belonged to his deceased grandparents, father and family HUF. 

You spent a lifetime preparing for bull and bear markets; the final risk to manage is an empty afternoon.

Retiring with a home loan can put pressure on monthly cash flows. Experts explain when using retirement savings for home loan prepayment makes sense, why retirees should preserve an emergency corpus, & how interest rates, tenure, outstanding principal, & future expenses should guide the decision.

The Centre has approved a one-time, interest-free loan of 50,000 per barn for Flue-Cured Virginia tobacco growers in Andhra Pradesh. The proposal covers about 44,000 tobacco growers, with financial intervention reaching near 220 crore, the ministry statement said.

Delhi Transport Minister Pankaj Kumar Singh reviewed concerns and demands about salaries, minimum wage, incentives, and insurance raised by contractual drivers working under the DTC's Cluster Bus Scheme. Here's a look: 

Maharashtra has activated Trigger-1 under its Drought Management Code 2016 to initiate relief measures in drought-affected areas. We take a look at the financial relief measures announced by the state government. 

Documentary evidence trumps procedural lapses as tribunal validates cash sales at APMC yard

NSE CEO Ashish Chauhan stated there have been no talks with the government regarding the new Merchant Discount Rate for UPI payments, which he claims is a matter for brokers and clients to resolve. The new MDR framework takes effect on October 15, impacting capital-market transactions.

The Odisha government is set to clear pension dues of 20.33 lakh beneficiaries covered under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) by October, state minister Nityananda Gond said. 

With passive investing, funds track market indices, reducing the need for individual stock selection. Read more to find out.

The 8th central pay commission (CPC) has announced official meetings and state visits as part of its consultation stage. Since March, the commission has conducted multiple state visits to meet employee representative groups, unions and stakeholders.

The organisation clarified it seeks no advance payments but wants the pending process completed to settle arrears and revised salary payments. It urged expediting the July 2026 Dearness Allowance (DA) declaration, with estimates indicating a rate increasefrom 60% to 64% based on CPI data.

DA news update: Punjab government has notified an 8% dearness allowance hike for state government and pensioners, effective from 1 September, as per an official statement from the chief minister's office.