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Form 121 is a unified tax declaration form used by the EPF members to claim exemption from TDS on withdrawals exceeding Rs 50,000 when their total service is less than five years. It replaced Forms 15G and 15H from April 1, 2026. This form is only for resident individuals whose estimated total income for the…
New Delhi: Reliance Retail on Thursday announced the acquisition of Anomaly, a global haircare brand promoted by Bollywood actress Priyanka Chopra Jonas, for an undisclosed amount. It has acquired ‘Anomaly’ trademarks and digital assets and has plans to scale up through its omnichannel retail network and its beauty platform Tira, Reliance Retail said in a…
New Delhi: Generic drug maker Hindustan Laboratories and steel tubes and pipes manufacturer RK Steel Manufacturing Company have secured Sebi’s approval to raise funds through initial public offerings (IPOs), an update with the markets regulator showed on Thursday. The two companies, which filed their preliminary IPO papers in September, obtained Sebi’s observations on April 27….
Reliance Industries (19.289 Trillion): Reliance Industries leads the Indian market with operations across petrochemicals, refining, retail, and telecommunications. Its consumer-facing arms, including Reliance Retail and Jio, continue to drive immense domestic consumption and solidify its undisputed position at the top. (File Photo) HDFC Bank (12.335 Trillion): As India’s largest private sector bank, HDFC Bank continues…
The Reserve Bank of India (RBI) has introduced a revised and consolidated framework for e-mandates on digital payments, designed to make recurring transactions more seamless while enhancing user control and security. Effective immediately, the updated rules are expected to streamline auto-debit processes, making them more efficient and user-friendly. The move aims to benefit millions of…
The rupee appreciated by 29 paise to settle at 92.85 (provisional) against the US dollar on Friday, buoyed by a weakening American currency and retreating crude oil prices amid increasing hopes of easing geopolitical tensions. Renewed buying in domestic equity markets and fresh inflow of foreign funds also supported the local currency, forex traders said….
The Public Provident Fund (PPF), one of the most trusted long-term saving options in India, comes with a 15-year lock-in period. However, you can continue your PPF account even after maturity in blocks of five years, and there is no fixed limit on how many times you can extend it. After your PPF account completes…
A couple of years ago employees faced scenarios where employees have had to wait for weeks, or even up to 90 days, to receive their dues after resigning or being terminated, causing financial stress and distrust towards organisation. This long-standing issue is now being addressed. Under the aegis of Code on Wages, 2019, companies are…
West Asia War: As a massive importer of energy and petrochemical raw materials, India may face a trickle-down inflation effect where global supply chain disruptions are manifesting as higher price tags from essential fuels to household personal care items. Aviation Turbine Fuel (ATF): Jet fuel process in India hit record, crossing Rs 2.07 lakh per…
The deadline to link PAN with the Aadhaar Card was December 31, 2025. If your PAN wasn’t linked by then, it is now considered inoperative. The taxpayers with inactive PANs are now facing real consequences. Filing Income Tax Returns Is Blocked An inoperative PAN doesn’t allow you to file Income Tax Returns (ITR) on the…