Trend Personal Finance & Investment - Latest news, views and updates

TREND | 15 Jun 2025

Why splitting fixed deposits across multiple banks doesn't add up

Business Standard

So, the next time someone tempts you with a slightly higher FD rate from a lesser-known bank, point them not to DICGC's fine print but to hybrid funds

Personal Finance & Investment

TREND | 15 Jun 2025

ITRs by non-registered political parties, educational bodies to be picked up for compulsory scrutiny

Business Line

The Income Tax Department has set a deadline of June 30 for serving notices of compulsory scrutiny for the Income Tax Returns filed FY25, guidelines dated June 13 said.

ITR 2025: Key Income Tax Deductions Senior Citizens May Miss Out On

NDTV Profit | 15 Jun 2025

Personal Finance & Investment

TREND | 14 Jun 2025

RBI rate and CRR cut: Here's what to do with your FDs, small savings and debt funds

Business Line

Rate cuts are here, but a pause may follow. As bond yields adjust and deposit rates fall, investors must act lock into FDs, rebalance debt funds, and reassess duration bets

Personal Finance & Investment

TREND | 14 Jun 2025

EPFO: How To Rectify Discrepancies In Employer's Contributions

NDTV Profit

Employers are mandated to deposit their share of EPF contributions every month, but discrepancies may arise due to multiple factors like defaults or delays.

Personal Finance & Investment

TREND | 13 Jun 2025

Unaccounted income invested in Virtual Digital Assets on CBDT radar

Business Standard

The Central Board Direct Taxes (CBDT) is investigating tax evasion and laundering of unaccounted income by high-risk persons through investment in crypto currency. Such entities and individuals which are engaged in Virtual Digital Asset (VDA) transactions and have failed to comply with the Income-tax Act, 1961 have been identified for verification, sources said. As per the Section 115BBH of Income Tax Act, 1961 inserted by the Finance Act, 2022 a flat tax rate of 30 per cent (plus applicable surcharge and cess) on income from VDA transfer is applicable. The provision does not allow deduction of any expenses except cost of acquisition. Further, set-off of loss from VDA investment or trading is not allowed to be set off against any other income or for carry forward to subsequent years. Sources pointed out that data analytics has shown that a significant number of persons have violated provisions of Income Tax Act by not filing Schedule VDA of ITR and offering tax on the income earned

Unaccounted income invested in crypto on IT Dept radar

Business Line | 13 Jun 2025

Personal Finance & Investment

TREND | 13 Jun 2025

CBDT sends emails over undisclosed crypto income in latest NUDGE drive

Business Standard

CBDT emails thousands of taxpayers urging them to review and update ITRs for under-reported crypto income as part of a NUDGE campaign targeting VDA discrepancies