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Income-tax returns: The income-tax department has released excel utility of its ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam) online forms for financial year 2025-26 i.e. assessment year 2026-27 and notified all ITR forms 1-5 for this tax year (FY26 / AY27). Notably, availability of excel utility means that you can prepare your returns offline before…
Government employees cannot be denied pension and other retirement benefits solely because they remained absent from work without sanctioned leave, the Orissa High Court has ruled. The court held that unauthorised absence, by itself, does not amount to grave misconduct warranting compulsory retirement unless the employer establishes that the absence was wilful. The judgment came…
Taxpayers with a total income exceeding ₹1 crore have to adhere to an additional compliance requirement while filing their income tax return (ITR). Besides reporting their income, they must also disclose their assets and liabilities under Schedule AL of the relevant ITR form. This step is particularly important because incorrect or incomplete disclosures can attract…
The Finance Ministry in April announced 2% increase in Dearness Allowance (DA) for central government employees and pensioners, with effect from 1 January 2026, effectively taking DA to 60% of basic pay from 58%. Notably, DA is a percentage of employees’ pay aimed at helping households manage the increased cost of living. It is provided…
The 8th pay commission is seeking candidates for full and part-time consultant roles on a contractual basis. Eligible applicants can send in their entries through a form on the CPC’s website, according to the posted notice. It added that the vacancies are for a fixed period and require “high end services or for attending to…
The revamped Employees’ Provident Fund Organisation (EPFO) member portal now offers salaried employees two ways to transfer their EPF account balance from a previous employer to their current account after a job switch. The latest feature aims to simplify the provident fund balance transfer process, reduce paperwork and help employees consolidate their retirement savings without…
Most investors instinctively seek safety in numbers. When everyone is buying a stock, joining the rally feels comfortable. When markets fall, selling alongside the crowd seems like the logical decision. However, legendary investor and psychologist Fred C. Kelly argued that this very tendency is what causes most investors to underperform. In his classic book, Why…
Vijay Kedia-backed Kedia Securities has acquired 3.58 lakh shares in Exato Technologies, raising the combined holding of the firm and persons acting in concert to 9.68% of the company’s paid-up share capital. The stock has delivered near-multibagger returns in the last year, rising over 90%. The acquisition marks a 3.56% stake in Exato Technologies. After…
Markets witnessed a strong rebound on Friday, with benchmark indices gaining nearly a per cent amid supportive global cues and encouraging earnings from the IT pack. However, participants remain watchful of geopolitical developments and world market performance, which could influence market direction in the coming sessions. Here are two stock recommendations for Thursday: CDSL –…
EPFO: The Employees’ Provident Fund Organisation (EPFO) this month completed migration of its member database to a centralised platform under the Centralised IT Enabled Services (CITES) project, as per the Ministry of Labour and Employment. In a statement last week, Union Labour and Employment Minister Mansukh Mandaviya noted that this development marks a significant overhaul…