If you file ITR-1 or ITR-4 under the old tax regime, then this write-up is very important for you. The Income Tax Department has made many new changes in the ITR forms this time, which will directly affect your tax filing. The special thing is that now just filling out the form will not be
In the first half of 2025, the Reserve Bank of India (RBI) has reduced the repo rate by 100 basis points, ensuring a significant decline in the loan rates in the banking sector. This has brought great relief, especially for home loan borrowers, because this loan is taken for a long period (20 to 30
The Income Tax Department last month extended the deadline for filing Income Tax Returns (ITR) in non-audit cases for the financial year 2024-25 to 15 September 2025. While this relief may be good news for some people, it does not mean that you wait till the last day. Today, when tax portals and documents have
The Employees Provident Fund Organisation (EPFO) has started crediting interest for the financial year 2024-25 to the accounts of its members. Although no official email or SMS has been sent by the EPFO so far, many people have received the interest amount in their PF account. The Finance Ministry recently ratified an 8.25% interest rate
In a significant relief for taxpayers who had filed income tax returns (ITRs) late but with proper condonation from the Income Tax Department, the Central Board of Direct Taxes (CBDT) has allowed processing of such returns and issuance of refunds by March 31, 2026. The tax department’s move is aimed at addressing cases where valid
ITR Filing AY 2025-26: One common question most taxpayers grapple with every year when they file their income tax return (ITR) is if they can claim both House Rent Allowance (HRA) and home loan interest deduction benefits. So, the answer is ‘yes’, it is legally possible since many taxpayers live on rent and also pay
In the wake of RBI repo rate cuts in the last around 6 months, the affordability of homes for buyers has improved across eight major cities in the country in the first half of this year, according to a report. According to Knight Frank India’s latest Affordability Index for H1 2025, housing affordability has improved
The Income Tax Department has so far released only the offline and online utilities of ITR-1 and ITR-4 to enable income tax return (ITR) filing. However, corresponding utilities for other ITR forms, including ITR 2 and 3, are yet to be made available. While the last date for filing returns has been extended to 15
The Income Tax Return (ITR) filing season is in full swing. Like every year, taxpayers while filing their ITRs grapple with issues related to forms, rules or eligibility to claim certain deductions and exemptions. Among various other issues, this time one of the major confusions among taxpayers is being seen regarding the rebate available under
IT firm, Tata Consultancy Services (TCS) plans to reduce its workforce by 2 per cent in the financial year FY26, as per media reports. The move is expected to affect around 12,200 jobs, from its total workforce of over 6.13 lakh. Jefferies believes the move could lead to short-term execution issues and a long-term spike
The country’s power regulator, CERC, has literally shaken up the power sector after it issued an order to implement market coupling from January 2026. According to the CERC order, it plans to initiate market coupling in the Day-ahead Market by February 2026. While the IEX share price has seen topsy-turvy moves as a result, it
Veteran investor and author Jim Rogers has reasserted his confidence in silver, adding that he will continue to hold gold and silver and that it would be part of his “estate for his children”, Economic Times reported. Rogers stated that he purchased more silver just last week and would continue to buy it if the price remains
Tata Consultancy Services (TCS) plans to let go around 2% of its global workforce, which translates to over 12,000 employees, by 2026. This is part of a restructuring exercise to make the company more agile and technology aligned. ALSO READTCS to lay off 2% workforce, over 12,000 mid and senior grade employees to be impacted
