Income News
Flaky utopia: Musk’s dream of technology freeing the world of work and poverty needs a reality check
Elon Musk predicts that work will become optional and poverty will end as AI advances and humanoid robots proliferate. Sure, the labour market faces an upheaval. But that’s no reason to buy the utopian vision of someone with a vested interest in the technologies behind it
4 min read11 Dec 2025AI on the farm: Sickle Innovations and Dayatani Digital win awards for using AI in agriculture and food security
By 2030, agriculture in India could contribute $600 billion to GDP, driven by AI solutions. Sickle Innovations and Dayatani Digital were recognised for their AI-led advancements in grading and agronomy, improving efficiency, profitability, and farmer support.
4 min read10 Dec 2025ITR refund delay: What are common reasons, when to expect and how to check status? All you need to know
The ITR filing deadline was 16 September, and while most refunds are processed, some remain pending. Delays may arise from verification issues or incorrect bank details. Taxpayers should ensure Aadhaar-PAN linkage and accurate claims to avoid further processing delays.
3 min read10 Dec 2025New Income Tax Act: ITR forms to be issued prior to FY28, says govt
The new income tax returns form under the Income Tax Act, 2025, will be issued before the 2027-28 financial year, according to Minister of State for Finance Pankaj Chaudhary.
1 min read8 Dec 2025Don’t pay tax on gifts if they are from family. Here’s the rule
Gifts from relatives are exempt from tax, while gifts over ₹50000 from non-relatives are taxable. Gifts received during marriage are fully tax-exempt.
4 min read8 Dec 2025Digital market falters, leaves farmers with fewer buyers and weaker returns
Rajasthan has reported major glitches in the rollout of e-NAM 2.0, forcing farmers back to local mandis and risking lower prices. The agriculture ministry acknowledges issues and is addressing feedback as the platform aims to improve market access and returns for farmers.
5 min read8 Dec 2025Income Tax: How to report foreign income and assets in your ITR?
CBDT sent messages and emails starting 28 November to taxpayers, urging them to revise their income tax returns (ITRs) before the 31 December deadline by disclosing their foreign income and assets
1 min read3 Dec 2025Income Tax: Last date to file revised or belated ITR is 31 December — key questions answered
Income Tax: There are certain scenarios in which you can file a revised return, but these do not include the filing of a return after an inquiry notice by the assessing officer under section 142(1).
2 min read2 Dec 2025Broken backs, slim wallets: The farm price deflation that threatens to halt India’s rural demand surge
Lower incomes from the Kharif season and a dampened price outlook for the ongoing winter crop season are worrying farmers. That’s also a warning for companies selling both FMCG and durables like fridges and televisions.
9 min read2 Dec 2025Marriage and divorce tax rules: Gifts, clubbing, and alimony explained
Indian tax laws treat marriage and divorce as significant events affecting tax liability. Gifts received during marriage are exempt up to Rs. 50,000. Alimony taxation varies, with lump sum payments considered capital receipts while periodic payments are taxable.
4 min read2 Dec 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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