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NEW DELHI: In a setback to private equity player Tiger Global, the Supreme Court Thursday ruled that its $1.6-billion stake sale in Flipkart to Walmart is subject to taxes in India, setting a precedent for investors that use tax treaties.Setting aside a Delhi high court order, a bench of Justices J B Pardiwala and R…
For self-occupied homes, the deduction for interest is capped at Rs 2 lakh a year – a figure unchanged since 2015. (AI image) Falling home-loan rates, increase in young population seeking to buy homes and a steady revival in residential sales have encouraged many to take the plunge into home ownership. Tax incentives continue to…
Every festive season, India’s cultural affinity for gold expresses itself in strong demand. (AI image) By Navneet MunotIndia is a country of enormous diversity, with languages, customs and beliefs varying widely across regions. Yet one financial habit cuts across income levels and geography. Most households have grown up buying physical gold or silver every year…
Taxpayers opting for the old tax regime can continue to claim deductions on donations made to eligible charitable organisations under Section 80G of the Income Tax Act, 1961. To clarify how such claims will be assessed and verified, the Income Tax Department issued an extensive set of FAQs on December 19, 2025, outlining both substantive…
