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How Much Penalty You May Have to Pay If Caught in an Income Tax Raid?

How Much Penalty You May Have to Pay If Caught in an Income Tax Raid?

by Ameet S | Jul 17, 2026

Synopsis: An income tax raid can result in tax, penalties, interest and even imprisonment in serious cases. This article is a complete guide to the current penalty regime, tax liability and legal consequences under the Income-tax Act.  An income tax search can have...
Income Tax Dept Updates Annual Information Statement: Foreign Assets and Income for Last 3 Years Now Visible – What It Means for Taxpayers

Income Tax Dept Updates Annual Information Statement: Foreign Assets and Income for Last 3 Years Now Visible – What It Means for Taxpayers

by Shreya Tiwari | Jul 17, 2026

Synopsis: The Income Tax Department is now showing details of foreign assets and income in the Annual Information Statement for the last 3 years. Let’s look at what the update means, who it affects, and what taxpayers should do before filing their income tax returns....
Top 5 Conservative Hybrid Mutual Funds Based on 3-Year Returns in 2026: Parag Parikh, SBI and More

Top 5 Conservative Hybrid Mutual Funds Based on 3-Year Returns in 2026: Parag Parikh, SBI and More

by Ameet S | Jul 17, 2026

Synopsis: Conservative hybrid mutual funds combine debt and equity investments to offer relatively stable returns with limited market exposure. This article highlights the top 5 conservative hybrid funds based on their 3-year returns in 2026. Conservative hybrid funds...
Amazon’s AWS Announces ₹60,000 Crore Data Centre Project in Telangana – Which Region Is Emerging as India’s Next AI Powerhouse?

Amazon’s AWS Announces ₹60,000 Crore Data Centre Project in Telangana – Which Region Is Emerging as India’s Next AI Powerhouse?

by Jasmitha | Jul 17, 2026

Synopsis: Amazon Web Services (AWS) has announced a new hyperscale data centre project in Hyderabad with a capacity of ₹60,000 crore. This article discusses the project’s scale, impact for the AI and Cloud ecosystem of Telangana, vision for Bharat Future City...
BMTC Launches AC Vajra Express: Direct Bus from Tumakuru to Electronic City Cuts Travel Time by 1 Hour – Check Route & Timings

BMTC Launches AC Vajra Express: Direct Bus from Tumakuru to Electronic City Cuts Travel Time by 1 Hour – Check Route & Timings

by Ameet S | Jul 16, 2026

Synopsis: BMTC has launched a new 101-km Vajra Vistara AC bus service connecting Tumakuru and Electronic City from July 6, 2026. Priced at ₹200 per trip, the direct service eliminates multiple bus changes and is expected to reduce travel time by up to an hour for many...
EPFO Launches VISHWAS 2026: Settle Pending PF Penalty Cases at Lower Rates – Check Who Benefits From the Scheme

EPFO Launches VISHWAS 2026: Settle Pending PF Penalty Cases at Lower Rates – Check Who Benefits From the Scheme

by Ameet S | Jul 16, 2026

Synopsis: EPFO has launched the new scheme VISHWAS 2026 to resolve the outstanding PF damages disputes with the eligible employers at a concessionary rate. The six-month scheme offers relief from paying penalty costs for late PF contributions, but there will be no...
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