The Economic Times

Homebuyers lost access to his parking spot after neighbour parked his 2nd car there; Maharashtra co-op appellate court dismissed homebuyers' plea on this ground. The court held that a parking allotment made by a housing society to the original owner does not automatically pass to the 2nd purchaser of the flat. Know more.

For theft of mangalsutra, State Bank of India (SBI) passbook and cash in Rajdhani 3AC coach, North Railways ordered to pay Rs 80,000 compensation to husband and wife duo; Know why. This article has the details.

The top four small-cap mutual funds have delivered over 20% CAGR since their inception. Here's a detailed look at their AUM, inception dates, and performance. (Source: MF Screener)

Here is a look at the latest 22k gold rates at leading jewellery brands and 14k, 18k, 20k, 22k and 24k indicative retail selling gold prices and the 999-purity silver rate at the Indian Bullion and Jewellers Association's (IBJA) today.

Disciplined investing and compounding accelerate wealth growth towards a Rs 1 crore corpus. The 8-4-3 rule demonstrates how initial investments grow significantly over time. Higher investment returns and frequent compounding periods reduce the time needed to reach financial goals. Starting early and investing consistently maximizes the benefits of compounding for wealth accumulation. Time is a crucial advantage, allowing investments to multiply substantially with regular contributions.

Returns from mutual fund schemes over the past year varied sharply across categories, highlighting the importance of choosing the right fund. Here's a look at the top-performing schemes in each category compared with their benchmark and category average, based on an ET Bureau report.

When investors think about financial mistakes, they often measure them in rupee terms. One common misstep is temporarily pausing SIP investments and restarting them later. Here's how interrupting your SIP contributions can derail your long-term financial goals, according to ET Wealth.

Retiring debt-free is an ideal goal, but not always achievable or necessary. Experts suggest focusing on EMI affordability rather than complete debt elimination. High-interest unsecured loans pose the greatest risk to retirement finances. Strategic debt management and income generation can support manageable EMIs. Planning finances across life stages helps avoid retirement debt burdens.

Select banks offer senior citizens fixed deposit interest rates up to 8.3 percent. Jana Small Finance Bank provides this highest rate for a three-year term. TDS is deducted if FD interest exceeds Rs 1 lakh annually for senior citizens. Senior citizens can submit Form 15H to avoid TDS if their tax liability is zero. This form helps banks avoid deducting tax when income falls below taxable limits.

Taxpayers missing the July 31, 2026 income tax return deadline have options. A belated ITR can be filed until December 31, 2026, with a late fee. Alternatively, a condonation of delay application can be submitted for acceptance. Filing after the due date incurs interest on unpaid taxes and potential loss of benefits. This process may also lead to delayed refunds and increased compliance scrutiny.

All scheduled and non-scheduled banks observe holidays on the second and fourth Saturdays. Banks remain open on the first, third, and fifth Saturdays unless a holiday is specified.

GIFT City offers NRIs and OCIs a dollar-denominated investment ecosystem. This financial hub provides access to global and Indian investment products. Investors can avoid rupee conversion and navigate repatriation rules easily. Various investment options like mutual funds and fixed deposits are available. Read the article to look at the investment options, tax benefits, and the process to get started.

The July 31, 2026, income tax return filing deadline remains unchanged for many taxpayers. Those who missed this date must now file a belated return and pay a late fee. Taxpayers with business income and those requiring a tax audit have different filing deadlines. The due date for business income without audit is August 31, 2026. Taxpayers needing a tax audit must file by October 31, 2026.

Pensionbazaar has improved its Corporate National Pension System offering. This aims to make retirement planning more accessible and seamless for employees. The platform simplifies onboarding, contribution management, and account servicing for employers. Employees can now digitally manage their retirement corpus and track progress easily. This initiative seeks to make retirement planning a workplace priority and a natural financial journey.

DA hike: Central government employees anticipate a 3% dearness allowance increase. This expectation arises from the latest AICPI-IW reading for June 2026. The calculation suggests a potential 63% overall dearness allowance for employees. This hike will impact salaries across various pay levels under the 7th Pay Commission. The Finance Ministry will officially announce the final dearness allowance increase.

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims to strengthen the identification and reporting of fake currency notes.

PM Kisan 24th instalment: The PM Kisan scheme provides annual income support to eligible farmer families. The 24th instalment is anticipated in October 2026, following the June 2026 disbursement. Farmers can verify their beneficiary status online using Aadhaar or account numbers.

Investors face a choice between single and multiple fixed deposits for large sums. Splitting deposits offers better liquidity and increased insurance coverage. FD laddering allows reinvestment at prevailing interest rates for potential gains. Managing multiple FDs requires more effort and careful tracking of renewals.

Five new mutual fund offers are currently open for subscription, including two ETFs, two domestic FoFs and one flexi-cap fund, giving investors fresh options across diverse investment categories.

Six smallcap mutual funds delivered over 20% returns in the past six months, led by Bank of India Small Cap Fund, reflecting strong performance in the segment, according to ACE MF data.

Do you also believe that having more would mean that you will have a better plan? Well, if you do, you might be wrong. 'Business philosopher Jim Rohn's 70/30 money rule explains why financial planning matters more than income. Read on to know budgeting rules to manage your money smarter.

Rs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salaried employees may not be well versed in complex tax provisions. Read the story to know the full details.

Twelve equity mutual funds have turned a Rs 1,000 monthly SIP into more than Rs 1 crore since their inception, with the top performer generating a corpus of up to Rs 2.86 crore. The list spans seven fund categories, led by midcap and flexicap schemes.

Fitment factor in 8th Pay Commission: Employee groups recommend increasing annual increments and merging dearness allowance with basic pay. This move aims to accelerate salary growth for government employees and pensioners. A higher increment rate and DA merger could potentially double gross salaries within seven years. Various organizations have submitted specific proposals regarding increment percentages and DA merger thresholds. These recommendations are part of submissions made to the 8th Pa

ITR filing deadline: Nearly 5.44 crore taxpayers filed income tax returns for AY 2026-27 by July 30. Experts suggest the July 31 deadline extension for income tax returns is unlikely. The e-filing portal has been functioning smoothly with no widespread technical issues reported. Taxpayers should file their returns by the July 31 deadline to avoid penalties. The government has previously extended deadlines due to significant technical problems.

Gold rate today: Gold prices saw a marginal increase at major jewellery brands today. Tanishq's 22k gold rate rose to Rs 13,300 per gram. Malabar Gold & Diamonds and Joyalukkas also reported slight price hikes. Kalyan Jewellers has yet to update its 22k gold price for the day. IBJA's indicative retail selling rates for gold and silver were also provided.

ITR filing deadline: Missing the July 31 income tax filing deadline allows for belated returns. Taxpayers can file a belated return within nine months of the tax year's end. A revised return can be filed within twelve months of the tax year's end.

Missing the July 31, 2026 ITR filing deadline incurs a late fee. Belated returns can be filed with interest and a penalty up to Rs 5,000. Crypto investors lose the ability to carry forward losses to future tax periods. Non-filing can trigger tax notices from the department. Options include condoning the delay or filing a belated return.

Taxpayers face a choice between filing income tax returns now or later. The income tax return due date is approaching for many individuals. Filing a revised return corrects errors but large deviations may attract scrutiny. Belated returns are an option if the original deadline is missed. Missing the belated deadline has consequences similar to not filing at all.

Axis Bank misplaced a Delhi couple's original property papers, which they found out after closing their Rs 1.41 crore loan account. They then filed a complaint in Delhi State Consumer Disputes Redressal Commission, alleging deficiency of service and negligence on the part of the lender, seeking a compensation of Rs 1 crore. Know what happened next.

Technology sector mutual funds achieved substantial gains during July. HDFC Technology Fund led with a remarkable 16.91% return for investors. Other tech funds also delivered double-digit returns, outperforming many others. International funds experienced significant declines, primarily due to market corrections. Experts advise diversified equity funds for balanced long-term investment strategies.

Mutual fund returns show significant differences between top and bottom performers. The flexi-cap category saw a wide gap between gains and losses. Small-cap funds also displayed considerable divergence in their yearly performance. Market trends favored stock-specific bets and certain sectors over traditional ones. Investors must understand fund styles and team track records for better selection.

ITR filing deadline: The July 31, 2026, deadline is crucial for many taxpayers filing income tax returns. Missing this date incurs a late filing fee based on total income. Belated returns for AY 2026-27 can be filed until December 31, 2026. E-verification within 60 days is necessary to validate the filed return.

Four flexi cap mutual funds delivered single-digit returns over the last three years, while one posted a marginal negative return, according to ETWealth. In contrast, the top-performing flexi cap funds generated returns of up to 19.8% during the same period.

Nine equity mutual funds multiplied investors SIP investments by more than 1.6 times over the last five years, led by small-cap and mid-cap schemes. Invesco India Midcap Fund topped the list with a 1.71x wealth multiplier and an XIRR of 21.66%.

Choosing the right Income Tax Return form for AY 2026-27 depends on income sources. ITR-1 now allows reporting income from two house properties. Salary, house property, and other sources can be reported in ITR-2. Business or professional income generally requires ITR-3 or ITR-4. Complete income profile determines the final ITR form selection.

The government has clarified no LTCG tax scrapping for foreign investors. Only investments in Government Securities now receive tax exemptions. This measure aims to attract foreign portfolio investors to the G-Secs market.

Inconsistency in witness testimony led to a 1957 executed registered sale deed being ordered for cancellation and a long battle for buyer to secure his rights in the 15 bigha land; SC restores buyer's rights in this land; Know why

The ESIC wage ceiling is periodically increased by the government. The last revision raised the limit to twenty-one thousand rupees monthly. The Code on Social Security, 2020, now encompasses more establishments. Gig and unorganised workers are now covered under the ESIC scheme. Attendance restrictions for seasonal workers' treatment remain unchanged.

Withdrawing money from your mutual fund SIP can significantly delay your financial goals by hampering the power of compounding. Early withdrawals cause maximum damage to your long-term wealth creation. Here is how pulling out funds at different stages impacts your timeline to build a target corpus of Rs 1 crore.

Gold prices saw a slight increase across major jewelry brands today. Tanishq's 22K gold jewelry is priced at Rs 13,275 per gram. Other brands like Malabar, Kalyan, and Joyalukkas offer 22K gold at Rs 13,230. IBJA rates show 24K gold at Rs 14,240 and 22K at Rs 13,898. Silver prices also saw a slight adjustment from yesterday's rates.

The 8th Pay Commission will consult stakeholders in Chandigarh. Interested parties must submit appointment requests by August 25, 2026. Previous consultations were scheduled in New Delhi, Chennai, and Puducherry. The commission seeks input on pay, pension, and work conditions. Further meetings are planned for other states and union territories.

ETMutualFunds shortlisted five top midcap mutual funds based on rolling returns, consistency, downside risk, outperformance and asset size, highlighting options suitable for investors with high risk tolerance and long-term horizons.

International funds offered excellent returns over the past year, outperforming domestic options. However, fresh investments are currently restricted due to regulatory limits. Experts suggest alternatives like LRS platforms and GIFT City funds for global exposure. Diversified global ETFs tracking broad indices are recommended for new investors. Investors should maintain international allocation for diversification and risk-adjusted returns.