India’s Income Tax Department Cracks Down on Fake Deductions: 200% Penalty and Prosecution Await! The Indian Income Tax Department is no longer playing around when it comes to fraudulent tax deductions. A recent investigation uncovered over 90,000 salaried individuals who falsely claimed deductions, costing the national treasury a staggering ₹1,070 crore. Now, the department has … Read more
ITR filing for the financial year 2024-25 (Assessment Year 2025-26) has officially begun, with the Income Tax Department permitting Excel Utility-based returns since May 30th. While online filing is still on the horizon, nearly 55,000 returns have already been filed as of June 2nd, 2025. Who Needs to File an Income Tax Return (ITR)? Whether … Read more
Now Get Your Aadhaar Number by SMS – UIDAI’s Easy Recovery System In today’s era, no important work can be done without an Aadhaar card. An Aadhaar card is asked for every important work because it is linked to our identity. In such a situation, if the Aadhaar card gets lost or stolen and the … Read more
Business Idea: Start This Small Home-Based Business Today And Get ₹60,000 Monthly Agarbatti Business: We are going to tell you about a business idea that you can start from your home at a very low cost. Neither heavy investment nor large space is required for this work. The special thing is that the demand for this … Read more
8th Pay Commission: What to Expect for Your Salary Big news for central government employees and pensioners! Discussions are ramping up for the 8th Pay Commission, with an official decision expected soon. This could lead to a substantial salary hike for around 1.25 crore families across India. While official confirmation is pending, the new commission … Read more
Rumors are swirling about a potential ban on the 500-rupee note in India, following the Reserve Bank of India’s (RBI) decision to discontinue the 2,000-rupee note. While digital transactions are increasingly popular, leading to a “less-cash” economy, many are wondering about the future of this common denomination. Will the 500-Rupee Note Be Banned? The RBI … Read more
PRESS RELEASRESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001 /Phone: 022 – 2266 0502 Money Market Operations as on May 30, 2025 @ Based on Reserve Bank of India (RBI) / Clearing Corporation of India Limited (CCIL).− Not Applicable / No … Read more
Shares of Mazagon Dock Shipbuilders Ltd. (MAZDOCK), a prominent defense PSU, recently took a 7% hit after reporting disappointing March quarter results. Despite this, Nirmal Bang Institutional Equities is still bullish, maintaining a “Buy” rating and raising its target price to Rs 4,350, suggesting a potential 25% upside. Q4 Performance and Key Takeaways The March … Read more
ITR filing alert 2025-26: Excel utilities for ITR-1, ITR-4 now support LTCG, rent receipts, new tax regime The Income Tax Department has released updated Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for the Assessment Year 2025–26 (Financial Year 2024–25), incorporating critical compliance and disclosure changes aligned with the Finance Act, 2024. These utilities, available … Read more
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)NOTIFICATIONNew Delhi, the 31st May, 2025No. 40/2025-Customs (N.T.)G.S.R. 362(E).— In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53,54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 1962 (52 of … Read more
