Opted for new income tax regime? Don’t stop putting money in these investments – here’s why

Many legacy instruments serve essential portfolio or risk-management roles, and discontinuing them may impair financial resilience or return optimization. (AI image) New income tax regime savings: The adoption of the new income tax regime has eliminated most deduction-linked incentives. However, evaluating investments purely on tax efficiency can be misleading. Many legacy instruments serve essential portfolio […]

Tax dept builds case on Jane Street: Authorities seek to determine actual ‘decision-makers’; summon Jane’s Indian arm auditor EY

Tax authorities have called upon EY, the auditor of Jane Street’s Indian subsidiary, as they build a case against the US investor. The department has also obtained sworn statements from two staff members and a director of Jane’s local entity, as reported by Economic Times.Following a six-day investigation that yielded limited information from offshore servers, […]

Economy

Commerce, industry min mulls further FDI regime easing, more tax benefits for startups: Official

The commerce and industry ministry is working on a 100-day reform agenda, which may include proposals such as further liberalising the FDI regime, easing investments from neighbouring countries, and more tax benefits for startups, an official said. The proposals may also include easing certain environmental norms for the leather and footwear industry, expediting setting up […]

India’s Tax Authority Considers New Crypto Regulation Amid Industry Challenges, ETLegalWorld

Illustrative Mumbai: India’s apex tax body has asked the cryptocurrency players whether the country needs a new law on virtual digital assets (VDA), which agency should administer such a statute, and whether the present tax regime has driven out traders and businesses to foreign shores. Crypto platforms have been also asked by the Central Board […]

INDIA BONDS-India bonds poised for weak open as tax overhaul stirs fiscal concerns, ETCFO

India’s long-duration bond rally is losing steam as demand from key investors like banks and insurers wanes, coupled with growing fiscal concerns By Khushi Malhotra MUMBAI, – Indian government bonds are poised for a weak open on Monday, tracking softer U.S. Treasuries, and as Prime Minister Narendra Modi’s large tax overhaul has fanned worries of […]