Deadline for filing revised ITRs — urgency and what it means Today is the last date for taxpayers to file revised income tax returns (ITRs). The focus is on taxpayers who discovered errors or missed claims after filing their original return and planned to correct them before the cut‑off. If you need to change income … Read more
Filing an income tax return isn’t always final. Small slips—wrong bank details, missed deductions, or omitted income—can be fixed by submitting a revised return. But a crucial step often overlooked is verification: a revised return must be verified within 30 days, or it risks being treated as invalid. For a specific group of filers, the … Read more
Scale of unclaimed deposits in Indian banks As of 2024, unclaimed deposits sitting in Indian banks amount to ₹62,314 crore. These are funds in accounts that have not been operated for a long period, where the account holders or nominees have not claimed the balances. The total has risen noticeably since 2021, reflecting a growing … Read more
When tax authorities can hold buyers liable for a seller’s taxes: what businesses need to know Tax administrations in some jurisdictions now have the power to pursue a buyer directly for a seller’s unpaid taxes. That change shifts risk down the commercial chain and can catch buyers off guard — particularly companies that assume they … Read more
What the 31 December deadline means for ITR refunds Taxpayers who miss the 31 December deadline for filing a revised income tax return (ITR) face a real constraint: once that date passes, they generally lose the statutory opportunity to file a revised return for that assessment year, even if their original return is still awaiting … Read more
When will the 8th Pay Commission affect your take-home pay? The revised in-hand salary under the 8th Pay Commission will become effective only after the government makes an official announcement. However, any increase due to the new pay structure will be applied retroactively — with arrears beginning to accumulate from January and paid out once … Read more
The start of 2026 is a good moment for investors to pause, review, and recommit to time-tested principles. While headlines change and market conditions fluctuate, many financial experts stress that the basics — particularly asset allocation and diversification — continue to matter most for long-term results. Why the fundamentals still matter Markets can be noisy. … Read more
Common reasons credit card applications get rejected Credit card applications are denied for a handful of predictable reasons. Understanding these can help you avoid a frustrating “no” and improve your financial standing. The most common causes are: Weak credit history — A short or limited credit record gives lenders little confidence in your ability to … Read more
The removal of GST on health and term insurance has quietly reshaped how people think about protection. By trimming the cost of premiums, this policy change made comprehensive plans more attainable and nudged many consumers toward smarter choices and longer-term commitments. Why removing GST matters Tax matters for everyday decisions. Even a small percentage added … Read more
Cabinet clears 8th Pay Commission — what central employees and pensioners should know The Modi-led Cabinet has approved the creation of the 8th Pay Commission, and its recommendations will take effect from 1 January 2026. The move signals a formal review and expected revision of pay scales for central government employees and pensions for retired … Read more