In the tax return that he filed, the man declared LTCG of Rs 7.73 crore after accounting for certain expenses. He claimed tax exemptions of Rs 2.64 crore under Section 54F, which relates to residential property, and Section 54B, applicable to agricultural property. However, the Assessing Officer (AO) was not satisfied with the documents that were submitted by the taxpayer to support his claims

Canada ‘looking forward’ to seal trade deal with India as fifth CEPA round begins
https://timesofindia.indiatimes.com/business/india-business/canada-looking-forward-to-seal-trade-deal-with-india-as-fifth-cepa-round-begins-whats-on-agenda/articleshow/134686091.cms

India and Canada are gearing up for the fifth session of negotiations on the Comprehensive Economic Partnership Agreement, which will take place in Ottawa. The objective is to wrap up the trade deal by late 2026, with priority given to collaboration in sectors like energy, critical minerals, aerospace, and artificial intelligence.

Rupee hovers near 96 as oil stays above $100 per barrel, foreign selling persists
https://timesofindia.indiatimes.com/business/india-business/rupee-hovers-near-96-as-oil-stays-above-100-per-barrel-foreign-selling-persists/articleshow/134686549.cms

The rupee started off on a weaker note against the US dollar due to soaring crude oil prices and foreign investors selling off. In response, the Reserve Bank of India is stepping in to curb volatile changes, as forex reserves dwindle. Market analysts anticipate a possible interest rate increase following the upcoming monetary policy meeting, while the dollar index remains robust.

India-US trade talks hit ‘plateau’
https://timesofindia.indiatimes.com/business/india-business/india-us-trade-talks-hit-plateau-sitharaman-says-further-give-and-take-very-very-difficult/articleshow/134687036.cms

India and the US have reached a challenging stage in their trade negotiations, according to Finance Minister Nirmala Sitharaman. She indicated that both nations must navigate a significant trade imbalance affecting their discussions. Trade talks continue, but reaching further concessions seems increasingly difficult as both sides evaluate their positions. Meanwhile, India is actively seeking bilateral agreements, especially with the European Union, to enhance market access.

IndiGo hikes fuel charges for all flights: Here's how much more you will end up paying
https://timesofindia.indiatimes.com/business/india-business/indigo-hikes-fuel-charges-for-all-flights-heres-how-much-more-you-will-end-up-paying/articleshow/134689151.cms

IndiGo will implement new fuel charges for its flights starting from October 6, 2026. The increase in charges will vary based on the distance of travel for domestic flights. For international flights, the revised fuel charges will range between Rs 1,000 and Rs 10,000. This decision follows the considerable increase in aviation turbine fuel prices amid geopolitical tensions.

Bengaluru-Mumbai Vande Bharat sleeper set to cut 24-hour journey to under 16
https://timesofindia.indiatimes.com/business/india-business/second-vande-bharat-sleeper-set-to-launch-this-month-between-bengaluru-and-mumbai-cutting-travel-time-from-24-hours-to-under-16-hours-30-year-wait-for-faster-connectivity-between-two-cities-to-end/articleshow/134688702.cms

The country's second Vande Bharat sleeper service is expected to substantially reduce the time taken to travel by rail between Bengaluru, India's technology hub, and Mumbai, its financial capital. Although the official launch date has not yet been declared, the railway zones have been asked to commence the service at the earliest convenient opportunity.

Tata Sons Chandrasekaran hails India’s economy, lists 3 key areas for Vikisit Bharat
https://timesofindia.indiatimes.com/business/india-business/tata-sons-chair-chandrasekaran-hails-indias-strong-economy-despite-difficult-world-lists-3-key-areas-for-vikisit-bharat/articleshow/134691020.cms

During the IFQM Symposium 2026, N Chandrasekaran showcased India's economic resilience, pointing to robust domestic demand as a foundation for growth. He underscored the importance of investing in human resources and energy security for sustainable advancement. Highlighting key economic metrics like a low current account deficit and solid bank NPAs, he advocated for enhanced quality in manufacturing to elevate India's competitive edge and support inclusive development.

RBI Rate Hike Debate: Inflation and crude fuel calls for October move; but what about growth costs?
https://timesofindia.indiatimes.com/business/india-business/rbi-expected-to-hike-interest-rate-but-will-it-be-an-effective-way-to-contain-inflation/articleshow/134692446.cms