SEBI has barred mutual funds from investing in unlisted or pre-IPO shares, allowing participation only during the IPO or as anchor investors. The move aims to enhance transparency, ensure fair valuations, and protect retail investors.
The Income Tax Department has issued a notice under Section 131A to MP Pappu Yadav for distributing Rs 3000 to Rs 4000 in cash to flood-affected people without disclosing the source of funds.
If your income tax refund couldn't be credited because your bank account is closed, don't worry. Simply update your new active bank account details on the Income Tax e-filing portal, and your refund will be reissued smoothly, just like in this real example shared on X.
Made a mistake while paying income tax challan like selecting the wrong Assessment Year? Don't worry! The Income Tax Department now allows easy online challan correction through the e-filing portal. Learn step-by-step how to fix challan details such as Assessment Year, Major Head, or Minor Head quickly and hassle-free.
From November 1, 2025, bank account holders can nominate up to 4 individuals and allocate specific percentage shares under the new Banking Laws (Amendment) Act, 2025.
28 October 2025 at 09:34
Discover how legends like Amitabh Bachchan, Akshay Kumar, Anand Bakshi, and Asha Bhosle turned fear into fuel and courage into timeless success.
The 31st of October 2025 marks a crucial date for taxpayers and professionals, with three major deadlines coinciding - the Tax Audit Report (Form 3CD), the Income Tax Return (ITR) filing for audit cases and the TDS Return for Q2.
The CBIC clarification dated 18 July 2025 (Letter No. CBIC-110267/107/2023-CX) has resolved the Sikkim GST dispute on excess Budgetary Support Scheme (BSS) refunds. It confirms that eligible manufacturing units in Sikkim can claim refunds based on actual value addition under the BSS notification, not restricted by the fixed cap in Para 5.8.
The Allahabad High Court ruled that taxpayers cannot be denied refunds merely due to mismatches in Form 26AS if valid proof of TDS, such as Form 16A, is provided. The Court emphasized that the Income Tax Department must verify discrepancies with the deductor and not penalize honest taxpayers for deductor errors.
27 October 2025 at 11:32
Learn which high-value bank or credit card transactions can trigger an Income Tax notice, how SFT reporting works, and tips to stay compliant with ITR rules.
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