India to become upper middle income country soon! Per capita income to rise; economy set to be 3rd largest
https://timesofindia.indiatimes.com/business/india-business/india-to-become-upper-middle-income-country-soon-per-capita-income-to-rise-economy-set-to-be-3rd-largest/articleshow/126672553.cms?utm_source=app&utm_medium=share&utm_campaign=social_share

THE CHANGING WORLD ORDER
https://x.com/RayDalio/status/2014050059210371544?s=20

@AlliesFin

S𝐜𝐡𝐨𝐨𝐥 : Listen Your to Teacher

𝟗-𝟓 𝐣𝐨𝐛 : Listen Your to Boss

𝐓𝐫𝐚𝐝𝐢𝐧𝐠 : Listen ONLY Your to Heart

Trading isn’t a hobby or a lottery; it’s 90% waiting.

Good things come to those
who trust the process and stay patient.

Want an edge in Trading ?

⛔ ＳＴＯＰ trying to predict
✅ ＳＴＡＲ T thinking in probabilities.

T.me/AlliesFin

Jai Ho 😊

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*Mkt. Updates :*

*GIFT NIFTY +80 (25160) from Friday's last trade 25080*

*Nikkei -64 pts ,*
*Hangseng +98 pts ,*

Now @6.52am .

Dow +313.69 pts ,Nsdq +100.11 pts, S&P +34.63 pts , Bovespa -137 Pts , Ftse +5 Pts , Dax +32 pts , Cac -11 pts , Crude @ $60.80 brl (+0.17) Brent @ $65.59 brl (+0.00) , Gold @ 5045.50 (-37.10), Silver @ $107.44 (-0.01), Euro @ $1.188 , JPY @ $154.20 , INR @ 91.705


*🔹US GOVT. 10-YR YIELD : 4.23%*


*Today's Corporate Action, 27-01 Ex Date :*

Dr Lalchandani Labs Ltd
Right Issue of Equity Shares
Ksolves India Ltd
Interim Dividend - Rs. - 5.0000
Persistent Systems Ltd
Interim Dividend - Rs. - 22.0000
SRF Ltd
Interim Dividend - Rs. - 5.0000
UNITDSPR
Interim Dividend - Rs. - 6.0000
WIPRO
Interim Dividend - Rs. - 6.0000


*Today's Board Meetings, 27-01 Ex Date :*

APTPACK
General;Quarterly Results  
ASIANPAINT
Quarterly Results    
BIKAJI
Quarterly Results    
CGPOWER
Quarterly Results    
EMKAY
Quarterly Results    
GOPAL
General;Quarterly Results;Interim Dividend
MAHLOG
General;Quarterly Results  
MARICO
Quarterly Results    
SUMICHEM
Quarterly Results    
VAIBHAVGBL
Interim Dividend;Quarterly Results
WEWORK
Quarterly Results  


*SEC. IN F&O BAN FOR, 27-01-26*

*1. SAMMAANCAP*


*Today's Alert :*

*RBI to Conduct Auction of SDLS BONDS for INR 398 BILLION*

U.S. (JAN) FED INTEREST RATE DECISION ACTUAL: 3.75% VS 3.75% PREVIOUS; EST 3.75%

FED: INFLATION REMAINS SOMEWHAT ELEVATED

FEDERAL RESERVE LEAVES KEY OVERNIGHT INTEREST RATE UNCHANGED IN 3.50-3.75% RANGE, NO LONGER JUDGES DOWNSIDE RISKS TO EMPLOYMENT AS RISING

FED: UNEMPLOYMENT RATE HAS SHOWN SOME SIGNS OF STABILIZATION, JOB GAINS HAVE REMAINED LOW

FED: UNCERTAINTY ABOUT THE ECONOMIC OUTLOOK REMAINS ELEVATED

*29/01/2026*
BSE: +221(82566)
NSE: +76(25418)
BNF: +359(59957)
MID: +0(45112)
SML: −94(47749)
FII|FPI in ₹: (−393.97Cr)
DII in ₹: +2638.76Cr
B. Crude$: 70
Gold$:5275=₹: 176645
Silver₹: 414500
$/₹: 91.95
6.33: 2035 G-Sec: 6.70
NSE 100 PE: 22.12
$ Index: 96.37
VIX: 13.37 −0.15 (1.15%)


*FIIs FY25-26 in ₹*
MTD: (−39573.21Cr)

*DIIs FY25-26 in ₹*
MTD: +65719.21Cr

🌍 Top 10 contributors to global real GDP growth (2026)

1．🇨🇳 China — 26.6%
2．🇮🇳 India — 17.0%
3．🇺🇸 United States — 9.9%
4．🇮🇩 Indonesia — 3.8%
5．🇹🇷 Türkiye — 2.2%
6．🇳🇬 Nigeria — 1.5%
7．🇧🇷 Brazil — 1.5%
8．🇻🇳 Vietnam — 1.6%
9．🇸🇦 Saudi Arabia — 1.7%
10．🇩🇪 Germany — 0.9%

📌 China + India alone = 43.6% of global growth
📌 Asia-Pacific accounts for ~50% of total growth

Source: IMF

📌 DIRECT TAX PROPOSALS – KEY POINTERS

• New Income Tax Act to come into force from 1 April 2026
• Simplified tax rules and forms to be notified shortly
• Forms redesigned for easy compliance by ordinary taxpayers
• Interest awarded by Motor Accident Claims Tribunal to natural persons to be exempt from income tax
• TDS on such interest to be completely removed
• TCS on overseas tour packages reduced:
• From 5% / 20% → 2% (no threshold)
• TCS on remittances for education & medical purposes:
• Reduced from 5% → 2%
• Supply of manpower services specifically included under contract payments to remove ambiguity
• TDS rate on such services capped at 1% / 2%
• TCS on alcohol, scrap, minerals rationalised to 2%
• TCS on tendu leaves reduced from 5% → 2%
• Role-based automated process for lower / nil TDS certificates
• No physical application before Assessing Officer required
• Form 15G / 15H:
• To be submitted once and shared digitally with multiple companies
Filing & Revision of Returns
• Time limit for revising return extended till 31st March
• Earlier: 31st December
• Subject to nominal fee
• Staggered due dates:
• ITR-1 & ITR-2: 31st July
• Non-audit cases / trusts: 31st August
Non-Resident Transactions
• TDS on sale of immovable property by non-resident:
• To be deposited through resident buyer
• Using PAN-based challan
• TAN requirement removed

One-Time Foreign Asset Disclosure Scheme (6 months)

Applicable to students, young professionals, small taxpayers

Category A
• Undisclosed income / asset up to ₹1 crore
• Pay:
• 30% tax + 30% penalty
• Immunity from prosecution

Category B
• Asset value up to ₹5 crore
• Pay:
• ₹1 lakh fee
• Full immunity from penalty & prosecution

Litigation & Penalty Reforms
• Assessment & penalty proceedings to be combined into single order
• No interest on penalty amount during appeal
• Pre-deposit reduced from 20% → 10%
• Taxpayers allowed to update returns even after reassessment begins
• Additional tax: 10% extra

Prosecution Decriminalisation
• Technical defaults converted into fees instead of penalties
• Minor offences → fine only
• Serious offences:
• Simple imprisonment
• Max term reduced to 2 years
• Non-disclosure of foreign assets below ₹20 lakh:
• Immunity with retrospective effect from 1 Oct 2024

Cooperative Sector Relief
• Deduction extended to cooperative societies supplying:
• Cattle feed & cotton seed
• Inter-cooperative society income:
• Allowed as deduction if distributed to members
• Dividend exemption (3 years) for notified national cooperative federations
• Only if passed on to member cooperatives

IT & ITeS Sector Boost
• All IT, ITeS, KPO, R&D services grouped under single IT services category
• Safe harbour margin: 13.5%
• Turnover limit raised:
• ₹300 crore → ₹2,000 crore
• Automated approval — no officer discretion
• Safe harbour valid for 5 years
• Fast-track APA:
• Completion within 2 years (+6 months extension)

Global Investment & Manufacturing
• Tax exemption till 2047 for foreign cloud service companies using Indian data centres
• 15% safe harbour for related-party data centre services
• 2% margin safe harbour for component warehousing
• 5-year tax exemption for non-residents supplying capital goods to Indian manufacturers in bonded zones

Global Talent Incentive
• Exemption on foreign-sourced income of non-resident experts
• Valid for 5 years under notified schemes
• MAT exemption for non-residents taxed on presumptive basis

Accounting & Compliance Simplification
• ICDS to be merged into Indian Accounting Standards
• Separate ICDS compliance to be abolished from AY 2027-28
• Definition of “Accountant” rationalised

Buyback & Capital Market Changes
• Buybacks taxed as capital gains for all shareholders
• Promoter effective tax:
• Corporate: 22%
• Non-corporate: 30%
• STT changes:
• Futures: 0.02% → 0.05%
• Options premium & exercise: 0.15%

Corporate Tax Regime & MAT
• MAT credit usable only in new tax regime
• Set-off allowed up to 25% of tax liability
• MAT to become final tax
• MAT rate reduced:
• 15% → 14%
• Existing MAT credit till 30 March 2026 remains usable