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…
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…
