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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.
Apple Achieves Record Revenue in India, Mac Sales Hit All-Time High
Apple reported record revenue in India during the June quarter, with its Mac computers achieving their best-ever sales in the country. Global Mac revenue surged 29% year-on-year to $10.4 billion, driven by new and upgrading customers across emerging markets.
Commercial LPG Cylinder Prices Reduced for Second Consecutive Month
Commercial LPG cylinder prices have been reduced by Rs 202 in Delhi (to Rs 2,728) and Rs 209 in Kolkata (to Rs 2,872.50) for 19-kg cylinders, effective August 1, providing relief to LPG-dependent businesses like restaurants and hotels.
India to Resume Subsidized Bharat Atta and Rice Sales Ahead of Festival Season
India's Ministry of Consumer Affairs is restarting subsidized Bharat Atta and Rice sales, allocating 50,000 tonnes of wheat and 300,000 tonnes of rice, to mitigate price increases (6-7% for Atta in one month) and El Nino impacts before the festival season. Bharat Rice will initially cost ₹35/kg, rising to ₹36/kg from November 1, while Bharat Atta is fixed at ₹32/kg for 2026-27.