For taxpayers who missed the original deadline to file their Income Tax Return (ITR) for FY 2023-24 (AY 2024-25), the clock is ticking. The final date to submit belated or revised ITRs is 31st December 2024. This deadline is applicable to all taxpayers, irrespective of their category, as mandated by the Income Tax Act. Filing …
On Thursday, December 19, 2024, Gold prices surged over 1% recovering from a one-month low, driven by short-covering as traders awaited critical U.S. economic data for further insights into the US Fed interest rate decision. By 02:51 GMT, spot gold had risen 0.8%, reaching $2,607.88 per ounce, while U.S. gold futures eased slightly, dropping 1.2% …
Introduced in the 2015-16 Union Budget, the Atal Pension Yojana (APY) aims to provide financial security to workers in the unorganised sector, such as domestic helpers, gardeners, and delivery personnel. Employees without pension benefits in their organisations are also eligible to join the scheme. Who Can Join the Scheme? Indian citizens between the age of …
The Central Board of Direct Taxes (CBDT) has granted a 15-day extension for taxpayers involved in international or specified domestic transactions who need to file reports under Section 92E of the Income-tax Act. This extension aims to provide additional time for compliance with transfer pricing regulations. Deadline Extension and Requirements Originally, the deadline for filing …
The EPFO (Employees’ Provident Fund Organisation) has decided to reinvest 50% of the proceeds from redeeming its exchange-traded funds (ETFs) back into equity. This move, approved by its 42-member central board of trustees, aims to increase equity exposure and generate higher income for its nearly 70 million subscribers. Board Meeting Highlights First Meeting of FY24 …
On December 17, 2024, Gold prices remained stable with spot gold edging up by 0.1%, reaching $2,655.07 per ounce. Traders are closely watching the Federal Reserve’s policy meeting on December 18, which is anticipated to shed light on the central bank’s outlook for interest rates and its potential impact on gold prices in the coming …
The first quarter of 2024 has exposed a growing financial concern: a sharp rise in credit card defaults. This alarming trend, particularly among low-income cardholders with smaller credit limits, has raised questions about spending habits and financial planning. With defaults crossing critical thresholds, regulators and economists are analyzing the causes and devising measures to prevent …
The Mahila Samman Yojana (Delhi) and Subhadra Yojana (Odisha) are government initiatives that offer financial assistance to empower women. While the core objective of both schemes is to uplift marginalised women, the specifics of each program vary in terms of eligibility, benefits, and application processes. In this article, we will compare these two initiatives. Scheme …
On December 9, 2024, Prime Minister Narendra Modi launched the LIC Bima Sakhi Yojana, a visionary initiative by the Life Insurance Corporation (LIC) aimed at empowering rural women. This scheme seeks to address the dual objectives of livelihood generation and expanding insurance awareness in underserved areas. With an ambitious target of enrolling 1,00,000 Bima Sakhis …
Many travellers often find themselves confused about what is included and excluded in their travel insurance policies. With so many different plans and providers, it can be challenging to determine what kind of coverage you’ll have in various situations. To help clear up this confusion, here’s an exhaustive list of what is typically covered and …
