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Section 10(14)(i) of the Income Tax Act offers exemptions on specific salary allowances, but only for genuine official expenses. Understand eligibility rules, documentation requirements, common mistakes and practical tips to claim tax benefits correctly while avoiding interest and penalties.
Why Dabur shares fell 2% despite strong Q1 numbers
Dabur reported consolidated revenue of 3,764 crore for Q1 FY27, up 10.6 per cent year-on-year
Many salaried taxpayers assume ITR-1 is the correct form, but additional income or a job change could require a different return. Experts explain the key checks to complete before filing your income tax return.
Received an income tax notice under Section 139(9)? Here's what it means and what to do
A Section 139(9) defective return notice and other income tax notices require timely action to avoid compliance issues. Experts explain how taxpayers should respond to Sections 139(9), 143(1), 142(1) and 148 notices, helping protect tax benefits and prevent unnecessary complications.
Section 10 of the Income-tax Act: Misusing these provisions to save tax may result in a 200% penalty
With the ITR deadline approaching, Section 10(14)(i) offers tax-saving potential for salaried employees. However, misuse can lead to scrutiny and hefty penalties. Experts explain eligibility, rules and consequences of false claims.
Nifty trades flat in narrow band; IT leads, banks drag
Banking stocks continued to underperform the broader market, with ICICI Bank and Axis Bank among the top drags.
Veritas Finance refiles IPO papers; eyes 900 cr via fresh issue
The proposed IPO also includes an Offer for Sale (OFS) of up to 1.28 crore equity shares by existing shareholders
ICICI Prudential MF buys stake in Go Digit General Insurance for 139 crore
The block deal comes as Peak XV continues trimming its investment in the insurer, while Go Digit shares gained over 1%.
Todays Gold Rate in India July 30: Gold prices up in Delhi, Mumbai, Kolkata, Bengaluru, Ahmedabad
22, 24 carat Gold prices up across Indian cities on July 3
Indias gold demand falls 6% as volatile prices turn away consumers
However, demand for gold is still high in value terms, which actually means consumers are buying gold as per their budget, says Sachin Jain, Regional CEO-India, World Gold Council
Tracking error explained: What every passive investor should know
Passive funds aim to mirror benchmark returns, but market frictions create gaps. Here's how tracking error differs from tracking difference, why it occurs, and what investors should watch.
Non-Resident External (NRE) fixed deposit rates from DCB Bank, YES Bank, RBL and other banks offer NRIs returns of up to 7.50%. Compare interest rates, tax benefits, repatriation rules and key factors before investing in Indian NRE term deposits.
What is ITR-BN? CBDT notifies new income tax return form; check eligibility and filing details
The CBDT has introduced the ITR-BN form for block assessments from search and seizure cases. Effective from April 1, 2026, it applies only to taxpayers receiving such notices, aiming to streamline reporting of undisclosed income. Details here.
Why personal accident insurance can't replace term insurance
A cheap personal accident policy may seem like a smarter buy than term insurance in your 20s. But the two protect against different risksand one cannot replace the other.
Gold holds modest gain after Federal Reserve keeps rates steady
Traders pushed down yields on the most short-term Treasuries, a reflection of how they rapidly scaled back bets on immediate rate hikes, and pushed out their forecasts for an increase to later in the year
Bond SIPs: convenience, higher yields, and hidden risks
Bond SIPs make investing in direct bonds easier through automated monthly purchases. But they don't eliminate credit risk. Here's what investors should know.
Arbitrage funds have emerged as the best-performing hybrid mutual fund category in 2026 so far, outperforming their peers amid volatile equity markets. Here's why the category is leading and the schemes that have delivered the highest returns over one and three years.
Indo-MIM Listing Today: Shares list at 45% premium over IPO price
Robust institutional participation and strong IPO demand powered the companys impressive debut, with analysts expecting near-term volatility after sharp gains.
Waaree Energies shares fall over 6% despite 850 crore Q1 profit
Domestic brokerage JM Financial said the companys first-quarter performance was an all-round miss. The brokerage said revenue stood at 79 billion, including one-off revenue of 3.5 billion.
Rupee Rises 13 Paise to 95.63 Against US Dollar in Early Trade
Domestic equities and foreign fund inflows support the rupee, while a stronger dollar limits gains.
ITR due date extension 2026 LIVE: Who must file tax return even if their income is not taxable?
ITR Due Date Extension 2026 LIVE: The due date to file ITR is tomorrow. The government extended the deadline last year due to technical glitches, but a similar relief is unlikely this time, experts have repeatedly warned.
A Reddit user shared that their mother sold inherited property for 50 lakh in cash to a builder, lacking a banking trail. Experts warn of possible penalties and explain ITR filing rules.
Nifty opens flat amid Fed split, crude surge and US-Iran flare-up
The muted opening followed a sharp overnight sell-off on Wall Street, where the Dow Jones Industrial Average shed 2.2 per cent and the Nasdaq fell 1.7 per cent
Gold and silver prices today, 30 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.
Q1 Results Today, 30th July 2026 Live Updates: Stay tuned for more from businessline
Over 5 crore ITRs have been filed for AY 2026-27. Filing your return by 31 July can help build a consistent tax compliance record, which may support future home loan applications and help lenders assess income stability and repayment capacity.
The Centre has clarified that the 8th Pay Commission is not required to keep the government informed about its deliberations, including proposals on the fitment factor. It also declined to comment on employee demands, saying the Commission will determine its own procedure.
Indian stocks set for flat opening amid global headwinds
A stable rupee, easing volatility and sustained FPI inflows could help cushion domestic equities against mounting global uncertainties.
With the July 31 ITR filing deadline approaching, the Income Tax Department says over 5 crore returns have already been filed for AY 2026-27. Here's who should file ITR-1, who needs ITR-2, and why you shouldn't wait until the last minute.
The 8th Pay Commission may consider higher annual increments for central government employees as proposed by several prominent unions. A 5% increment scenario shows Level 1 basic pay rising from 18,000 per month to around 24,200 per month in five years.
Sensex today | Stock Market Live: Stock to buy today: Signatureglobal (India)
Sensex, Nifty, Stock Price Live Updates: The stock of Signatureglobal (India), which has been on a long-term downtrend, has started showing signs of a recovery. The price action since April shows that the stock has formed higher bases, and it also indicates that the bears have lost momentum. While it is too early to call it a bullish trend reversal, we forecast the near-term outlook to be positive.
ITR filing deadline: Can freelancers declare earnings as business income? Tax experts explain
Freelance income cannot always be reported as business income in ITR filings. Here is when earnings qualify as business income, salary, or other sources; common filing mistakes; presumptive taxation rules; and expert tips to avoid tax notices and ensure compliance before the 31 July deadline.
ITR filing 2026: Why 31 July is not the deadline for all salaried taxpayers and who gets more time
The 31 July ITR filing deadline may not apply to all salaried taxpayers. The applicable due date depends on the taxpayers overall income profile, ITR form, and audit requirements. Those with business or professional income may get additional time.
Large & mid-cap funds have historically delivered a balance between returns and volatility. Over the past 5 years, the benchmark index gave 14% returns, compared with 10% for large-caps and 18% for mid-caps.
Despite varying investment strategies, some small-cap stocks are common across mutual fund portfolios. The latest analysis reveals the 10 most widely held small-cap stocks, with PNB Housing Finance featuring in 146 schemes, followed by Crompton Greaves and RBL Bank.
Taxpayers who filed their ITR in May or June should revisit their return before the 31 July deadline. Checking e-verification status, AIS, TIS, Form 26AS, TDS credits, bank details and reported income can help avoid errors and refund delays.
Gold loan portfolio to jump to 30 lakh crore by March 2028: Report
The last two fiscal years ending March 2026 have seen an annual growth of 38% in gold lending, with banks growing their books at 35% and NBFCs at 54%
The CPC first verifies that you've used the correct ITR form, filled in all mandatory schedules, and that there are no calculation errors. If it finds major issues, you may receive a defective return notice.
Sensex, Nifty rise as investors shrug off Iran attack; IT stocks lead fourth straight rally
Nifty IT index surges 2.3% for fourth consecutive session, extending its three-day rally to around 8% and its monthly gain to over 17%
A Chennai taxpayer faced a 1.92 lakh penalty after her tax consultant made errors in the ITR filing. ITAT Chennai waived the penalty, ruling that a genuine mistake by a tax professional cannot be treated as misreporting of income under Section 270A.
Would your family know how to access your wealth in an emergency?
A single, regularly updated financial master sheet can organize scattered accounts, key legal documents, and vital contacts before a crisis hits.
Rupee extends gaining streak, up 16 paise at 95.66 against US dollar
Buying in domestic equity markets and lower crude oil prices lift rupee
SIPs help reduce entry-timing risk through rupee-cost averaging but cannot shield investors from valuation, liquidity, concentration or fund-selection risks. Investors should not mistake SIPs for a complete risk-management strategy.
ITR filing deadline: After 4 extensions in last 5 years, why AY 2026-27 may not get extra time
As the 31 July deadline for filing ITR approaches, taxpayers hope for an extension like in previous years. Here's why AY 2026-27 is different for tax filing.
Expecting an income tax refund this year? Filing your ITR is only half the job. Simple mistakes like an unvalidated bank account, TDS mismatch or pending tax demand can delay your refund even after the return is processed.
FD rates in July 2026: Small finance banks offer up to 8.10%; compare returns from 7 leading lenders
July 2026 FD rates show small finance banks offering up to 8.10% interest, ahead of leading private and public sector banks. Compare FD rates, tenures and key investment factors across seven major lenders before booking a fixed deposit to secure better returns.
How to make the most of flexible health benefits in employer plans
Healthcare needs aren't staticthey change with age, family responsibilities and personal circumstances. A 28-year-old navigating burnout, a 32-year-old planning a family, and a 45-year-old supporting ageing parents all need very different forms of care.
RVNL bags 359 crore railway doubling contract from East Central Railway
The scope includes earthwork, blanketing, minor and major bridges, station and other buildings, platform work, level crossing work, and other miscellaneous civil works
Sensex crosses 77,600 as IT, FMCG stocks rally; Adani Ports, M&M drag
Strong buying in heavyweight IT stocks and positive technical signals kept benchmark indices firmly higher despite weak overall market breadth
EPS 2026: EPS 1995 and EFPS 1971 beneficiaries will keep receiving pension under new scheme
Government clarified that EPS 1995 and EFPS 1971 beneficiaries will continue to receive pensions under EPS 2026. Pension calculation, contribution rates and eligibility remain unchanged, while the new scheme introduces faster digital claim processing and electronic pension disbursement.
Thangamayil Jewellery Q1 Results: Net profit up nearly 2X YoY at 85 crore
Gold jewellery sales went up by 65% to 2,273 crore in Q1FY27. Non gold (Silver, Diamonds, other products) sales rose 88% to 244 crore
Inherited shares, mutual funds or bonds? NRIs should follow these steps to claim them in India
NRIs inheriting financial assets in India often face delays due to missing documents, KYC issues and nomination gaps. Experts explain the steps, paperwork and common mistakes that can help ensure a smoother transmission process.
Diamond Power Infrastructure raises 1,614 crore through QIP to repay debt
Fresh capital from leading institutional investors will strengthen the companys balance sheet while supporting its long-term growth and financial flexibility.
Rupee cushioned by state-run bank dollar offers as futures expiry bites
The rupee rose 0.14% to 95.72 per US dollar, hovering around its strongest level in two weeks
Sebi reopens the PMS rulebook: what it changes for investors and investment industry
Sebi's proposed MF-only PMS lowers the investment threshold to 25 lakh, opening customized mutual fund portfolios to more investors.
Cash, property, or gifts over 50,000 from non-relatives are taxable, but relief options also exist for residents, which can reduce tax liability significantly or to zero. Details here.
Indias industrial production shows resilience, but brokerages expect growth to moderate
Analysts expect investment-led manufacturing to remain resilient despite rising risks from weather disruptions, global uncertainty and higher input costs.
Wrongly reported foreign salary in ITR? ITAT grants relief with one catch
A Delhi ITAT ruling clarifies that taxpayers can correct an ITR if overseas salary was wrongly reported as taxable in India. But if the income is exempt under the DTAA, foreign tax credit cannot be claimed.
Income tax filing deadline 2026 LIVE Updates: Who needs to submit their returns by 31 July?
Income tax filing deadline 2026 LIVE Updates: The due date to file ITR is around the corner, and more than 4.3 crore ITRs have already been filed so far. Here's everything you need to know about the filing process, deadline information, e-filing portal status and other such developments.
Rupee rises 5 paise to 95.77 against US dollar in early trade
At the interbank foreign exchange, the rupee opened at 95.70 and slipped to 95.77 against the greenback, registering a gain of 5 paise from its previous close
L&T shares gain 3.5% after Q1 profit rises, brokerages retain positive view
L&T acknowledged near-term execution challenges from the Middle East conflict but expects tendering and project awards to pick up from Q2FY27.
Gold and silver prices today, 29 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.
Q1 Results Today, 29th July 2026 Live Updates: Stay tuned for more from businessline
ULIP income in ITR for AY 2026-27: Exemption rules, capital gains reporting, correct form choice and filing tips ahead of 31 July deadline.
Banks collected over 26,170 crore from customers as minimum balance penalties between FY23 and FY26, according to a Rajya Sabha reply. While most public sector banks have now scrapped such charges on savings accounts, private lenders continue to collect thousands of crores annually.
Gold holds steady ahead of Fed's rate decision
Spot gold was little changed at $4,029.08 per ounce by 0301 GMT. U.S. gold futures for August delivery dipped 0.2% to $4,028.10
ITR filing 2026: Where to file return online other than the tax portal; know the charges
As the ITR filing deadline approaches, taxpayers can use various fintech platforms for online submissions. These services aim to simplify the process, with expert assistance available. Details here.
Will using ethanol-blended petrol affect your car insurance? Here's what experts say
The government's push for E20 petrol has left many car owners wondering whether using ethanol-blended fuel could affect their motor insurance. Here's what insurance experts say about claim validity, engine damage and common misconceptions.
Manipal Health IPO: Issue size, price band, anchor investors and brokerage views
After raising 4,167 crore from anchor investors, the healthcare major opens its IPO amid focus on valuation and growth prospects.
ITR filing deadline in 2 days: Tax experts explain how you can file returns in just 10 minutes
The income tax return filing deadline is approaching, with only two days left. Tax experts explain how taxpayers can complete ITR filing quickly using the correct forms and documents, pre-filled data and e-verification before 31 July.
Sensex today | Stock Market Live: Stock to buy today: LTM
Sensex, Nifty, Share Prices Live: The short-term outlook is bullish LTM. The 3 per cent rise on Tuesday has taken the share price well above the key resistance level of 4,200. It also confirms an inverted head and shoulder pattern. This is a bullish pattern. Support will now be in the 4,200-4,150 region which can limit the downside. LTM share price can rise to 4,680 in the coming weeks.
Gift Nifty signals positive opening; markets await US Fed decision despite West Asia tensions
Strong industrial growth and healthy earnings support market sentiment, but investors remain focused on the US Fed policy outcome, crude oil prices and geopolitical developments before taking fresh positions
Go Digit, Graphite India, RVNL, HUDCO, Tanla Platforms, Euro Panel in focus today
Corporate developments kept several stocks in focus as Go Digit received CCI clearance, Graphite India faced a US duty, RVNL secured a major railway order, HUDCO advanced overseas fundraising, and Tanla Platforms and Euro Panel unveiled expansion-related announcements.
The Finance Ministry has clarified in Parliament that the 8th Pay Commission is not required to share regular progress updates with the Centre. The Commission has autonomy, may determine its own procedures under the ToR, and will submit its final recommendations after 18 months, the minister said.
Why child-free couples may need morenot lessfor retirement
Conventional wisdom says child-free couples need a smaller retirement corpus. In reality, longer retirements, caregiving costs and the absence of a family safety net can make financial planning more demanding.
Can you change the income tax regime while filing ITR? Here's what taxpayers should know
Salaried taxpayers can switch between the old and new tax regimes while filing their ITR, regardless of the regime used by their employer for TDS. However, rules differ for those with business income. Understanding the flexibility and tax impact can help taxpayers make an informed choice.
EPF Scheme 2026: Got married? Your past PF nomination is now invalid key FAQs answered
Your earlier EPF nomination becomes invalid once you get married. Filing a fresh nomination ensures your PF benefits are paid to the intended beneficiaries without unnecessary delays or legal complications.
Multi-asset allocation funds topped the hybrid category, recording 70,819 crore in net inflows in 12 months. These funds help diversify across equities, debt, gold, and other assets. Investors should evaluate allocation strategy, diversification, and capture ratios before investing.
SIP inflows of most listed MFs hits a bump
Sequential SIP inflows slow down in June quarter on weak returns
I work remotely in India for a US firm. Can I avoid Indian tax if I'm paid in the US?
Many tech professionals moving back home assume receiving dollars in a foreign account keeps their income out of local jurisdictionhere is how tax residency rules actually treat global earnings.
Northern Arc Capital posts record Q1 profit of 114 crore, stock slips 4.9%
Switched jobs and lost track of your old PF account? Govt explains how EPFO's e-portal can help
The government has revealed that the EPFO has developed an Aadhaar-based e-portal to help members trace old inoperative PF accounts, transfer balances to their active UAN or settle claims. The portal aims to reduce paperwork, improve transparency and simplify access to forgotten PF savings.
South Korean market meltdown barely ruffles India; IT stocks steal the show
The Nifty 50 closed at 23,985, down just 0.04%; Nifty IT index rallies 3.3%
Delhi HC orders Paytm Payments Bank to be wound up: What happens to your Paytm wallet, UPI now?
The Delhi High Court ordered the winding up of Paytm Payments Bank Ltd due to non-compliance with regulations.
New vs old regime: Income tax slab rates for FY26 know how slab-wise tax calculation works
Taxpayers should compare the new and old tax regimes before filing their ITR for FY26. Since India follows a slab-based tax system, only the portion of income falling within each tax slab is taxed at the applicable rate. Understanding this helps taxpayers estimate tax liability more accurately.
HUL shares fall 7% as Q1 attributable profit drops 3% to 2,673 crore
Turnover grows to 17,184 crore, driven by 10% underlying sales growth and 5% volume growth
Sensex today | Stock Market Highlights: Sensex slips 69 pts, Nifty falls below 24,000 at close
Sensex, Nifty, Share Prices: Indian equities closed marginally lower on Tuesday. Sensex slipped 69.86 pts or 0.09% to close at 76,765.92; Nifty 50 dipped 10.60 pts or 0.04% to 23,985.35. The indices remained range-bound as investors balanced easing crude oil prices against uncertainty surrounding the US Federal Reserve's policy outlook. Mixed global market trends and ongoing corporate earnings also kept trading subdued despite continued domestic institutional buying.
Rupee clings to two-week high as oil price slide, intervention helps cement rise
Hopes for a resolution to the US-Iran conflict have pulled oil prices about 15% lower from the peak hit last week
Form 16 makes return filing easier, but it is not the only document required. By reconciling salary records with Form 26AS, AIS, bank statements and investment proofs, salaried taxpayers can accurately file their returns even without Form 16.
