Unutilised CGAS funds: Don't let 3-year exemption deadline trigger tax notice
A widespread misconception exists that capital gains tax remains deferred until funds are physically withdrawn from the CGAS account.
A widespread misconception exists that capital gains tax remains deferred until funds are physically withdrawn from the CGAS account.
Mumbai: The Indian rupee logged its best day in nearly a month, climbing nearly 50 paise against the dollar Tuesday, amid reports that Saudi Arabia would reduce crude oil prices for Asian buyers as shipments fully resume through the Hormuz Strait, traders said. “The rupee traded stronger after reports said that Saudi Arabia cut its…
Taxpayers with business or professional income who are not required to get their accounts audited have just days left to file their income tax returns for the assessment year 2026-27, with the deadline set for August 31. Till August 20, over 2 crore ITR-3 and ITR-4 returns were filed on the e-filing portal, taking the…
Salaried individuals who were eligible for provident fund (PF) coverage but remained outside the formal system between April 1, 2009 and March 31, 2026, now have a one-time opportunity to get enroled under a special EPFO campaign. The Employees’ Enrolment Campaign (EEC) 2026, which will remain open until October 31, 2026, aims to facilitate voluntary…
A secure, long term investment tool and retirement savings option, the Employees’ Provident Fund (EPF) allows members to withdraw full or partial funds under specific conditions. While partial withdrawal is permitted even before retirement, final settlement is approved only after you leave employment. You are eligible to open an EPF account if your basic pay…
Despite differences in investment strategies, a handful of small-cap stocks have emerged as favourites among fund managers. Companies from sectors such as housing finance, consumer durables, banking and logistics are each held by more than 100 mutual fund schemes. The latest analysis by Value Research of actively managed mutual funds reveals the 10 most widely…
Punjab Finance Minister Harpal Singh Cheema said the state is considering legal options, including appealing to the Supreme Court, after the Punjab and Haryana High Court directed it to clear pending dearness allowance (DA) of employees and pensioners within 15 days, PTI reported. Speaking to reporters on Tuesday, a day after the HC order, Cheema…