أخبار ذات صلة
India's Festive Season Sees Premiumisation Boom Amid Global Uncertainty
India's festive shopping season is set to highlight a premiumisation boom, driven by resilient consumer demand, rising household wealth, and an expanding affluent class. This trend persists despite global uncertainty from the US-Iran conflict, with companies expecting continued upgrades to premium products.
Income Tax Return Filing Deadline Not Extended for Salaried Taxpayers; Late Fees Apply
The July 31, 2026, income tax return filing deadline for salaried taxpayers, pensioners, and students was not extended, leading to late fees of up to Rs 5,000 for those who missed it. Taxpayers with business income or requiring a tax audit have later deadlines, with the CBDT reporting over 5.5 crore ITRs filed by July 30.
Retiring with Debt: Affordability Over Elimination, Experts Advise
Experts advise that retiring debt-free isn't always necessary; affordability of EMIs with stable post-retirement income is key. High-interest unsecured loans are the biggest risk, while manageable home loans may be acceptable. Strategic debt management and income generation are crucial.
Options for Taxpayers Who Missed the July 31, 2026 Income Tax Return Deadline
Taxpayers who missed the July 31, 2026 income tax return deadline have options: file a belated ITR by December 31, 2026, with a late fee (Rs 1,000 or Rs 5,000), or submit a condonation of delay application. Missing the deadline incurs interest on unpaid taxes, loss of carry-forward benefits, and potential increased scrutiny.
Single vs. Multiple Fixed Deposits: Optimizing Large Investments for Liquidity and Safety
Investors with large sums, such as Rs 10-15 lakh, face a choice between single or multiple fixed deposits. Splitting FDs offers enhanced liquidity, increased deposit insurance coverage, and flexibility through laddering, but requires more management effort. The decision depends on liquidity needs, financial goals, and risk appetite.
Senior Citizens Can Get Up To 8.3% FD Interest: How To Avoid TDS
Senior citizens can secure fixed deposit interest rates up to 8.3% for a three-year term, with Jana Small Finance Bank offering the highest. The article details how to avoid Tax Deducted at Source (TDS) on FD interest exceeding Rs 1 lakh by submitting Form 15H, especially if their total tax liability is zero.