If you have received an intimation under Section 245 of the Income Tax Act, 1961, it does not necessarily mean you have done something wrong. It simply means the Income Tax Department intends to adjust your income tax refund against an outstanding tax demand from an earlier financial year. Here’s what a Section 245 intimation…
by Calculated Risk on 1/08/2026 08:30:00 AM The DOL reported: In the week ending January 3, the advance figure for seasonally adjusted initial claims was 208,000, an increase of 8,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 199,000 to 200,000. The 4-week moving average was 211,750,…
Crypto investors are being urged to ensure they have reported any capital gains to HMRC or face fines worth hundreds of pounds amid new transparency rules being introduced next year. Financial Conduct Authority (FCA) data suggests around 8% of UK adults, roughly 4.5 million people, now hold cryptocurrency such as Bitcoin. But commentators warn that…
The Employees’ Provident Fund Organisation (EPFO) has introduced two online ways for salaried employees to transfer their EPF balance from a previous employer to their current EPF account. The feature is available on the revamped EPFO Member Portal and aims to make the transfer process faster, simpler and completely online. The move is part of…
Government payments rarely get discussed as financial infrastructure. They’re usually treated as administrative outputs. Benefits are approved, refunds are issued and claims are processed. For millions of households, however, the moment money actually arrives can determine whether they pay a bill on time, avoid borrowing or stay connected to everyday economic activity. The PYMNTS Intelligence…
These investments have a tendency to crash and burn
Today, 1 in 8 Americans receive Supplemental Nutrition Assistance Program (SNAP) benefits. Roughly 1 in 2 will qualify at some point in their lives. That is not a niche at the edge of grocery retail. That’s the mainstream, cycling in and out of eligibility as the economy tightens and loosens. Forage is building for that…
More geopolitical instability, more frequent supply shocks and macro volatility are facing investors in an era that’s just starting, says Charles Schwab.
If you’ve donated to a charitable institution and plan to claim a tax deduction, your donation receipt alone may no longer be enough. The Income Tax Return (ITR) forms for Assessment Year (AY) 2026-27 require taxpayers claiming deductions under Section 80G of the Income-tax Act to provide additional payment details, including the transaction reference number…
While a prenuptial agreement is often misunderstood as a document that anticipates divorce, it should be viewed as a thoughtful plan created when two people who love and trust each other are openly communicating and making collective decisions about their future. A carefully drafted prenup protects more than financial assets—it protects expectations and minimizes uncertainty….