The Central Board of Direct Taxes (CBDT) has notified amendments to the Income-tax Rules, 2026, revising provisions under Rule 128. The changes will come into effect from April 1, 2026. The notification, issued by the Ministry of Finance, introduces modifications to sub-rule (1)(d) and sub-rule (2) of Rule 128. Under the revised sub-rule (1)(d), income…
An initial investment of ₹10,000 in the Bandhan Value Fund at its inception 18 years ago would have grown to approximately ₹1.48 lakh as of February 28, 2026, reflecting a compound annual growth rate (CAGR) of 16.76%. The fund, managed by Daylynn Pinto, has maintained a value-oriented, flexicap approach, investing across large, mid, and small-cap…
PNB MetLife India Insurance Company Limited (PNB MetLife) has launched the Pension Dividend Leaders Index Fund along with a unit-linked pension product. The fund replicates an index of companies with a record of regular dividend payments and is intended for long-term retirement savings. It will be offered through the PNB MetLife Smart Invest Pension Plan…
IT department notifies AY 2026 27 ITR forms, allows up to two house properties in ITR 1 and 4, adds new deduction details, removes Relief 89A, warns on AIS match and e verification By Anshul April 1, 2026, 4:03:40 PM IST (Published) 2 Min Read The Income Tax Department has notified the Income Tax Return…
Several bank users of the Unified Payments Interface (UPI) faced difficulties completing transactions on Wednesday, March 31. Many reported failed or delayed payments on social media platform X. Outage tracking platform Downdetector indicated a sharp rise in complaints during the day. Among the affected institutions, State Bank of India saw a notable surge, with over…
War jitters are not a reason to exit equities and investors should instead step up systematic investment plans (SIPs), mutual fund leaders said, even as the ongoing West Asia conflict fuels volatility and dents near-term returns. DP Singh, Deputy MD & Joint CEO of SBI MF, said one-year returns may look weak, but longer-term…
India says anti tax avoidance rules will not hit investments made before April 1 2017 easing concerns for private equity after the Tiger Global Flipkart tax ruling By Bloomberg April 1, 2026, 6:51:04 PM IST (Published) 2 Min Read Buyout firms sitting on billions of dollars of legacy assets in India got some relief this…
In a move aimed at restoring investor confidence and removing lingering tax uncertainty, the Central Board of Direct Taxes (CBDT) has amended key rules governing the applicability of General Anti-Avoidance Rules (GAAR), explicitly shielding investments made before April 1, 2017, from GAAR—even if gains arise in subsequent years. The notification, issued on March 31, 2026,…
Gold and silver prices fell sharply on Thursday (April 2), with COMEX gold dropping 2.21% to $4,677 per ounce and silver declining 4.22% to $72.87 per ounce, reflecting a combination of firm dollar demand and ongoing geopolitical uncertainty. Investors reacted to US President Donald Trump’s prime-time remarks on the Iran conflict, in which he indicated…
The reduction in Tax Collected at Source (TCS) on certain overseas payments under the Liberalised Remittance Scheme (LRS) has come into effect from April 1, lowering upfront cash outflows for individuals making foreign remittances. Under the revised rules, TCS on overseas tour packages has been brought down to a flat 2%, replacing the earlier slab-based…
