Preeti Kulkarni

Taxpayers must file income tax returns by the July 31 deadline to avoid penalties. Accuracy is paramount, and mismatches in the Annual Information Statement require careful reconciliation. Foreign asset disclosures and F&O reporting errors can lead to significant tax complications. Understanding deemed residency rules is crucial for Non-Resident Indians filing their returns. Late filing incurs fees and restricts tax regime options and loss carry-forwards.

The July 31 deadline for filing income tax returns (ITR) is nearly here. Individual taxpayers — salaried people who do not have income from business or profession must complete the exercise in the next few days.

Kids years apart can mean juggling childcare and college costs at the same time, often delaying retirement.

SECTIONS Big age gap between children? Here's what it means for your retirement, education planning, and family finances By ET Bureau

When Noida-based software professional Sonal Katyal, 38, had her second daughter, Shaivya, five years ago, her elder daughter, Cheryl, was already eight. But Katyal was unfazed by the wider-than-usual age gap between her children.

Vamsi Ayyagari and Gajendra Sharma are among professionals who are leaving corporate jobs to follow their entrepreneurial dreams. They focus on creating financial buffers while ensuring robust emergency funds and sufficient insurance coverage before making significant career changes. A solid retirement fund is similarly prioritized to support them during these new ventures, with careful planning reducing the risks of stepping away from stable employment.

Dr S. Prakash, CEO, Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council, speaks to Preeti Kulkarni on policyholders’ complaints around claim rejections, spike in renewal premiums and the industry’s push for greater standardisation in treatment protocols and billing practices.

Vamsi Ayyagari and Gajendra Sharma are among professionals who are leaving corporate jobs to follow their entrepreneurial dreams. They focus on creating financial buffers while ensuring robust emergency funds and sufficient insurance coverage before making significant career changes. A solid retirement fund is similarly prioritized to support them during these new ventures, with careful planning reducing the risks of stepping away from stable employment.

Dr S. Prakash, CEO, Health Insurance Ecosystem & Strategic Partnerships, General Insurance Council, speaks to Preeti Kulkarni on policyholders' complaints

Earning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers should not wait until 31 August to file.