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The CBDT has launched the new ITR-BN form for taxpayers facing block assessments due to search and seizure cases. Effective from April 1, 2026, this form aims to simplify the reporting of undisclosed income for affected individuals. Taxpayers should check their eligibility and understand the filing process to ensure compliance.
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Over 5 crore Income Tax Returns (ITRs) have been filed for AY 2026-27. Timely filing by July 31 enhances tax compliance, aiding home loan applications and credit card approvals. Experts emphasize that a consistent tax record supports lenders in evaluating income stability and repayment capacity, making it crucial for financial health.
Discover the latest gold and silver prices for 30 July, including 24K and 22K gold rates in Delhi, Mumbai, and Kolkata. Stay updated with MCX market trends and retail rates across major Indian cities. Whether you're buying or selling, knowing the current prices is essential for making informed decisions.
A Reddit user disclosed their mother sold inherited property for ₹50 lakh in cash, raising concerns about ITR filing. Experts highlight potential penalties for cash transactions and the importance of maintaining a banking trail. Understanding tax implications is crucial for property sales to avoid legal issues.
Arbitrage funds are the top-performing hybrid mutual fund category in 2026, excelling in volatile markets. Discover the leading schemes that have yielded impressive returns over one and three years, making them a smart investment choice for savvy investors. Learn why these funds are outperforming their peers and how they can benefit your portfolio.