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Gold price today (March 20, 2026): How much 24K, 22K gold costs in Delhi, Hyderbad, Chennai & more – check rates


Gold price today (March 20, 2026): How much 24K, 22K gold costs in Delhi, Hyderbad, Chennai & more - check rates

Gold prices surged by Rs 1,914 to Rs 1.46 lakh per 10 grams in futures trade on Friday, tracking firm global trends amid improving sentiment following signs of easing geopolitical tensions in West Asia, PTI reported.On the Multi Commodity Exchange (MCX), gold contracts for April delivery climbed by Rs 1,914, or 1.32 per cent, to Rs 1,46,868 per 10 grams.Analysts attributed the recovery in bullion prices to a stabilising risk outlook in the region after recent developments suggested a reduced likelihood of further disruptions to energy infrastructure.Here is how gold prices stand across major cities today:

Gold price in Delhi today

Gold prices in the national capital slipped, with 24K gold quoted at Rs 15,108 per gram, down Rs 371, while 22K gold declined Rs 340 to Rs 13,850 per gram.

Gold price in Mumbai today

Mumbai bullion markets also saw weaker retail rates as 24K gold was priced at Rs 15,093 per gram, down Rs 98, and 22K gold fell Rs 90 to Rs 13,835 per gram.

Gold price in Chennai today

Chennai recorded a sharper decline, with 24K gold selling at Rs 15,163 per gram, down Rs 437, while 22K gold dropped Rs 401 to Rs 13,899 per gram.

Gold price in Kolkata today

In Kolkata, bullion traders quoted 24K gold at Rs 15,093 per gram, down Rs 98, while 22K gold stood at Rs 13,835 per gram, lower by Rs 90.

Gold price in Ahmedabad today

Ahmedabad markets showed softer rates as 24K gold stood at Rs 15,098 per gram, down Rs 98, while 22K gold slipped Rs 90 to Rs 13,840 per gram.

Gold price in Hyderabad today

Hyderabad bullion markets reflected a similar trend, with 24K gold priced at Rs 15,093 per gram, down Rs 98, and 22K gold at Rs 13,835 per gram, slipping Rs 90.

Gold price in Bangalore today

In Bangalore, 24K gold was quoted at Rs 15,093 per gram, down Rs 98, while 22K gold was selling at Rs 13,835 per gram, lower by Rs 90.

Gold price in Lucknow today

Gold rates in Lucknow eased as 24K gold was priced at Rs 15,108 per gram, down Rs 98, while 22K gold moved lower by Rs 90 to Rs 13,850 per gram.

Gold price in Patna today

Patna markets also recorded weaker prices, with 24K gold quoted at Rs 15,098 per gram, down Rs 98, and 22K gold at Rs 13,840 per gram, lower by Rs 90.

Gold price in Chandigarh today

In Chandigarh, 24K gold was quoted at Rs 15,108 per gram, down Rs 98, while 22K gold declined Rs 90 to Rs 13,850 per gram.



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Gudi Padwa leads Hindu new year festivities; nationalistic fervour on display | Mumbai News


MUMBAI: A colourful palette of Hindu new year festivals led by the Maharashtrian celebration of Gudi Padwa unfolded across the city Thursday. Grand parades were led in Girgaum and Dombivli whose theme centred around the 150th anniversary of the nationalistic song ‘Vande Mataram’. Individual households hoisted the Gudi in their balconies or windows and served shrikhand and puranpoli. Natives of Andhra, Telangana and Karnataka cheered Ugadi Thursday while the Sindhis will enjoy Cheti Chand Friday. Shreedhar Agarkar, president of the Swami Vivekanand Yuva Pratishthan which organises the Girgaum parade, said, “This was the 24th year of our procession and we focused on the 150th anniversary of Vande Mataram. The event began at 8.00 am with the Gudi pujan ceremony at Phadke Shri Ganpati Mandir. A 20-ft tall statue of Veer Savarkar held the Gudi in its hand.” This year’s highlight was a display of Maharashtra’s award winning Republic Day tableau.Mumbadevi and Mahalakshmi, indeed all temples dedicated to the Mother Goddess, rose early to launch the nine-day Chaitra Navratra with the ghatsthapna ceremony. This observance will culminate on Ram Navami.Sri Sankara Mattham, Matunga, will conduct daily hom (fire sacrifice) and offer free food to devotees through Navratri. Nearby the 300-year-old Marubai Gavdevi Mandir will conduct multiple puja rituals each day and bhajan sessions in the evening, said chairman Anil Gavand.All communities issue the annual almanac on Chaitra pratipada (Gudi Padwa). The Kedia Sabha released two panchangs prepared by Pt Bharat Bhushan Mishra at a special ceremony in Goregaon. “This year signals the start of Vikram Samvat 2083 and Shakti Samvat 1948,” Mishra said.In Dombivli city, a 3-km-long shobha yatra continued a 27-year-old Padwa legacy helmed by the Ganesh Mandir Sansthan along with Navvarsh Swagat Yatra Coordination Committee. BJP state president Ravindra Chavan and Kalyan Lok Sabha MP Shrikant Shinde joined the procession featuring a ‘Vande Mataram’ float.One tableau depicted development projects in Kalyan Lok Sabha constituency including the proposed double-decker transport corridor. Spectators marvelled at a replica of the Khidkali Shiv temple that is undergoing beautification, a super-speciality hospital in Ulhasnagar, Sant Sawalaram Maharaj Mhatre Sports Complex and Warkari Bhavan.The Persian New Year of Jamshedi Nowruz also falls this weekend Mar 21. Agiaries are disseminating messages on social media inviting people to special prayers. Muslim Iranians will celebrate Nowruz with baklava, sherbet and ethnic sweets from Iranian Sweet Palace in Bhendi Bazaar.Meanwhile the month long fast of Ramzan draws to a close Friday with Eid ul’ Fitr expected to fall Saturday March 21.



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Catholic bishops demand ‘withdrawal or revision’ of Maharashtra’s new anti-conversion law | Mumbai News


Catholic bishops demand ‘withdrawal or revision’ of Maharashtra’s new anti-conversion law (Representative image)

MUMBAI: Catholic bishops of Maharashtra affiliated to the Western Region Bishops’ Council have expressed “deep disappointment and strong protest” against the Maharashtra Freedom of Religion Act 2026 that was recently passed by the state assembly. They have demanded its “withdrawal or substantial revision”.“Far from safeguarding religious freedom, this law undermines the very right it claims to protect, i.e. the freedom to choose and profess one’s religion, as guaranteed under the Constitution of India,” they said in a press statement Thursday.“We strongly oppose this Act in its current form and call for its immediate withdrawal or substantial revision. Religious freedom is not a concession granted by the State; it is a fundamental right,” they wrote.The statement was signed by Elias Gonsalves, archbishop of Nagpur, John Rodrigues, archbishop of Bombay, Sebastian, archeparchy of Kalyan, Thomas D’sousa, bishop of Vasai, Lancy Pinto, bishop of Aurangabad, Simon Almeida, bishop of Pune, Ephrem Nariculam, eparchy of Chanda, Malcolm Sequeira, bishop of Amravati, Matthews Mar Pochomio, eparchy of Khadki, Agnelo Pinheiro of the diocese of Sindhudurg as well as auxiliary bishops Savio Fernandes, Stephen Fernandes and Allwyn D’souza of Mumbai.



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Mustafizur Rahman’s PSL 2026 fate in doubt as Bangladesh awaits govt clearance | Cricket News


Mustafizur Rahman’s PSL 2026 fate in doubt as Bangladesh awaits govt clearance
Bangladesh’s Mustafizur Rahman (AP Photo/LM Otero, File)

Participation of Bangladesh cricketers in the upcoming Pakistan Super League (PSL) 2026 is now uncertain, with the final decision hinging on government approval amid ongoing regional tensions. A total of six Bangladesh players — Mustafizur Rahman, Parvez Hossain Emon, Shoriful Islam, Nahid Rana, Tanzid Hasan Tamim and Rishad Hossain — were initially granted No Objection Certificates (NOCs) by the Bangladesh Cricket Board after being picked in the league’s first-ever auction. However, the evolving situation between Pakistan and Afghanistan has prompted the board to reconsider their participation, making government clearance mandatory. BCB cricket operations chairman Nazmul Abedin confirmed that the board will not take a final call without consulting the authorities. “Of course, we will seek permission from the government before sending our cricketers for the PSL. Under normal circumstances, these things are not required. We provide clearance; they go, play, and return. But since the situation is not normal and there is a risk element concerning the players, obviously we will discuss it with the government,” Abedin was quoted as saying by Cricbuzz on Thursday. “We will seek to know from the government whether it will be safe to travel or not, and based on that government decision, we will have to take the ultimate call on whether the players will go or not. Because it is not actually possible for us to understand the situation there. It is possible for the government to know. The government will know, and if the government tells us that it is safe to go and the players can travel, then the players will go. But, in principle, we have decided that we will give the NOC, and they will go to play. But it depends on the situation at that time,” he added. As things stand, if the players are cleared to participate in the PSL, they are likely to miss Bangladesh’s preparatory camps ahead of the upcoming white-ball series against New Zealand national cricket team, who are scheduled to tour Bangladesh next month for three ODIs and three T20Is. The BCB has already issued partial NOCs to manage player availability across both commitments. Mustafizur Rahman, who has been signed by Lahore Qalandars, has been granted clearance from March 26 to April 12 and again from April 24 to May 3. He will take part in the ODI series against New Zealand but will miss the T20I leg. Meanwhile, Tanzid Hasan Tamim, Shoriful Islam, Nahid Rana and Rishad Hossain have received NOCs valid until April 12, allowing them to feature in both formats of the home series. Parvez Hossain Emon, on the other hand, has been cleared until April 21 and is expected to be available for the T20I matches. With safety concerns now at the forefront, the final decision on Bangladesh players’ PSL participation will ultimately rest with the government, leaving their involvement in the tournament hanging in the balance.

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An alternative route to Strait of Hormuz? Iran sets up ‘corridor’, offers ships safe passage for a price


An alternative route to Strait of Hormuz? Iran sets up 'corridor', offers ships safe passage for a price
Strait of Hormuz (AP image)

Iran has introduced a ‘safe shipping corridor’ that allows selected vessels to pass through the Strait of Hormuz via a route inside its territorial waters, as tensions in the region continue to disrupt global maritime traffic.The corridor is being offered only to ships that receive prior approval from Iranian authorities, making it a controlled and selective alternative rather than a fully open route through one of the world’s busiest oil chokepoints.

What is the current process for ships to pass through ‘Strait of Hormuz’?

Under the current arrangement, ships must undergo a vetting process before entering the corridor. Several countries, including India, Pakistan, Iraq, Malaysia and China are in discussions with Tehran to coordinate safe passage for their vessels.The system is being managed by Iran’s Islamic Revolutionary Guard Corps (IRGC), which is developing a registration mechanism for ships seeking clearance. Shipping operators are required to share detailed information including vessel ownership, cargo and destination in advance through intermediaries.

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While the process is currently being handled on a case-by-case basis, reports suggest that a more formal and structured approval system may be introduced in the coming days, according to maritime news agency Lloyd’s List. At least nine ships have already used the corridor, travelling close to Iran’s Larak Island where the IRGC Navy and port authorities carry out visual inspections.Among them, three India-flagged gas tankers Shivalik, Nanda Devi and Jag Laadki have successfully transited the strait and arrived in India after taking this route. Shipping data indicates that these vessels avoided the usual shorter passage through Omani waters and instead moved through Iranian territorial waters under supervision.

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Other vessels, including bulk carriers and tankers, have also reportedly followed similar routes.

Costs, risks and global concerns remain

According to a report by Lloyd’s List, at least one tanker operator is believed to have paid around $2 million to secure safe passage. In most cases, approvals have been granted through diplomatic coordination.Despite being described as “safe”, experts have raised concerns over the reliability of the corridor. They warn that clearance from Iranian authorities does not guarantee protection, as different units within the IRGC may still delay or even seize vessels, creating uncertainty for shipping companies.The development has also raised geopolitical concerns. While the United States is currently allowing limited transits to avoid disruptions in global energy supply, analysts believe it may not support such an arrangement in the long term. Any attempt by Iran to assert greater control over the strait could increase tensions and trigger responses.For many global shipping firms, especially those linked to Western countries, the risks remain high. However, operators with trade ties to Iran or fewer geopolitical constraints may continue to explore this option.Meanwhile, overall traffic through the Strait of Hormuz remains low. Most shipowners are avoiding the route due to security concerns, with recent data showing only a small number of transits.Iran has denied allegations that it is blocking the strait and has maintained that it supports free and safe navigation. It has attributed the current disruption to rising regional tensions and external military actions.



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Google, Amazon and nine other technology giants and retail companies join hands to fight online scams


Google, Amazon and nine other technology giants and retail companies join hands to fight online scams

Google, Meta, Amazon, Microsoft along with nine other tech and retail giants have now come together to launch the Tech Industry Accord to Combat Scams. This initiative from the companies is designed to tackle the increasing problem of online fraud. Announced this week, the Accord is one of the largest industry collaborations till date which deals with scams that target consumers via fake ads, phishing and fraudulent listings.As part of the Accord the companies have pledged to share best practices, improve scam detection and collaborate more closely with law enforcement and consumer protection agencies. The initiative also stressed on information-sharing across platforms, so that fraudulent activity detected on one service can be flagged across others.According to the accord document, the goal is to create a “safer digital ecosystem” by reducing the prevalence of scams that erode consumer trust and cause billions in losses annually.“This Accord addresses the growing problem of online scams and fraud, specifically deceptive schemes targeting individuals or organizations with the intent of taking money and/or personal information, which impacts billions of users across the globe,” reads the document.The Accord also seeks to set expectations for how signatories will work across online services to counter scammers, in line with their own policies and practices as relevant to the commitments in the Accord.

Why the companies signed the Accord now

Online scams are on a rise worldwide and are exploiting the growth of e-commerce and digital services. The fraudsters are now using AI-generated content and other sophisticated social engineering tactics to exploit the users. By coming together these big companies now hope to stay ahead of fraudsters and also assure the customers all the platforms are now taking coordinated action.The move comes amid heightened scrutiny of tech platforms’ responsibility in protecting users. Regulators in the U.S., U.K., and EU have been pressing companies to strengthen safeguards against fraud. Similar alliances have emerged in financial services, but this marks a significant expansion into the broader tech and retail sectors.



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Gold price prediction amid US-Iran war: What’s the gold rate outlook for March 20, 2026?


Gold price prediction amid US-Iran war: What's the gold rate outlook for March 20, 2026?
Gold price prediction today (AI image)

Gold price prediction today: Gold prices are range-bound and highly volatile in the current scenario, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.Gold futures on MCX are trading near ₹1,46,900 after witnessing a sharp decline followed by a recovery bounce. The price action indicates consolidation after a strong directional move, with markets now reacting to global cues. Ongoing geopolitical tensions and uncertainty around the U.S. Fed’s interest rate trajectory are keeping bullion highly sensitive, leading to sharp two-sided moves.Technical SetupPrices are hovering near the short-term EMA cluster, indicating indecision after the recent fall. The EMAs are flattening, suggesting consolidation and lack of a clear directional trend in the immediate term.Bands are wide, reflecting elevated volatility. Price is oscillating between the mid and lower band, indicating that sharp intraday swings may continue within a defined range.RSI is near 50, reflecting neutral momentum. This supports the view of a range-bound market with no strong directional conviction.MACD:MACD is flattening after a negative phase, indicating that bearish momentum has slowed while no strong bullish reversal is confirmed yet.Key Intraday Levels:Resistance Zones: • ₹1,47,500 – ₹1,47,800 (Immediate resistance) • ₹1,49,000 – ₹1,49,500 (Strong supply zone)Support Zones: • ₹1,46,000 – ₹1,45,800 (Immediate support) • ₹1,44,800 – ₹1,44,500 (Key demand zone)Volatility & Market View:Gold is expected to remain highly volatile amid: • Escalating geopolitical tensions driving safe-haven flows • Uncertainty over Fed rate cuts and inflation trajectory • Dollar index and bond yield fluctuationsIntraday movement is likely to remain wide and erratic, with potential spikes on news flow. The broader range for the session is seen between ₹1,45,000 – ₹1,49,000, with sudden breakouts possible on macro triggers.Gold is currently in a consolidation phase within a high-volatility environment, with prices reacting sharply to global developments. Traders should closely monitor key support and resistance levels, as any breakout beyond the defined range could trigger a directional move.Bias: Volatile & Range-BoundRange: ₹1,45,000 – ₹1,49,000(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)



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Summons issued against Sanjay Dutt, Nora Fatehi, Badshah for ‘Sarke Chunar’, ‘Tateeree’ songs by NCW for ‘sexually suggestive, objectionable’ content |


The National Commission for Women (NCW) has issued summons to the makers of the songs ‘Tateeree’, ‘Sarke Chunar’ after reports alleging “obscenity and vulgarity” appeared in the media. The official X handle of NCW on Thursday morning said that the commission has observed “that the content prima facie appears to be objectionable and violative of provisions under the Bharatiya Nyaya Sanhita.”For ‘Tateeree’, the summons have been issued to Badshah, who is the singer and lyricist of the song along with director Mahi Sandhu and producer Hiten. As per the tweet, they have been asked to appear on March 25, 2026 at 12:30, along with “relevant documents”. The tweet says that failure to appear “may invite appropriate action as per law.” The Information Technology Act, and the Indecent Representation of Women (Prohibition) Act, 1986, have been mentioned in the tweet.

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‘Sarke Chunar Teri Sarke’ Divides Internet As Nora Fatehi Faces Backlash

For the song ‘Sarke Chunar’, the summons have been issued to actors Nora Fatehi, Sanjay Dutt and producer Venkat K Narayana and director Kiran Kumar. They have been asked to appear on March 24, 2026 and the tweet mentioned that in case they do not appear, it may invite “appropriate action as per law.” The tweet said that the content of the song is “sexually suggestive, objectionable, and violative of provisions under the Bharatiya Nyaya Sanhita, IT Act, and POCSO Act.The tweet read, “The National Commission for Women, in exercise of its powers under the NCW Act, 1990, has taken suo motu cognizance of media reports alleging obscenity and vulgarity in the song “Sarke Chunar Teri Sarke.” Observing that the content prima facie appears to be sexually suggestive, objectionable, and violative of provisions under the Bharatiya Nyaya Sanhita, IT Act, and POCSO Act, the Commission has taken serious note of the matter. Summons have been issued to Actress Nora Fatehi, Raqueeb Alam, Actor Sanjay Dutt, Venkat K. Narayana (Producer, KVN Group), and Kiran Kumar (Director) directing them to appear before the Commission. They have been asked to appear on 24.03.2026 at 12:30 PM along with relevant documents.”Many people associated with the song ‘Sarke Chunar’ expressed their discontentment with the song on Wednesday. Nora Fatehi said that she shot for the Kannada version of the song three years ago and had no idea about the Hindi version back then. “Whatever they’ve done right now, which is creating a Hindi version and dubbing the voice in Hindi and having those lyrics, which are very inappropriate, I had no idea about that. They didn’t take any approvals. They didn’t take any permission from me,” she said on Instagram. She added that after she heard the Hindi version, she flagged her concerns and told the director that this would “get a lot of backlash.”The Central Board of Film Certification (CBFC) also shared with ANI that the censor board did not get any application seeking clearance for this song. “It is to be noted clearly that content on digital platforms is not certified by CBFC. There is often confusion about this and CBFC is unnecessarily dragged into matters that are not connected.”Previously, Union Minister for Information and Broadcasting Ashwini Vaishnaw addressed that matter in Lok Sabha and said that a ban had been imposed on the song. Lyricist Raqueeb Alam who was credited with writing the Hindi lyrics of the song told HT City that the original song was written by the director and he was only tasked with translating the lyrics to Hindi. “These lyrics were not written by me; they were originally written by director Prem in Kannada. When I was asked to write this, I refused, saying such songs won’t work and would be censored. But they told me to simply translate the Kannada version and give it to them, and they would set it to the song’s meter,” he told HT City.On March 6, the Haryana State Commission for Women had asked Badshah to appear before them and after the singer failed to appear before them on March 13, they directed the police in Panipat and Panchkula for his arrest and asked that his passport be seized, as per a report in PTI.Renu Bhatia, the chairperson of the Haryana State Commission for Women, told PTI, “I have ordered SP Panipat to get Badshah arrested from anywhere, any place and issue search orders.” She also said that multiple FIRs had been filed against the singer in Panchkula and Jind.Badshah’s song came under the scanner shortly after it was released on YouTube over inappropriate lyrics and suggesting that the women in the music video were minors as they appeared in school uniforms. Badshah apologised for the song and pulled down the video. He said, “I am Badshah. My new song Tateeree was recently released, and I have been seeing that many people are offended by its lyrics and visual representation. First of all, I want to clarify that I myself am from Haryana. My food, lifestyle, and the way I speak — everything reflects Haryana. I am a proud Haryanvi. I never had any intention of portraying women or children in a vulgar manner. I belong to the hip-hop genre, where lyrics often include disses aimed at competitors. The song was never meant to target women or children, and I would never do that. My aim has always been to promote and take forward Haryana’s culture. If my song has hurt anyone’s sentiments, I sincerely apologise. I hope you will see me as a son of Haryana and forgive me.”



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Premium petrol prices hiked by up to Rs 2.35 per litre amid Middle East tensions


Premium petrol prices hiked by up to Rs 2.35 per litre amid Middle East tensions

State run oil marketing companies on Friday increased the price of their premium-grade power petrol by over Rs 2 per litre, while keeping the prices of regular petrol and diesel unchanged.The revised rates apply to high-performance fuel variants, including BPCL’s Speed, HPCL’s Power and IOCL’s XP95, with prices increasing in the range of Rs 2.09 to Rs 2.35 per litre.There has been no change in the price of regular petrol, according to ANI. The revision comes amid ongoing volatility in global energy markets due to the Middle East crisis. However, HPCL said it has taken steps to shield retail consumers from broader price increases.The ongoing Iran conflict has triggered a sharp surge in global oil prices, largely due to disruptions around the Strait of Hormuz, a critical chokepoint through which nearly 20% of the world’s energy supplies pass.Escalating attacks on energy infrastructure by both sides — Iran and Israel-US — and threats to shipping in the region have pushed crude prices above $100 per barrel, with spikes nearing $120 at peak levels, as markets priced in supply risks.For India, the impact is significant due to its heavy dependence on imports. The country meets about 85–90% of its crude oil needs from overseas, with roughly 40–50% of supplies routed through the Strait of Hormuz.Any disruption in this corridor increases shipping costs, insurance premiums and overall import bills, while also raising the risk of supply shortages. Analysts warn that even a $10 rise in crude prices can substantially widen India’s import bill and add to inflationary pressures.The impact is already visible, with pressure on the rupee, foreign investor outflows, and concerns over rising fuel and LPG costs.



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New income tax rules notified from April 1; simplified law retains HRA relief and tightens disclosure norms


New income tax rules notified from April 1; simplified law retains HRA relief and tightens disclosure norms

The Central Board of Direct Taxes (CBDT) on Friday notified the Income-tax Rules, 2026 to operationalise the simplified direct tax legislation passed by Parliament last year, with the new framework set to come into effect from April 1. “These rules may be called the Income-tax Rules, 2026. They shall come into force on the April 1, 2026,” a gazette notification said.Parliament had on August 12, 2025 cleared the new Income Tax Bill aimed at replacing the six-decade-old Income Tax Act, 1961. The legislation does not introduce any new tax rate and focuses on simplifying language to make complex provisions easier to understand.

HRA framework and eligibility norms

The notified rules retain the proposed structure for house rent allowance (HRA) exemptions applicable to salaried taxpayers. Under the new framework, eight cities– Mumbai, Kolkata, Delhi, Chennai, Hyderabad, Pune, Ahmedabad and Bengaluru –will qualify for a higher exemption limit of 50 per cent of salary, while all other locations will continue to have an exemption ceiling of 40 per cent.At present, salaried employees residing in Mumbai, Delhi, Kolkata and Chennai are allowed to claim HRA exemption of up to 50 per cent of their salary, while those living in other locations are eligible for a lower limit of 40 per cent, according to PTI report.The new rules also make disclosure of landlord-tenant relationship mandatory for claiming income-tax deductions linked to house rent allowance, thereby strengthening compliance requirements for taxpayers.

Simplification of tax law structure

The simplified law removes redundant provisions and archaic language and reduces the number of sections from 819 under the Income Tax Act of 1961 to 536, while the number of chapters has been cut from 47 to 23.The total number of words in the legislation has been reduced significantly from 5.12 lakh to 2.6 lakh. For the first time, the new framework introduces 39 tables and 40 formulas, replacing dense textual provisions to enhance clarity and improve ease of interpretation for taxpayers and practitioners.The notification also introduces more than 150 official forms — numbered from Form 33 onwards — covering a wide range of tax-related activities and procedural requirements.

Compliance tightening in key areas

New rules create stricter regulations around capital gains taxation, stock exchange dealings and non-resident taxation, while simplifying other disclosure mechanisms in the direct tax system.The framework increases the responsibility of auditors and companies for tax credit claims relating to foreign income. Auditors have also been entrusted with greater responsibility to check instances of PAN duplication and assess tax liabilities arising out of adverse audit observations.In addition, the rules clarify how the holding period of assets will be calculated in specific situations to determine whether gains are categorised as short-term or long-term.For converted securities such as shares or debentures, the holding period will include the duration for which the original instrument — including bonds, debentures or deposit certificates — was held before conversion, providing clarity on capital gains treatment in such cases.



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