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Location American Market News for 24 July 2026
Planning to invest in a bond SIP? Why it doesn't work like your regular equity SIP Running a SIP in fixed income works on a fundamentally different principle than running one in stocks
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FM Sitharaman asks I-T dept to crack down on tax evaders, ease compliance for honest taxpayers Finance Minister Nirmala Sitharaman called for firm actions against tax evaders while prioritising convenience of honest taxpayers. Details here.
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EPFO: Want to claim provident fund after EPF member's death? Here's how - Stepwise guide for families Today, we take a look at how the family (nominees or legal heirs) of an EPF subscriber can claim the provident fund savings amount after the member's death. Here's a stepwise guide
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₹9,330 crore lies unclaimed in inoperative EPF accounts: Here's how to check and claim your money The sizeable amount locked in such accounts indicates that many workers have either not withdrawn or transferred their EPF balances.
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ITR portal: Govt says managed service provider was penalised in FY26 for outages and due date extension The government penalised the MSP of the income tax e-filing portal due to an extension of the ITR filing deadline caused by technical issues in FY 2025-26. Here's why an extension this year is unlikely.
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Fixed Deposits: Should you park ₹10 lakh in one FD or split it? Pros and cons explained The better option depends on your financial objectives, liquidity needs, investment horizon and comfort with risk.
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Pay commission: Salary, allowances, benefits - Check West Bengal 7th pay commission's full list of terms of reference The West Bengal government has officially constituted its 7th central pay commission. The finance department's resolution states that the panel will review allowances, salaries and service conditions for state govern...
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ITR filing 2026: Do you need to disclose both taxable and exempt gifts received from friends and family? Gifts received during the financial year may be taxable and need to be reported in the income tax return. Taxpayers should be aware of exemptions and the new reporting field for non-taxable gifts to maintain compliance.&...
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DA hike: Odisha announces 5% Dearness Allowance increase for employees, pensioners under pre-revised pay scales The Odisha government has approved a 5% increase in dearness allowance for state employees and pensioners, effective January 2026. Here's a look at who's eligible and how it works
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Mid-cap funds beat all equity categories over 1, 3 and 5 years, here are the top-performing schemes Mid-cap funds have outperformed every equity mutual fund category over the last one, three and five years. Here's how the category fared and the schemes that delivered the highest returns.
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ITR filing guide: How to report NSC and Kisan Vikas Patra interest The interest earned from National Savings Certificate (NSC) and Kisan Vikas Patra (KVP) is taxable, but only NSC offers a Section 80C benefit under the old tax regime. Here is how to report income correctly in your ITR b...
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Can the Income Tax Department issue a notice after a taxpayer's death? Allahabad HC answers The Allahabad High Court has ruled that an income tax notice issued after a taxpayer's death is legally invalid. Here's what the judgment means for legal heirs and when the Income Tax Department can still recover...
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Government warns against job scams; NCS registration, applications and interviews remain free The Ministry of Labour has warned of rising online recruitment scams. It reminded job seekers that National Career Service (NCS) services are free. Fraud should be reported to helpline 1930 or the National Cyber Reportin...
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Switched jobs? Your EPF may not transfer automatically unless you meet these conditions EPFO now automatically transfers EPF balances for eligible members after a job switch, removing the need to file a transfer claim in many cases. But the facility works only if specific conditions are met and missing reco...
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Gold, silver prices today, 24 July: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata Gold and silver prices today, 24 July: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates and how they are affected by on...
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Health insurance claim rejected over hospitalisation? Court rules in policyholder's favour A Delhi consumer commission has ruled that health insurers cannot reject claims merely by declaring hospitalisation medically unnecessary without evidence. The order reinforces that a treating doctor's clinical judgm...
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ITR filing: Section 143(1) tax demand explained; steps to avoid penalties and disputes A Section 143(1) tax demand does not always mean your ITR is wrong. Here's why taxpayers receive this notice, how to verify mismatches, respond correctly through the Income Tax e-filing portal and avoid penalties.
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ITR filing deadline 2026: 5 income tax penalties every taxpayer must know for AY 2026-27 Five income tax penalties applicable for AY 2026-27 include late Income Tax Return filing fees, revised return charges and misreporting penalties. Here's why filing your ITR before 31 helps avoid fines, delays and ta...
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8th Pay Commission: Level 15-18 employees may get monthly HRA of up to ₹1.93 lakh if 2.57 fitment factor is approved The 8th Pay Commission could significantly raise HRA for Level 15-18 Central government employees if a higher fitment factor is approved. Illustrative estimates indicate monthly HRA may reach ₹1.93 lakh in X-category c...
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SIFs are designed to improve risk-adjusted returns: Edelweiss' Bhavesh Jain Instead of focusing only on headline returns, investors should start looking at risk-adjusted returns, says Edelweiss Mutual Fund's Bhavesh Jain
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