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The new financial year (FY 2026-27) comes into effect from April 1, bringing with it several major policy changes announced in the Union Budget presented by Finance Minister Nirmala Sitharaman on February 1, 2026. These changes are set to directly impact household expenses and consumer spending. While import duties influence price fluctuations to some extent,…
If you have a Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) account, but could not deposit money in them this financial year, then deposit some money in them by March 31, 2026 to keep the account active. If money is not deposited in PPF and SSY, these accounts can become inactive (closed). If…
New Delhi: The new income tax law, coming into effect from 1 April 2026 will see several changes — one being replacement of terms ‘Previous Year’ and ‘Assessment Year’ with Tax Year. What Is A Tax Year? A ‘tax year’ is a period of twelve months contained in a financial year. It replaces the term ‘previous year’…
NUDGE Campaign: The Government of India has launched a data-driven “NUDGE” campaign for the Assessment Year 2025-26 to encourage taxpayers to voluntarily review their deduction and exemption claims. This initiative uses risk analytics to identify claims that appear potentially ineligible. According to a release from the Central Board of Direct Taxes, the campaign enables taxpayers…
Last Updated:September 22, 2025, 19:37 is A chartered accountant’s detailed explainer on tax audit regulations for business owners and professional income groups filing ITR 3 and ITR 4. Why the tax audit matters a great deal. (Representative image) Indian taxpayers filing their income tax returns under ITR-3 and ITR-4 often encounter confusion over tax audits….
New Delhi: Engineering and construction major Larsen and Toubro (L&T) on Wednesday reported a 12 per cent increase in its consolidated net profit to Rs 2,786 crore for the April-June quarter of the current financial year from Rs 2,493 crore in the same quarter last year. Larsen and Toubro achieved consolidated revenues of Rs 55,120…