Think again. Not filing could cost you. Here's who must file, who should, and why it matters. What's more, the deadline to file your ITR has been extended till September 15, 2025
A moving goods train carrying diesel caught fire on Sunday at Tiruvallur in northern Tamil Nadu severely affecting train services on the arterial Chennai-Arakkonam rail route, which also links Chennai with Karnataka, Kerala and Andhra Pradesh, officials said.
In response to the panic triggered by Trump's trade policies, the RBI net sold approximately $43 billion in the second half of FY25 to curb volatility, as the rupee plunged to a low of 87.95 per dollar in February this year.
Despite similar tax treatment, debt MFs enjoy certain advantages over FDs.
Amid demands for allowing Holi celebration on the Aligarh Muslim University (AMU) campus, its administration has decided that students can do so "freely" at the Non-Resident Students Centre Hall. The decision came after a controversy erupted when members of a right-wing group accused the university administration of denying permission to Hindu students to organize a 'Holi Milan' function on campus. However, the university administration clarified that the decision to allow Holi celebrations at the NRSC Hall was taken because of an AMU board examination scheduled for March 9. The administration further stated that March 10, 11, and 12 are working days and there will be classes, while March 13 and 14 are holidays, making them suitable for celebrations.
The Reserve Bank of India (RBI) has extended the trading hours for the interbank call money market from July 1, and that of repo and tri-party repo markets from August 1. Market participants said the decision is intended to help reduce the large Standing Deposit Facility (SDF) balances held by banks with the RBI, thereby addressing liquidity mismatches.
Errors in filing income-tax returns frequently lead to scrutiny notices, additional liabilities, or delayed refunds.
Consider taxation and currency risks before choosing between NRI, NRO and FCNR accounts.
rediffGURU Dr Karan Gupta, education counsellor and the founder of Karan Gupta Consulting and the Karan Gupta Education Foundation offers expert advice on overseas education, including courses, admissions and visa guidance.
The Kananaskis gathering on June 16-17 is the Prime Minister's 6th consecutive participation in the G7 Summit.
Can a culture survive as a way of life, even as the language and writing at its core, alter with time? Can we be rational and Malayalee or do we have to necessarily be religious and proudly cultural to be Malayalee? asks Shyam G Menon.
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So far, RBI was granting Indian companies to issue non-convertible or redeemable preference shares or debentures to non-resident shareholders on a case-to-case basis.
In yet another step to attract foreign money, the Reserve Bank of India (RBI) has allowed non-resident investors to acquire shares of listed Indian companies through stock exchanges under the foreign direct investment (FDI) scheme.
The return filed could be treated as defective, invalid, or even be considered as not filed at all.
Non-Resident Indians can now cast votes in their home constituencies as the government has notified rules in this regard, fulfilling the longstanding demand of such people estimated to be 11 million.
A Kerala man, Ramachandran (65), was killed in a terrorist attack in Kashmir's Pahalgam, leaving his wife unaware of his death. Ramachandran and his wife, Sheela, were on a holiday with their daughter and grandchildren when the attack took place. The couple was known for their love of travel and had recently returned to Kochi after living in the UAE. The family is in shock and mourning Ramachandran's death. The Kerala government has launched a help desk to assist Keralites affected by the terror attack.
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
Anticipating US action on tariffs, India seems to have made the first move by revamping its tariff structure by reducing the slabs to eight rates, points out Mukesh Butani.
The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments received over the past five years, people familiar with the development said. The department is questioning the source, identity, and creditworthiness of overseas investors in these transactions, they said.
The eighth Budget of Finance Minister Nirmala Sitharaman continued to focus on 'GYAN' (Garib, Youth, Annadata, Nari) to maintain a consistent and coherent strategy initiated over the years in pursuing the government's vision for Viksit Bharat. The approach, characterised by incremental yet impactful steps, aims to create a compounding effect over time.
Religious tourism witnessed 1,439 million tourists in 2022, generating Rs 1.34 trillion in revenue.
Punjab National Bank on Saturday increased the interest rate on Foreign Currency Non-Resident (B) Deposit Scheme for dollar, British pound, euro and Canadian and Australian dollar with effect from June 1.
'There is no independently verified imagery or battlefield evidence to support Pakistan's claim.'
Payment for imports do not require these two forms.
The subscriber count made JioHotstar one of the largest OTT platforms in the world.
'We will start reaching out to researchers, academics, and experts on AI from top universities and companies from across the world.'
Aligarh BJP MP Satish Gautam has sparked a controversy over the celebration of Holi at Aligarh Muslim University, declaring that "no one can stop anyone from celebrating Holi inside the AMU campus". The controversy erupted after members of right wing Hindu groups accused the AMU administration of denying permission to the Hindu students to organise a 'Holi Milan' function on campus. Gautam has extended his support to Hindu students, saying, "If any Hindu student faces any problem in celebrating Holi inside the campus, then I am there to help him."
In September last year, India received financial information from over 108 countries regarding foreign accounts and income in the form of interest and dividend earned outside India.
Overseas Indians deposited around $4 billion in non-resident Indian (NRI) deposit schemes in April - June FY25, up 79 per cent over the amount deposited in these schemes in the same period last year, data released by the Reserve Bank of India (RBI) on Monday showed. In April - June FY25, inflows into the NRI schemes stood at $3.95 billion, compared to $2.21 billion during the same period a year ago. With this, the total outstanding NRI deposits as of June stood at $155.71 billion.
Tax experts answer your budget-related queries
Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.
'Despite rising inflows, many NRIs lack awareness about NRO and NRE accounts and mistakenly use family accounts or invest in a relative's name.' 'Many are unaware of tax implications.'
The new guideline aims at mitigating currency risk attached with the rupee borrowings.
An article on 'State of the Economy' in the monthly Bulletin also said the improvement in the outlook for agriculture and the revival of rural spending have turned out to be the bright spots in the evolution of demand conditions. Consumer price inflation ticked up in June 2024 after three consecutive months of moderation as a broad flare-up in vegetable prices halted the overall disinflation that had been underway, it said.
The Securities and Exchange Board of India (Sebi) on Tuesday announced that the top 500 stocks will be eligible for the same-day settlement cycle (T+0) in a phased manner. This move is seen as a fresh push to ready the market ecosystem to speed up the settlement cycle, which currently stands at T+1.
How did the thug access Saif Ali Khan's home?
The country's forex reserves touched a record high of $675 billion on August 2, Reserve Bank Governor Shaktikanta Das said on Thursday. The previous all-time high for the kitty was $670.857 billion on July 19 this year, and the last reported reserve was $667.386 billion as on July 26. Das said overall, the country's external sector "remains resilient" as indicated by an improvement in key indicators.
The country's current account deficit widened marginally to $9.7 billion or 1.1 per cent of GDP in April-June 2024, as against $8.9 billion or 1 per cent in the year-ago period, Reserve Bank of India said on Monday. The crucial number representing the country's external sector strength has come on the heels of a surplus of $4.6 billion or 0.5 per cent of GDP recorded in the preceding January-March quarter. The Reserve Bank attributed the year-on-year widening in current account deficit to a rise in merchandise trade gap which was recorded at $65.1 billion in Q1 FY25 as compared to $56.7 billion in the year-ago period.
Governor Banwarilal Purohit administered the oath of office and secrecy to 68-year old Stalin, for whom this would be the first stint as CM
