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New Delhi: This time the wait has become too long for those who are eligible to get Income Tax refund. Crores of returns have been processed for the Assessment Year 2025-26, but despite this, millions of taxpayers are still waiting for their refunds. For many, this question is disturbing that when the return has been filed and verified, then why is there a delay in processing and refunds. According to the data of the Income-Tax Department, about 8.8 crore ITRs have been filed for AY 2025-26 till 11 January. Of these, 8.68 crore returns have been verified and 8.15 crore returns have been processed. Despite this, about 53 lakh returns are still pending for processing. In these pending cases, there are a large number of taxpayers who are yet to get a refund. Decoding Income Tax Refund Delays This time the biggest reason for the delay is believed to be the strict investigation process of the Income Tax Department. Especially more attention is being paid to those returns where large or...
New Delhi: The Income Tax Act 2025 is all set to come into force across the country from 1 April 2026 and will replace the 64-year-old Income Tax Act 1961. The I-T Act 1961 was enacted at a time when India 's economy was not as digital and modern as it is today. Over time, hundreds of modifications have been made to it. The result was that the law became so heavy and complicated that, far from paying taxes, it became difficult to read it. This had become a big problem for small taxpayers, salaried people and senior citizens. The government believes that the time has come to rewrite the entire law. Income Tax Act 2025 features According to the government, the new tax law will be about 50 percent less in size. The language has been simplified so that even common people can understand the rules without the help of tax experts. Unimportant sections have been removed and many old and useless tax provisions have been completely abolished. The government claims that this will reduce tax...
New Delhi: The (Initial Public Offer) IPO of Bharat Coking Coal, a subsidiary of Coal India, opened for public subscription on 9 January 2026. Coal India is selling its 10 percent stake through this IPO . This will give the company a direct cash benefit. After a long time, the IPO of a big subsidiary is coming. Coal India owns 100 percent stake in BCCL. The company is selling 10 percent stake in the IPO . That means about 46.57 crore shares are being launched in the market. At the upper price band of Rs 23, the value of this stake is around Rs 1,071 crore. Out of this, Coal India will get a direct profit of more than Rs 600 million. This is believed to be about 2.3 times the return on investment. BCCL 's rare earth metals and solar power plans According to a news report, BCCL chairman and managing director Manoj Kumar Agarwal stated that the company has launched the public offer with an aim to uncover the company 's true value. He divulged that BCCL will not restrict itself...
New Delhi: The general budget of the country is going to be presented in Parliament on 1 February 2025. Amidst the noise ahead of the budget, have you ever wondered what was the condition of the country 's vault when India became independent? Today, when we talk about the trillion dollar economy, it is difficult to believe how small the first budget of independent India was. In this article, we take you through the pages of history to the time when the ledger was first written for independent India. Under Article 112 of the Indian Constitution, it is called the 'Annual Financial Statement ', which contains a complete account of the income and expenditure of the government. But the tradition of budgeting in India began long before independence. India 's first budget was presented on 7th April 1860 during British rule. At that time it was introduced by James Wilson. Economic Challenges and the 1947 Union Budget However, the moment we were waiting for came in 1947....
New Delhi: The IPO of India 's largest stock market index National Stock Exchange (NSE) seems to be coming soon. Market regulator SEBI may soon provide big relief for this much-awaited listing stuck for years. This is expected to end the long legal and regulatory uncertainty associated with the listing of NSE. NSE IPO may get SEBI 's green signal SEBI Chairman Tuhin Kant Pandey said during a press conference in Chennai that a No-Objection Certificate (NOC) can be issued to the NSE soon. He indicated that this approval could possibly be obtained by the end of this month. After this, it will depend upon NSE how it plans to proceed with the process of IPO . NSE IPO hurdles NSE 's IPO has been stuck for a long time due to the dark fibre case. In this case, there were allegations that between 2010 and 2014 some high-frequency traders were given preferential access to the co-location server through fast private connections, which gave them an unfair advantage in trading. In...
New Delhi: Market regulator SEBI on Friday proposed major changes in the framework for trading on stock exchanges, which aim to simplify the rules, eliminate duplication and reduce the burden of compliance for market participants. These proposals are part of SEBI 's big initiative to promote ease of doing business in stock exchanges, including commodity derivatives exchanges. In its consultation paper, SEBI has provided several overlapping provisions related to trading, price bands, circuit breakers, bulk and block deal disclosures, call auction mechanisms, schemes to increase liquidity, Margin Trading Facility (MTF), Unique Client Code (UCC), PAN requirements, trading hours and daily price limits in a single form applicable to both equity and commodity segments, suggested to be merged in the Consolidated Framework. SEBI reforms: Simplifying stock trading rules SEBI suggested that the provisions specifically applicable to clearing corporations should be separated and put in a...
New Delhi: Next week is going to be very crucial for stock market investors as many IPOs will enter the market. Some of the IPOs will make their market debut, while other public issues will see their shares getting listed. From January 12 and 16, at least 6 IPOs are going to open for subscription. These include one mainboard IPO and 5 SME IPOs. These will include companies ranging from Digital Tech companies to energy, security and manufacturing sectors. Amagi Media Labs IPO The IPO of cloud-based SaaS company Amagi Media Labs will open from January 13 to January 16. Its price band has been fixed from Rs 343 to Rs 361 per share. This IPO of Rs 1,788.62 crore includes a fresh issue of Rs 816 crore and an offer for sale of Rs 972.62 crore. Under OFS, many existing investors including Trudy Holdings, Norwegian Venture Partners, Essel India, PI Opportunities Fund will sell their stake. Avana Electrosystems IPO Issue Size Rs 35.22 crore Price Band: Rs 56-59 Subscription: 12th to 14th...
New Delhi: Some people are worried that a part of the returns on investments are considered taxable. Scores of people search for various ways to reduce their taxable income. But there are some sources of income in which the depositor does not have to pay income tax on the income. Understanding tax-free income can improve your planning and keep more of the earnings with you. From agricultural income to some government savings schemes, India 's tax laws provide many exemptions, which benefit different sections of society. Here are 7 main sources of income completely tax-free in India. Agricultural income Income from farming on agricultural land in India is completely tax-free under Section 10 (1). This includes rent from agricultural land, income from the sale of crops like vegetables, fruits, grains and spices, and profits from selling rural agricultural land. But agricultural income from foreign land is fully taxable in India. Partnership profits When you receive your share of...
New Delhi: In the December 2025 quarter, the country 's top mutual fund managers increased their stake in select companies. This growth shows the strong confidence of institutional investors and gives confidence in the business model, growth potential and future earnings of the particular firms. If you are thinking of building wealth for a long time, then these stocks can be worth considering in your portfolio because where professional investors are investing money, there may be good opportunities for ordinary investors as well. Let us know about three such companies, where mutual funds have shown the most interest. Aditya Birla Capital Aditya Birla Capital is the financial services company of the Aditya Birla Group. It offers many services like loans, insurance, asset management, wealth management, and capital markets. This is getting stronger as the demand for credit and protection products in India increases. The market capitalization of the company is about 93,816 million...
New Delhi: In the forthcoming Budget 2026-27 , the Indian government may focus on increasing the pace of domestic manufacturing and auto sector. According to sources, the government may announce an incentive package of up to Rs 23,000 crore to speed up domestic manufacturing in the capital goods and auto sector. This will help in reducing the dependence on imports, as well as increasing the production of high-value capital goods in the country. An ET report quoted sources as saying that the Rs 14,000-16,000 crore scheme is almost decided for the construction equipment sector, whereas a separate scheme of Rs 7,000 crore is being introduced to create a strong Global Value Chain (GVC) in the automobile sector. According to the officials associated with the case, the schemes are in the final stage of preparation and can be presented in the budget . Focus on tunnel boring machines and cranes According to the report, emphasis will be on indigenization of tunnel boring machines, high-end...
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