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As the 31 August deadline nears, taxpayers can use the Income-Tax Departments Excel Utility for ITR-5 and ITR-7 on the e-filing portal for FY26. This allows offline preparation of returns before digital submission, ensuring timely processing.
Delhi Lakshmi Yojana: Beneficiary women will get 2,500 per month under the scheme earlier known as Mahila Samriddhi Yojna. Check here for details on eligibility criteria, the monthly benefits and steps for how to apply.
Biocon to see block deals, as Viatris plans to exit
Floor price has been fixed as 378.50 a share, a discount of 7.9 per cent to current price
EPFO has automated the PF transfer process for Aadhaar-linked UAN holders when switching jobs. Here's who stands to benefit from this feature and whether it will apply if you changed jobs months or years back but never transferred your balance.
8th pay commission: We take a look at the likely revision in house rent allowance (HRA) for central government employees across level 1 to 5 in X, Y and Z category cities based on suggested fitment factor.
Mixed trend in gold ETFs over past 2 weeks, as investors keep a low profile
Renewed tensions in West Asia due to US-Iran conflict forces gold to give up gains
The income tax return due date for most taxpayers is July 31, 2026. Late filing incurs penalties and addition interest if you have unpaid taxes. Check all other consequences of missing ITR due date here.
ITR filing 2026: Is it necessary to keep physical copies of digital tax documents? Expert explains
ITR filing is now becoming increasingly paperless, but taxpayers must securely retain key digital tax documents. A tax expert explains which records to preserve, why backups matter, and how organised digital files can help during tax verification, assessments and future income tax notices.
Markets stage comeback amid global sell-off, IT earnings boost
Nifty 50 closed at 24,211.65, up just 4.75 points or 0.02%, while the BSE Sensex ended at 77,616.40, gaining 47 points or 0.06%
DA hike: What are the types of Dearness Allowances, how they are calculated explained
Dearness Allowance is a percentage of employees' pay aimed at helping households manage the increased cost of living. For calculation purposes, it is separated into two categories: industrial and variable DA.
While direct plans make up 77.7% of institutional investors' mutual fund AUM, the corresponding share for individual investors is just 30%. Experts say the gap is driven by the need for professional advice and investor behaviour.
Kalpataru posts 17% jump in collections, launches luxury Mumbai project in Q1 FY27
The companys total market capitalisation stands at approximately 5,864 crore, the stock trades at a trailing price-to-earnings multiple of 71.27, which NSE flags as exceeding 50 for four consecutive trailing quarters
Laser Power and Infra IPO fetches 38.49 times subscription so far on final day
Strong QIB demand at 92.25 times drives overall subscription amid anchor investment of 223 crore
Changed jobs? Your PF won't be transferred immediately here's what triggers the automatic transfer
Your provident fund won't move instantly after you switch jobs. EPFO's new mechanism auto-triggers transfer after your new employer's first contribution. Details here.
BNPL impact on credit score: 5 key facts every borrower should know before using buy now, pay later
A buy now, pay later facility can help build a strong credit history when used responsibly. Timely repayments, controlled borrowing, and avoiding defaults are crucial. Learn how BNPL services affect credit scores, borrowing ability, and financial health with key tips for users.
Presumptive taxation: Who should opt for it & who should avoid it? Experts explain
The presumptive taxation scheme offers a simpler way to compute taxable income, but it may not suit every taxpayer. Here's what businesses and professionals should consider before choosing it.
Bajaj Consumer Care Q1 Results: Posts record Q1 as stock hits 52-week high
EBITDA jumps 101.2% to 84.4 crore; margin expands to 24.7% from 15.8% YoY
How much EPF can you withdraw? Check it online with these simple steps.
The new rules compress a dozen complicated advance clauses into three broad categories while requiring a mandatory 25% retirement reserve.
Goldman Sachs sees Nifty at 26,500 by June 2027 on return of foreign flows and domestic recovery
Goldman Sachs expects a rotation in market leadership from growth to value stocks and from mid-cap companies to large-caps
Bought a car worth over 10 lakh? Here's how to claim your 1% TCS refund
If you have bought a car worth more than 10 lakh, you would have paid a TCS of 1% to the dealer. This is not an additional tax but a tax credit that can be adjusted against your total income tax liability or claimed as a refund while filing the ITR.
RPG Life Sciences launches Naprosyn ES, a first-in-India Naproxen-Esomeprazole combination
The product targets patients on long-term NSAID therapy who face elevated risk of gastrointestinal complications.
Filing ITR-1 this year? These new disclosure requirements could affect your return
From reporting income from two house properties to furnishing additional details for donations and rental income, the latest ITR-1 utility brings several changes. Here's what taxpayers need to know before filing.
Retirement, child education or wealth creation: Does every SIP in your portfolio have a purpose?
Every SIP should be linked to a specific financial goal, such as retirement, a child's education, buying a house, or wealth creation. The expert suggested that the number of funds you own or their recent returns matter less than whether each SIP is aligned with a clear financial objective.
Income Tax Act 2025 simplifies presumptive taxbut one change could hurt taxpayers
The new Income Tax Act largely simplifies presumptive taxation rules, but one change could restrict taxpayers from setting off certain losses against presumptive income.
RBI new ombudsman rules: Here's why you should act quickly
The new framework empowers the ombudsman to issue interim, non-binding advisories to the regulated entity, requiring it to take action for full or partial resolution to enable quicker settlement.
ICICI Prudential Large Cap Fund portfolio: 3 new stocks added, GAIL among 4 exits in June
India's largest large cap mutual fund shuffled its portfolio in June by adding three stocks and exiting four. Tata Steel saw the biggest increase in holdings, while GAIL featured among the complete exits.
DMart shares fall over 4% after Q1 earnings
The company reported a 12.8% y-o-y rise in standalone profit after tax (PAT) to 936 crore for the quarter ended June 30, 2026
Magellanic Cloud arm wins 6.93-crore CCTV surveillance contract from South Central Railway
The project, to be completed within 12 months, includes AI-enabled video management infrastructure, networking, optical fibre, NVRs and related systems
LTM shares jump over 9% in a week; brokerages split as Q1 growth signals improve
The stock has gained 5.81 per cent over the past month and 9.13 per cent over the past week, though it remains down 33.44 per cent year-to-date and 21.86 per cent over one year
Q1 Results Today, July 13, 2026, Live Updates: Follow businessline's Q1 updates here
India-UK social security pact: How EPF savings will benefit Indian professionals working in the UK
From 15 July, the India-UK Double Contribution Convention Agreement will allow eligible Indian professionals on temporary UK assignments to continue building EPF savings in India instead of paying towards UK social security contributions.
Gold slides over 1% as oil surges on Strait of Hormuz closure fears
Spot gold dropped 1.5% to $4,059.11 per ounce
EPF interest 2025-26: Why your PF earns interest every month but gets credited once a year
While EPFO calculates interest on your provident fund every month, it credits the accumulated amount only after the end of the financial year.
Rupee feels the heat of escalating West Asia war; opens 39 paise weaker
The Indian currency opened at 95.72 per US Dollar against the previous close of 95.33. Currently, it is trading at 95.75
Gold and silver prices today, 13 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, along with other important geopolitical updates.
Sensex, Nifty slide at open as Iran strikes rattle sentiment; IT stocks buck trend
Against the weak broader trend, information technology stocks emerged as the standout outperformers at the open
Annapurna Yojana: West Bengal may allow rejected applicants to edit forms instead of reapplying
West Bengal may soon allow corrections for 27.8 lakh rejected Annapurna Yojana applications. The proposed edit facility will help applicants fix Aadhaar, mobile and data errors, resubmit forms and improve chances of receiving welfare benefits under the state scheme.
Rupee braces for pressure with oil taking centre-stage on US-Iran flare up
Rupee traded in a 94.96-95.60 range last week, largely mirroring moves in crude oil,
Nifty may open 200 points lower as Iran tensions hit sentiment
Focus will be on results, FPI activity
The 8th Pay Commission is about much more than a salary hike. From allowances and pensions to performance incentives and gratuity, these five key Gazette provisions could reshape the pay and retirement benefits of Central government employees. Check the complete details, including FAQs.
Sensex today | Stock Market Live: Stock to buy today: Piramal Pharma
Sensex, Nifty, Share Prices LIVE: The stock of Piramal Pharma has been in an uptrend after it found support at 132 in March. While there was some correction in May and June, the broader picture remains positive. The chart shows that the stock has formed a higher low at 158 compared to the support at 132.
Stocks across infrastructure, energy, defence, pharmaceuticals, hospitality and manufacturing are expected to attract investor attention on Monday following a series of corporate announcements and regulatory filings
Reporting capital gains on equity and debt MFs? Here's a step-by-step guide
While most of the changes to capital gains taxation were implemented in FY24-25 or AY25-26, taxpayers filing returns this year for AY26-27 still need to navigate a detailed reporting framework, particularly for equity transactions.
Families can save on school fees through tax exemptions for education and hostel allowances from employers. Tuition fees may also also qualify for deductions under Section 80C. Here's everything you need to know about these tax benefits.
Income-tax returns: The I-T department has released excel utility of its ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam) forms for AY27. Today we lay out the numbers and key things to know for senior and super senior citizens looking to file their returns.
A Bengaluru homebuyer has been waiting over six years for promised amenities after paying 40 lakh for an apartment. He approached Karnataka RERA for relief and partly won the case. Here's what you can do if it happens to you.
The EPFO member portal now allows salaried employees to transfer their EPF balance from previous employers to current ones more easily, aiming to reduce paperwork. Here's how the process works and what all you need to know.
DA hike: Amid expectations that the Indian government will announce dearness allowance increase in July 2026. we take a look at the trend of past DA hike announcements during the 7th central pay commission.
ITR filing 2026: If your income exceeds 1 crore, this disclosure is mandatory
Taxpayers earning over 1 crore must file additional disclosures about assets and liabilities under Schedule AL when submitting their income tax returns. Details here.
Pension rules: Orissa HC says government employees can't lose pension over leave alone
The Orissa High Court has ruled that unauthorised absence from work, by itself, is not grave misconduct that justifies compulsory retirement or denial of pension. The court restored a railway employee's retirement benefits after finding the punishment disproportionate.
The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.
The Employees' Provident Fund Organisation (EPFO) has this month migrated entire member database to the Centralised IT Enabled Services (CITES) project. The overhaul of its digital infrastructure aims to make services faster, transparent and more citizen centric.
Gifts from family can be tax-exempt, but not always. Tax treatment varies based on the giver, value, and occasion. Here's when a gift is tax-free when it becomes taxable.
Quant Small Cap Fund portfolio: Reliance Industries among 9 stock exits, 5 new additions in June
Quant Small Cap added five new stocks to its portfolio in June while making complete exits from nine companies, including Reliance Industries. The fund also sharply increased holdings in RBL Bank, Sona BLW Precision Forgings and Anand Rathi Wealth while trimming exposure to several existing stocks.
Gold, silver may stay under pressure as US-Iran tensions, inflation data hold key: Analysts
Analysts said any further escalation in the conflict could drive crude oil prices higher, revive inflation concerns and strengthen safe-haven assets such as the US dollar and Treasury yields, limiting the upside for precious metals
The Income Tax e-filing portal helps taxpayers identify the correct ITR form through eligibility conditions and a guided questionnaire. Users can also determine applicable schedules, making the return filing process simpler.
Only one international mutual fund remains open for fresh SIPs after 11 schemes shut doors
Fresh SIP registrations into international mutual funds have nearly come to a halt after PGIM, Franklin Templeton and Edelweiss suspended new inflows into 11 schemes. Existing SIPs, however, will continue uninterrupted.
Earning 13 lakhs? Old vs new tax regime comparison shows which saves more tax
The new tax regime may be a better choice for salaried employees earning around 13 lakh a year. Here's how much tax you pay under each regime and the savings you can make.
EPFO has introduced the Amnesty Scheme, 2026, giving employers operating exempted Provident Fund (PF) trusts a one-time opportunity to regularise their legal status.
A couple faced pressure to buy a house but learned that renting may be financially wiser. With the rent yielding only 2-3% annually on a 1.5 crore flat, they debated the benefits of down payments versus investments, concluding that homeownership should not be driven by social expectations.
EPF Scheme 2026: Lost your job? Full PF withdrawal now allowed only after 12 months
The new EPF Scheme, 2026 replaces the decades-old 1952 scheme and changes how provident fund withdrawals work after unemployment. Members can now access only 75% of their PF balance immediately after losing a job.
Gold, silver prices today, 12 July: Check retail rates of 24K, 22K gold, 18K and 999 fine silver after recent escalation of fighting between the US and Iran.
39.96 lakh BSNL VRS payout gets full tax exemption from ITAT; here's what the ruling means
A retired BSNL employee won full tax relief on a 39.96 lakh VRS payout after the ITAT ruled it was retrenchment compensation. The tribunal said the benefit under Section 10(10B) applies based on the specific facts of the BSNL VRS-2019 scheme.
How to read AIS and why is it key to filing ITR
AIS has become the default starting point for filing ITR, but experts warn it's riddled with gaps making independent reconciliation essential.
Recent AMFI data reveals retail investors exhibit strong participation that despite market volatility SIP contributions rose 7.5% to 32,087 crore in March. We asked experts what is driving optimism among small investors and confidence in SIPs. Here's what they said
REITs and InvITs AUM to double to 20 trillion by 2030: Should you invest in them?
The regulatory framework for REITs and InvITs has improved a lot. As a result, mutual funds have increased their exposure to them. Going ahead, with the listing of new REITs and InvITs in existing and new sectors, investors will have a wide variety of options to choose from.
Want to switch jobs and keep your current insurance plan? Here is what you can do to convert your employer group health policy into an individual or family coverage plan. Check eligibility, steps, rules
Reporting errors, not evasion, spark most tax litigations, say experts
The most avoidable source of tax litigation between individual taxpayers and the department is disputes over classification and disclosurespecifically, mismatches between how taxpayers report income or investments and how the department interprets them.
Home loan EMI: Why paying more than 30% of income could hurt your financial freedom
A high home loan EMI can strain monthly finances and delay wealth creation. Experts recommend keeping EMIs within 25-30% of monthly income to maintain savings, investments and financial security while managing homeownership comfortably and preparing for unexpected expenses.
Bank holiday next week: SBI, HDFC, others closed for 4 days between 13 to 19 July; check here
Private and public banks in India will be closed for four days from July 13 to 19, 2026, due to various holidays. Customers should check the RBI's holiday calendar and can still access online banking services during this period.
With the new EPF rules and Labour Codes redefining contributions by employees and employers towards provident fund, we asked experts to explain how this impacts your monthly investment in the financial instrument. Here's what they said
Income Tax Return filing has become more than a tax obligation. A timely and accurate ITR strengthens your financial identity, improves loan eligibility, supports visa applications, speeds up refunds and builds long-term financial credibility with lenders, insurers and financial institutions.
Chose the new tax regime? Here are 5 ways to reduce your tax while filing ITR for AY 2026-27
The new tax regime features lower rates with fewer deductions, leading many salaried taxpayers to think they can't reduce tax liabilities. However, there are tax-saving provisions available. Here are five ways to lower your tax outgo.
NPS exit rules explained: How the Retirement Income Scheme and drawdown options work
The PFRDAs latest initiative aims to provide NPS subscribers with more flexible periodic payouts during the decumulation phase while continuing to support corpus appreciation through the RIS. While the subscriber gets periodic payments, the remaining corpus stays invested and continues to grow.
8th pay commission: Here's how union representatives, employees, pensioners, government departments and stakeholders can submit data to the 8th pay commission (CPC). Today, we take you through the full step-by-step process.
SK Hynix shares surged 12.8% on Wall Street debut, raising $26.5 billion in the largest U.S. share sale by a foreign company. SK Hynix dominates the high bandwidth memory market and has partnered with Nvidia, capitalizing on the expanding AI sector.
After SpaceX's IPO valuation surpassed $2 trillion, investors eye OpenAI as the next major IPO. CEO Sam Altman won't consider going public below $1 trillion, raising questions on whether OpenAI can match SpaceX's investment return despite their differing business models.
Term insurance serves as a fundamental part of financial planning, providing affordable life coverage. It's essential to determine how long coverage is needed based on financial responsibilities and existing assets before purchasing a policy.
Dearness Allowance: From DA hike to restoration of Old Pension Scheme, pension revision, gratuity, minimum wage and more Check the demands made by Joint Coordination Committee of Punjab Government Employees and Pensioners.
Capital gains tax on property sale: ITAT allows home loan interest as cost of acquisition
A Bengaluru ITAT ruling has clarified which expenses can be included in the cost of acquisition while computing capital gains tax on a property sale. The order allows home loan interest and maintenance deposits but requires verification of travel expenses.
HDFC Flexi Cap Fund portfolio: 4 new stocks added in June; see the biggest buys and sells
HDFC Flexi Cap Fund made a series of portfolio changes in June, introducing four new stocks, increasing holdings in 18 companies and trimming stakes in 25 others. It also made a complete exit from Ramco Cements during the month.
Think EPF is completely tax-free? Here's what employees should know
Job switches, career breaks and early withdrawals can all affect the tax treatment of your EPF corpus. Here's a breakdown of the key rules employees should know.
Retail investors pumped more money into mid-cap and small-cap funds than flexi-cap funds in June for the first time since Dec 2023. Experts say improving earnings visibility, stronger returns and attractive valuations drove the shift, while cautioning against reading too much into one month's data.
Income Tax Department releases ITR-7 Excel utility for AY 2026-27; check who can use it
The Income Tax Department has released the ITR-7 Excel utility for AY 2026-27, enabling eligible entities to prepare returns offline and upload them through the e-filing portal. Here's who can use the form, how the process works and the applicable deadlines.
Health insurance checklist: Key policy terms to watch out for before hospital admission
Many policyholders get nasty surprises during hospitalisation. This is mainly due to several limitations buried in the policy terms and conditions, resulting in high out-of-pocket expenses.
Wealth management for new parents: Expert explains 5 money moves to secure your child's future
New parents can strengthen their child's financial future through term insurance, health cover, emergency savings and SIP investments. Early investing helps build a 1.2 crore education corpus while protecting the family from unexpected financial risks and rising education costs.
Lost track of an old PF account? EPFO's new Service History feature can help, here's how
EPFO's new Service History feature lets members view their complete employment and PF records in one place. The update can help subscribers identify missing service records and trace old PF accounts before filing claims.
Govts hub-and-spoke model for international travel: How will it help airline passengers?
The governments hub-and-spoke model will allow airline passengers to check in baggage and complete customs and immigration formalities at spoke city airport (Tier-II and -III cities), and take onward flight from the hub city airport (Delhi or other major cities) to international locations.
Public and private banks across India will remain closed today, 11 July, for the second Saturday holiday. Bank operations will remain suspended nationwide, but online banking services will remain accessible for transactions.
The Karnataka High Court has requested the Union government to respond to a petition challenging tax exemptions for gifts between spouses, which currently excludes same-sex couples. Details here.
