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Business

HUF Taxation Rules Under New Income Tax Act Explained

A Hindu Undivided Family (HUF) is recognized as a separate taxable entity under both the old Income-tax Act, 1961, and the new Income-tax Act, 2025, effective from April 1, 2026. For the tax year 2026–27, HUF income up to ₹4 lakh is exempt from tax, with concessional slab rates thereafter. Transferring personal savings to an HUF for separate taxation is a possible tax-planning strategy, as money received from members is exempt under the "relative" exemption.

Economic Times·2h ago

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Business

Switzerland Keeps Interest Rates at 0% Amid Low Inflation

Switzerland's central bank, the Swiss National Bank (SNB), has maintained its key interest rate at 0% since June 2025, despite rising inflation pressures globally. Swiss inflation remains low at 0.8% as of August, within the SNB's 0-2% target. The strong Swiss franc, a global safe-haven currency, helps keep imported goods cheaper, allowing the SNB to keep borrowing costs low through 2028 with expected inflation around 0.7-0.8%.

Firstpost Business·53m ago

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Business

Today's Gold Rates for 24k, 22k, 20k, and 18k in Major Indian Cities

This report provides the latest gold rates for 22k gold from leading jewelers like Tanishq, Malabar Gold & Diamonds, Kalyan Jewellers, and Joyalukkas across Delhi, Mumbai, Chennai, Kolkata, Trivandrum, and Bengaluru. It also includes updated prices for 14k, 18k, 20k, 22k, and 24k gold jewelry and the 999-purity silver rate from IBJA.

Economic Times·1h ago

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Sports

Virat Kohli Breaks Sachin Tendulkar's Two Major ODI Records

Virat Kohli scored an unbeaten 139 off 88 balls to lead India to an eight-wicket win over the West Indies in the first ODI of a three-match series. During this innings at Greenfield International Stadium, Kohli became the second batter after Sachin Tendulkar to reach 15,000 ODI runs. He also surpassed Tendulkar's record for most ODI runs on home soil and extended his tally to 55 ODI centuries.

NDTV Cricket·1h ago·Thiruvananthapuram

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Politics

Seer Criticizes Attempts to Divide Hindus Over Lingayat and Veerashaiva Identities in Karnataka

At a convention in Karnataka, a seer criticized efforts to divide Hindus based on Lingayat and Veerashaiva identities. The seer alleged that some individuals claiming to uphold Basaveshwara’s progressive ideals selectively oppose Hindu traditions while accepting positions, recognition, and benefits from institutions linked to the same society.

The Hindu·48m ago·Karnataka

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Politics

CJP's Ashutosh Ranka Alleges Assam Police Bullying After Guwahati Detention

Cockroach Janta Party spokesperson Ashutosh Ranka alleged that Assam Police detained him and over 30 party leaders and volunteers in Guwahati to intimidate the organisation. The detention occurred before the party's first regional volunteers' meeting near the Assam Secretariat. Ranka was later released and stated, “The more you suppress, the more the revolution will spread.”

Zee News Hindi·30m ago·Guwahati

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