Taxpayers, employers, deductors, investment funds and market intermediaries face a series of compliance deadlines in June 2026 under the Income-tax Act, 2025, covering tax deducted at source (TDS), tax collected at source (TCS) and various reporting requirements. The first major deadline falls on June 7, when taxpayers are required to deposit tax deducted or collected…
Bengaluru-based Right Horizons Portfolio Management Pvt Ltd has launched the RH Rising India Opportunities AIF, a closed-ended Category III Alternative Investment Fund (AIF), with a target corpus of ₹100 crore and a greenshoe option of an additional ₹100 crore. The fund is open to resident Indians, non-resident Indians (NRIs), high-net-worth individuals (HNIs), corporates and institutional…
Franklin India Dividend Yield Fund, managed by Franklin Templeton Mutual Fund, said a lump-sum investment of ₹1 lakh made at the scheme’s inception would have grown to about ₹13.6 lakh by April 30, 2026, while a monthly systematic investment plan (SIP) of ₹10,000 since launch would have accumulated to more than ₹1.2 crore. The fund…
The Reserve Bank of India (RBI) on Wednesday (June 3) said reports suggesting that it had sold gold were incorrect, clarifying that its physical gold holdings remain unchanged at 880.52 metric tonnes. The clarification comes after a recent Bloomberg report, citing Bloomberg Economics estimates, suggested that the RBI may have sold nearly $12 billion worth…
Gold and silver prices traded lower on the Multi Commodity Exchange (MCX) on Wednesday, June 3, as investors assessed ongoing geopolitical tensions in West Asia alongside expectations that the US Federal Reserve may keep interest rates elevated for longer. MCX Gold August futures were trading around ₹1.59 lakh per 10 grams, while silver futures hovered…
Gold has reclaimed a position many thought it had long lost. According to the European Central Bank’s latest report on the international role of the euro, gold accounted for 27% of global official reserve assets at the end of 2025, surpassing US Treasuries at 22% and the euro at 15%. The milestone marks a dramatic…
As the income tax return (ITR) filing season begins, many self-employed professionals may be eligible to use the presumptive taxation scheme under Section 44ADA of the Income Tax Act, a provision designed to simplify tax compliance for certain categories of professionals. The scheme allows eligible taxpayers to declare 50% of their gross receipts as taxable…
Gold and silver prices traded lower on Wednesday (June 3) as renewed tensions in the West Asia pushed crude oil prices higher, raising concerns that inflation could remain elevated and keep interest rates higher for longer. COMEX gold fell 0.38% to $4,502.90 per ounce, while COMEX silver declined 0.74% to $75.00 per ounce in early…
India has tightened restrictions on silver imports by bringing grain, powder and other high-purity forms of the metal under a stricter regulatory framework and mandating prior valid import authorisation, in a move aimed at curbing surging shipments and easing pressure on the rupee. Under the revised rules, imports of silver in grain, powder, unwrought and…
Indian travellers are becoming more confident about overseas trips, but managing money abroad remains their biggest source of anxiety, according to a new study by Wise, a global financial technology company. The Passport & Paisa: India Travel Money Report 2026 found that nearly 78% of Indians plan to increase international travel spending following the recent…
