What happens if you miss the July 31 deadline to file ITR?

If you miss the July 31 ITR filing deadline, you can file belated return by December 31. However, taxpayers with ₹5-lakh total income must pay ₹1,000 late filing fee, while those earning above ₹5 lakh must pay ₹5,000. You cannot carry forward capital losses to subsequent years. Interest of 1% per month or part thereof may apply on outstanding tax.
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News By: Bhawana Chaudhary
03:41 pm Wednesday, 29 July 2026

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Anti-paper leak bill passed in Lok Sabha

The Public Examinations (Prevention of Unfair Means) Amendment Bill, 2026, which proposes harsher punishments against those involved in paper leaks, has passed in Lok Sabha. The bill was passed via voice vote. Union Minister Jitendra Singh, BJP MP Tejasvi Surya, Leader of Opposition Rahul Gandhi, Congress MP Priyanka Gandhi were among the Lok Sabha MPs who debated on the bill.
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News By: Arshiya Chopra
03:39 pm Wednesday, 29 July 2026

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How can employees file ITRs even without Form 16?

Even without a Form 16, employees can file their ITRs by using their salary slips, bank statements, Form 26AS and Annual Information Statement (AIS). They should manually calculate their total salary, verify TDS and other income through AIS and Form 26AS, and claim eligible deductions. After completely verifying all details, they can file the return on the Income Tax portal.
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News By: Bhawana Chaudhary
06:26 pm Wednesday, 29 July 2026

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When is filing an ITR compulsory even for people with a low income?

Filing ITR is mandatory in many situations even when a person's income is low or falls below the income tax rebate limit. These situations include having an annual income of over ₹2.5 lakh (old regime)/₹4 lakh (new regime), having over ₹1-crore current account deposits or over ₹50-lakh savings account deposits. ITR filing is also compulsory if electricity bills exceed ₹1lakh/annum.
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News By: Bhawana Chaudhary
06:56 pm Wednesday, 29 July 2026

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Shubman Gill becomes world no. 1 ODI batter

India captain Shubman Gill has once again reclaimed the world number one position in the latest ICC ODI batting rankings, overtaking New Zealand's Daryl Mitchell. Gill moved to the top with 801 rating points, while Mitchell slipped to second with 794 after missing New Zealand's ODI series against West Indies. Mitchell had occupied the top spot since January this year.
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News By: Anmol Sharma
09:40 pm Wednesday, 29 July 2026

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India's CWG 2026 medal tally reaches 15 as Gavit, Basil script historic gold-silver finish

India's medal tally at CWG 2026 reached 15 after para sprinters Dilip Gavit and Mohammed Basil secured a historic one-two in the men's 100m T47 on Day 6. Gavit won gold in a Games-record 10.71 seconds, while Basil claimed silver in 10.83 seconds. Notably, Murali Sreeshankar also bagged silver in men's long jump on Day 6 with an 8.09-metre effort.
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News By: Anmol Sharma
07:04 am Thursday, 30 July 2026

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US launches air attack on Iran

The US military has launched airstrikes in Iran in retaliation for an Iranian "surprise" missile attack targeting an American base in Jordan. The strikes came hours after US President Donald Trump warned Iran, saying, "We're going to beat the f***ing s**t out of them". These are the first American strikes on Iran since Trump paused the bombing campaign last week.
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News By: Dharini Mudgal
08:27 am Thursday, 30 July 2026

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Ajinkya Rahane retires from all forms of cricket

Batter Ajinkya Rahane on Thursday announced his retirement from all forms of cricket. "The reality of life is...everything has a beginning and everything has an end. When the time comes, you simply have to respect it and move forward," the 38-year-old said. Rahane scored 5,077 runs in 85 Tests, 2,962 in 90 ODIs and 375 in 20 T20Is for India.
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News By: Anmol Sharma
10:34 am Thursday, 30 July 2026

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How did one email account expose Bank of Baroda's 1,000-GB of customer data?

Bank of Baroda said an employee's email account was compromised after a hacker claimed to leak 1,000 GB of data. A single corporate email account can act as a master key, unlocking internal networks, cloud backups and archived files via Single Sign-On. The account, possibly belonging to an auditor or IT administrator, may have allowed attackers access to internal repositories.
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News By: Dharini Mudgal
12:28 pm Thursday, 30 July 2026

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BJP holds protest outside AAP’s Delhi office over alleged paper leaks in Punjab

BJP workers held a protest outside the Aam Aadmi Party’s (AAP) Delhi office, alleging that several examination papers have been leaked in Punjab during the tenure of CM Bhagwant Mann. Delhi BJP president Harsh Malhotra led the protest and demanded the resignation of Punjab Education Minister Harjot Singh Bains. Notably, CM Mann has denied that any paper leak happened.
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News By: Jayant Singh
01:12 pm Thursday, 30 July 2026

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FIFA opens assault proceedings against 2 Argentina players, staff member over World Cup final fight

FIFA has opened disciplinary proceedings for assault against Argentina players Leandro Paredes and Nahuel Molina and assistant coach Roberto Ayala over clashes with Spain players following World Cup final in New Jersey earlier this month. If found guilty, they are likely to face lengthy suspensions. Notably, Parades was caught on camera grabbing Spain's Eric Garcia by the throat.
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News By: Anmol Sharma
01:24 pm Thursday, 30 July 2026

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Billions will have their personal AI agents in 5 years: Zuckerberg

Meta CEO Mark Zuckerberg predicted that billions of people will have their own personal artificial intelligence (AI) agents within the next five years. He said these AI agents could help users manage their finances, health, interpersonal relationships, and household tasks. Zuckerberg made the remarks during Meta's quarterly earnings call with investors on Wednesday.
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News By: Pravel Jain
01:34 pm Thursday, 30 July 2026

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Man left partially paralysed after police mistook stroke for drunk driving in Mumbai

A 73-year-old man who suffered a stroke while driving and caused minor accident was allegedly kept at a Mumbai police station for hours on suspicion of drunk driving. His family said the delay caused him to miss critical "golden hour" for stroke treatment and left him partially paralysed. They said police mistook his slurred speech, symptom of stroke, for intoxication.
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News By: Dharini Mudgal
01:58 pm Thursday, 30 July 2026

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Who plays what in Ranbir Kapoor-starrer 'Ramayana'?

Actor Ranbir Kapoor is playing the character of Lord Ram, actress Sai Pallavi the role of Goddess Sita, Yash the role of Raavan and Ravi Dubey the role of Lord Lakshman in the 'Ramayana' movie. As per IMDB, movie will depict Sunny Deol as Lord Hanuman, Rakul Preet Singh as Surpanakha, Arun Govil as Dashrath and Sheeba Chaddha as Manthara.
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News By: Jayant Singh
02:10 pm Thursday, 30 July 2026

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Overhead wire snaps at WB railway station, causing sparks; people run in panic

Panic broke out at Kolkata's Dakshineswar railway station after an overhead electric wire snapped, causing sparks and smoke. A video shows people running in fear as sparks can be seen from the wire. The fault stopped train services on both up and down lines, leaving many passengers stranded. Railway officials started repair work, while commuters faced long delays.
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News By: Girish Kumar Anshul
02:29 pm Thursday, 30 July 2026

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Fans spot VFX changes in 'Ramayana' trailer, highlight better quality after teaser backlash

After the trailer of Ranbir Kapoor-starrer 'Ramayana' was released, fans compared its VFX to the previously released 'Rama' teaser, which received massive backlash. The trailer appears to feature redesigned demons, cleaner CGI and better VFX. Comparing a scene featuring demons, fans highlighted how the makers toned down colour grading in the trailer as against the previous heavy yellow tint.
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News By: Bhawana Chaudhary
02:44 pm Thursday, 30 July 2026

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Nithin Kamath explains why Korean market sell-off is his 'biggest nightmare'

Zerodha Co-Founder Nithin Kamath called Korean market sell-off is his "biggest nightmare as a broker" while noting the growth of Margin Trading Facility (MTF) in India. "Even though MTF as a percentage of market cap is small, if...Indian markets were to fall sharply, it'd cause severe sell-offs," he said. MTF is when people borrow from a stockbroker to buy shares.
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News By: Medhaa Gupta
02:57 pm Thursday, 30 July 2026

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What is known about New Noida project?

Noida Authority said it'll begin land acquisition for New Noida project, also known as Dadri-Noida-Ghaziabad Investment Region (DNGIR), next week, HT reported. Spread across 209.11 sq km, the project will cover 84 villages—63 in Bulandshahr and 21 in Gautam Buddha Nagar. The project includes two industrial areas and three development zones. Land under the Northern zone will mainly be residential.
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News By: Dharini Mudgal
03:10 pm Thursday, 30 July 2026

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Indian students used 'marriages of convenience' to get Canada work visa for spouses: Report

Internal emails from Canada's High Commission in New Delhi said some Indian students entered into "marriages of convenience" so their spouses could obtain open work permits in Canada. The report said working spouses helped finance students' tuition fees and living expenses, adding that many applicants relied on such arrangements because of the high cost of studying and living in Canada.
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News By: Aradhana
03:27 pm Thursday, 30 July 2026

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Police removed me from near Parliament; Insta blocked before E20 march: Tehseen

A day before his E20 Gaadi march, political analyst Tehseen Poonawalla alleged that Delhi Police officials, including two IPS officers, stopped and removed him from Vijay Chowk near Parliament while he was addressing the media. He also claimed his Instagram account has been suspended, adding that no matter what, he won't be intimidated. Poonawalla-led Team Bharat is organising the march.
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News By: Garima Garg
03:42 pm Thursday, 30 July 2026

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