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1791828819 tax notice

He gave up his land for road widening and got TDRs which he sold for Rs 6.02 crore to a builder; landowner gets tax notice, ITAT rules proceeds taxable as capital gains but allows land cost deduction

TazaPulseOctober 12, 2026
The tribunal delivered its ruling on August 14, 2026. (Image for representative purpose only) You get Transferable Development Rights from the government by giving up a part of your land and sell them to a builder. Are you liable to pay capital gains tax?In one such case a landowner received Transferable Development Rights (TDRs) but...
ltcg

Abolish long-term capital gains tax for equity: SBI Research recommends, says ‘government must anchor hot money flows’

TazaPulseOctober 12, 2026
Foreign investors have sold Indian equities worth Rs 44,166 crore so far in October. With foreign investors pulling money out of Indian equities, economists at the country’s largest lender, State Bank of India (SBI), have proposed scrapping the long-term capital gains (LTCG) tax on equity investments to encourage investors to remain invested for longer periods.“The...
bank fd

Rs 5.89 crore FD interest slashed from 7.75% to 3.5% without notice; Delhi High Court rejects bank’s non-renewal argument and orders interest at an average of earlier rates

TazaPulseOctober 12, 2026
The Delhi High Court observed that Clause 3.3 of the RBI circular gives banks the freedom to set interest rates. (Image for representative purpose only) Can banks change the rate of returns for fixed deposits on non-renewal? The Delhi High Court has ruled in favour of a fixed deposit holder after a bank cut the...
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McDonald’s chicken and beverage growth faces rivals

TazaPulseOctober 12, 2026
A chicken sandwich from McDonald’s is shown in Chicago, Illinois, May 6, 2021. Scott Olson | Getty Images McDonald’s is betting on chicken and beverages to fuel its next phase of growth, but new consumer spending data suggests the fast-food giant faces stiff competition from rivals that specialize in those areas. At its September investor day,...
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FAA warns airlines about Saudi Arabia flight risks

TazaPulseOctober 12, 2026
Surveillance footage shows people reacting amid smoke at the moment of an attack at King Khalid International Airport in Riyadh, Saudi Arabia, October 10, 2026, in this frame from a handout video. Saudi Ministry of Media | Reuters The Federal Aviation Administration told U.S. airlines to exercise caution when flying in or around Saudi Arabia...
upi mdr

IIT-Bombay report recommends cutting UPI MDR from 0.4% to 0.08%; says banks should give up their share as they earned Rs 4.85 lakh crore from CASA deposits in FY26

TazaPulseOctober 12, 2026
The report further suggested that banks could set aside around 3% of the funds that CASA depositors forgo through lower interest earnings. With a Merchant Discount Rate (MDR) on merchant UPI transactions being announced above Rs 2,000, professors at IIT-Bombay have come out with a report proposing reducing the MDR to 0.08% from 0.40%.The report’s...
sunil bharti mittal

Sunil Bharti Mittal gets highest French civilian award

TazaPulseOctober 12, 2026
NEW DELHI: Sunil Bharti Mittal, Bharti Enterprises founder and chairman, has been named a Chevalier de l’Ordre national de la Légion d’Honneur (Knight of the National Order of the Legion of Honour) by French President Emmanuel Macron.Established in 1802 by Napoleon Bonaparte, the Légion d’Honneur is the highest civilian award bestowed by the French Republic....
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