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Filing an ITR beyond the designated deadline is classified as a belated return, which can be submitted through December 31, 2025. (AI image) ITR filing FY 2024-25 due date: ITR filing FY 2024-25 due date: There is no intimation as of 12:00 AM, September 17, 2025 from the Income Tax Department on extension of ITR…
BENGALURU: Gameskraft Technologies accused its former group chief financial officer, Ramesh Prabhu, of diverting company funds into unauthorised futures and options trading, causing losses he estimated at more than Rs 250 crore. Following a fact-finding review, the company wrote off Rs 270.4 crore in its accounts for the 2024-25 financial year. The allegations form part…
Insurers will no longer be able to claim input tax credit (ITC) on Goods and Services Tax (GST) paid on commissions and brokerage for individual health and life insurance policies from September 22, the Central Board of Indirect Taxes and Customs (CBIC) clarified on Tuesday. The move comes ahead of the implementation of the new…
The US Federal Reserve opened a key interest rate meeting on Tuesday, just hours after Donald Trump’s close aide Stephen Miran was sworn in as a governor of the central bank, while another top official, Lisa Cook, is fighting the president’s attempt to oust her.Miran, who has been a senior adviser to Trump, took the…
A comprehensive health insurance plan that covers the entire gamut of treatments is something that customers look forward to while buying a policy. Now, Galaxy Health Insurance Company, offers coverage for a whole host of treatments from surrogacy, oocyte donor expenses and organ transplantation—all under its ‘Galaxy Promise Signature’ plan. There will be no change…
If you are planning to buy a health insurance policy for yourself or your family, apart from the regular check-lists of ‘must-have’ options, you should choose a plan that offers restoration benefits. With the surge in medical inflation, the availability of restoration benefits in a policy can become a shield against astronomical medical bills. Restoration…
Take the case of Kolkata-based Sabita Mukherjea, who had been hospitalized due to a respiratory tract infection. “First, the insurer did not approve the cashless claim and later rejected the reimbursement claim saying hospitalisation was not necessary. I had paid more than seven premiums in the policy,” Mukherjea said. However, as per the moratorium clause…
The year 2024 has been transformative for India’s life insurance sector, marked by regulatory advancements, evolving customer needs, and innovative product developments. These changes have driven industry growth and reinforced its role in securing the financial well-being of millions of Indian families. The sector has shifted towards greater digitalisation, improved product offerings, and enhanced accessibility,…
A seasonal rise in human metapneumovirus (HMPV) cases in China, Malaysia, Hong Kong, and other Asian countries has raised alarms worldwide. The detection of multiple HMPV cases in India has put government authorities on their toes. While experts term the HMPV surge seasonal, rising viral infections can dampen sentiment around international travel during the holiday…
Insurers typically require proof of hospitalisation to process a health insurance claim. However, what can be done when someone is too old or unwell to be admitted to a hospital and the sole option is to get treatment at home? Treatment at someone’s home or domiciliary treatment covers medical consultation, nursing care, medical consultation fees,…
