Question: I am a trader dealing in steel products, and due to business-related challenges, I was unable to file my return of income for the Assessment Year 2024-25 before 31st July 2024. Please note that there is no tax audit applicability in my case. Is there a provision to file the return subsequently? Additionally, kindly
The Ministry of Health and Family Welfare (MoHFW), Government of India, was asked by a Member of Parliament whether the government has any proposal to increase the monthly medical allowance for pensioners not availing CGHS facilities, and if so, to provide the details. T R Baalu asked whether the government plans to increase the monthly
By Tina Edwin The Employees’ Provident Fund Organisation (EPFO) has seen a dip in new enrolments and thereby, total contributions, in recent months. Tina Edwin looks at the reasons behind this and whether changes in tax norms and better response to the National Pension System have played a role in the drop EPFO enrolment trends
Pradhan Mantri Awas Yojana: The Narendra Modi government announced the Pradhan Mantri Awas Yojana-Urban (PMAY) 2.0, a housing-for-all scheme, in the Union Budget 2024-25. Under PMAY 2.0, financial assistance will be provided to 1 crore urban poor and middle-class families through states or union territories (UTs) to construct, purchase or rent a house at an
The Union Labour Ministry has issued clarifications regarding minimum pension eligibility for members under various circumstances, as well as the conditions under which a pensioner becomes entitled to a pension under EPS 95. Minister of State for Labour and Employment, Shobha Karandlaje, clarified the eligibility criteria for EPS 95 pensions in the Lok Sabha. Members
The National Automated Clearing House (NACH) system is a popular mode of automated payments in India. It handles recurring payments like loan EMIs, utility bills, or subscription fees. However, if a NACH payment fails, the consequences can be inconvenient and financially burdensome too. Here’s what happens when your NACH payment fails and what you should
CoinSwitch, India’s largest crypto trading platform, has released its third annual investor report, India’s Crypto Portfolio 2024: How India Invests. The report provides a deep dive into India’s growing crypto ecosystem, focusing on city-wise investment trends and demographic insights that are driving the adoption of digital assets. City-Wise Investment Trends Delhi-NCR continues to lead the
Encouraged by the relatively high returns for Employees’ Provident Fund Organisation (EPFO) from equity investments since 2015, the government is looking to hike the retirement fund body’s exposure to the segment significantly. The higher equity exposure – roughly 9.5% of the EPF investible surplus is currently invested in specified exchange-traded funds (ETFs) – is being
Luxury sells. And, the capital leads in lapping it up. With this month’s landmark deal of a flat in Gurugram’s DLF Camellias for Rs 190 crore, luxury real estate in Delhi-NCR is on a new high. Among the top seven cities in India, Delhi-NCR stood out with a remarkable 64% share of luxury residential launches
The GST Council on December 21 again deferred a decision to exempt and cut taxes on health and life insurance premiums. The reason for this is that the ministers’ panel needs more time to reach a consensus on the matter. “Some members said more discussions required. We (GoM) will meet in January again,” Bihar Deputy
By Farooq Wani A commitment to giving back to society with a charitable and compassionate spirit has been at the core of the business model adopted and followed by the Delhi-based Hamdard Laboratories India during its 118 years of existence. Hamdard originates from two Persian words – “Hum”, meaning “companion”, and “Dard” meaning “pain” –
8th Pay Commission: With the Centre ruling out any proposal to set up the 8th Central Pay Commission anytime soon, over 1 crore central government employees and pensioners have expressed their displeasure over the delay in announcing the next pay commission, which, according to them, should start its term from January 1, 2026. Amid this
Signature Global has emerged as the market leader in the Dwarka Expressway region, as per a recent report by Square Yards which pegs the total annual residential new supply along Dwarka Expressway at 10,000 units per annum since 2020, compared to 5,000–7,000 new units launched per annum in the pre-pandemic period. According to Square Yards
