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RBI June 2026 bank credit data: Lending rate falls to 9.26%, women's borrowing grows 19.7%; 5 key takeaways

New Delhi, Sept. 1 -- Bank borrowing picked up pace in June, with overall credit growth rising to 16.5% from 9.9% a year earlier. At the same time, the weighted average lending rate on outstanding ban... Read More


ITAT Mumbai ruling: Rs.16.64 lakh cash seized in tax raid, taxpayer wins Rs.8.87 lakh unexplained cash dispute

New Delhi, Sept. 1 -- The Income Tax Appellate Tribunal (ITAT), Mumbai, has deleted an Rs.8.87 lakh addition made under Section 69A of the Income-tax Act after accepting a taxpayer's explanation that ... Read More


Tax on share profits: When can Income Tax reject your LTCG claim? Mumbai ITAT's Rs.85 lakh ruling explained

New Delhi, Sept. 1 -- The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has deleted a Rs.85.35 lakh addition made against a taxpayer who claimed long-term capital gains (LTCG) from shares o... Read More


Senior citizen misses income tax appeal deadline by 191 days after wife's death; ITAT Pune gives another chance

New Delhi, Sept. 1 -- A Pune-based senior citizen who missed the deadline to file an income-tax appeal by 191 days after his wife's death has received relief from the Income Tax Appellate Tribunal (IT... Read More


High-yield bonds pay more, but there's a catch: Who should invest and how much risk can you take?

New Delhi, Sept. 1 -- High-yield bonds can offer investors higher interest income than highly rated debt securities, but the higher yield comes with greater credit risk. These bonds are issued by comp... Read More


PPF real return is more than 7.1%: Here's the calculation most investors miss

New Delhi, Sept. 1 -- PPF currently offers an interest rate of 7.1% a year. But for investors who can claim a tax deduction on their contribution, the effective return can be higher than the headline ... Read More


DA hike: CPI-IW rises to 153.2; is 64% DA likely for central govt employees? Here's what the calculation shows

New Delhi, Sept. 1 -- The All-India Consumer Price Index for Industrial Workers (CPI-IW) rose 1.3 points to 153.2 in July 2026, giving the first indication of where Dearness Allowance (DA) for central... Read More


X user questions extra verification after OTP for Rs.1.05 lakh credit-card payment; what RBI rules say

New Delhi, Aug. 31 -- A social media post by a credit-card user has raised questions about why a bank may seek additional confirmation for a payment even after the transaction has been authenticated t... Read More


Insurance scam: Ahmedabad police inspector loses Rs.5.4 lakh after fraudsters promise Rs.19.5 lakh policy payout

New Delhi, Aug. 31 -- An Ahmedabad police inspector lost around Rs.5.4 lakh after fraudsters posing as insurance company officials allegedly convinced her that she was entitled to a much larger refund... Read More


ITR filing deadline August 31 today: What happens if you miss the deadline? Know belated return and late fee rules

New Delhi, Aug. 31 -- August 31 is the income tax return filing deadline for taxpayers covered under the non-audit category for assessment year (AY) 2026-27. This includes eligible taxpayers with busi... Read More