Income Tax Return: Are capital gains from MFs taxed differently under new & old regime? What taxpayers should know about new LTCG, STCG rules

Capital gains from sale of mutual funds (MFs) are taxable In India, under both the old and new income tax regimes. (AI image) Income Tax Return Filing AY 2025-26: One important aspect of income tax return filing, apart from reporting income from salary, is also filling in details of any capital gains – short-term or…

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BRICS summit in Rio: Bloc may push trade in local currencies, countries differ on common currency; India says discussions still at ‘early stage’

Ahead of the July 6–7 BRICS summit in Rio de Janeiro, senior diplomats from leading member nations said the grouping is likely to intensify efforts toward settling trade in national currencies, even as they ruled out any imminent move toward a unified BRICS currency.At a conference co-hosted by the Embassy of Brazil and Centre for…

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Infrastructure order: Vishnusurya Projects wins SAIL Bokaro contract; Rs 23.57 cr order to be executed in 12 months

Vishnusurya Projects and Infra Ltd has secured an order worth Rs 23.57 crore from Gorantla Geosynthetics Ltd for replacement and construction of a Benzol storage unit, Benzol Recovery Plant-2 and By-Product Plant at the Bokaro unit of Steel Authority of India Ltd (SAIL), the company said in a statement on Saturday.In a steel plant, Benzol…

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Report: Public Sector Banks increase market share amid slower credit growth in FY25; regain lending dominance

This is an AI-generated image, used for representational purposes only. Public Sector Banks (PSBs) gained significant market share across lending segments and geographies in FY25 despite overall moderation in bank credit growth, a report by Union Bank of India has revealed. The shift was especially evident in working capital and demand loans, traditionally used by…

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Net direct tax collections dip 1.39% to Rs 4.59 lakh crore despite 5% rise in gross mop-up; refunds surge 58% – Here’s why

Representative image (Picture credit: ANI) India’s net direct tax collections for the ongoing financial year 2025-26 declined by 1.39 per cent to Rs 4.59 lakh crore as of June 19, mainly due to a sharp surge in refund issuances, according to government data released on Saturday. In the same period last year, net direct tax…

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Sebi gears up for use of AI, machine learning on Dalal Street

Mumbai : Markets regulator Sebi has proposed a five-point plan for adoption and use of artificial intelligence-machine learning (AI/ML)based technologies in the Indian securities market. Those are model governance, investor protection disclosure, testing framework, fairness & bias, and data privacy & cyber security measures.The regulator has come out with a consultation paper titled ‘Guidelines for…

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Gold price prediction today: What’s the gold rate outlook for June 13, 2025 after Israel strikes Iran – should you buy or sell?

Gold price prediction: The ₹99,000 level, coinciding with the 21-day EMA, represents the most logical support zone for dip buying in this new bullish environment. (AI image) Gold price prediction today: MCX Gold August 2025 contract has opened with a spectacular gap up at ₹100,300, marking a massive surge of over 1,800 points from previous…

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