Over 1.62 crore taxpayers have so far filed their income tax returns (ITRs) this assessment year (AY2025-26). The Income Tax Department website shows that as many as 1.13 crore verified ITRs have been processed by the department. Comparing this year’s data with last year’s over 9 crore ITRs, it can be said that more than
A parliamentary committee examining the new Income Tax Bill gave some important suggestions on Monday. The committee has recommended to the Finance Ministry that people who file income tax returns after the deadline should also be allowed to claim TDS refund without paying a penalty. Also, anonymous donations received by trusts with both religious and
Have you ever seen a building come up from scratch. I did see one come up from my window in the last 2 years. For almost over a year of it, all I saw was a huge crater being dug. It just kept growing. I was fed up of the noise throughout the day, but
Central government employees and pensioners across India are closely watching developments around the upcoming 8th Pay Commission, which is expected to significantly increase salaries and pensions. According to a recent report by Ambit Capital, the new pay structure could lead to a 30–34% hike in overall remuneration, impacting over 1 crore employees and retirees nationwide.
A Reddit post recently went viral in which a middle-class professional shared his 12-year career and financial journey with utmost honesty and detail. In the post, the Redditor talked about his middle-class background and how he started his career with a paltry salary of Rs 7,000 a month. Despite all the challenges, the person went
Taxpayers who have shown fake deductions in their ITRs (income tax returns), made false claims or deliberately concealed any income are warned by the Income Tax Department to correct their mistake by filing a revised ITR – ITR-U. Otherwise, they will have to face strict action, the finance ministry recently said in a circular. In
In today’s world, spending money wisely has become a rare quality as there are countless ways to splurge — from expensive cars and luxury houses to branded items and even the pressure to show off on social media. If you are someone who often spends money unnecessarily or mindlessly and wants to break this habit
A credit card is not just a plastic card these days, but a financial responsibility. When the credit card bill comes at the end of the month, many people just pay the “minimum due” and think their work is done. As easy as this option seems, it can prove to be equally dangerous if it
Income Tax Return Filing Deadline Extension AY 2025-26: The last date for Income Tax Return (ITR) filing for AY 2025-26 is September 15, 2025, with just 4 days remaining. But, as feared earlier, taxpayers are facing technical glitches while trying to file their returns on the e-filing portal of the Income Tax Department. For in-depth
The auto component industry is looking at the easing of tensions with China as a chance to strengthen partnerships and access advanced technology. China remains India’s largest source of component imports, and industry leaders said that improvement in ties could support growth in the domestic sector. “Many Indian firms have already partnered with Chinese companies
The initial public offer of Dev Accelerator Ltd received 63.97 times subscription on the final day of bidding on Friday. The three-day IPO got bids for 84,10,19,175 shares against 1,31,47,075 shares on offer, according to NSE data. Retail Individual Investors (RIIs) part garnered 164.72 times subscription. The category for non-institutional investors received 87.97 times subscription
The last date for Income Tax Return (ITR filing AY 2025-26) is now just 4 days away. This deadline will end on September 15, 2025. In such a situation, crores of taxpayers would like to see another extension in the return filing deadline. The finance ministry extended the deadline for taxpayers in May this year
JSW Group companies have been in focus. While JSW Energy boosted its renewable push with capacity addition, JSW Infra has made a brownfield rail siding acquisition. Both companies are betting on big expansion. Here are all the details- JSW Energy commissions 317 MW RE Capacity JSW Energy, a JSW Group company, announced that it has
