Missed declaring foreign assets? Here’s your relief window—with a catch.
The CBDT is giving small taxpayers, NRIs and employee stock option holders until 31 December to avoid severe Black Money Act penalties, but this immunity comes at a steep cost.
Similar Posts
Retired PSU employee faces ₹2 lakh tax demand over Form 16 omission; ITAT Pune grants relief
A retired PSU employee got relief from the Income Tax Appellate Tribunal (ITAT), Pune, after tax authorities denied his leave encashment exemption solely because it was not reflected in his Form 16. Explaining the ruling on X, TaxBuddy founder Sujit Bangar mentioned that the ITAT held the exemption under Section 10(10AA) and it does not…
Ask the right questions before you borrow: CRIF’s Sachin Seth
How should a retail borrower navigate all these options? The good news is that consumers today have access to more information than ever before. There are numerous digital tools, educational resources, and financial platforms that can help individuals better understand credit products and compare available options. Credit bureaus also play an important role by enabling…
8th pay commission: Submission window for data collection portal extended — Check date, website, process, FAQs
The 8th pay commission has extended its window seeking submission of data from various central and state government and union territory (UT) departments and ministries through its 8th CPC Online Data Portal. While the earlier deadline was on 30 June, this has now been extended to 31 July 2026 in an order this week, giving…
Small-cap funds attract highest ever monthly inflow in July: Is your equity portfolio taking the right risk?
Small-cap mutual funds attracted a record ₹7,768 crore in July, while large-cap funds saw their first monthly outflow in 30 months. Mid-cap funds also remained popular, attracting ₹6,192 crore during the month. The sharp divergence raises a question for investors: should record inflows into small-cap funds prompt them to increase their own allocation to the…
Info Edge shares surge 11% after Q1FY27 billings rise 14% YoY
Shares of Info Edge (India) surged 11.05% to Rs 1,138.50 during Tuesday’s trading session after the company reported a strong operational performance for the quarter ended June 30, 2026. The sharp rally reflected investor optimism following healthy year-on-year growth in standalone billings and continued momentum across its key business verticals. The company’s standalone billings for…
US stocks today: Nasdaq lags on angst over AI spending ahead of earnings reports
The tech-heavy Nasdaq fell on Friday as investors sold chip stocks on worries about massive spending on artificial intelligence ahead of the next batch of megacap earnings reports, while falling oil prices provided Wall Street with some support even as Middle East hostilities continued. The S&P 500 ended close to flat but its biggest weight…
