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Budget 2026–27:Interest awarded by MACT to a natural person exempted from income tax

Budget 2026–27:Interest awarded by MACT to a natural person exempted from income tax

by AIP Online Bureau | Feb 1, 2026 | Eco/Invest/Demography, Health, Indian News, Non-Life, Reinsurance

The tax holiday period on business income earned by a unit in International Financial Services Centre has been increased from 10 to 20 years (out of a block of 25 years. The FM also proposed to set up five hubs for medical tourism and a Rs 10,000-crore outlay for...

How Indians are earning, investing, and building wealth

by AIP Online Bureau | Jan 7, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

A sharp rise in ITR-3 and ITR-2 filings shows that more people are earning from business, trading, and investments — indicating a move away from single-income careers toward diversified income streams. New Delhi: India’s high-income salaried class is growing at...
Income Tax Department cautions taxpayers against rise in fake emails, SMS scams

Income Tax Department cautions taxpayers against rise in fake emails, SMS scams

by AIP Online Bureau | Dec 13, 2025 | Eco/Invest/Demography, Indian News, Risk Management

Fraudsters, the Department warned, are increasingly using fake sender IDs, misleading links and look-alike websites to trick individuals into revealing sensitive details such as PAN numbers, passwords and one-time passwords (OTPs).The Department has reiterated that...
ICICI Pru Life Insurance gets demand notice of Rs 328.4 cr from I-T Dept

ICICI Pru Life Insurance gets demand notice of Rs 328.4 cr from I-T Dept

by AIP Online Bureau | Mar 28, 2025 | Indian News, Life, Policy

The demand notice served on various counts, including shareholders’ income taxed as income from other sources and certain marketing and advertising expense considered as inadmissible expenses and hence disallowed, ICICI Prudential Life Insurance said Mumbai:...
New Income Tax Bill to be introduced in monsoon session: FM Sitharaman

New Income Tax Bill to be introduced in monsoon session: FM Sitharaman

by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Wealth Management/ Philanthropy

The simplification exercise was guided by three core principles which include textual and structural simplification for improved clarity and coherence, ensuring continuity and certainty with no major tax policy changes and no modifications of tax rates to preserve...
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