The Central Board of Direct Taxes (CBDT) has rolled out as many as seven ITR (income tax return) forms incorporating some key changes in them to align with budget announcements made last year to meet policy objectives and evolving tax norms. These forms, however, have been notified with quite a delay this year if compared
Top 5 debit cards offering complimentary airport lounge access in India: After banks saw a growing demand for credit cards offering complimentary lounge access at airports in India and abroad by Indian users, they started offering the key facility for travelers on their select debit cards also, along with other important benefits like cashback, air
The Income Tax Department has released the income tax return forms for the financial year 2024-25 (assessment year 2025-26). That is, now you can give the account of income and tax paid from 1 April 2024 to 31 March 2025 by filing an income tax return. Like the previous year, the government has notified seven
Systematic Investment Plan (SIP) in mutual funds have emerged as a preferred choice for investors aiming for wealth creation through equities. Investing in mutual funds SIP works just like like recurring deposits (RD) with a bank, where you deposit a fixed sum of money regularly. The only difference here is that your money is deployed
Mumbai, Delhi and Karnataka would lead the direct tax collection charge with enhanced targets for FY26 as the Centre has pegged a collection growth of 13.2% at Rs 25.2 lakh crore for the year, despite substantial income tax relief in the budget. ALSO READNearly 1000 flights cancelled since the start of Operation Sindoor As
Warren Buffett, the oracle of Omaha and Ravi from Delhi have something in common. They both were witness to what can be called a superpower. While Buffett used it deliberately, Ravi’s story reveals a powerful lesson for the impatient investors, who want to keep jumping from one investment to the other. Discover this superpower below…
As the July 31 deadline for filing Income Tax Returns (ITR) for the financial year 2024-25 approaches, experts are warning taxpayers to tread carefully and avoid common pitfalls that can lead to penalties, delayed refunds, or even scrutiny by the Income Tax Department. ALSO READIncome Tax Department notifies ITR forms 1, 2, 3, 4 and
Is the charm of equity markets declining? Well, as per the recent AMFI data, the net inflows to equity mutual funds have dropped to 12-month lows, and this is the fourth consecutive month of lower inflows. The April inflows are at Rs 24,269.26 crore, down over 3% from March inflow of Rs 25,082.01 crore. Himanshu
Income tax returns (ITRs) for AY 2025-26 (financial year 2024-25) finally started, with almost a two-month delay, on May 30, 2025. The Central Board of Direct Taxes (CBDT) on May 30 released two Excel-based utilities for ITR-1 and ITR-4 filers. Usually, the government makes online and offline ITR utilities available in the second or third
US President Donald Trump increased the tariffs on steel and aluminium, and the increased 50 percent tariffs would be effective from June 4. The increase in tariffs on steel and aluminium could have a major impact on Indian companies, as India exports about $4.6 billion worth of iron, steel, and aluminium products every year to
The Nifty Metal index hammered 1.6% to the 9,047.95 level on Monday after the US President Donald Trump said that he would double the import duty on steel imports, implying this Wednesday. On Friday, Trump announced to raise the tariffs on steel imports to 50%. He was addressing a rally at a US steel plant
Housing sales in India’s top 15 tier 2 cities dropped by 8% year-on-year in the first quarter of 2025, according to a report by real estate data analytics firm PropEquity. A total of 43,781 units were sold in Q1 2025 compared to 47,378 units in Q1 2024. However, despite the dip in volume, sales value
The board of beleaguered telco Vodafone Idea (Vi) has approved another round of fund raise amounting to Rs 20,000 crore, while the operator’s net loss widened sequentially in the March quarter. In an exchange filing late on Friday night, Vi informed the exchanges that subject to shareholder approval and/or other requisite regulatory/statutory approvals, the firm
