Income Tax Returns (#ITR) Filing: It is the annual tax season again in India, as we bring you all the details you need to know to file your income tax returns — including the deadline, penalty for missing the deadline, common mistakes to avoid and more.

Take a look👇

https://www.livemint.com/money/personal-finance/itr-filing-income-tax-returns-last-day-july-31-deadline-missing-penalty-which-forms-to-file-who-all-you-need-to-know-11719811078149.html?utm_source=Social_media&utm_medium=Growth_Team&utm_campaign=Social_Media_all

🚨 The Best of #MintMoney 2024 (Jan-Jun)

Mint Money is our daily compilation of distilled insights on wealth, taxes, investing and all things personal finance.

Read on: https://livemint.com/topic/best-of-mint-money-h12024

#PersonalFinance | From an Indian income tax perspective, amounts received by the wife from her husband, by way of gift, are exempt as they are received from a specified relative.

Got a question? #AskMint

https://www.livemint.com/money/personal-finance/fema-compliance-and-tax-tips-for-spousal-gifts-in-india-11719726378327.html?utm_source=Social_media&utm_medium=Growth_Team&utm_campaign=Social_Media_all

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#SteveBallmer, the former CEO of #Microsoft Corp., has achieved a significant milestone by surpassing #BillGates in wealth, making him the sixth-richest person in the world.

Read here: https://www.read.ht/Sb0x

A special court in Mumbai has issued a non-bailable warrant against fugitive businessman #VijayMallya in a ₹180-crore loan default case linked to #IndianOverseasBank, reports.

Read here: https://www.read.ht/Sb0y

🚨 Today's #MintMetric!

Read latest stories, expert columns, recommendations, best strategies, breaking story analysis by Bibek Debroy: https://www.livemint.com/authors/bibek-debroy

#MintPodcast 🎙️| #PLI boost for #Railways in upcoming Budget

👉 Wheels, brakes and axles: #VandeBharat's parts makers may get a PLI horsepower
👉 Gunning for glory: Can #DefenceStocks armour-plate your portfolio?
👉 Forensic auditors at #Startup doors as edgy investors look to fix issues early

Listen in 🔽
https://open.spotify.com/episode/6c5TKlXCsCxYyOUAgqKO5j

The government hiked #WindfallTax on domestically produced #CrudeOil to ₹6,000 per tonne, from ₹3,250 per tonne, with effect from July 2, reports.

Read here: https://www.read.ht/Sb1A

US short-seller #HindenburgResearch said that it had received a notice—ostensibly from India’s #StockMarket regulator—outlining suspected violations of Indian regulations.

Read here: https://www.read.ht/Sb1B

#RishiShah, 38, an Indian-American ex-billionaire has been sentenced to seven and a half years in prison after being convicted of defrauding investors such as Goldman Sachs, Alphabet and the Pritzker Group venture fund of $1 billion, reports.

Read the full case here: https://www.read.ht/Sb1G

#MarketsWithMint | Lately, the Indian stock market has been dominated by a sell-on-rise and buy-on-dips strategy.

Today, this pattern continued as the benchmarks—the Nifty 50 and the Sensex—reached fresh all-time highs in intraday trading but failed to sustain those gains, ending with mild losses amid weak global cues.

Catch all the market highlights here: https://www.livemint.com/market/stock-market-news/stock-market-today-nifty-50-sensex-hit-fresh-record-highs-end-in-the-red-on-profit-booking-11719914242075.html

#KotakMahindraBank has found itself dragged into the midst of the #HindenburgResearch-#AdaniGroup storm with the US short-seller in its latest salvo accusing India's market regulator of trying to shield the private bank and other Indian entrepreneurs.

Read here: https://www.livemint.com/companies/news/kotak-mahindra-bank-hindenburg-research-adani-report-uday-kotak-sebi-kingdon-capital-short-selling-11719901890330.html

'Nonsense...': Hindenburg Dismisses SEBI's Show-Cause Notice On Adani Issue | Details

Watch this video to find out why Hindenburg Research was dismissive in its response, and a startling revelation it made about an Indian bank.

Read here: https://www.livemint.com/market/stock-market-news/what-sebis-notice-and-hindenburg-researchs-response-means-for-adani-11719896135086.html

#MintPodcast 🎙️| New chapter in Adani-Hindenburg saga

👉 Sebi clashes with Hindenburg over Adani report; accusations of sensationalism and premeditation exchanged

👉India’s fintechs seek clear regulations and hassle-free licensing to boost growth: Report

👉 A slow monsoon in July threatens India's agriculture and econom

Listen in 🔽
https://open.spotify.com/episode/6QqWGuaXbIuST2HRA14ikE

#PersonalFinance | Navigating India's #IncomeTax filing? Choose the right ITR form to avoid penalties. From salaried professionals to freelancers, here's your guide to filing correctly and on time #ITR #TaxFiling

(Sashind Ningthoukhongjam writes)

https://www.livemint.com/money/personal-finance/itr-forms-f-o-trade-taxpayers-mutual-funds-late-filing-nri-property-online-games-11719894665667.html#:~:text=Submitting%20the%20wrong%20form%20may,income%20tax%20notices%20or%20penalties.

#PersonalFinance | A legally #Adopted child has the same #Inheritance rights as a natural-born. Here's how - Marylou Bilawala writes

Got a question? #AskMint


https://www.livemint.com/Money/vXnKRVZqBYOLVe8yYMnaUI/A-legally-adopted-child-has-the-same-inheritance-rights-as-a.html

#PersonalFinance | #EPF and #NPS are two essential retirement-savings tools for employees that help them build a #Tax-efficient corpus. If an employee plans smartly with either or both, he can retire with a handsome corpus - write Naveen Wadhwa , Sagar Phukela

Read here: https://www.read.ht/Sb1X

#PersonalFinance | Bank #fixeddeposits (FDs) continue to be popular investment products not just among senior citizens who are looking for guaranteed income, but also among investors who can't stomach risks.

Here is a list of banks that offer the highest #FD rates for deposits up to ₹1 crore over various tenures.

For all the latest business/finance/markets news updates, visit: http://livemint.com

#Savings #Investment #Banks #FixedDeposit

Mid-income homes’ scheme set for rejig | #Hindenburg hits back after #Sebi charge, draws in #Kotak | Fewer #Boeings to spoil #AIExpress, #Akasa fleet plans

Read today's Mint e-paper here: https://epaper.livemint.com

Here's a snapshot of financial markets for you.

Read the #MintNewsletter: https://www.livemint.com/mint-top-newsletter/minttopofthemorning03072024.html