Business

Buying property from an NRI? Worried about obtaining TAN? Not anymore. To relax the compliance burden, the Budget has proposed that resident individuals and HUFs need not have a Tax Deduction and Collection Account Number (TAN) if they are purchasing a property from a non-resident Indian (NRI). The amendment will take effect from Oct 1,…

Stock market crash after Budget 2026 speech Stock market crash after Budget 2026 speech: Finance Minister Nirmala Sitharaman‘s Union Budget speech has spooked stock markets, with both Nifty50 and BSE Sensex, crashing over 2% in the special trading session being held. Nifty50 ended the special trading session at 24,825.45, down 593 points or 2.33%. BSE…

The government has raised the duty-free allowance for passengers bringing imported goods into India to Rs 75,000 from the earlier Rs 50,000 under the newly notified Baggage Rules, 2026, PTI reported.Under the new rules notified on Sunday, a resident or a tourist of Indian origin arriving in India other than by land will be allowed…

Department of Economic Affairs (DEA) Secretary Anuradha Thakur (Photo-ANI) The Centre and the Reserve Bank of India (RBI) are closely tracking movements in the rupee and fluctuations in gold and silver prices, while remaining ready to deploy policy tools to maintain macroeconomic stability, Department of Economic Affairs (DEA) Secretary Anuradha Thakur said, ANI reported.“As far…

The Union Budget 2026-27 has announced a series of measures aimed at strengthening India’s export ecosystem by focusing on manufacturing expansion and trade facilitation, commerce secretary Rajesh Agrawal said on Sunday, PTI reported.He said the Budget includes targeted support for both labour-intensive industries and high-technology sectors, while policy steps on logistics and trade facilitation are…

Finance Commission submits report to President Murmu (Photo credit- PTI ) The 16th Finance Commission has recommended retaining states’ share in the divisible pool of central taxes at 41 per cent, while pitching for outcome-based spending, greater transparency in tax devolution data and stronger fiscal discipline at the state level. The panel said there is…

File photo: Union finance minister Nirmala Sitharaman Union finance minister Nirmala Sitharaman on Sunday laid out the government’s vision for non-banking financial companies (NBFCs) under the Viksit Bharat framework, outlining clear targets for credit expansion and technology adoption as part of the Union Budget exercise.Speaking in the Lok Sabha during her Budget speech, Sitharaman said…

Gold, silver prices crash (AI image) Gold, silver prices continue to decline! Gold and silver prices have been crashing in the last two trading sessions, plunging drastically from record highs, raising questions about whether the bull run is over and if the volatility is here to stay.Silver prices have dropped by 26,273 per kg, or…

The Union Budget 2026 has proposed simplifying tax compliance for property transactions involving non-resident sellers by allowing resident buyers to deduct and deposit TDS using their PAN-based challan instead of obtaining a Tax Deduction and Collection Account Number (TAN).At present, resident individuals or Hindu Undivided Families (HUFs) purchasing immovable property from a non-resident seller are…

Shares of brokerage-linked and exchange-related companies fell sharply by up to nearly 12 per cent after Finance Minister Nirmala Sitharaman proposed an increase in the Securities Transaction Tax (STT) on derivatives in the Union Budget 2026-27, according to PTI.In her Budget speech, Sitharaman announced that STT on futures contracts would be increased to 0.05 per…