INDIA NEWS

The CBDT has extended deadlines for certain taxpayers’ audits for the assessment year 2026-27. Check new dates. 

Taxpayers with nil estimated tax liability can avoid TDS on certain incomes by submitting a declaration to the payer. Here’s who can submit Form 121, which incomes are covered, what details are required and what the payer must do after receiving it.

Tamil Nadu Chief Minister S. Joseph Vijay will launch the ‘Thaai Maaman Thanga Mothiram Thittam’ scheme for newborns in Madurai on September 28, providing 1-gram gold rings to eligible babies delivered in government hospitals, promoting institutional deliveries and maternal health.

Selling a house, land, shares, mutual funds or other capital assets can trigger capital gains tax. The Income-tax Act provides nine exemptions under Sections 54 to 54GB if the gains or sale proceeds are reinvested in specified assets within prescribed timelines.

A mutual fund’s reported returns may not always match what investors actually earn. The timing of investments and withdrawals can create a significant gap, even when the fund delivers strong long-term performance.

WhatsApp is reportedly testing a redesigned Android bottom navigation bar that resembles its iPhone counterpart. Spotted in beta version 2.26.38.10, the bar features rounded edges and a floating design, according to reports.

NSE CEO Ashish Chauhan stated there have been no talks with the government regarding the new Merchant Discount Rate for UPI payments, which he claims is a matter for brokers and clients to resolve. The new MDR framework takes effect on October 15, impacting capital-market transactions.

The Odisha government is set to clear pension dues of 20.33 lakh beneficiaries covered under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) by October, state minister Nityananda Gond said. 

With passive investing, funds track market indices, reducing the need for individual stock selection. Read more to find out.

The 8th central pay commission (CPC) has announced official meetings and state visits as part of its consultation stage. Since March, the commission has conducted multiple state visits to meet employee representative groups, unions and stakeholders.