Apple wants India to modify a tax law that hinders its expansion in the country| Business News

Apple Inc. is lobbying the Government of India to modify its income tax law to ensure that the company is not taxed for ownership of high-end iPhone machinery it provides to its contract manufacturers. That, Apple believes, hinders expansion in its fastest growing market. Apple’s contract manufacturers Foxconn and Tata have pumped in billions of […]

What are sovereign gold bonds? Meaning, interest rate, tax benefit, and how to invest| Business News

Sovereign Gold Bonds (SGBs) are government-backed securities that let you invest in gold digitally. They offer 2.5% annual interest, tax-free capital gains at maturity, and eliminate the need to store physical gold. Each gold bond unit represents one gram of gold and earns a fixed annual interest of 2.5%, in addition to any capital appreciation […]