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INR exchange rate while filing ITR to report foreign assets: Use this reference rate to convert foreign currency into INR as prescribed under income tax rulesIndian taxpayers must report foreign assets in their Income Tax Returns for AY 2026-27. Foreign currency amounts require conversion to Indi...- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...
- No decision yet on petrol blending beyond 20% ethanol, says ministerThe government has not decided to increase ethanol blending in petrol beyond twenty percent. Any future increase will follow scientific stu...
- ITR filing 2026: Step-by-step guide to filing ITR-1 for AY 2026-27 before the July 31 deadlineStudents, salaried individuals, and pensioners can file ITR-1 for AY 2026-2027. The deadline for filing this income tax return is July 31, ...
- Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
- ITR-4 or ITR-3? Know which ITR form to file under presumptive taxation scheme and the documents requiredTaxpayers using the presumptive taxation scheme must select the correct Income Tax Return form. Generally, ITR-4 is suitable for individual...
- Downstream aluminium industry says duty structure hurting competitiveness, seeks reliefDownstream aluminium manufacturers are urging the government to reduce import duties. Higher global metal prices and freight costs pressure...
- Reliance Jio's ARPU rises to Rs 215.6 as subscriber base crosses 533 million in Q1FY27Reliance Jio reported strong June quarter results with ARPU rising to Rs 215.6. The telecom operator's subscriber base crossed 533 million,...
- Did PM Modi announce a Rs 25 lakh monthly income scheme? Here's the truthA fake video using artificial intelligence shows Prime Minister Modi promoting an investment scheme. This fraudulent platform falsely promi...
- Cost Inflation Index: How it can help you file your income tax returnThe Income Tax Department has announced the Cost Inflation Index for the upcoming tax year. This index, set at 384, will adjust asset acqui...
- Industry body FAITH advocates for a tourism growth charter to unlock opportunities at annual conclaveIndia's tourism sector will grow at 8.5% this year, contributing $286 billion to GDP. By 2036, India is projected to become the world's fou...
- Which used car valuation tool is most accurate? A 2026 India buyer guideHow online used car valuation tools work in India, why the estimate changes after inspection, and how to read these numbers as a buyer.
- How to budget a Rs 12 lakh salary: Bengaluru CA shares a simple formula to divide your salary for savings, rent, family support and travelBengaluru CA Meenal Goel shared a budgeting plan for people earning Rs 12 lakh annually. She suggested investing 20% of the salary, buildin...
- Karnataka cities get just 15% of promised SFC grants, denied fiscal autonomy, says reportKarnataka's city governments received only a fraction of promised state finance commission grants. A significant portion of these funds wer...
- NFO Update: Baroda BNP Paribas Mutual Fund launches a services fundBaroda BNP Paribas Mutual Fund has launched the Baroda BNP Paribas Services Fund, an open-ended thematic equity scheme that aims to capital...
- South Korea launches digital nomad visa with easier rules, longer staySouth Korea has launched its F-1-D digital nomad visa, effective June 30, allowing remote workers to reside in the country for up to three ...
- India’s prosperity problem: Public finances now compensate the majority for economic insecurity, regardless of growthIndia has significantly reduced extreme poverty, achieving a major development goal. However, recent economic growth has not broadly benefi...
- This time from Africa? Economic lessons from the beautiful game, especially the African modelHigh-income nations dominate football, while lower-income countries show potential. African football academies demonstrate successful devel...
- Three-fold rise in Assam Budget; aim to power growth, uplift people: CM Himanta SarmaAssam's budget has tripled to Rs 2,00,782 crore for 2025-26. Fund utilization stands at a strong 85 percent, indicating efficient managemen...
- Sri Lanka, Vietnam upgraded to 'upper-middle income' statusVietnam and the Philippines have officially joined the upper-middle income bracket, a significant upgrade by the World Bank following years...
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