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Income Tax dept identifies cases of non-disclosure of foreign assets in ITRs, to start sending SMS/emails

The Income Tax department has identified individuals who have not reported foreign assets in their income tax returns. These taxpayers will receive SMS and emails starting November 28. They are advised to file a revised ITR by December 31, 2025.…

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Draft bill moots 10% education, 5% job quotas for disabled in Karnataka

This is part of a proposed landmark legislation that seeks to transform the lives of persons with disabilities by making inclusion a legal obligation. Among the other provisions, schools will be required to provide accessible infrastructure, learning materials in multiple…

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FMCG growth dips in Q2 FY26 on GST transition, but strong H2 revival seen: Report

India’s fast-moving consumer goods (FMCG) sector witnessed a brief moderation in growth during Q2 FY26 due to the impact of revised GST rates, but industry players remain upbeat about a strong revival in the second half of the fiscal, according…

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Tata, Reliance, Adani & Airtel — The behemoths want a space in this multi-billion centre

As data consumption soars and AI becomes increasingly vital, India’s leading firms are embarking on a significant investment journey into data centers. With industry titans like Tata, Reliance, Adani, and Bharti Airtel at the forefront, large-scale facilities are taking shape…

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Mahindra eyes selling 7k EV units per month by fiscal end

Mahindra & Mahindra has set an ambitious target to roll out around 7,000 electric vehicles each month by the end of this fiscal year. With plans to broaden their EV portfolio, they envision that electric vehicles will account for 25%…

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Rate cuts, tax breaks could lift India’s Nifty 50 to 30,000 by end-2026, J.P. Morgan says

India’s benchmark Nifty 50 index could climb to 30,000 by end-2026, implying an upside of about 15% from current levels, supported by steady fiscal and monetary policy that are expected to fuel demand, J.P. Morgan said on Wednesday.

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  • 8th pay commission to close job vacancies for consultant roles in August — Check eligibility, salary and other details

    8th CPC: The 8th pay commission has invited eligible candidates to fill vacancies for consultant roles. Here are details on job openings, qualifications required, salary and the deadline for applications.

  • EPFO portal now offers two ways to transfer your PF balance after changing jobs — here's the entire process

    The EPFO member portal now allows salaried employees to transfer their EPF balance from previous employers to current ones more easily, aiming to reduce paperwork. Here's how the process works and what all you need to know.

  • DA hike: Amid expectations of dearness allowance increase in July, here's a look at the past announcements

    DA hike: Amid expectations that the Indian government will announce dearness allowance increase in July 2026. we take a look at the trend of past DA hike announcements during the 7th central pay commission.

  • ITR filing 2026: If your income exceeds ₹1 crore, this disclosure is mandatory

    Taxpayers earning over ₹1 crore must file additional disclosures about assets and liabilities under Schedule AL when submitting their income tax returns. Details here.

  • Pension rules: Orissa HC says government employees can't lose pension over leave alone

    The Orissa High Court has ruled that unauthorised absence from work, by itself, is not grave misconduct that justifies compulsory retirement or denial of pension. The court restored a railway employee's retirement benefits after finding the punishment disproportionate.

  • Nasdaq 100 tops 20-year returns at 21%; Nifty Midcap leads Indian markets: Which investment created more wealth?

    The Nasdaq 100 emerged as the biggest long-term wealth creator over the last 20 years, with 21.3% returns. Among Indian equity benchmarks, the Nifty Midcap 150 TRI delivered the highest annualised return over the same period at 16.3%.

  • EPFO centralised database migration: Single portal for claims, digital interface, CITES project — Key features explained

    The Employees' Provident Fund Organisation (EPFO) has this month migrated entire member database to the Centralised IT Enabled Services (CITES) project. The overhaul of its digital infrastructure aims to make services faster, transparent and more citizen centric.

  • Received money, shares or property as a gift? It may be tax-free, but here's when you will have to pay tax

    Gifts from family can be tax-exempt, but not always. Tax treatment varies based on the giver, value, and occasion. Here's when a gift is tax-free when it becomes taxable.

  • Quant Small Cap Fund portfolio: Reliance Industries among 9 stock exits, 5 new additions in June

    Quant Small Cap added five new stocks to its portfolio in June while making complete exits from nine companies, including Reliance Industries. The fund also sharply increased holdings in RBL Bank, Sona BLW Precision Forgings and Anand Rathi Wealth while trimming exposure to several existing stocks.

  • Who is an NRI for income tax purposes? Know the conditions under which ITR filing is required in India

    Living abroad does not automatically exempt NRIs from filing an ITR in India. Tax filing depends on residential status, income earned from Indian sources, and other conditions such as salary, rent, capital gains, business income, TDS refunds, and DTAA claims.

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