The Delhi High Court ruled shareholders do not own company assets. They only own shares. Therefore, they cannot be taxed on a company’s income. Dividend income may be taxed. The court dismissed appeals by the Income Tax Department. It upheld a tribunal’s order. Shareholders were not beneficial owners of company assets.Read More

The Indian rupee hit a record closing low of 94.85 against the US dollar on Wednesday. High oil prices and consistent dollar demand pressured the currency. The Reserve Bank of India intervened to support the rupee. Analysts expect continued volatility driven by crude oil prices and capital flows. The rupee is facing selling pressure at...Read More

Indian stock markets saw a strong rise on Wednesday. The Nifty and Sensex gained 0.8 percent each. This surge was fueled by positive earnings from major companies. Peace in West Asia also contributed to the market’s upward movement. Despite high crude oil prices, investors showed confidence. Markets are expected to consolidate in the coming days.Read More