GST Network on Saturday said beginning the July tax period, GST taxpayers will not be able to file monthly and annual GST returns after three years of the original filing due date. The July 2025 tax period means taxpayers will file
They are not just underreporting income; they are reshaping what the income tax system perceives, says study.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
Many high-profile IPOs in India since 2021 have destroyed investor wealth due to overvaluation, weak business models, and post-listing disinterest, turning 1 lakh investments into as little as 3,500.
'Geopolitically and diplomatically it's a very difficult situation for India.'
rediffGURU T S Khurana answers readers' personal income tax queries.
Without changes to the taxation rules, buybacks are expected to remain scarce.
Master the online ITR filing process and then learn the differences between the old and new tax regimes to pick your best option.
Additionally, rates in the aviation sector are also expected to increase due to huge claim outgo in the Air India crash.
Any industrial policy is only as good as how it is applied and the other reforms that support it. This was as true 40 years ago as it is now, points out Debashis Basu.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The crash has dealt a blow to the conglomerate's efforts to turn around Air India, especially following its merger with Vistara in 2024.
Will cooperate with govt and judicial authorities: RCB after stampede FIR against it
rediffGURU T S Khurana answers readers' personal income tax queries.
Prime Minister Narendra Modi and US President Donald Trump have vowed to move forward with plans to work together to build US-designed nuclear reactors in India. The decision was made during their meeting at the White House, where they also agreed to significantly expand energy cooperation. The move comes after India announced plans to amend its nuclear liability law and the Atomic Energy Act, which had previously been obstacles to the implementation of the US-India civil nuclear deal.
Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
X calls the home ministry's Sahyog portal a 'censorship portal', stating it usurps judicial functions.
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
Singh said that about 150 people including women and forest, revenue and other officials were present at the time of the incident, and if the officials were assaulted, "why are there no eyewitnesses".
The change in stance to neutral from accommodative in the June monetary policy meeting does not necessarily signal that the Reserve Bank of India's (RBI's) rate setting body - monetary policy committee (MPC) - will go on a prolonged pause on rate cuts going forward, believe experts.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries.
'With the US having entered the war, raising the risks of a wider conflict, those impacts could be even more damaging.'
Data centres are increasingly becoming a key part of the real estate landscape, as reality firms - with rich expertise in land acquisition, construction and dealing with government approvals - are seeing them as opportunities to build long-term assets with continuous revenue flow.
Given the 2024 general elections, it is unlikely that the allegations around electoral bonds, raised by the Opposition, will disappear easily or with a shrug of the BJP's shoulders and fabled 56-inch chest, argues Shyam G Menon.
After an FIR was lodged against them, KSCA president Raghuram Bhat, secretary A Shankar and treasurer E S Jayaram submitted in the Karnataka high court that the gate management and crowd management were not the responsibility of the association.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
Tax experts answer your budget-related queries
Your AMC shuts shop. Panic? Wait. What happens next isn't what most fear.
The Islamabad high court is set to hear the petitions requesting the suspension of sentences to Khan and his wife Bushra Bibi in the 190 million Pound Al-Qadir Trust case on June 11.
Whether you're a young professional, a seasoned entrepreneur, or someone simply looking to take control of your financial future, adopting these principles can be life-changing, says Ramalingam Kalirajan
The Indian government has announced new rules for non-governmental organizations (NGOs) receiving foreign contributions under the Foreign Contribution (Regulation) Act (FCRA). These rules include requiring NGOs to obtain a "Not a Newspaper" certificate from the Registrar of Newspapers for India if they engage in publication-related activities, as well as submitting financial statements and audit reports for the past three years. Additionally, NGOs must submit a commitment letter from the donor, a project report detailing proposed expenses, and a declaration that administrative expenses will not exceed 20% of the foreign contribution.
Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, founder and CEO, RightHorizons.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Five of the seven newly sworn-in ministers in Delhi, including the chief minister, have declared criminal cases against themselves, while two are billionaires, according to the Association for Democratic Reforms (ADR). The findings are based on self-sworn affidavits submitted by the ministers ahead of the 2025 Delhi Assembly Elections. The report highlights that five ministers, including Chief Minister Rekha Gupta, have declared criminal cases against themselves, with one minister, Ashish Sood, facing serious criminal charges. On the financial front, two ministers are billionaires, with Manjinder Singh Sirsa having the highest declared assets worth Rs. 248.85 crores and Kapil Mishra having the lowest at Rs 1.06 crores. The average assets of the seven ministers stand at Rs 56.03 crores. All seven ministers have declared liabilities, with Parvesh Sahib Singh having the highest at Rs 74.36 crores. Six ministers have declared educational qualifications of graduate level or above, while one has completed only the 12th standard. Five ministers are between 41 and 50 years old, while the remaining two are aged between 51 and 60 years. The cabinet includes only one woman minister, the chief minister.
The income tax department has notified ITR forms 1 and 4 for assessment year (AY) 2025-26 that are to be filed by individuals and entities with total income of up to Rs 50 lakh a year. Now individuals having long-term capital gains of up to Rs 1.25 lakh in a fiscal year can also file ITR-1.
At 82, Amitabh Bachchan is India's highest tax-paying celebrity, surpassing A-listers like Shah Rukh Khan, Aamir Khan and Salman Khan, as well as south superstars like Rajinikanth and Vijay.
ITRs with zero tax liability have increased to 55.7 million in FY25.
