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Sold inherited property at a loss? Check how to report capital loss in ITR-2 and save future tax
Selling inherited property at a loss requires correct reporting in ITR-2. Understand capital loss calculation, carry-forward rules, documentation needs and tax filing steps to claim eligible benefits and stay compliant under the Income Tax Act.
Foreign assets from past years in AIS? Don't panic, use them as a compliance check.
The AIS now displays foreign assets and income for CY2022-24. But taxpayers should use it to verify past disclosuresnot report the same information again in this year's income tax return.
Multi-cap mutual funds continued to attract strong investor inflows in June 2026, even as returns varied widely across schemes. While most funds delivered positive one-year returns, only four ended in the red in the last one year period.
Crowdfunding and tax: why good intentions alone don't guarantee exemption
Crowdfunding may be driven by compassion, but that doesn't automatically make the money tax-free. Here's what the law says, why the rules remain unclear, and how to avoid future tax disputes.
Made a mistake in filing income tax return? Here's how to discard it before verification
The Income Tax Department allows taxpayers to discard an Income Tax Return (ITR) and file a fresh one if they spot mistakes before verification. However, if the fresh return is filed after the due date, it will be treated as a belated return.
ITR verification deadline: 5 easy ways to e-verify before your income tax return becomes invalid
Income tax return filing is incomplete without e-verification. Here are five quick ways to verify your ITR within 30 days, avoid your return being treated as invalid and ensure faster processing and tax refunds before the filing deadline.
Gold and silver prices today, 22 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
CKYC number explained: How this 14-digit ID eases opening bank and financial accounts
CKYC number is a 14-digit identifier that simplifies KYC verification for banks and financial institutions. Here's how CKYC works, its benefits, ways to find your number and why it helps make financial transactions faster and safer.
Ignoring a crypto tax notice can lead to reassessment, penalties or even prosecution in some cases. Timely reconciliation of records and responding within the prescribed deadline can help investors avoid unnecessary tax disputes.
NaBFID zero-coupon bonds explained: Investment size, returns, maturity, tax rules to know
NaBFIDs 20,000 crore zero-coupon bonds offer investors a 10-year fixed-income option with no regular interest payouts. Here are the issue price, maturity value, expected returns, taxation rules and key factors to consider before investing in these infrastructure-focused bonds.
Sebi simplifies certification rules for SIF distributors
Sebi has eased certification rules for Specialized Investment Fund distributors. A new certification allows selling both mutual funds and SIFs. This new NISM Series V-D certification is now required for SIF distributors. Those holding this certification can distribute both product types. Existing mutual fund-only distributors retain their NISM Series V-A requirement.
8th Pay Commission talks gain momentum as fitment factor hinges on fiscal realities
8th Pay Commission: Fitment factor remains the biggest concern for central government employees and pensioners. Final recommendations are expected by mid-2027, and fiscal sustainability will influence revisions to salaries and pensions.
Sebi unveils simpler rules for mutual fund transmission claims
Mutual fund unit transmission is now simpler for nominees and joint holders. Asset management companies will rely on the latest address with valid documents. A harmonised framework addresses name and signature mismatches effectively. Surviving joint holders or nominees submit a death certificate and bank details. The process is completed within five to fifteen working days.
Income-tax return: Here's a checklist of required documents for smooth ITR filing process
Filing your income tax returns (ITR) can be a tough task for first-time taxpayers and salaried individuals alike. Here's a checklist of essential documents you'll need to make the process smooth and hassle-free.
The Employees' Provident Fund offers a secure retirement savings option for Indian salaried individuals offering an 8.25% interest rate for FY26. Here's how EPF subscribers can retrieve their UAN via the EPFO portal or Umang app.
Only four of the 23 value mutual funds delivered double-digit returns over the past year, while nine schemes posted losses. Experts explain why the numbers don't tell the full story and what investors should look for instead.
The 8th Pay Commission is in discussion to recommend pay hikes and salary structure for central government employees and pensioners. Chaired by Ranjana Prakash Desai, it aims to benefit around 1 crore individuals and will submit recommendations by November 2025.
DA, DR hike: Dearness allowance for pensioners Dearness Relief calculation, eligibility explained
Dearness Allowance: A fixed percentage of pensioners' monthly pension payments is aimed at mitigating inflation. However, unlike DA in salaries for central government employees, the component is known as Dearness Relief or DR.
Newly married couples: 8 health insurance mistakes to avoid
Newly married couples should review health insurance plans, assess coverage needs and plan for maternity benefits. This guide highlights common mistakes, including relying only on employer cover and overlooking parents healthcare needs, to help couples make smarter financial decisions.
Retired PSU employee faces 2 lakh tax demand over Form 16 omission; ITAT Pune grants relief
A retired PSU employee successfully challenged a 2 lakh tax demand after ITAT Pune ruled that a leave encashment exemption cannot be denied because it was omitted from Form 16. The Tribunal held that statutory tax benefits are determined by law and not by how the employer reports them.
ITR Filing 2026: CBDT upgrades income tax portal before July 31 deadline, Key changes explained
The Finance Ministry has told Parliament that the Income Tax Department has strengthened the e-filing portal to handle peak traffic during the return filing season, with infrastructure capable of processing up to 1 crore ITRs a day.
Can cooperative insurance become Indias next financial inclusion story?
The proposed national cooperative life insurer is about more than adding another playerit could shift India's insurance journey from expanding access to building financial resilience.
Cable and DTH charges to rise 4-6 times? PIB Fact Check reveals the truth
PIB Fact Check has dismissed viral claims that the Centre's draft Telecom Rules, 2026 will shut down TVs or raise cable and DTH charges by four to six times. It clarified that the draft rules contain no fee hike provision and are currently open for public consultation.
SGB 2019-20 Series VIII redemption opens today: Check payout, eligibility and tax rules
RBI has opened premature redemption for SGB 2019-20 Series VIII at 14,170 per unit from July 21. Before opting for an early exit, investors should understand the eligibility conditions, redemption process and the capital gains tax rules under the Income-tax Act, 2025.
GIFT City investments and Schedule FA reporting: why taxpayers are seeking greater clarity
As GIFT City opens global investment opportunities for Indian residents, a key tax question remains unresolved: Do investments in IFSC funds qualify as foreign assets for Schedule FA reporting?
EPS-95 pension hike: Will Centre raise minimum pension from 1,000 to 7,500?
EPS-95 pensioners demand for a hike in the minimum pension from 1,000 to 7,500 per month remains unresolved. The Minister of State for Labour and Employment acknowledged that, though several stakeholders have sought a pension hike, no decision has been made on the matter yet.
New labour code: Salary must be paid by 7th of next month. What employees should know
The Code on Wages, 2019 prescribes when employers must pay salaries and settle final dues after an employee leaves a job. Here's what the law says about salary payment timelines, delayed wages and employee rights.
LTCG and STCG: Key tax rules for equity shares and mutual fund investors in FY 2025-26
The government has ruled out changes to equity LTCG tax for now. Investors should understand STCG and LTCG rules, holding periods, tax rates, SIP taxation and redemption strategies to manage equity investments better.
Old Pension Scheme: Centre allows select government employees to opt for OPS. Who is eligible?
The Centre has clarified that eligible compassionate ground appointees who applied before January 1, 2004, but joined service later, can opt for the Old Pension Scheme. The benefit is limited to a specific category of employees and does not extend to all NPS subscribers.
Fast approval, less paperwork: How AI is changing the loan game
Account Aggregators are giving lenders a richer picture of borrowersand potentially faster, cheaper loans. But the data trail can become harder to see once it reaches the lender.
NHAI has introduced Digital Local Pass and the MargMitra Help Centre on the RajmargYatra app. Commuters can now buy Local Passes online without visiting toll plazas, while MargMitra offers FASTag support, complaint tracking and other highway services in 22 Indian languages.
Gold and silver prices today, 21 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.
Reported VRS payment as salary in ITR? Pune ITAT grants tax relief in 65.21 lakh case
Pune ITAT has ruled that a 65.21 lakh payment received under a voluntary retirement scheme was a non-taxable capital receipt and not taxable salary or income from other sources. The tribunal also held that an incorrect claim in the ITR cannot override the true legal nature of the receipt.
Received an income tax notice? Verify authenticity before responding to protect against scams
Taxpayers should always verify an Income Tax notice before responding. Using the PAN or Document Identification Number (DIN) on the official e-filing portal helps identify genuine notices, avoid scams, protect personal information and ensure timely compliance.
16,649 crore unclaimed in LIC and inactive EPF accounts: What Centre's latest update means for you
Over 16,649 crore lying in old LIC policies or inactive EPF accounts, says the Centre. Recovering dues requires checking past insurance, provident fund records, updating KYC and contact details, and responding to official reminders.
The 8th Pay Commission is reviewing NPS and UPS benefits under its mandate, while employee unions continue to demand the restoration of the Old Pension Scheme. Here is how the Gazette notification differs from employees' key pension demands.
Trying to time the market? Missing the best trading days can dent returns
Staying invested throughout market cycles yields the highest returns for investors. Missing just fifty strong trading days drastically reduces Nifty 50 returns to 0.89 percent. Missing thirty best trading days improved returns to 4.59 percent for the Nifty 50. Missing ten best trading days boosted Nifty 50 returns to 9.67 percent. Market timing requires two correct decisions, which is difficult for investors.
Did F&O or intraday trading last year? Your ITR filing due date isn't July 31
In India, intraday and F&O trading profits are taxed differently. Intraday trading is speculative business income, while F&O is non-speculative. Taxpayers must file ITR-3 or ITR-4 depending on specific conditions. Here are the deadlines.
Aadhaar app crosses 4 crore downloads: Full list of services available on the new app
The new Aadhaar app achieved 40 million downloads so far. The redesigned app replaces mAadhaar aap and offers a wide range of Aadhaar-related services. Full list here.
Buying gold? This simple COMEX calculation can tell if you are being overcharged
By converting international gold prices into Indian rates, you can find the actual gold cost in India and better understand whether your jewellery bill reflects a reasonable price.
Balanced advantage funds can have vastly different portfolio structures despite belonging to the same SEBI category. Variations in equity, debt and cash can lead to distinct risk profiles and return outcomes, making portfolio composition an important factor to evaluate.
EPS rules explained: Eligibility, withdrawal and pension
Confused about the Employees' Pension Scheme and its rules? This guide breaks down complex aspects, including contribution methods, eligibility, and pension calculations. With increasing cases of claim rejections, being informed is key.
Switching jobs during a financial year can leave salaried employees with an unexpected tax liability even if both employers deducted TDS correctly. The gap arises because TDS is calculated employer-wise, while final tax is based on total annual income. Form 12B can help avoid this mismatch.
How to lock and unlock your fingerprints and iris using new Aadhaar App
The Aadhaar biometric lock/unlock feature has gained significant adoption, with residents using it more than 1.91 crore times, according to MeitY. This security feature allows Aadhaar holders to prevent unauthorized biometric authentication using their fingerprints, iris and face data.
The NRI guilt trap: why high salaries abroad don't always create wealth
Many NRIs earn in dollars but struggle to build wealth as family obligations, emotional guilt and social expectations drain savings and delay financial independence.
The coaching race is costing parents lakhs. Here's how to plan
Parents are spending 2-4 lakh on coaching before college admissions. With education inflation at 10-12%, experts warn against dipping into retirement savings or taking on debt.
PIB Fact Check has again debunked a viral WhatsApp message, first flagged in January, claiming the Government is accepting applications for free laptops under the National Student Laptop Scheme 2026. It reiterated that no such scheme exists.
EPFO has introduced automatic PF transfers for eligible members, simplifying the job-switch process. Here are the key things to check before your balance is moved to the new account.
Income-tax returns: Today, we take a look at what taxpayers should do if they receive a notice from the I-T department. Individuals can use this stepwise guide to ensure they are following the proper process.
Forming a Hindu Undivided Family (HUF) can help taxpayers manage taxes efficiently as it is a separate taxable entity under income tax law, however a family must understand how it works first. Here's what experts say.
Gifting to your NRI child? Know the tax treatment of NRE deposits
Gifts from parents to NRI children are tax-free, while interest earned on NRE accounts and deposits is fully exempt from income tax for FEMA non-residents, unlike taxable NRO interest.
EPFO: Here's how to update your KYC information online using the official portal Stepwise guide
EPFO: Aadhaar linking and KYC updating is mandatory to avail several EPF services. Today, we check how EPF subscribers can update their KYC information online for their account using the retirement body's official portal.
Cody Berman, author of 'Retire by 30', used house hacking to achieve financial independence by investing in real estate. By renting part of his home, he reduced his housing costs and generated passive income.
ITR filing 2026: Secondary address field is now mandatory here's how it can help taxpayers
The income tax department has mandated a secondary address field in all ITR forms for AY 2026-27, requiring additional communication details from taxpayers. Here's how it can help taxpayers.
Dearness Allowance is the component of the basic salary periodically adjusted to counter increased cost-of-living due to inflation. Here's what we know about state governments' discussions on DA hikes. a
Don't miss this tax benefit: How car buyers can claim a minimum 10,000 refund
Car buyers may be eligible for an income tax refund due to 1% TCS collected on vehicle purchases exceeding 10 lakh. This amount can be lower you tax liability or get you a refund if their tax payable is less than the TCS paid. Details here.
TDS Return Filing 2026: Q1 Due on July 31, Check New Forms and Section Codes
Businesses and tax deductors must file Q1 TDS and TCS returns by July 31, 2026 using the new return forms and revised section codes under the Income-tax Act, 2025. Here's what has changed, the new forms to use, and the compliance steps to avoid filing errors.
The F&O trap inside the barracks: How army officers are losing crores chasing the next trade
Stable salaries, easy access to credit and early trading wins are drawing serving and retired defence personnel into a cycle of leveraged betsand mounting losses
Can builder's loose papers lead to an income tax notice? ITAT explains the law
A Mumbai ITAT ruling has held that the Income Tax Department cannot tax a property buyer merely because their name appears in a builder's seized cash records. The Revenue must prove an undisclosed cash payment with independent corroborative evidence before invoking Section 69A.
ITR filing 2026: When should a salaried taxpayer file ITR-2 instead of ITR-1?
Taxpayers must file accurate income tax returns using the correct ITR form to avoid being flagged for defects. The e-filing portal aids in selection. Here's when a salaried taxpayer needs to file ITR-2 instead of ITR-1.
AMFI's Mutual Funds Sahi Hai shares a list of dos and don'ts for investors to avoid online frauds
AMFIs investor education initiative Mutual Funds Sahi Hai advised investors not to share sensitive information such as OTPs, passwords, and investment details with unauthorised distributors.
On average, active equity mutual funds have generated higher annualised returns while limiting losses better than their benchmark indices. An average active small-cap fund posted the strongest outperformance among the funds have been live since 2013.
ITR Filing AY 2026-27: Don't miss any bank account while filing your tax return. Here's why
The ITR forms for AY 2026-27 require taxpayers to disclose all Indian bank accounts held during FY 2025-26, except officially dormant accounts. Accurate bank details are also essential for timely income tax refunds.
Looking to invest in debt funds for a 1-3 year horizon? Expert shares 4 categories you can consider
For a 1-3 year investment horizon, short-duration, dynamic bond, corporate bond, and banking & PSU funds are among the best debt fund categories you can consider. Unlike others, credit risk funds invest in lower-rated bonds, making them riskier.
Know Your Fund Manager | Satish Donadapati, Fund Manager, ETF, Kotak AMC
In this edition of Know Your Fund Manager, Satish Donadapati, Fund Manager ETF at Kotak AMC, shares his journey from an Army upbringing to managing passive funds. He discusses his career path, transition into portfolio management, and current responsibility of overseeing 19 ETFs and 23 Index Funds with a combined AUM of Rs 20,440 crore, while highlighting his investing philosophy.
Bank seized your property after loan default? RBI's new rules explained
The Reserve Bank of India has issued a new framework governing how banks must value, manage and sell properties acquired while recovering defaulted loans. The rules, effective October 1, 2026, also bar banks from selling such properties back to defaulting borrowers.
RBL Bank among 5 smallcap stocks bought by mutual funds in June. Check details
Mutual funds bought select small-cap stocks in June, with Acme Solar Holdings, Craftsman Automation, Pine Labs, Sterlite Technologies and RBL Bank among the top picks, according to Dolat Capital.
Government may roll out flexible pension scheme for all workers under EPFO 3.0 reforms: Report
The proposed contributory pension scheme could cover formal, unorganised, gig and higher-wage workers, with flexible withdrawals and a Target Retirement Sum approach.
ICICI Prudential AMC among top 5 midcap stocks with highest MF selling in June
Patanjali Foods, ICICI Prudential AMC, IREDA, NMDC and Oil India saw the highest net selling by mutual funds among midcap stocks in June, according to a Motilal Oswal Financial Services report.
Retirement planning: Why the rule of 1% upgrade works better than a 1% increase in SIP amount
The rule of 1% upgrade encourages investors to increase the share of their income invested by one percentage point every year. A small annual increase in the share of income invested can significantly boost long-term retirement savings.
EPF Scheme 2026: Why you must keep 25% of your PF balance before retirement
The new EPF Scheme introduces a 25% minimum balance requirement for partial withdrawals. Here's what the rule means, how eligible member balance is calculated, and when you can withdraw your full PF corpus.
SBI Mutual Fund among 6 AMCs with over Rs 7,000 crore AUM jump in June. Check details
Six AMCs saw their AUM rise by over Rs 7,000 crore in June, according to ACE MF data. SBI Mutual Fund led the pack with an increase of Rs 14,192 crore, followed by Aditya Birla Sun Life, HDFC, Invesco, Nippon India and HSBC Mutual Fund.
Mutual funds made a complete exit from 25 stocks in June. Check top 5
Mutual funds completely exited nearly 25 stocks in June, according to Prime Database. Rossell Techsys saw the largest sell-off at Rs 94.34 crore, followed by Wim Plast, Paramount Communications, GOCL Corporation and Veranda Learning Solutions.
A 25,000 monthly SIP earning an assumed 12% annual return can grow to 8.74 crore in 30 years. Check how compounding, understanding of core principles, disciplined investing and staying invested help create long-term wealth for retirement, children's education and financial independence.
The Pune ITAT has ruled that capital gains computed using the higher stamp duty value under Section 50C do not automatically deny Section 54 exemption. The tax benefit, however, is available only if the taxpayer satisfies all conditions for claiming the exemption.
An analysis by CoverSure showed that besides under-penetration of health insurance, another growing problem for many policyholders is that coverage exists but as many as 63% are unable to switch plans.
Monsoon Home Insurance: Focus on fine print, cheap premiums could cost you dearly
There are many exclusions in your home insurance policy, and the policyholder must carefully review them to avoid being caught off guard at the worst possible moment.
An ITAT ruling reinforces that salaried employees cannot be asked to pay tax twice if their employer deducts TDS but fails to deposit it. The decision strengthens taxpayer protection and serves as a timely reminder to verify TDS records before filing income tax returns.
A viral SIP myth is fooling investors. Here's why
A viral post claims SIPs delivered just 6.7% over two decades. But the calculation is flawedand the flat market it cites is precisely when SIPs quietly do their best work.
Bank holidays this week: SBI, HDFC, ICICI, PNB to remain closed for upto 3 days RBI calendar here
Bank holidays this week: Banks in India will be closed for upto three days this week, but digital platforms like UPI and banking apps will remain operational. Customers should note that in-branch services are suspended on Sundays and specific regional holidays.
PFRDA Chairman S Ramann outlined an AI roadmap to redesign the National Pension Scheme's onboarding process. He also encouraged responsible AI use for a pension advisory platform powered by the technology.
Taxpayers can now view their foreign assets and income via the AIS on the income tax e-filing portal. The AIS currently includes data for 2022-2024, with 2025 data expected by late 2026. Here's what to do if you missed disclosing them in previous ITRs.
ITR filing 2026: FD interest is taxable here's how to report it correctly
FD interest income is fully taxable but tax implications may vary based on the chosen tax regime and taxpayer age. Some deductions may also be available, based on your age and income profile. Here's all you need to know.
Income-tax returns: Check penalty for missing deadline for filing ITR Key things to know
ITR: Taxpayers must file their income-tax returns for FY26 / AY27 by 31 August this year, extended from 30 June. Here's how much penalty you can be charged and deadline for delayed ITR filing during the tax year.
Berkshire Hathaway now allocates nearly 30% of its $351 billion portfolio to Apple and Alphabet, reflecting a shift in Warren Buffett's investment strategy.
EPFO: Here's how to link your Aadhaar with UAN using the Umang app Stepwise guide
EPFO: Aadhaar linking is mandatory for several EPF services. Today, we check how EPF subscribers can link Aadhaar with their Universal Account Number (UAN) using the government's Umang mobile app.
Salary arrears and lump-sum payments can increase tax liability. Taxpayers must file Form 10E before their ITR to claim relief under Section 89 of the Income-tax Act. Here's what you need to know.
8th pay commission: Basic pay, allowances components of salary structure in focus; Here's why
Around 50 lakh central government employees and about 65 lakh retired central government pensioners, including defence personnel and retirees, will benefit from the recommendations across 18 employee levels.
About 1 crore beneficiaries close to 50 lakh central government employees and nearly 65 lakh retired central government pensioners, including defence personnel and retirees will benefit from an increase in DA and DR.
Even with a zero tax liability due to the Section 87A rebate, filing an income tax return (ITR) may be necessary. Your obligation to file depends on your total income and the tax regime you choose.
