Flexi-Loan

The income-tax department has till date notified all ITR forms for assessment year 2026-27 i.e. financial year 2025-26 (AY27 / FY26) and enabled Excel Utility for ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam), ITR-5 and ITR-7 online forms. You can access them here — https://www.incometax.gov.in/iec/foportal/downloads/income-tax-returns Taxpayers can register / login on the e-filing portal (https://www.incometax.gov.in/)…

Many taxpayers wonder whether forming a Hindu undivided family (HUF) can help them manage their taxes more efficiently. Since an HUF is recognised as a separate taxable entity under the income tax law, it has its own tax treatment. The entity comes into existence by operation of Hindu law when a family exists and Buddhist,…

Taxpayers filing their income tax returns (ITR) for Assessment Year (AY) 2026-27 should ensure they disclose details of all bank accounts held in India during the financial year 2025-26, not just the account used for salary credits or day-to-day transactions. The requirement is specified in the Income Tax Return forms notified by the Central Board…

A Pune woman living in Baner, an upscale residential and commercial suburb located in North-West part of the city, shared her ordeal of mounting monthly expenses of a working couple with one toddler. Struggling to manage household expenses, she listed the basic expenditures that the family of 3 incur in a month. The caption to…

The Employees’ Provident Fund (EPF) is a secure, long term investment tool and retirement savings option for salaried individuals in India. You are eligible to open an EPF account if your basic pay and dearness allowance are up to ₹15,000, and you can add the voluntary provident fund (VPF) option if the basic pay and…

I have transferred ₹5 lakh as a gift to my non-resident Indian (NRI) child’s non-resident ordinary (NRO) account. He has transferred that amount to his non-resident external (NRE) account and subsequently invested it in a fixed deposit, in which the interest is tax-free for him. Are there any income tax consequences to doing this for…

Real estate can be a powerful tool for building long-term wealth and Cody Berman is one example of that. The “Retire by 30” author says investing in property played a major role in helping him achieve financial independence. The US-based entrepreneur’s journey began with a house hack, a strategy that involves renting out part of…

Active equity mutual funds have outperformed their respective benchmark indices in both long-term annualised returns and downside protection, according to an analysis by Capitalmind Financial Services Private Limited. The analysis compares the equal-weighted average performance of direct active funds in the large-cap, mid-cap, small-cap and flexi-cap categories that have been live since 2013 with their…

The 8th pay commission is in the discussion phase before it releases its official recommendations on pay hikes, allowances, salary structure, and more. Constituted once a decade, it is expected to make significant decisions impacting pay for central government employees and pensioners. Around 1 crore beneficiaries — nearly 50 lakh central government employees and close…

The income tax department has introduced a mandatory secondary address field (if applicable) across all income tax return forms for AY 2026-27, making it one of the most notable changes in this year’s filing process. This means taxpayers filing ITR for financial year 2025-26 will have to furnish an additional communication address, in addition to…