Taxpayers must provide more details to support deduction and exemption claims.
'Taxpayers should not ignore any of these notices. Verifying the facts and responding promptly can help resolve issues early and avoid unnecessary litigation.'
The Nifty's stunning 200-point jump in the final minute of trading wasn't a glitch. It marked India's shift to a new, globally accepted system of end-of-day price discovery.
A farmer in Maharashtra received a message indicating a one-paisa credit instead of the expected Rs 2,000 under the PM-Kisan scheme, causing confusion. The Agriculture Department later clarified it was a technical error and the full instalment had been successfully processed.
Commercial banks in India recorded their highest credit growth in two years, accelerating to 18.6 per cent year-on-year by June 27, while also mobilising nearly 7 trillion in deposits, marking the third-highest fortnightly deposit growth in 29 years.
Indian fast bowlers Akash Deep and Mukesh Kumar were on Friday appointed as Deputy Superintendents of Police (DSPs) by the Bihar government under its 'Medal Lao, Naukri Pao' policy, with Akash calling it a "big responsibility" and urging students to maintain peace amid the ongoing protests over the alleged NEET paper leak.
Actor Mohanlal has declared possession of 10 elephant tusks and 13 ivory idols to the Kerala Forest Department under an amnesty scheme. This new disclosure comes as he continues to face trial for alleged illegal possession of wildlife articles, a case that originated in 2011 and has seen the Kerala High Court direct the continuation of legal proceedings against him.
In a landmark decision, the Supreme Court of India has quashed the 2021 Office Memorandum allowing retrospective environmental clearances, reinforcing the importance of prior environmental approval for projects but held that the judgment will apply prospectively, thus saving projects that got retrospective ECs from demolition and other punitive measures.
The Indian government is set to revamp its Target Olympic Podium Scheme (TOPS), focusing on quarterly athlete evaluations and prioritising high medal-yielding sports like aquatics and cycling to improve performance at the Olympic Games.
The Centre's 'Support to Poor Prisoners' scheme has aided 458 prisoners unable to pay fines or secure bail. The scheme, launched in 2023, aims to provide financial assistance to those facing financial constraints.
The Enforcement Directorate has restored assets worth over 15,000 crore to a Supreme Court-appointed committee for distribution to investors defrauded in the PACL (Pearls Group) Ponzi scheme.
'At the end of the day, it is just another technology produced by the human mind.'
The good news is that you don't need to spend hours manually comparing every scheme. In this article, we have explained how you can shortlist a winning fund in a few minutes by evaluating some crucial parameters.
FIDE's decision to shortlist the All India Chess Federation for a prestigious FIDE Excellence Award has ignited a fierce debate within the Indian chess community.
Lieutenant General Syed Aamir Raza's loyalty to Field Marshal Asim Munir during the turbulent times appears to have stood him in good stead, points out Rana Banerji, who headed the Pakistan desk at R&AW.
BCCI selectors have reportedly informed Rohit Sharma that they plan to move on from him after the ODI series against England.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
Beyond imprisonment, candidates caught cheating face cancellation of examination scores, blacklisting under China's social credit system and multi-year bans from appearing in state examinations.
A Mumbai consumer court has directed Flipkart and its seller to refund over Rs 1.11 lakh to a customer who received beard growth oil instead of an Apple iPhone, and to pay an additional Rs 70,000 in compensation and litigation costs, citing "unfair trade practice" and "deficiency in service."
Marriage, childbirth, dependent parents and ageing increase the cover a person needs.
The Enforcement Directorate (ED) has attached fresh properties worth over Rs 5,000 crore as part of its money laundering investigation against Chandigarh-based PACL (Pearls Group), accused of orchestrating a Rs 48,000 crore ponzi scheme.
The failure of the State when it directly affects our lives, through a corrupt exam system, has produced this current anger, points out Aakar Patel.
'The market is currently neither cheap enough to be exciting about nor expensive enough to worry about.'
The Indian education ministry has undergone a significant reshuffle of top officials, including the removal of higher education secretary Vineet Joshi, amidst widespread controversies surrounding NEET-UG paper leaks and CBSE digital evaluation glitches, with the opposition demanding the resignation of Minister Dharmendra Pradhan.
SBI Funds Management, India's largest asset management company, has set its IPO price band between 545 and Rs 574 per share, valuing the company at 1.2 trillion. The management explained the 'moderate' valuation aims to instil investor confidence amidst market uncertainty, while also highlighting plans for AI integration, expansion into GIFT City, and new alternative investment funds.
Despite aggressive expansion, India's solar power sector faces significant hurdles from rising regional disparities in installed capacity and a looming manufacturing glut due to overcapacity in domestic solar equipment production, potentially leading to consolidation and pricing pressures.
'Users should protect their savings goals before allocating money to discretionary expenditure.'
Maharashtra School Education Minister Dada Bhuse stated that despite 5.5 lakh students having non-updated Aadhaar IDs, no student is being deprived of government scheme benefits or facing educational hurdles. He clarified that the government is actively conducting special camps and has issued instructions to ensure continuous access to education and benefits while the update drive is underway.
Tata Electronics has surpassed Taiwanese giant Foxconn in assembling iPhones for export from India during the FY22-FY26 PLI scheme period, with exports valued at $26.3 billion compared to Foxconn's $25.6 billion.
Dharmendra Pradhan's political career faced an unexpected jolt as he resigned as Education Minister following nationwide protests over the NEET paper leak, marking a significant departure from the government's initial dismissive response to the agitation.
A recent SBI Economic Research report indicates that the significant gap between credit and deposit growth, currently over 530 basis points, is likely to persist if geopolitical risks and external supply shocks continue. However, an improvement in deposit growth is anticipated with inflows into foreign currency non-resident (bank) deposits.
Outward remittances under the Reserve Bank of India's Liberalised Remittance Scheme (LRS) saw a 7.85 per cent year-on-year contraction in April 2026, primarily driven by reduced international travel spending due to global uncertainty stemming from the US-Iran conflict.
A High Performance national coach for rifle shooters, Manoj Kumar, is under inquiry by the Sports Authority of India (SAI) for allegedly conducting private coaching at a government facility and discriminating against non-attendees. Complaints from shooters and guardians detail pressure to name him as their official coach and unequal distribution of ammunition. The National Rifles Association of India (NRAI) secretary general has refuted the charges.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
A Station House Officer (SHO) in Hoshiarpur, Punjab, has been shifted to Police Lines following a fact-finding inquiry initiated by Punjab Police. This action comes after news reports linked the officer to an extortion-related investigation by the US Federal Bureau of Investigation (FBI) under "Operation Hard Ball," targeting India-based organised crime syndicates. The US indictment alleges the officer's involvement in a $400,000 extortion scheme using false murder charges, drawing significant political criticism.
India's markets regulator, Sebi, has issued a warning to listed companies and regulated entities about an emerging cyber fraud known as the "Boss Scam." This scam involves fraudsters impersonating senior officials like CEOs or MDs to trick finance teams into transferring funds, often using advanced AI tools or malicious software. Sebi advises organisations to verify requests independently and report incidents to prevent financial losses.
Former India player Parthiv Patel has expressed confidence that Rohit Sharma will silence critics with a defining century in the series-deciding third ODI against England, amidst speculation that it could be his last international game. Reports suggest selectors have indicated Rohit is not in their plans for the 2027 World Cup, leading to retirement or dropping possibilities.
Avoid builders with very large commitments.
A Pune court has granted bail to NCP (SP) office-bearer Mahadev Balgude, ruling that criticism of the government or chief minister does not constitute "waging war" against the nation. The court emphasised every citizen's right to comment on and criticise government actions, noting that the charges under Bharatiya Nyaya Sanhita Section 152 were debatable.
'We have to pull 80 million workers out of agriculture and go back to where we were in 2014. That itself is going to be a huge task.' 'We have already lost time, and that is a catastrophe impending.''
