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Location American Market News for 8 December 2025
Will DA be added to basic pay under 8th Pay Commission? Here's what Finance Ministry said 8th Pay Commission: The Finance Ministry confirmed that the 8th Pay Commission will not merge dearness allowance or relief with basic pay.
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New Income Tax Act: ITR forms to be issued prior to FY28, says govt The new income tax returns form under the Income Tax Act, 2025, will be issued before the 2027-28 financial year, according to Minister of State for Finance Pankaj Chaudhary.
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How to obtain tax residency proof in India?

livemint.com - 8 Dec 2025 16:09
How to obtain tax residency proof in India? A UK company requires an Indian Tax Residency Certificate for reduced withholding tax on interest payments. To obtain this, an online Form 10FA must be submitted, confirming tax residency in India for the relevant financ...
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Markets will move in 2026, but behaviour will decide outcomes The markets in 2026 may test investors. When instinct pushes for quick reactions, it is behaviour discipline, restraint, and clarity of purpose that will decide outcomes.
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Dont pay tax on gifts if they are from family. Heres the rule Gifts from relatives are exempt from tax, while gifts over ₹50000 from non-relatives are taxable. Gifts received during marriage are fully tax-exempt. 
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Inside AIFs: The risks, rewards and real fit for your portfolio Each AIF is different and an investor needs to understand if and where it fits into their asset allocation mix, based on their portfolio size, risk-taking ability, return expectations and liquidity considerations
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This couple had a New Year holiday in Oman just for ₹2 lakh. Here's how As part of Mints travel series, the couple shares details of their nine-day Oman holiday, showing how its possible to enjoy a full, hassle-free holiday without stretching the wallet.
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Still believing these credit myths? Theyre quietly ruining your financial health As 2025 ends, it's vital to debunk personal finance myths, especially regarding credit. Misconceptions include beliefs that BNPL doesn't affect credit scores, high income ensures good scores, and closing old card...
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Axis Bank credit card travel redemption options: Transfer ratios, limits, and tips Axis Bank credit cardholders can transfer their reward points to 20 partners (6 hotels and 14 airlines) categorised into Group A and B. There are groupwise calendar year limits on points transfers.
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