ITR filing FY 2024-25: The Income Tax Department extended the ITR filing deadline or due date for AY 2025-26 to September 15, 2025. Filing after this date incurs penalties. The article provides a step-by-step guide for filing ITR-1 (Sahaj) through the income tax e-filing website.
India’s wholesale price inflation increased to 0.52 percent in August. This reverses two months of deflation. The rise is due to higher prices for food, manufacturing, and transport equipment. Food article deflation softened. Vegetable prices saw gains. Manufactured product inflation also increased. Fuel and power remained in deflation. Retail inflation also inched up.
India’s wholesale price inflation increased to 0.52 percent in August. This reverses two months of deflation. The rise is due to higher prices for food, manufacturing, and transport equipment. Food article deflation softened. Vegetable prices saw gains. Manufactured product inflation also increased. Fuel and power remained in deflation. Retail inflation also inched up.
Bond investors face disappointment as rate cut hopes fade, impacting debt fund performance, especially long duration funds. Experts advise caution due to potential inflation resurgence and a likely range-bound yield environment. An accrual strategy with short-term yields is recommended, alongside a balanced barbell approach combining short-term, gilt, and corporate bond funds for stability and potential…
Gold has outperformed domestic equities, delivering substantial returns due to central banks’ buying and investors seeking inflation protection. Over the past year, gold yielded 50.1% in rupee terms, while the Sensex declined. Experts suggest maintaining a 10-15% gold allocation for portfolio diversification.
A Nuvama Institutional Equities report forecasts natural gas as the only fossil fuel to see increased use in the US, China, and India by 2050, even as coal and oil decline globally. While renewables are set to grow, fossil fuels will still dominate.
Plans are underway in India to broaden UPI-based cash withdrawals beyond ATMs to over 2 million business correspondents, potentially simplifying access, especially in underbanked areas. While awaiting regulatory clearance, this QR-code system offers an alternative to biometric or ATM withdrawals. Concerns exist regarding operational and cyber risks for BCs, but the expansion could significantly boost…
Ukraine’s drone attacks on Russian oil refineries created a crisis, which India has seized as an opportunity. Indian refiners are capitalizing on discounted Urals crude, boosting refining margins and exports, particularly diesel to Europe. Despite potential risks from fluctuating discounts and geopolitical pressures, India maintains its strategic autonomy in energy decisions.
Gold price prediction today: Gold prices are closely watched as the US Federal Reserve is expected to cut rates this week. Prices previously hit all-time highs due to weak US economic data, geopolitical tensions, and rupee depreciation. The market anticipates a 25bps rate cut, with focus on Chair Powell’s guidance amid economic slowdown and political…
The Income Tax Department refuted social media rumors of extending the ITR filing deadline beyond September 15, confirming it remains unchanged. Taxpayers are urged to rely solely on the department’s verified handle for updates. Over six crore ITRs have been filed for the Assessment Year 2025-26.
