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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. 

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.

Lokesh Ahuja from Nykaa shared a cautionary tale about hidden AutoPay mandates after teaching his mother how to make UPI payments. He emphasises the importance of digital literacy.

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. 

A single, regularly updated financial master sheet can organize scattered accounts, key legal documents, and vital contacts before a crisis hits.

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.

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.

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.

With the July 31 ITR filing deadline nearing, experts warn that waiting until the last day could cost taxpayers far more than just a late filing fee. From losing tax benefits to delayed refunds and portal glitches, here's why filing early is the smarter choice.

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.

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.

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.

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.

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: 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.

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.

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.

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.

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.

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.

With the July 31 deadline for income tax return filing nearing, the tax department urges taxpayers to file early to avoid last-minute stress and errors. Details here.

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.

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.

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.

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.

The Delhi government has launched the 'Delhi Lakshmi Yojana', providing eligible women with monthly financial assistance of 2,500, of which 1,500 will go into a locked savings account. The initiative aims to empower women financially and support family stability.

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.

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.

The Delhi High Court ordered the winding up of Paytm Payments Bank Ltd due to non-compliance with regulations. 

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.

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. 

First-time stock market investors can avoid costly mistakes by focusing on diversification, asset allocation, disciplined investing and long-term wealth creation. Check out the five most common investing mistakes experts warn against and practical steps to build a stronger investment portfolio.

The late filing fee is only one consequence of missing the ITR deadline. Delayed filing can also result in the loss of capital loss set-off benefits, delayed refunds and additional interest, increasing your tax burden in future years.

Market volatility often fuels fear and greed, prompting costly investment mistakes. Goal-based investing shifts the focus from market moves to life milestones, helping investors stay disciplined.

Mid-cap funds have rewarded long-term SIP investors, with 12 schemes generating annualised returns of more than 18% over the past decade. A comparison of three-, five- and 10-year returns also shows that recent winners are not always the best long-term wealth creators.

Report REIT and InvIT income in your ITR for AY 202627. Know the tax treatment, choose the right form and keep essential documents ready to avoid mistakes before the 31 July deadline.

Sebi's reforms and online bond platforms have made direct bond investing more accessible than ever. But should investors choose individual bonds over debt mutual fundsor use both?

Income tax refund delays for AY 202627 may occur due to incorrect bank details, pending e-verification, PAN issues, tax mismatches or errors in return filing. Here are common causes of delays, how to track your refund status and the key checks to complete for faster processing.

As more NRIs return to India to care for ageing parents, experts say early planning is crucial to manage healthcare costs, lower incomes, taxes, overseas assets and retirement savings.

Gold and silver prices today, 28 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.

Paytm has partnered with ClearTax to offer income tax return filing starting at 11 through its app. Here's what the plan includes, who can benefit, and the precautions taxpayers should take before filing.

The ITR filing deadline for AY 2026-27 remains 31 July, with experts expecting no extension. Over 4.1 crore returns have already been filed. Taxpayers should file and e-verify returns on time to avoid penalties, interest and loss of key tax benefits.

The July 31 ITR deadline is just days away. Avoid these five common filing mistakes that could lead to tax notices, refund delays or additional tax demands.

8th Pay Commission: Fitment factor debate has intensified as employee unions seek a multiplier above 3. While a higher fitment factor could significantly increase salaries and pensions, experts say the Centre will balance employee expectations with fiscal sustainability before final recommendations.

The proposed MF-only PMS framework is positioned as a bridge between self-managed mutual fund investing and traditional PMS, allowing investors to access professional portfolio management at a lower entry threshold of 25 lakh while remaining within regulated investment products.

ITR: India has seen 4x growth in billionaires in five years. As many as 576 people reported gross total income of 100 crore or more, FY26 income-tax filings showed, MoS Pankaj Chaudhary said today.