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ITR filing for AY 2025-26: 7 prominent changes in ITR excel utilities for FY 2024-25, which taxpayers including salaried should know

What is LRS or RBI’s Liberalised Remittance Scheme? Indian residents can send money abroad. Individuals can remit up to $2,50,000 annually. This is without special permission from the RBI. The scheme is for education, travel, investments, and more. Tax is applicable depending on the purpose of remittance

Filing ITR for FY2024-25? Mistakes in HRA claims, capital gains tax calculation are among 7 errors to avoid However, errors can crop up despite online filing improvements, ranging from incorrect forms to misreporting income. Avoiding these mistakes, like neglecting AIS/Form 26AS reconciliation or HRA claim errors, is crucial to prevent penalties and ensure accurate tax computation

What are low-duration mutual funds? Who should invest in them? These funds offer stable returns over six to twelve months. They suit investors seeking liquidity and lower interest rate sensitivity. These funds invest in CDs, CPs, treasury bills, and short-term corporate bonds. Investors can access such low-duration funds through various platforms online

Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick right The Income Tax Department has released updated forms for Assessment Year 2025-26. Individuals with salary, investments, or business income must choose carefully, depending on their category. ITR 1 suits simple incomes, while ITR 2 is for investors and NRIs. Business owners use ITR 3, and small businesses may use ITR 4

Can equity investors earn more by parking unused funds in liquid ETFs instead of bank account when trading? Liquid ETFs help manage cash flow smoothly while allowing productive use of idle money. Liquid ETF units are equivalent to money in the trading account, and brokers also benefit from liquid ETFs. These ETFs can be pledged for margin in F&O trading

Investing in these 3 chemical sector stocks can give good returns now as sector is reviving Analysts are cautiously optimistic. Here are three smart picks for small, strategic exposure. Data suggests that around 54% of 139 chemical-centric companies underperformed the Nifty 500 index over the last year, while 66% underperformed the broader market benchmark in 2025, on a yield-to-date basis this year

Got an income tax notice? Here are common types of tax notices and what to do to avoid penalties The Income Tax Department issues various notices for reasons like mismatches, pending dues, or inquiries. Prompt action, accurate information, and expert help when needed are essential to avoid penalties and ensure compliance. Addressing these notices can effectively safeguard you against further complications with the Income tax department

Last day to lock in at 9.10% FD rate: This bank to cut fixed deposit interest rates from tomorrow Suryoday Small Finance Bank will revise FD interest rates from June 1, 2025