Many taxpayers may think that citizenship alone determines where and how they are taxed but that is not entirely true. Under Indian income tax laws, a person’s residential status often…
Category: Banking And Finance
Why rushing to file your income tax return (AY 2026–27) could be a mistake
The launch of ITR-1 and ITR-4 offline utilities has officially commenced the tax filing period for AY 2026–27. Numerous salaried professionals are already organizing their paperwork, eager to fulfill compliance…
STCG vs LTCG: Difference between short-term and long-term capital gains tax, types of assets and rules explained
Capital gains tax is levied on the profit earned from the sale of capital assets such as land, buildings, stocks, virtual digital assets and other investments. In India, long-term capital…
Can PPF investors open multiple accounts in different banks? Rules explained
The Public Provident Fund (PPF) is a popular long-term savings scheme among Indian investors due to its government backing, tax benefits and assured returns on deposits. Offered through banks and…
SBI staff’s 2-day nationwide strike deferred
Kolkata: The proposed nationwide strike by staff on May 25-26 has been deferred following “positive discussions” between the bank management and representatives of in Mumbai on Friday, officials said. “The…
Missed life insurance premium payments? Know when your policy may lapse and revival rules
Life insurance is designed to provide financial protection to a policyholder’s family or dependents if the person passes away during the policy term. In exchange for this coverage, policyholders has…
Reliance on non-core income makes Indian insurers structurally weaker than global peers: Report
Mumbai: Investment incomes are driving profits for ‘s general insurance sector, making it structurally weaker when compared with global peers, which drive the bottomline through core operations, a report said…
Income tax returns 2026-27: Should pensioners file ITR? Tax rules, forms and deductions explained
Many pensioners may think that income tax filing becomes optional after retirement, especially if they are no longer receiving a salary income. However, pension income remains taxable in most cases,…
8th Pay Commission: Key Lucknow meetings begin on 22 June — all you need to know
The Eighth Central Pay Commission is steadily moving through its nationwide discussion and consultation phase. A series of scheduled meetings, discussions, and state visits will be held to collect inputs…
SBI asks over 52 crore customers to use alternate mediums to transact as staff call two-day strike
Mumbai: The country’s largest lender SBI on Friday advised customers to use alternative mediums for transactions after a strike call by staff for early next week. SBI has requested its…