If your income falls below the taxable limit, you might think filing an Income Tax Return (ITR) is unnecessary. However, submitting a Nil ITR can actually save you money and simplify various financial and legal processes. What Exactly is a Nil ITR? A Nil ITR is an income tax return filed when your total income … Read more
You’re battling a life-threatening illness, incurring massive medical bills that exceed your health insurance. On top of that, India’s New Tax Regime offers no relief for these out-of-pocket expenses. This “tax the healthy, not the helpless” approach is sparking a growing demand for change. Under the current New Tax Regime, even with a high income, … Read more
The Indian Finance Ministry has firmly denied recent reports claiming the government plans to impose a Merchant Discount Rate (MDR) on UPI transactions, calling them “completely false, baseless, and misleading.” The ministry emphasized its continued commitment to promoting digital payments through UPI. Understanding the Backstory The rebuttal comes after media speculation suggested an MDR might … Read more
Mutual Funds Dive into ITC, IndiGo, Swiggy, and Paytm in May; BSE and Coforge on the Sell List May was a busy month for mutual fund (MF) managers, with significant buying activity in several prominent Indian companies. Data compiled by Nuvama Institutional Equities reveals where MFs placed their bets and which stocks they offloaded. Big … Read more
Subject: Filing of SPL-01/ SPL-02 where payment made through GSTR 3B and other cases 1. While filing amnesty applications in Form SPL-01 or SPL-02 under Section 128A of the CGST Act, 2017, some taxpayers are facing technical issues related to auto population of payment details in Table 4 of the forms. 2. In particular, it … Read more
Gold Prices Soar Past ₹1 Lakh Amidst Israel-Iran Tensions Geopolitical unrest in the Middle East has sent gold prices skyrocketing, with MCX gold rates breaching the ₹1 lakh mark. This surge reflects a significant flight to safety as investors seek refuge in precious metals during times of heightened global instability. On the Multi Commodity Exchange … Read more
Navigating your taxes can feel like a maze, but for salaried employees, Form 16 is your trusty map. This crucial document lays out your total salary, any TDS (Tax Deducted at Source), and how your tax was calculated. Key Updates for Your FY 2024-25 ITR Filing (AY 2025-26) The Income Tax Return (ITR) filing season … Read more
Tragedy Strikes Air India Flight AI171 Ahmedabad, India – An Air India Boeing 787, flight AI171, tragically crashed near Ahmedabad airport on Thursday afternoon, June 12, 2025, shortly after taking off from Runway 23 at 1:39 PM IST. The flight, bound for London Gatwick, was carrying 242 people – 2 pilots, 10 cabin crew, and … Read more
CBI Arrests Professor cum Dean of Shillong University for Rs. 3.43 Lakh Bribery Central Bureau of Investigation (CBI), Guwahati has arrested two accused including Professor of Zoology and Dean of School of Life Sciences, North Eastern Hill University, Shillong and a private person (Proprietor of a firm) of Guwahati, Assam during transaction of undue advantage … Read more
CBI Court Convicts Delhi Resident in CSAM Case The Hon’ble Court of ACJM, Rouse Avenue District Court (RADC), New Delhi has convicted accused Anurag Sharma, a resident of Delhi, in Child Sexual Abuse Material (CSAM) Case. The matter is now posted for arguments on the quantum of sentence on the next date of hearing. CBI … Read more
