Salaried taxpayers may see a modest tax relief now, as the government expands house rent allowance (HRA) benefits while tightening compliance norms under the newly notified Income-tax Rules, 2026. The Central Board of Direct Taxes (CBDT) notified the changes on March 20, with implementation set for the new financial year. A key revision widens the…
The Central Board of Direct Taxes (CBDT) has rolled out new forms for updating PAN details and revised compliance requirements for property transactions, with both changes effective April 1. CBDT introduces new PAN correction forms CBDT has notified two separate forms for changes or corrections in Permanent Account Number (PAN) data: PAN CR-01 for individuals…
With the new financial year starting April 1, the government has introduced a structural overhaul in tax documentation for salaried individuals. Under the Income-tax Rules, 2026 read with the Income-tax Act, 2025, Form 16 will be renumbered and replaced by Form 130 for tax year 2026–27. The move does not change how tax liability is…
Axis Bank now lets customers update mobile numbers via app using Aadhaar face authentication and OTP, with transaction limits reset to default for 24 hours afterward By Anshul April 2, 2026, 11:21:32 AM IST (Published) 1 Min Read Customers of Axis Bank can update their registered mobile numbers through a digital process on the bank’s…
Gold prices declined sharply on Thursday, April 2, extending recent losses, as profit booking and global cues weighed on sentiment. On the domestic front, gold futures on the Multi Commodity Exchange (MCX) fell about 2–2.5% to around ₹1.49 lakh per 10 grams of 24-carat purity. Silver prices also dropped sharply, falling about 5–6% to around…
India’s real-time payments network National Payments Corporation of India reported record activity on the Unified Payments Interface (UPI) in March 2026, with total transactions reaching 22.64 billion, the highest-ever monthly volume to date. In value terms, UPI transactions stood at ₹29.53 lakh crore during the month, according to official data. The figures mark a rise…
A proposal in the Companies (Amendment) Bill, 2026 to relax statutory audit requirements for certain companies could reduce compliance burdens for smaller businesses, though its final impact will depend on how eligibility is defined. The Bill proposes inserting a new Section 139(12) in the Companies Act, 2013, enabling the government to exempt specific classes of…
The Income Tax Department has introduced a new website and an AI-based assistant called Kar Saathi, aimed at simplifying compliance under the Income Tax Act, 2025. The launch coincides with a nationwide awareness campaign, PRARAMBH 2026, intended to guide taxpayers through the updated rules and procedures. The new website consolidates information related to income tax,…
Investors are advised to stay disciplined with long-term strategies despite market volatility and global uncertainty. Portfolio allocation across equity, fixed income and commodities remains important, with staggered investments preferred over lump sum for most participants. Exposure within equities can be diversified across market caps, while sector positioning may include financials and manufacturing. Fixed income strategies…
Air India has revised the structure of its Maharaja Club loyalty programme, with changes to redemption rates, cancellation rules, and tier qualification criteria effective April 1. Under the revised framework, the number of points required for award flights and upgrades has been reduced across a large part of the airline’s network. Economy class redemptions have…
