From mandatory Aadhaar card verification for new PAN card applications and an extended income tax return (ITR) filing deadline to revised credit card …
1/6ITR Filing deadlines for FY 2025-26 | Taxpayers should also keep a close watch on income tax return filing deadlines. For individuals filing ITR-1 and ITR-2 forms, the due date for filing returns for Financial Year 2025-26 (Assessment Year 2026-27) is July 31, 2026. Meanwhile, taxpayers filing ITR-3 and ITR-4, who are not subject to tax audit requirements, have until August 31, 2026, to submit their returns. Missing the prescribed deadlines could result in penalties, restrictions on choosing certain tax regimes and limitations on carrying forward eligible losses to future assessment years. (Image AI generated)
2/6EPFO 3.0: UPI-Based PF withdrawals expected to begin | One of the most anticipated reforms is the launch of the EPFO 3.0 platform, which aims to modernise the Employees’ Provident Fund Organisation’s digital infrastructure. Under the new framework, EPF subscribers are expected to gain access to an instant withdrawal facility through the UPI platform. (Image AI generated)
3/6Dearness Allowance revision awaited | Another key development expected in July concerns Dearness Allowance (DA), a crucial component of salaries and pensions for central government employees, pensioners and public sector workers. The government revises DA twice every year in January and July. The upcoming revision is expected to be closely watched by millions of employees and pensioners. (Image AI generated)
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