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

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

Personal Finance & Investment

TREND | 13 Jun 2025

India risks foreign flows to EM peers as earnings differential narrows

Business Standard

About 72 per cent, or 36 out of 50 Nifty50 companies, saw a cut in their FY26 estimated earnings per share (EPS) in March 2025

Personal Finance & Investment

TREND | 13 Jun 2025

ITR Filing: Five Biggest Income Tax Myths And Misconceptions

NDTV Profit

Many taxpayers fall for common income tax myths that can lead to costly mistakes. Here are some important factors to know for error-free ITR filing.

Personal Finance & Investment

TREND | 13 Jun 2025

Petrol, Diesel Prices Unchanged On June 13; Here's How Much You Pay For Fuel Now

NDTV Profit

In Mumbai, petrol is priced at Rs 103.50 per litre, and diesel costs Rs 90.03.

Personal Finance & Investment

TREND | 13 Jun 2025

Fixed deposit rates fall; Pickleball spreads: Top personal finance stories

Business Standard

Our newsletter this week has stories on what investors should do as deposit rates fall and why Pickleball is being called the 'people's game'

Personal Finance & Investment

TREND | 12 Jun 2025

Activation of inoperative accounts, unclaimed deposits: RBI asks banks to allow KYC updation at non-home branches

Business Line

The Central bank issued the aforementioned revised instructions on Updation/ Periodic Updation of KYC as it has observed a large pendency in periodic updation of KYC.

RBI allows KYC updation for low-risk customers till 30 June 2026

Business Standard | 12 Jun 2025

Personal Finance & Investment

TREND | 12 Jun 2025

EPFO settles nearly half of all claims within three days this fiscal

Business Standard

Retirement fund body EPFO settled nearly 50 per cent of claims, mainly withdrawal, within three days of filing this fiscal, a senior official said quoting data till June 5. The official stated that the proportion of such settled claims was about 39 per cent in 2024-25 at 2.34 crore. The Employees' Provident Fund Organisation (EPFO) has settled 68.96 lakh claims within 3 days between April 1, 2025 to June 5, 2025. The proportion of the claims settled within three days is expected to rise exponentially as EPFO will soon enhance the limit of automated claims settlement to Rs 5 lakh from the existing Rs 1 lakh, the official said. The official also said that the limit hike does not require approval of the Central Board of Trustees (CBT), the apex decision making body of EPFO. The official further explained that it can be done by the Central Provident Fund Commissioner, the executive head of EPFO. The CBT is headed by the Union Labour & Employment Minister with employers and trade unio

Personal Finance & Investment

TREND | 12 Jun 2025

Valorant Backer Drives Doubled EPS For Prosus As Firm Readies Lifestyle Ecommerce Push In India

NDTV Profit

Looking ahead, the group will focus on building lifestyle ecommerce ecosystems in Latin America, India and Europe, the Naspers subsidiary said.

Personal Finance & Investment

TREND | 12 Jun 2025

Tatkal Tickets: No Agent Bookings For First 30 Minutes Check New IRCTC Rules

NDTV Profit

Starting July 1, 2025, only users verified with Aadhaar can book Tatkal tickets on the IRCTC website and app.

Aadhaar verification to be mandatory for IRCTC Tatkal bookings from July 1

Business Standard | 11 Jun 2025 1 more