Tenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requ ...More

Tenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is 2% on gross rent. Tax is deducted in the last month of tenancy or financial year. Tenants deposit TDS via Form 26QC and issue Form 16C to landlords. Failure to comply incurs interest and penalties. ...Less

June 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, ad ...More

June 2026 income tax deadlines are closer than many taxpayers realize. Form 16 issuance, TDS deposits, advance tax payments and STT reconciliation can directly affect your Income Tax Return filing. A missed compliance step may lead to penalties, tax credit mismatches or filing delays. Before June 20, reviewing these key tax requirements could save both money and unnecessary scrutiny later. ...Less

Manoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based ...More

Manoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through the AIR mechanism and other departmental databases, the Income-tax Department noticed substantial cash deposits in the taxpayer's bank account. ITAT Mumbai, however, ruled in the assesse’s favour, saying TDS cannot be denied even if ITR is not filed. ...Less

The Income Tax Appellate Tribunal has ruled that tax deducted at source credit cannot be denied once inco ...More

The Income Tax Appellate Tribunal has ruled that tax deducted at source credit cannot be denied once income is taxed. This decision came in a reassessment case involving a Navi Mumbai taxpayer. The tribunal stated that taxes deducted and deposited cannot be disregarded on technical grounds. This ruling reinforces the linkage between taxing income and granting TDS credit. ...Less

Salaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax doc ...More

Salaried employees await Form 16 for Assessment Year 2026-2027. Employers must issue this crucial tax document by June 15, 2026. This form simplifies Income Tax Return filing. Those without Form 16 can still file using salary slips, Form 26AS, and bank statements. The deadline for filing ITR for this period is July 31, 2026. ...Less

Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to ...More

Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing returns. As AY 2026-27 return filing gathers pace, pensioners must understand the correct tax treatment, deductions, TDS provisions and compliance reliefs available to avoid errors and unnecessary notices. ...Less

The Senior Citizens Savings Scheme (SCSS) offers a stable 8.2% annual interest rate, ideal for retirees s ...More

The Senior Citizens Savings Scheme (SCSS) offers a stable 8.2% annual interest rate, ideal for retirees seeking predictable income. To earn Rs 20,000 monthly, an investment of approximately Rs 29.30 lakh is required, well within the Rs 30 lakh maximum limit. Interest is paid quarterly, and investments qualify for Section 80C tax benefits under the old tax regime. ...Less

Senior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Seve ...More

Senior citizens can secure fixed deposit interest rates up to 8 percent for a three-year investment. Several small finance banks are offering this attractive rate for deposits up to Rs 3 crore. Investors should be aware of TDS rules and the option to submit Form 15H to avoid deductions if their total income is below taxable limits. ...Less

With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file ...More

With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, incomplete AIS data, pending TDS filings, and delayed financial reporting may lead to mismatches, notices, and revised returns. Taxpayers should prioritise accurate reconciliation and complete reporting over speed in tax compliance. ...Less

Filing your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps ...More

Filing your Income Tax Return is more than just a tax duty. It acts as a vital financial record. It helps in getting loans approved. You can claim tax refunds if you paid extra. Your ITR proves your income, especially for freelancers. It allows carrying forward losses to reduce future taxes. Many countries require it for visa applications. ...Less

The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting r ...More

The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specific risk parameters will mandate detailed examination by the I-T Department. A June 30, 2026 deadline is set for issuing scrutiny notices under Section 143(2). ...Less

A Bengaluru tech professional is experiencing significant financial stress after purchasing his first hom ...More

A Bengaluru tech professional is experiencing significant financial stress after purchasing his first home. Despite a good salary, the home loan EMI, rent, and upcoming registration and interior costs are overwhelming. He also supports his parents and siblings. He is now considering selling company stocks and renting out a room to manage the expenses. ...Less

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With fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyda ...More

With fees, security and ease of use all up for scrutiny, WazirX makes a strong case for being the everyday trader’s go-to platform in India’s crowded crypto market. ...Less

A parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. Th ...More

A parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global approaches to regulation. They advocate for continuing taxes on all such digital transactions. This move aims to ensure revenue stays within India. The panel will make recommendations after further deliberations. ...Less

India is actively shaping its digital asset future. Authorities are implementing stricter rules for crypt ...More

India is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax collections are rising, and law enforcement is building capacity. Investor interest is shifting towards long-term allocation. New regulations are formalising real-world asset tokenisation. India is setting a global precedent in this evolving financial space. ...Less

India's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal acti ...More

India's virtual digital asset sector is now high risk. Intelligence reports reveal extensive illegal activities including drug trafficking and money laundering. Authorities are increasing financial surveillance and enforcement. Tax collections from VDAs are rising. New rules require reporting entities to disclose crypto transactions. Officials propose linking crypto ownership with PAN and uniform valuation norms to strengthen oversight. ...Less

Low-risk investors can earn a fixed monthly income of Rs 9,250 from a Rs 15 lakh deposit in a joint Post ...More

Low-risk investors can earn a fixed monthly income of Rs 9,250 from a Rs 15 lakh deposit in a joint Post Office Monthly Income Scheme (POMIS) account. This government-backed scheme offers an annual interest rate of 7.4% for a 5-year tenure. While interest is taxable as per income slab, no TDS is deducted by the post office. ...Less

Homemakers earning under Rs 2 lakh from fixed deposits and mutual funds may not need to file ITR legally, ...More

Homemakers earning under Rs 2 lakh from fixed deposits and mutual funds may not need to file ITR legally, but voluntary nil return filing helps maintain records and claim TDS refunds. ...Less

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Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes ...More

Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxes' Central Action Plan for 2026-2027 outlines a roadmap for a more taxpayer-centric and technology-driven tax administration. This plan aims to streamline processes, enhance efficiency, and improve overall taxpayer services, leading to a more predictable and responsive tax governance framework. ...Less

Kerala Vishu Bumper 2026 lottery result: The much-awaited Kerala Vishu Bumper BR-109 lottery results for ...More

Kerala Vishu Bumper 2026 lottery result: The much-awaited Kerala Vishu Bumper BR-109 lottery results for 23 May 2026 have been declared officially. Ticket holder of VB 135452 wins the Rs 12 crore first prize in the Vishu bumper 2026 lottery. Ticket holders of VA 616453, VC 348224, VE 649598, VB 327020, VD 252972, VG 3679998 wins Rs 1 crore second prize individually. Ticket holders of VA 238131, VB 149470, VC 133511, VD 575123, VE 363410, VG 48053 wins the Rs 10 lakh third prize individually today. Full list of winning numbers here. ...Less

Global economic turbulence is high. However, India's company earnings are performing well. Deepak Shenoy ...More

Global economic turbulence is high. However, India's company earnings are performing well. Deepak Shenoy advises investors to focus on fundamentals and maintain patience. Disciplined investing is key for retail investors. The market presents entry points for those with a five-year outlook. India needs to build domestic manufacturing to reduce dollar dependency. ...Less

India boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent i ...More

India boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with flexible licensing. A shift towards graduated licenses and a principles-based approach is needed to foster new financial products and services. This will unlock India's potential in consumer finance and cross-border money movement. ...Less

A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old one ...More

A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new forms for various reporting needs. Key changes include updated PAN application forms and new TDS certificates. This marks a significant shift in tax compliance procedures for individuals and businesses. ...Less

For senior citizens looking to maximize their savings, attractive fixed deposit rates are still within re ...More

For senior citizens looking to maximize their savings, attractive fixed deposit rates are still within reach. Suryoday Small Finance Bank proudly tops the list with an impressive 8.05% for a five-year commitment. Other small finance institutions are also stepping up with competitive offers. Remember, while it's tempting to chase high returns, prioritizing safety is key. ...Less

For a 5-year fixed deposit, the Post Office TD scheme currently offers a higher interest rate compared to ...More

For a 5-year fixed deposit, the Post Office TD scheme currently offers a higher interest rate compared to most public sector banks' 6%-6.25%. This translates to a significantly higher maturity amount on a Rs 2 lakh investment, with the Post Office TD potentially yielding nearly Rs 90,000 in returns. ...Less

Pune's Principal Chief Commissioner of Income Tax, Vivek Wadekar, announced the new Income Tax Act, 2025, ...More

Pune's Principal Chief Commissioner of Income Tax, Vivek Wadekar, announced the new Income Tax Act, 2025, aims to simplify compliance and foster transparency. Launched on April 1, 2026, the act features digital initiatives like the 'Kar Saathi' chatbot and 'Kar Setu' for taxpayer assistance. ...Less

Taxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposit ...More

Taxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and certificate issuances. Remember to file key statements and declarations under the Income-tax Act, 2025, to avoid penalties. Stay informed to meet these important dates. ...Less

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Interest rates may vary. If we talk about the post office, it offers a 6.7% interest rate on its RD, whil ...More

Interest rates may vary. If we talk about the post office, it offers a 6.7% interest rate on its RD, while its rate for the 5-year FD is 7.5%. Using both post office FD and RD for financial planning, you can create a nearly Rs 1 crore retirement corpus in 20 years even if you invest Rs 10 lakh in the FD and invest Rs 10,000 monthly in the RD. ...Less

Senior citizens seeking stable income and market-risk-free returns often turn to fixed deposits. Banks co ...More

Senior citizens seeking stable income and market-risk-free returns often turn to fixed deposits. Banks commonly offer enhanced interest rates for senior citizens, along with benefits like premature withdrawal, loan options, and sweep-in facilities. This article explores the highest FD rates available from PSU, private, and small finance banks for this demographic. ...Less

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The Department of Posts now mandates quoting Permanent Account Number (PAN) for specified transactions. I ...More

The Department of Posts now mandates quoting Permanent Account Number (PAN) for specified transactions. Individuals without a PAN must submit Form No. 97 with complete details. These changes, part of the Income-tax Rules, 2026, also introduce Form 121 to replace Forms 15G and 15H for TDS exemption claims. ...Less

An online game is any game played on a phone, laptop, or digital device, operated through software using ...More

An online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electronic communication. This definition ensures that almost every form of digital gaming falls within its scope. The real difference, and the real tax impact, begins when we look at how these games are classified. ...Less

Suvarna Keralam SK 51 Lottery Result (01/05/2026): Suvarna Keralam SK 51 weekly lottery conducted by the ...More

Suvarna Keralam SK 51 Lottery Result (01/05/2026): Suvarna Keralam SK 51 weekly lottery conducted by the Kerala State Lotteries Department has been postponed May 8, 2026 instead of May 1, 2026. The event will have one ticket holder coming out as the winner of the grand first prize of Rs 1 crore. ...Less

Senior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from ...More

Senior citizens can still secure fixed deposit (FD) interest rates up to 8.05% for a three-year term from select small finance banks, with a cap of Rs 3 crore. Banks deduct TDS on FD interest exceeding Rs 1 lakh annually. Senior citizens with zero tax liability can submit Form 15H to avoid this deduction. ...Less

An Amazon employee went viral on Grapevine after sharing their shock over a heavily taxed April payslip, ...More

An Amazon employee went viral on Grapevine after sharing their shock over a heavily taxed April payslip, revealing frustration at seeing a large portion of their salary, especially TDS, deducted despite being in the highest tax bracket. The UX/UI designer expressed feeling “punished for earning well,” questioning the value they receive in return given ongoing issues like poor infrastructure, flooding, pollution, and reliance on expensive private services such as healthcare. ...Less

ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of R ...More

ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deducting TDS), which has been credited to my salary account. If I gift this amount to my wife and she puts it in a fixed deposit, will the interest earned be taxed in my hands or hers? ...Less

Karunya Plus KN 621 Lottery Result (30/04/2026): Kerala State Lotteries Department conducts the high-stak ...More

Karunya Plus KN 621 Lottery Result (30/04/2026): Kerala State Lotteries Department conducts the high-stakes draw for the Karunya Plus KN 621 weekly lottery today, April 30, 2026. The event saw ticket holder of PD 180857 coming out as the winner of the grand first prize of Rs 1 crore. ...Less

FCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR u ...More

FCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the Act. Once the individual becomes a resident and Ordinarily Resident (ROR), the FCNR interest becomes taxable in India from that date, even if the deposit was opened earlier, Sehgal explains. ...Less

NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing ...More

NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significant penalties and operational issues. Understanding the differences between NRE and NRO accounts is crucial for managing finances effectively abroad. ...Less

Following a foiled attack at the White House Correspondents' Dinner, a top official has called a meeting ...More

Following a foiled attack at the White House Correspondents' Dinner, a top official has called a meeting with the Secret Service and DHS to review President Trump's security. The incident also highlighted the presidential line of succession, prompting discussions on whether the President and Vice President should attend the same public events. ...Less

Many leading PSU banks offer the 444-day FD at attractive interest rates to general, senior and super sen ...More

Many leading PSU banks offer the 444-day FD at attractive interest rates to general, senior and super senior citizens. From State Bank of India’s ‘Amrit Vrishti’ scheme to similar offerings by Indian Bank, Bank of Baroda and Canara Bank, these 444-day FDs offer up to 6.60% interest rate to general citizens. ...Less

India's crypto ecosystem is at a pivotal turning point with accelerating adoption across retail and insti ...More

India's crypto ecosystem is at a pivotal turning point with accelerating adoption across retail and institutional segments. Driven by Gen Z and family offices, the investor base, currently at 12 crore, could potentially double every two to three years. Enhanced security, transparency, and communication are key to future growth. ...Less

Kerala Lottery Sthree Sakthi SS 517 Result today 28/04/2026: Kerala State Lotteries Department conducts t ...More

Kerala Lottery Sthree Sakthi SS 517 Result today 28/04/2026: Kerala State Lotteries Department conducts the high-stakes draw for the Sthree Sakthi SS 517 weekly lottery today, April 28, 2026. The event saw the ticket holder of ST 878851 coming out as the winner of the grand first prize of Rs 1 crore. ...Less

Bhagyathara BT-51 Lottery Result (27/04/2026): Kerala State Lotteries Department conducts the high-stakes ...More

Bhagyathara BT-51 Lottery Result (27/04/2026): Kerala State Lotteries Department conducts the high-stakes draw for the Bhagyathara BT-51 weekly lottery today, April 27, 2026. The event saw the ticket holder of BC 569038 coming out as the winner of the grand first prize of Rs 1 crore. ...Less

Samrudhi SM 52 Lottery Result (26-04-2026): Kerala State Lotteries Department conducts the high-stakes dr ...More

Samrudhi SM 52 Lottery Result (26-04-2026): Kerala State Lotteries Department conducts the high-stakes draw for the Samrudhi SM 52 weekly lottery today, April 26, 2026. The event sw the ticket holder of MO 550672 coming out as the winner of the grand first prize of ₹1 crore. ...Less

Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax ...More

Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due dates based on taxpayer categories, with options for belated, revised, and updated returns to ensure compliance and correct any oversights. ...Less

The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four pre ...More

The Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form simplifies TDS filing for various transactions including rent, property purchase, professional payments, and virtual digital asset transfers. It aims to enhance clarity and reduce duplication in reporting. ...Less

Karunya KR-751 Lottery Result (25-04-2026): Kerala State Lotteries Department conducts the high-stakes dr ...More

Karunya KR-751 Lottery Result (25-04-2026): Kerala State Lotteries Department conducts the high-stakes draw for the Karunya KR-751 weekly lottery today, April 25, 2026. The event saw the ticket holder of KY 794625 coming out as the winner of the grand first prize of ₹1 crore. ...Less

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The Enforcement Directorate is actively investigating several money laundering cases across West Bengal. ...More

The Enforcement Directorate is actively investigating several money laundering cases across West Bengal. These probes target alleged corruption, chit fund scams, and recruitment irregularities. The agency claims to have uncovered the involvement of senior ministers, MLAs, and state officials. Investigations are ongoing into cases related to political consultancy firms, teacher recruitment, coal smuggling, and municipality jobs. ...Less

People turning 60 at any point during the financial year can now claim senior citizen benefits for the fu ...More

People turning 60 at any point during the financial year can now claim senior citizen benefits for the full year while filing the new Form 121 to avoid TDS on interest and other incomes. Income tax experts in Gujarat advise filing early in April to prevent unnecessary deductions from the start. ...Less

Senior citizens can now secure fixed deposit interest rates as high as 8.05 percent for a five-year term. ...More

Senior citizens can now secure fixed deposit interest rates as high as 8.05 percent for a five-year term. Several banks are offering this attractive rate. Tax deducted at source applies if FD interest exceeds one lakh rupees annually. However, eligible senior citizens can submit Form 15H to avoid TDS deductions. This offers a significant opportunity for enhanced returns on savings. ...Less

Sthree Sakthi SS 516 Lottery Result (21-04-2026): Kerala State Lotteries Department conducts the high-sta ...More

Sthree Sakthi SS 516 Lottery Result (21-04-2026): Kerala State Lotteries Department conducts the high-stakes draw for the Sthree Sakthi SS 516 weekly lottery today, April 21, 2026. The event saw the ticket holder of SB 285845 coming out as the winner of the grand first prize of ₹1 crore. ...Less

New tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on ...More

New tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for education. Interest on motor vehicle compensation is now tax-exempt. Small taxpayers get an easier process for lower TDS certificates. TDS on manpower supply is clarified. ...Less

The Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, ...More

The Employees’ Provident Fund Organisation (EPFO) has replaced Forms 15G and 15H with a single Form 121, effective April 1, 2026, under the new Income-tax Act, 2025. ...Less

An Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. ...More

An Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal, Chennai, has now cancelled this penalty. The tribunal ruled that the omission was accidental and bona fide, especially as it was the first year of the reporting requirement. ...Less

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Bhagyathara BT-50 Lottery Result (20-04-2026): Kerala State Lotteries Department conducts the high-stakes ...More

Bhagyathara BT-50 Lottery Result (20-04-2026): Kerala State Lotteries Department conducts the high-stakes draw for the Bhagyathara BT-50 weekly lottery today, April 20, 2026. The event saw the ticket holder of BS 537563 coming out as the winner of the grand first prize of ₹1crore. ...Less

Karunya KR-750 Lottery Result (18-04-2026): Kerala State Lotteries Department conducts the high-stakes dr ...More

Karunya KR-750 Lottery Result (18-04-2026): Kerala State Lotteries Department conducts the high-stakes draw for the Karunya KR-750 weekly lottery today, April 18, 2026. The event saw the ticket holder of KD 636784 coming out as the winner of the grand first prize of ₹1 crore. ...Less

Fixed deposits are popular in India. However, Tax Deducted at Source on interest income reduces compoundi ...More

Fixed deposits are popular in India. However, Tax Deducted at Source on interest income reduces compounding growth. Forms 15G and 15H allow eligible individuals to declare no tax liability. This prevents TDS deductions, keeping interest invested. Over time, this can significantly boost maturity amounts. Submitting these forms annually is crucial for maximizing savings. ...Less

Suvarna Keralam SK-49 Lottery Result (17-04-2026): Kerala State Lotteries Department conducts the high-st ...More

Suvarna Keralam SK-49 Lottery Result (17-04-2026): Kerala State Lotteries Department conducts the high-stakes draw for the Suvarna Keralam SK-49 weekly lottery today, April 17, 2026. The event saw the ticket holder of RK 632730 coming out as the winner of the grand first prize of ₹1 crore. ...Less

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individual ...More

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior citizens to declare income below taxable limits. Eligible taxpayers can now use this single form to avoid tax deduction at source on interest income. The revised form offers enhanced user experience with features like auto-population and real-time validations. ...Less

Karunya Plus KN-619 Lottery Result (16-04-2026): Kerala State Lotteries Department conducts the high-stak ...More

Karunya Plus KN-619 Lottery Result (16-04-2026): Kerala State Lotteries Department conducts the high-stakes draw for the Karunya Plus KN-619 weekly lottery today, April 16, 2026. The event saw the ticket holder of PL 561807 coming out as the winner of the grand first prize of ₹1 crore. ...Less

The Income Tax Department has clarified eligible banks for TDS on interest under the new Income-tax Act, ...More

The Income Tax Department has clarified eligible banks for TDS on interest under the new Income-tax Act, 2025, effective April 1, 2026. The definition of 'banking company' has been refined, impacting TDS applicability on interest below prescribed thresholds for general and senior citizens. ...Less

Salaried employees face new Tax Deducted at Source rules from April 1, 2026. The new financial year bring ...More

Salaried employees face new Tax Deducted at Source rules from April 1, 2026. The new financial year brings revised tax calculations and compliance requirements. Employees must inform employers if they wish to opt for the old tax regime. Higher standard deductions and increased tax-free benefits are introduced. Choosing between tax regimes depends on individual deductions and salary structure. ...Less

Bank holiday today: It is important to note that banks in India observe a standardised holiday schedule t ...More

Bank holiday today: It is important to note that banks in India observe a standardised holiday schedule that includes all Sundays, the second and fourth Saturdays of each month, as well as regional and national holidays declared in the Reserve Bank of India's (RBI) annual holiday calendar.. ...Less

Sthree Shakthi SS-515 Lottery Result (14-04-2026): The Kerala State Lotteries Department is conducting th ...More

Sthree Shakthi SS-515 Lottery Result (14-04-2026): The Kerala State Lotteries Department is conducting the much-awaited draw for the Sthree Shakthi weekly lottery today, April 14, 2026. The draw takes place at Gorky Bhavan in Thiruvananthapuram and features an attractive first prize of ₹1 crore. ...Less

Former US President Donald Trump stated America is beginning to clear the Strait of Hormuz. This move aim ...More

Former US President Donald Trump stated America is beginning to clear the Strait of Hormuz. This move aims to ensure safe global energy shipments. Trump criticized other nations for not taking responsibility for securing the vital oil route. He also claimed Iran's military capabilities are significantly degraded and that oil tankers are heading to the US for crude. ...Less

Technical issues plaguing the income tax e-filing portal have prompted the CBDT to extend the deadline fo ...More

Technical issues plaguing the income tax e-filing portal have prompted the CBDT to extend the deadline for issuing TDS certificates. Employers, banks, and other deductors now have until March 31, 2026, to provide these crucial documents for the quarter ending December 2025. This move aims to alleviate genuine hardship faced by those responsible for tax deductions. ...Less

Tenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This comp ...More

Tenants paying more than Rs 50,000 in monthly rent must deduct TDS at 2% before March 31, 2026. This compliance is for the financial year ending March 31, 2026. Failure to deduct and deposit TDS can lead to interest and penalties. Tenants can deposit TDS using Form 26QC without a TAN. ...Less

Bhagyathara BT49 Lottery Result (13-04-2026): The Kerala State Lotteries Department conducts the high-sta ...More

Bhagyathara BT49 Lottery Result (13-04-2026): The Kerala State Lotteries Department conducts the high-stakes draw for the Bhagyathara BT-49 weekly lottery today, April 13, 2026. The event will be held at Gorky Bhavan in Thiruvananthapuram, featuring a grand first prize of ₹1 crore. The top prize of today goes to the ticket holder of BA 153456. ...Less

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New ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme ...More

New ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross receipts and presumptive income. This change aims to enhance transparency and facilitate cross-verification of reported income with tax data. The updated forms specifically cater to presumptive taxation provisions under Sections 44B, 44BB, 44BBA, 44BBC, and 44BBD. ...Less

Karunya KR-749 Lottery Result (11-04-2026): The Kerala State Lotteries Department conducts the high-stake ...More

Karunya KR-749 Lottery Result (11-04-2026): The Kerala State Lotteries Department conducts the high-stakes draw for the Karunya KR-749 weekly lottery today, April 11, 2026. The event will be held at Gorky Bhavan in Thiruvananthapuram, featuring a grand first prize of ₹1 crore. ...Less

Kerala Lottery Result Today KN618: The Kerala State Lotteries Department has postponed the Karunya Plus K ...More

Kerala Lottery Result Today KN618: The Kerala State Lotteries Department has postponed the Karunya Plus KN-618 high-stakes draw for today, April 9, 2026, owing to Assemble elections voting which is underway. ...Less

The Reserve Bank of India has released updated operational guidelines for its Floating Rate Savings Bonds ...More

The Reserve Bank of India has released updated operational guidelines for its Floating Rate Savings Bonds, 2020 (Taxable), effective immediately. These revised rules, issued on April 2, 2026, aim to enhance investor services and streamline processes, including digital facilities for applications and account management. ...Less

New income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax A ...More

New income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act. Expect revised TDS/TCS rules, updated ITR filing deadlines, and changes to buyback taxation. Key benefits include expanded HRA exemptions and increased meal card tax benefits, aiming for a simpler tax regime. ...Less

Property sellers can now fix TDS credit mistakes. If a buyer incorrectly deposited TDS, sellers can file ...More

Property sellers can now fix TDS credit mistakes. If a buyer incorrectly deposited TDS, sellers can file Form 71 within two years. This form helps align TDS credit with the correct assessment year. The ITAT Delhi recently upheld this, ensuring sellers receive credit even if the buyer erred. This mechanism aids taxpayers in claiming their rightful TDS. ...Less

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Kirk Cousins agreed to a contract with the Las Vegas Raiders, his agent confirmed on Thursday. Atlanta Fa ...More

Kirk Cousins agreed to a contract with the Las Vegas Raiders, his agent confirmed on Thursday. Atlanta Falcons, his former team, will pay Cousins $8.7 million this season. ...Less

DL47 Lottery Result (06-04-2026): The Kerala State Lotteries Department conducts the high-stakes draw for ...More

DL47 Lottery Result (06-04-2026): The Kerala State Lotteries Department conducts the high-stakes draw for the Dhanalekshmi DL-47 weekly lottery today, April 8, 2026. The event will be held at Gorky Bhavan in Thiruvananthapuram, featuring a grand first prize of ₹1 crore. ...Less

Financial tasks: Proactive financial planning, from retirement savings to KYC updates and nominee details ...More

Financial tasks: Proactive financial planning, from retirement savings to KYC updates and nominee details, ensures a smoother year ahead.. The new financial year offers a prime opportunity to organize your finances. ...Less

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Form 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. Th ...More

Form 16 will be renumbered as Form 130 under the Income Tax Rules, 2026, effective from April 1, 2026. This change introduces a "Tax Year" concept, enhances taxpayer and employer details for digitized reporting, and requires disclosure of tax deduction rates. The shift is primarily structural, aligning with the new Income-tax Act, 2025. ...Less

Under the Income Tax law, the tax is to be deducted at source if the interest income from bank/post offic ...More

Under the Income Tax law, the tax is to be deducted at source if the interest income from bank/post office deposits exceeds Rs 50,000 for ordinary citizens, or Rs 1 lakh for senior citizens, in a financial year. ...Less

Sthree Sakthi SS-514 Lottery Result (07-04-2026): The Kerala State Lotteries Department conducts the high ...More

Sthree Sakthi SS-514 Lottery Result (07-04-2026): The Kerala State Lotteries Department conducts the high-stakes draw for the Sthree Sakthi SS-514 weekly lottery today, April 7, 2026. The event will be held at Gorky Bhavan in Thiruvananthapuram, featuring a grand first prize of ₹1 crore. ...Less

India has a new Income Tax Act, 2025, effective April 1, 2026. This replaces the old 1961 Act, making tax ...More

India has a new Income Tax Act, 2025, effective April 1, 2026. This replaces the old 1961 Act, making tax rules simpler and easier to follow. The e-filing portal will support both old and new acts during the transition. Assessments for past years will follow the old Act. Advance tax payments from June 2026 will use the new Act. ...Less

The Income Tax Act, 2025 modernises the law while preserving continuity, ensuring that taxpayers are not ...More

The Income Tax Act, 2025 modernises the law while preserving continuity, ensuring that taxpayers are not forced into uncertainty during transition. Income earned up to financial year 2025- 26, which ends on 31 March, 2026, is governed by the Income Tax Act, 1961; income earned in financial year 2026-27, which starts on 1 April, 2026, comes under the new Act. ...Less

Bhagyathara BT-48 Lottery Result (06-04-2026): The Kerala State Lotteries Department conducts the high-st ...More

Bhagyathara BT-48 Lottery Result (06-04-2026): The Kerala State Lotteries Department conducts the high-stakes draw for the Bhagyathara BT-48 weekly lottery today, April 6, 2026. The event will be held at Gorky Bhavan in Thiruvananthapuram, featuring a grand first prize of ₹1 crore. ...Less

Indian Renewable Energy Development Agency (IREDA) shares dipped nearly 3% after announcing an interim di ...More

Indian Renewable Energy Development Agency (IREDA) shares dipped nearly 3% after announcing an interim dividend of Rs 0.60 per equity share for FY26. The record date for this dividend has been set for April 2. The company also recently increased its borrowing plan for FY26 and FY27. ...Less

Taxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these ...More

Taxpayers face a critical March 31, 2026 deadline for numerous income tax and GST filings. Missing these dates can lead to lost benefits and incur penalties. Key actions include filing ITR-U if needed, optimizing capital gains, and reviewing depreciation. For GST, businesses must reconcile returns, review input tax credit, and file LUT for exports. E-invoicing compliance also requires attention. ...Less

Senior citizens can secure attractive fixed deposit rates, with some banks offering up to 7.9% for a five ...More

Senior citizens can secure attractive fixed deposit rates, with some banks offering up to 7.9% for a five-year tenure on deposits up to Rs 3 crore. While banks deduct TDS on interest exceeding Rs 1 lakh, eligible individuals can submit Form 15H to avoid this deduction if their total tax liability is zero. ...Less