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,…
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…
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…
What Would $1 Invested in Bitcoin in 2009 Be Worth Today, 17 Years Later? The question resurfaces every time Bitcoin hits another high: what would your money look like now if you’d bought in at the beginning? With the cryptocurrency trading at $78,693.76 per coin as of early February 2026, the arithmetic of Bitcoin’s earliest…
Why the Weak Rupee and Peso Are Turning Into a Remittance Windfall for UAE Expats and Should You Send Money Now? A softening Indian rupee, Pakistani rupee and Philippine peso, trading near multi-year lows against the UAE dirham, is emerging as a remittance opportunity for expatriates in the UAE, prompting many workers to rethink when…
UAE E-Invoicing Revolution: How the Looming Digital System Will Transform Business Operations The United Arab Emirates is gearing up for a major tax and digital transformation in 2026–2027 with the rollout of a national electronic invoicing (e-invoicing) system that will fundamentally change how companies issue, process and report invoices. With pilot testing set to begin…
File photo: Union finance minister Nirmala Sitharaman (Picture credit: ANI) NEW DELHI: Presenting the Budget, finance minister Nirmala Sitharaman has proposed setting up a “High Level Committee on Banking for Viksit Bharat”, to comprehensively review the sector and align it with India’s next phase of growth.“I propose setting up a ‘High Level Committee on Banking…
Finance minister Nirmala Sitharaman NEW DELHI: Union finance minister Nirmala Sitharaman on Sunday delivered a 1 hour 25 minute presentation of the Union Budget 2026-27, marking her record ninth consecutive budget. She made several major announcements covering income tax, defence, railways, MSMEs, healthcare, and more.The budget was hailed as “historic” by Prime Minister Narendra Modi,…