The Economic Times

Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wifes credit card to pay for it; ITAT Mumbai gives relief to taxpayer. Challa Nagendra Prasad, Judicial Member and G.M. Doss, Accountant Member of ITAT Mumbai heard this case.

Indian residents and HUFs can use the basic exemption limit to lower capital gains tax. This provision under the Income Tax Act, 2025, remains available for Tax Year 2026-2027. Unused portions of the exemption limit can offset special-rate capital gains after normal income is accounted for. Non-residents, firms, and companies cannot claim this specific tax adjustment.

1st-floor owner refused to let water leakage repairmen inside flat; ground-floor owner files case; wins case in Maharashtra Co-operative Court; court upheld 50:50 cost-sharing arrangement. Know how ground floor owner won the case.

In August 2026, Specialised Investment Funds experienced a notable rise in assets, with hybrid investment strategies leading the way and holding the majority share. Equity-focused approaches also showed marked increases in assets under management. The Hybrid Long-Short Funds retained their position as the predominant strategy within the SIF framework. Additionally, the overall participation from the mutual fund industry remained robust, driven by strong investor interest.

Bangalore: For lack of pool, open gym, spa, open amphitheatre & other amenities by builder as promised, homebuyers win Rs 10 lakh compensation; Karnataka RERA order. Know how the homebuyers won.

We identified 12 stocks that gained on all five days, delivering cumulative returns ranging from 10% to 30% during the period.

According to the innovative Rule 15*15*30, an investment of Rs 15,000 each month for thirty years could lead to significant wealth accumulation via the benefits of compounding returns. With an anticipated annual return rate of fifteen percent, this financial strategy underscores the necessity of a disciplined and steady investment approach, setting a clear and achievable objective for individuals pursuing financial prosperity.

Banks in India observe closures on the second and fourth Saturdays of the month, as well as on Sundays and other regional and national holidays, in accordance with the regulations established by the Reserve Bank of India (RBI).

Select small finance banks offer senior citizens fixed deposit rates up to 8.5 percent. Suryoday Small Finance Bank provides 8.5 percent interest on five-year fixed deposits for seniors. Jana Small Finance Bank offers 8 percent interest on similar fixed deposit terms. Banks deduct TDS on FD interest exceeding one lakh rupees for senior citizens. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero.

The Mumbai consumer commission ruled against the EPFO, citing service deficiency linked to inadequate communication regarding a joint declaration application. Consequently, the commission mandated EPFO to pay six percent interest on the delayed EPF claim, which was filed by the complainant back in October 2016. EPFO has been instructed to fulfill this directive within a strict timeframe of forty-five days.

Five mid-cap mutual funds delivered annualised returns above 20% over three years through September 2, 2026. HSBC Midcap Fund led with 24.1%, followed by Invesco India Mid Cap, ICICI Prudential Midcap, WhiteOak Capital Mid Cap and Edelweiss Mid Cap Fund.

Among the 11 sub-categories, smallcaps received the highest inflows of Rs 7,973 crore in August

Jefferies retains a Buy rating on LG Electronics India with a Rs 1,895 target and sees Rs 2,000 in its bull case. Growth could come from premiumisation, exports, B2B expansion, higher in-house production and Sri City capacity expansion over time.

At ET Alpha Wealth Summit 2.0, experts will explore how Indias family offices are reshaping their investment strategies in 2026. From private credit, venture debt and co-investments to global opportunities, family offices are broadening beyond traditional assets while focusing on diversification, capital preservation, liquidity and long-term, multi-generational wealth creation.

Several Nifty 50 stocks have fallen sharply from their 52-week highs, with Infosys, ITC and Wipro among the biggest decliners, shedding up to 40% from their yearly peaks amid heightened market volatility.

Satbeer Singh Godara, judicial member and Amitabh Shukla, accountant member of ITAT Delhi, in a recent judgement ruled that a father cant be slapped with Rs 12.83 lakh penalty under Section 270A if his ITR-reported income matches the assessed income and the only point of contention is the tax benefit from the India-United Arab Emirates (UAE) DTAA treaty.

Strategic planning of retirement withdrawals from a Rs 2.5 crore fund is essential for financial security. Adopting a conservative withdrawal rate that is lower than the annual returns can help sustain the corpus. By gradually increasing withdrawals based on a fixed percentage, retirees can plan for better financial longevity. Moreover, beginning with lower withdrawals and scaling them up annually contributes positively to corpus preservation.

Motilal Oswal Digital India Funds NAV rose over 5% in five days, helped by its sizeable ESDS Software holding. The stocks sharp post-listing rally has boosted the thematic fund, highlighting how concentrated positions can amplify NAV gains and volatility.

August saw mutual fund SIP inflows soar to an unprecedented Rs 32,297 crore. The stoppage ratio has now dropped for four consecutive months to 81.05%, signaling improving investor engagement. Notably, new SIP registrations outpaced those that were suspended or completed. This growing confidence is reflected in over 10 crore SIP accounts, contributing to a total market asset valuation of Rs 87.08 lakh crore for the Indian MF industry.

Abakkus Mutual Fund highlights the steep cost of missing the markets strongest sessions. The Nifty 50 TRI delivered a 13.55% CAGR between April 2005 and August 2026, but this fell to 0.94% for investors who missed the best 50 days, underscoring the risks of trying to time the market.

Members of the Employees Provident Fund Organisation can access their savings in times of need, such as emergencies and personal circumstances. Illness-related withdrawals have no limits, while education expenses allow for up to ten claims. For marriage and housing, members may withdraw funds up to five times each during their membership.

Removing name from mutation records cant take away ownership rights to land, rules Supreme Court; Heres what landowners should know. Read the article to know.

IndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism for policyholders. Despite claims of an overall system, the regulator found a lack of dedicated channels and inadequate information, highlighting a crucial distinction between banking and insurance customer service.

Gold and silver prices fell on Friday, September 11, 2026, as fluctuations in the global market took their toll. The release of strong US PPI data heightened expectations of a Federal Reserve rate increase, putting further strain on precious metals. Heightened geopolitical issues compounded the situation, leading to price cuts from leading jewellers like Tanishq and Malabar Gold & Diamonds.

When selling old gold jewellery, be aware that it comes with capital gains tax and Goods and Services Tax implications. Long-term capital gains tax is set at twelve point five percent, while short-term gains are taxed according to your income tax slab. The net proceeds from these sales are diminished after considering the purchase cost and holding duration, making it vital to factor in these taxes.

Gold prices and Gold ETFs have delivered strong returns, but experts caution investors against chasing recent performance. While central bank buying, geopolitical risks and diversification benefits support golds medium-term outlook, its lower Sharpe ratio highlights its cyclical nature. Experts recommend treating gold as a portfolio diversification tool and maintaining an appropriate allocation rather than increasing exposure solely because prices have risen.

The Reserve Bank of India has revealed the early redemption price for a particular series of gold bonds. Starting September 11, 2026, investors can redeem SGB 2019-20 Series X at Rs 15,328 per unit, determined by current gold pricing.

If you are ready to take more risk and have an investment horizon of around seven years, you may invest in these schemes. Here are our recommended focused equity mutual fund schemes. Follow our monthly updates to keep track of your investments.

Customers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This strike will extend into the weekend, limiting service availability. Unions are pressing for critical reforms including a five-day work week and a thorough review of the PLI scheme.

Changing jobs? Make sure your National Pension System (NPS) account doesnt get overlooked. Learn how your Permanent Retirement Account Number (PRAN) stays transferable, what happens to your contributions when you switch jobs, and why reassessing your retirement savings plan is essential during this transition, not just adjusting your paycheck.

Equity mutual fund purchases rose nineteen percent in August, reaching twenty-nine thousand three hundred twenty-nine crore. Systematic investment plan collections hit an all-time high of thirty-two thousand two hundred ninety-seven crore. Fixed income categories experienced net outflows of eight thousand seven hundred eleven crore during August. Mid and small-cap funds led equity investments, attracting over fifty percent of net flows.

Bank customers face potential disruptions on September 11, 2026, due to a nationwide strike. United Forum of Bank Unions has called for this action, impacting branch operations. Banks advise customers to use digital channels and ATMs for essential transactions. Essential services will run, but branch work may be affected by the strike.

In light of many fraudulent GST registrations, the Delhi High Court has ruled that no Goods and Services Tax (GST) registration can be obtained without Aadhaar biometric authentication. Read the article to know more.

In 2013, two homebuyers believed they would receive their flats by 2014. However, the project registration expired, leaving construction stalled for years. Following this, MahaRERA mandated the builder to refund the buyers' payments and ordered compensation for both complainants. This important ruling highlights buyers rights in the face of extended project delays.