Personal loan: A case of fraud has come to light in Pune, where a borrower took a loan of ₹5 crore from a bank against the collateral of a property. The same asset was later used to raise another loan from a cooperative bank without obtaining a no-objection certificate from the previous bank. The borrowers…

Do you often use a credit card? When you bought something last time, you probably swiped a card or tapped your phone without a faint thought. That quick, simple action creates a ripple effect of data — a digital trail that’s building a surprisingly detailed profile of your life. It’s not just about what you…

Filing an Income Tax Return (ITR) is an essential yearly financial task for every eligible individual. Whether you are a salaried employee, self-employed, freelancer, or business owner, you may often face several doubts about the process, from the ways of filing the ITR form to understanding penalties, missing due dates, and more. To make things…

Have you newly joined the workforce? Have you applied for a personal loan or a credit card and got rejected due to the lack of a credit score? For new-to-credit individuals who have just joined the workforce, the lack of a credit score can make it difficult to get access to credit instruments. If you,…

ITR Filing: It is that time of the year again when taxpayers across the country file their income tax returns (ITR). As such, here’s a detailed look at the ITR due date, the last deadline to file returns, delayed ITR filing and penalty for late filing of your income tax returns. Before filing your ITR…

I started a two-year fixed deposit (FD) in January at a 9% interest rate. On 31 March, the bank calculated the interest earned/accrued at 9% for three months and charged tax deducted at source (TDS). The annual information statement (26AS) shows the interest income of 9% over three months and demands tax on it. However,…

The count has jumped from 33,896 as of 31 March 2024 to 146,208 as of 30 June this year. But it’s not just the NSE. Tata Capital, the Metropolitan Stock Exchange and the National Commodity and Derivatives Exchange are among the companies that have seen investor appetite for their unlisted shares grow. However, investing in…

The ‘substance over form’ principle in tax law means that what really happens in a transaction matters more than how it looks on paper. It empowers tax authorities to look past legal documents to understand the true purpose and effect of a deal. Tax authorities often invoke this doctrine when it helps them deny benefits,…

8th pay commission news update: The Centre has approved implementation of the 8th Pay Commission, which is set to revise the allowances, pensions, and salaries of present and retired central government employees, in line with inflation. While this was announced by Union minister Ashwini Vaishnaw in January, since then, there is much buzz about what…

Finance Minister Nirmala Sitharaman moved to withdraw the New Income Tax Bill, 2025, on Friday, after a Parliamentary Select Committee led by BJP MP Baijayant Panda suggested host of changes to the legislation. The revised New Income Tax Bill, 2025, will be introduced in the Parliament on August 11, sources said. The House approved the…