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As Dhanteras nears, Indian consumers are closely monitoring the recent drop in gold and silver prices, scrutinizing how this volatility might influence future values. Financial experts advise buyers to assess their personal needs and investment objectives before making any purchases. With more price changes anticipated in the months ahead, a gradual buying approach is recommended to handle potential risks effectively, ensuring that purchases reflect one's investment philosophy.
Indian equity benchmarks, Nifty50 and BSE Sensex are in deep red this year, In fact, they are set for their worst annual stress in over a decade. However, in the last two years MSCI’s Emerging Markets Index has actually seen a jump of 40%. So clearly India is out of favour with foreign investors who are selling here and buying elsewhere.
The Income Tax Department discovered that a woman had deposited Rs 60,07,500 in cash into her bank account during the financial year 2015-16. However, she had not filed an income tax return (ITR) for the corresponding assessment year. The Assessing Officer (AO) subsequently issued a show-cause notice under Section 148A(b) of the Income Tax Act, 1961. As the woman did not respond, the AO passed an order.