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ITAT Mumbai has allowed a taxpayer to claim the Section 87A rebate on tax payable on short-term capital gains for AY 2024-25. The ruling clarifies that the rebate cannot be denied for STCG when the law applicable for that year did not specifically restrict such benefit. from mint - money

Taxpayers should always verify an Income Tax notice before responding. Using the PAN or Document Identification Number (DIN) on the official e-filing portal helps identify genuine notices, avoid scams, protect personal information and ensure timely compliance. from mint - money

Many NRIs earn in dollars but struggle to build wealth as family obligations, emotional guilt and social expectations drain savings and delay financial independence. from mint - money

Parents are spending ₹2-4 lakh on coaching before college admissions. With education inflation at 10-12%, experts warn against dipping into retirement savings or taking on debt. from mint - money

PIB Fact Check has again debunked a viral WhatsApp message, first flagged in January, claiming the Government is accepting applications for free laptops under the ‘National Student Laptop Scheme 2026’. It reiterated that no such scheme exists. from mint - money

There are many exclusions in your home insurance policy, and the policyholder must carefully review them to avoid being caught off guard at the worst possible moment. from mint - money

The Income Tax Department has introduced a Foreign Assets Information (FAI) report on its Compliance Portal. Taxpayers can securely download their foreign asset information in a password-protected PDF, review the reported details, and submit feedback if they identify any discrepancies. from mint - money

The 10-10-10 SIP rule helps investors build long-term wealth by investing for 10 years, assuming 10% annual returns and increasing SIP contributions by 10% each year. Learn how step-up SIPs can create a larger corpus through disciplined investing and compounding. from mint - money

The loss or theft of your smartphone can expose your bank accounts, UPI applications, and personal data to fraud. Check out the five essential steps to secure your SIM, banking applications, email and digital identity immediately after your phone is lost or stolen, helping minimise financial risk. from mint - money

Retirement does not automatically stop interest on your EPF balance. Here's how long your provident fund continues to earn interest under the EPF Scheme, 2026, based on your retirement age. from mint - money

The 8th Pay Commission is likely to revise salaries and allowances for nearly 1.1 crore central government employees and pensioners. While the fitment factor is yet to be finalised, estimates indicate how HRA for Level 14-16 employees could increase under different fitment scenarios. from mint - money

The new Employees' Pension Scheme, 2026, retains the withdrawal benefit for members who leave service before completing 10 years. However, it introduces a new waiting period before the benefit can be claimed. from mint - money

Taxpayers filing returns for AY 2026-27 will now have to provide both a primary and a secondary address. The new disclosure has been introduced in all notified ITR forms. from mint - money

A fund that tops return charts today may not necessarily be the best fit for your portfolio. Experts say investors should look beyond recent performance and evaluate consistency, risk and investment strategy before making decisions. from mint - money

Gold and silver prices today, 15 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. from mint - money

A simple rule of thumb is to divide your age by two to determine the percentage of your portfolio that should be invested in gold. Under this rule, a 30-year-old investor would hold 15% in gold, while someone aged 50 would allocate roughly 25% to the precious metal. from mint - money

Union Railway Minister Ashwini Vaishnaw has announced that a new and improved IRCTC website will be launched by 15 July. The upgraded portal is expected to deliver faster ticket booking, smoother navigation and several new passenger-friendly features.  from mint - money

From 15 July, the India-UK Double Contribution Convention Agreement will allow eligible Indian professionals on temporary UK assignments to continue building EPF savings in India instead of paying towards UK social security contributions.  from mint - money

West Bengal may soon allow corrections for 27.8 lakh rejected Annapurna Yojana applications. The proposed edit facility will help applicants fix Aadhaar, mobile and data errors, resubmit forms and improve chances of receiving welfare benefits under the state scheme. from mint - money

AIS has become the default starting point for filing ITR, but experts warn it's riddled with gaps making independent reconciliation essential. from mint - money

EPFO's new Service History feature lets members view their complete employment and PF records in one place. The update can help subscribers identify missing service records and trace old PF accounts before filing claims. from mint - money

The biggest threat to your mutual fund returns may not be the fund you choose, but the decisions you make after investing. Experts identify three costly mistakes that investors should avoid. from mint - money

CRIF India's Sachin Seth discusses how India's credit ecosystem has matured through Jan Dhan, Aadhaar and digital lending infrastructure, and why risk-based pricing and secured credit products like gold loans are gaining traction.  from mint - money

The EPS 2026 has replaced EPS 1995, introducing a new pension framework under the Code on Social Security, 2020. The new scheme retains key pension benefits and contribution rates while adding digital compliance, a 20-day claim settlement timeline and interest on delayed claims.  from mint - money

Parag Parikh Flexi Cap Fund is India's largest open-ended equity scheme with an AUM of ₹1.43 lakh crore. The fund increased its exposure to HDFC Bank, ICICI Bank and ITC in June, while trimming its holdings in Microsoft, Alphabet, Amazon and Meta Platforms.  from mint - money

The Finance Ministry has extended two additional investment choices under the National Pension System to employees of central autonomous bodies. Eligible subscribers can now opt for pension funds with equity exposure of up to 75%, depending on their risk appetite. from mint - money

Gold and silver prices today, 8 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. from mint - money

For AY 2026-27, the earlier ‘Other Exempt Income’ field in Schedule EI has been removed. In its place, the department has now introduced a new reporting option titled ‘Receipts not in the nature of income.’ from mint - money

Under the EPF Scheme, 2026, withdrawals have been simplified into three categories: essential needs, housing needs and special circumstances. from mint - money

A ₹30 lakh annual salary doesn't mean your entire income is taxed at 30%. After the ₹75,000 standard deduction under the new regime, slab-wise taxation, and a 4% health and education cess, the total tax liability comes to ₹475,800, resulting in an effective tax rate of just 15.86%. from mint - money

Small-cap funds offer potential for long-term growth but involve significant risks, including volatility and liquidity challenges. Investors should adopt a gradual entry strategy, focus on fund consistency and manager experience, and be aware of unique risks before allocating to these funds. from mint - money

Gold and silver prices rose in India last week amid positive global cues. Check retail rates of 24K, 22K gold, 18K, 999 silver in Delhi, Mumbai, Kolkata and other cities. from mint - money

More than 30.9 lakh inactive EPF accounts held ₹9,330 crore as of March 31, 2026, according to official data. The figures come even as the Centre rolls out the new EPF Scheme, 2026 to simplify provident fund rules and improve digital services. from mint - money

Employee unions have proposed raising the minimum basic pay to ₹69,000 from ₹18,000. Here's a breakdown of the key calculations behind the demand. from mint - money

The Ahmedabad ITAT has ruled that businesses can claim a bad debt deduction once the amount is written off in their books and statutory conditions are met, even if recovery proceedings are still pending. The Tribunal also allowed the claim as a business loss under Section 28 of the Income-tax Act. from mint - money

EPF withdrawals are tax-exempt after five years of service. Early withdrawals are taxable unless in specific situations. Here's how they are taxed and how to report such withdrawals in ITR. from mint - money

Smart tax planning for retirees can unlock valuable savings in ITR 2026. This guide explains pensioner tax deductions, old vs new tax regime benefits, key exemptions, and essential filing tips to help reduce taxable income and improve retirement finances. from mint - money

 Investors holding eligible Sovereign Gold Bond (SGB) tranches can opt for premature redemption after completing the mandatory five-year holding period.  from mint - money

EPFO has introduced a three-day timeline for settling eligible PF claims as part of a broader overhaul of its services. The reforms also simplify withdrawals, expand auto-settlement and pave the way for more digital member services. from mint - money

The country’s biggest mutual fund scheme by assets under management (AUM), Parag Parikh Flexi Cap Fund, manages over ₹1.41 lakh crore in assets. It is followed by HDFC Balanced Advantage Fund, which is the second-biggest scheme by AUM. from mint - money

To avoid stock scams, verify information, consult certified advisors, and focus on disciplined investing. Beware of unsolicited tips, unusual price movements, and FOMO tactics. A diversified portfolio can protect against manipulation. SEBI's crackdown highlights the need for investor vigilance. from mint - money

Choosing the right tax regime can significantly reduce your tax outgo. Here's a comparison of the tax liability on a ₹25 lakh annual salary under both the new and old tax regimes, and when each one makes sense. from mint - money

Gold and silver prices today, 2 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. from mint - money

A Karnataka trader won relief after the ITAT held that old currency deposits backed by business records and affidavits cannot be treated as unexplained income merely because they were made during demonetisation. from mint - money