Fixed Deposit New Rules 2026: new fixed deposits of ₹10 lakh or more in a financial year by a person need to be reported by the bank or the post office to the Income-tax Department in the statement of financial transactions. However, this limit does not apply to fixed deposit renewals.
Money Market
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India-US Trade Deal: Harley-Davidson Gets Zero Tariff Entry, Tesla Misses Relief
India US Trade Deal: (Reuters) – India will slash tariffs on high-end American cars to 30% from as high as 110% and eliminate duties on Harley-Davidson bikes under an interim trade pact, an official said, but will not make concessions for electric vehicles, a move that pointedly leaves Tesla (TSLA.O), opens new tab out.
Trump Proposes 10% Cap on US Credit Card Interest Rates for One Year from January 20
Trump credit card interest rate cap: Former US President Donald Trump has called for a temporary cap on credit card interest rates in the United States, saying American consumers are paying unfairly high charges.
Japanese Investors Eye India with Big Deals in Steel, Banking and Markets
The first three weeks of December witnessed a trio of big-ticket cross-border deals involving Japanese entities, underscoring a renewed surge of interest of investors and corporations to India from the Land of the Rising Sun.
ITR Filing AY 2025-26: Income Tax SMS Alert Explained | Big Clarification for Taxpayers
ITR filing FY 2024-25: The Income tax department (ITD) on Thursday said the recent communications sent to some taxpayers regarding their transactions are advisory in nature and aimed at facilitating voluntary compliance, not initiating enforcement action.