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The Indian Rupee gained for the fourth consecutive session, reaching 95.77 against the US dollar. This rise is attributed to a weaker dollar and lower crude oil prices, alongside positive domestic equity sentiment and foreign investment. Market watchers are closely monitoring the dollar index and oil price trends.
⚖️ AI Verdict
"Looks like the Rupee is on a winning streak, thanks to some friendly market conditions!"
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Stay informed about the 2026 income tax filing deadline. With over 4.3 crore ITRs filed, learn who must submit returns by July 31 and how to e-file efficiently. This article covers essential filing processes, deadlines, and the current status of the e-filing portal.
Taxpayers can now correct wrongly reported foreign salary in ITR, according to a Delhi ITAT ruling. This decision clarifies that if overseas income is exempt under the DTAA, claiming a foreign tax credit is not allowed. Taxpayers should ensure accurate reporting to avoid complications.
Gifts over ₹50,000 from non-relatives are taxable, but residents can find relief options to minimize or eliminate this tax burden. Understanding these rules can help you navigate tax liabilities effectively. Explore how to leverage these exemptions and ensure compliance while maximizing your financial benefits.
Sebi's latest move lowers the PMS investment threshold to ₹25 lakh, making mutual fund portfolios accessible to more investors. This change aims to enhance the investment landscape, allowing a broader audience to benefit from customized mutual fund strategies. With this adjustment, Sebi is set to reshape the investment industry, promoting financial inclusivity and innovation.