CBDT signs nine UAPAs with Indian taxpayers

The Reserve Bank of India (RBI) has introduced a new set of prudential norms for banks that cap dividend payouts at a maximum of 75 per cent of Profit After Tax (PAT) for most banks, linking profit distribution more closely with capital strength, profitability and regulatory compliance.

The Income Tax Department carried out a nationwide verification exercise on restaurants regarding turnovers, revealing a suppression of sales amounting to approximately Rs 408 crore. According to a Ministry of Finance press statement, the investigation targeted tax evasion patterns within the Food & Beverage (F&B) sector following preliminary data analysis initiated in November 2025.

New Delhi [India], March 6: Baker Tilly ASA India today marked 35 years of operations in India with the launch of its flagship publication, Doing Business in India - A Comprehensive Guide for Foreign Investors 2026. The 2026 edition comes at a pivotal moment as India consolidates its position as one of the world's most dynamic long-term capital destinations.

Raipur (Chhattisgarh) [India], March 2: On Sunday morning, the streets of Raipur transformed into a vibrant celebration of fitness and sporting spirit as thousands of participants came together for the SK Raipur Marathon 2026. Organized by Sanskriti Yuva Sanstha and the Indian Institute of Event Management (IIEMR), in association with SK Finance and South Eastern Coalfield, the event infused the city with energy, discipline, and enthusiasm. Beginning as early as 4:00 AM, more than 10,000 runners from 25 cities participated across multiple race categories, making it a grand sporting spectacle.

New Delhi [India], March 2: India's passenger vehicle market hit an all-time high of 4.3 million units in FY 2024-25, according to data from the Society of Indian Automobile Manufacturers (SIAM). With more Indians buying cars than ever before, a common point of confusion persists -- why does the same car cost significantly more in one city compared to another?

NSE MD and CEO Ashish Chauhan proposed implementing minimum qualification criteria (such as capital or net worth thresholds) for F&O trading, drawing inspiration from markets like the US and Singapore to protect retail investors.

Pune (Maharashtra) [India], February 27: India's regulatory landscape has undergone a major transformation. The four national Labour Codes, active since November 2025, combined with the Income Tax Act 2025 effective April 1, 2026, mean businesses of all sizes must act now or risk penalties and compliance gaps.

Mumbai (Maharashtra) [India], February 26: LTM (Name change from LTIMindtree, subject to shareholder approval) - the Business Creativity partner to the world's largest enterprises, today announced it is collaborating with NVIDIA to support the Central Board of Direct Taxes (CBDT) in modernizing India's national tax analytics platform under the Insight 2.0 initiative. The nation's seven-year mandate aims to bolster tax administration with scalable AI and advanced analytics.

Mumbai (Maharashtra) [India], February 25: India's retail industry gathered its biggest names under one roof next week at Great India Retail Summit this week at the Jio World Convention Centre, Mumbai. Themed 'India's Blueprint for the World', the event is set to host renowned Bollywood celebrities to global retail giants.

Pune (Maharashtra) [India], February 25: Receiving a sudden windfall--be it a year-end bonus, family inheritance, or proceeds from selling an asset--may nudge an investor to review their financial strategy. By investing this surplus money, one can potentially enhance their corpus and earn higher potential returns. This article walks you through ways in which you may plan your investments after receiving a lumpsum and how a lumpsum calculator may aid this process.