ITR filing due dates for AY 2026-27: July 31 is not the deadline for every taxpayer; check 5 other tax filing due datesThe Income Tax Department has set July 31, 2026, as the deadline for most individual taxpayers, including the salaried class, to file their...
New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
From reducing stock, MF holdings to evaluating your assets: Use this 8-point checklist to simplify finances after retirementYou may not need a long list of investments. Close bank and investment accounts that you no longer need. Reduce your stock and mutual fund ...
Is Rs 1 crore really enough for retirement? CA calls it a ‘retirement trap’?A Rs 1 crore retirement corpus is a 'trap', not a milestone, warns Chartered Accountant Nitin Kaushik. With 6% inflation, its purchasing po...
Toll collection against construction services provided to NHAI taxable: Rajasthan HCRajasthan High Court ruled toll collection rights are taxable consideration for highway construction. This decision impacts public-private ...
Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
Expired dates? Young Indians face dating burnout despite spending more on finding loveAmid the bustling life of young urban Indians, an ironic trend emerges: individuals thriving in their careers are still finding themselves ...
Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if...
Bengaluru CA, an ex-KPMG employee, bought her first iPhone for 'show off'. Now, she has a rule for her every luxury purchaseBengaluru CA Meenal Goel revealed her first luxury purchase, an iPhone, was driven by insecurity. She felt out of place at KPMG and bought ...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
No cost EMI a scam? CA warns why it can be a financial trap targeting middle classNo-cost EMIs are popular in India, making big purchases seem affordable. Chartered accountant Nitin Kaushik warns this is a psychological s...
Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...
Crypto companies without EU licences face prosecution, French regulator warnsCrypto firms face a June 30 deadline to secure European Union licenses. France's top markets regulator, AMF, warns that non-compliant compa...
Crypto companies without EU licences face prosecution, French regulator warnsUnder the European Union's crypto rules, MiCA, crypto companies have until June 30 to get a licence to continue operating in the bloc. Eur...
US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
Husband claimed wife wasn't doing household work; HC orders him to pay Rs 20,000/month as wives not ‘deemed maids’The husband, a Chartered Accountant (CA) by profession, had in 2004 filed for a divorce on the ground of cruelty, claiming that “wife was n...