Thousands of salaried taxpayers rely on Form 16 and salary slips while filing their income tax returns. But what happens if an employer deducts tax from salary and never deposits it with the Income Tax Department? The issue has come into focus after an Income Tax Appellate Tribunal (ITAT) ruling involving a former Byju’s employee,…
Dear HMRC, On 1 July 2026, HMRC amended several pages of its Business Income Manual dealing with interest relief, the funding of unincorporated businesses and the withdrawal of capital by proprietors. The pages affected include BIM45690, “Funding the business”, BIM45700, “Withdrawal of capital from a business”, and related guidance concerning capital accounts and Silk v…
I am a mom of four, one of whom is dual-enrolled in high school and college courses. I have also taught more than 1,000 college students over the last decade. Of course, I’ve seen students thrive and flounder over the years. The ones who succeed all seem to have some similarities. My experience has shown…
Nicholas & Associates, the construction management and general contracting arm of the Nicholas Family of Companies, has been selected by Moyer Properties as the general contractor for Aster Flats, a 263-unit, three-building luxury rental community set on a 4.86-acre site in Madison, Wisconsin. The ground-up development is the latest in Nicholas & Associates’ Wisconsin portfolio,…
Bank holiday today: Public and private banks across India will remain closed for upto 3 days in this week. Since, 19 July is Sunday, all banks across the country will remain closed today, including SBI, HDFC, ICICI, PNB and other banks. According to the Reserve Bank of India’s holiday calendar, bank operations will remain suspended…
Visa Inc. has been involved in various stages of stablecoin processing for the last three years, but this week the card network stepped up its involvement with the cryptocurrency, launching Visa Stablecoin Platform. The new service is starting out in beta testing with “select clients,” Visa says, as companies determine how the technology may work…
The nation got some good economic news last week, but Dallas Federal Reserve President Lorie Logan said it may not have been good enough. In fact, on Thursday she called for “modestly” higher interest rates to win a battle the Fed has been losing for the past five years, according to CNBC. Logan is a…
In a month where bonds have made a visible reconnection with fuel prices thanks to the Iran war resurgence, there have been several notable departures in the correlation. Today is the latest example. If we’re splitting hairs, we can still observe yields and fuel prices generally moving in the same direction overnight, but when fuel…
“If sales are higher and the prices are going down, that just shows that there is renewed interest and people are willing to purchase at more attractive offers and prices,” he said. “We’re maybe at the beginning of that tilt to the upside now.” Why the confidence of some first-time buyers is improving Against a…
A viral post claims SIPs delivered just 6.7% over two decades. But the calculation is flawed—and the flat market it cites is precisely when SIPs quietly do their best work.