Declaration of foreign assets: If foreign assets were not declared in the original Income Tax Return (ITR) filed for AY 2024-25, a revised return must be filed by December 31, 2024. Failure to do so could result in a penalty of up to Rs 10 lakh, according to a recent advisory from the Income-Tax Department. … Read more
New Delhi: The Centre on Friday extended the interest equalisation scheme on pre- and post-shipment rupee export credit by two months for the micro, small and medium enterprises (MSMEs). The scheme, which seeks to promote outbound shipments by providing interest benefits to exporters, was to end on June 30. It has now been extended to … Read more
The Income Tax Department on Friday said over 8 crore income tax returns were filed for assessment year 2023-24 till date. In a post on X, I-T deparment said: “Unique landmark for the Income-tax Department! Over 8 crore ITRs filed for the AY 2023-24 till date,” the income tax department said in a post on … Read more
Mutual Fund systematic investment plans (SIPs) can empower retail investors in numerous ways. These instruments democratise investment opportunities, ensuring even small investors can build a substantial portfolio over time. Capital appreciation, disciplined goal-based savings, risk management, affordability, and ease of investing are pivotal elements that empower retail investors through SIPs. 1) Investing small amounts: … Read more
The last chance for filing Income Tax Returns (ITR) for the financial year 2022-23 is no longer a distant deadline, but an immediate obligation as the year comes to a close. If you haven’t filed your ITR yet, December 31, 2023, is your final opportunity to do so but it comes with penalties and interest … Read more
Vice President Jagdeep Dhankhar. File. | Photo Credit: PTI Vice President Jagdeep Dhankhar has said commercialisation of education and health can never be in the interest of society. He expressed hope that the current situation will change with the implementation of the new National Education Policy. Mr. Dhankhar was addressing the 11th foundation day ceremony … Read more
The State government is mulling over introducing the interest waiver scheme on water dues (for domestic consumers) as it has asked the Mysuru City Corporation to submit a proposal in this regard. The direction came at a meeting chaired by Minister for Urban Development B.S. Suresh (Byrathi) in Bengaluru on Thursday, August 31, in which … Read more
The Nifty has closed below its short-term moving average and the broader price structure. According to technical analysts, these indicate a possibility of a bearish head and shoulder pattern formation. Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, … Read more
Jodhpur: Rajasthan Chief Minister Ashok Gehlot addresses the divisional level workers’ conference against the BJP and the central government, in Jodhpur, Tuesday, March 28, 2023. (PTI Photo)(PTI03_28_2023_000218B) | Photo Credit: PTI Rajasthan Chief Minister Ashok Gehlot on Monday approved a proposal for giving 8% interest subsidy on loans obtained by the members of women’s self … Read more
Mumbai: Recent regulatory push for companies to borrow through corporate bonds has reduced reliance on banks for finance and deepened the capital market, rating agency India Ratings and Research (Ind-Ra) said on Thursday. While high-rated borrowers would continue to scout for the cheapest sources of funding, it will ultimately be a function of the capital … Read more