A new income tax bill threatens to increase taxes for Indian promoters and family offices using LLPs for investments. The proposed law expands the scope of the Alternative Minimum Tax (AMT) on LLPs, potentially raising the tax rate on profits from the sale of securities from 12.5% to 18.5%, impacting investment entities regardless of claimed deductions.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs
October 24, 2026