Business
No extension in tax year 2025 filing deadline: FBR – SUCH TV
The Federal Board of Revenue (FBR) on Monday rejected reports of an extension in the deadline for filing income tax returns for Tax Year 2025, reiterating that September 30 remains the final date.
In a statement, the tax body said it had taken notice of unverified reports circulating on various media platforms suggesting the deadline would be extended.
“It is pointed out that a vast majority of taxpayers reside in areas unaffected by floods and have had ample time to discharge their national obligation of filing returns.”
“The reports suggesting that the IRIS system has slowed down are also unfounded,” the tax-collecting body further said, adding that FBR’s IRIS platform is fully operational, functioning smoothly, and taxpayers can easily file their returns using the new simplified income tax return form.
The tax authority also cautioned that failure to file returns by the due date will result in late-filer status and imposition of penalties under the law.
FBR also urged all eligible taxpayers to act responsibly and file their income tax returns with accuracy and honesty before the deadline of 30th September, 2025, to avoid any legal consequences.
“In case of extreme hardship, the taxpayers can avail an extension of return up to 15 days with payment of due taxes by 30th September, subject to approval by the relevant committee as per law,” the statement added.
Earlier, FBR removed the “estimated market value column” from the income tax return form 2025 on the directions of Prime Minister Shehbaz Sharif for the facilitation of taxpayers.
The prime minister constituted a committee, chaired by Federal Minister for Law Senator Azam Nazeer Tarar, to examine the new column introduced by FBR in the IRIS tax return requiring tax filers to declare the estimated fair market value of moveable and immovable assets, assess its implications for the tax filers, and recommend corrective measures or improvements, said a news release.
The committee comprised the petroleum minister, state minister for finance, attorney general for Pakistan, SAPM on Coordination of Office of DPM, Secretary Finance, Chairman FBR, and Member Customs FBR.
New Delhi: India’s Wholesale Price Index (WPI) or wholesale inflation has “bottomholesale inflation bottomed out, may still remain negated out” and will probably gain slight momentum from November onwards, even as it may still remain in negative territory for most of the remaining months of 2025-26, Union Bank of India said in a report.
The Bank’s 2025-26 WPI forecast is currently tracking below 0.35 per cent amid what are being stated as subdued global commodity prices and a seasonal decline in food prices (with the impact of floods on food inflation seen to be capped).
“Food WPI remains depressed – spatial flooding and supply-chain disruptions did not materialise as expected, keeping food prices contained,” the report read. With 2025-26 Consumer Price Index (CPI) or retail inflation projections of the Union Bank of India also running sharply below the RBI’s latest estimates, it expects a 25 basis points repo rate cut in the upcoming December monetary policy review meeting.
While real GDP growth momentum remains robust, the report asserts that nominal GDP growth is expected to come under pressure due to subdued 2025-26 CPI and WPI projections. India’s wholesale inflation turned negative in October, with the Wholesale Price Index (WPI) recording a decline of (-) 1.21 per cent in October 2025 compared to the same month last year, according to official data released by the Ministry of Commerce and Industry on Friday.
A decrease in the costs of food articles, crude petroleum, natural gas, electricity, mineral oils, and basic metals mainly drove the fall in prices. The Ministry stated that the month-on-month change in WPI for October stood at (-) 0.06 per cent compared to September 2025.
The government releases the index number of wholesale price in India every month on the 14th of every month (or next working day, if the 14th falls on a holiday) with a time lag of two weeks of the reference month, and the index number is compiled with data received from institutional sources and selected manufacturing units across the country.
Inflation has been a concern for many countries, including advanced economies. However, India has largely managed to steer its inflation trajectory in a favourable direction. The RBI held its benchmark repo rate steady at 6.5 per cent for the eleventh consecutive time, before cutting it for the first time in about five years in February 2025.
Business
Gems trade slump: Exports fall 31% in October; bullion volatility, early US stocking hit demand – The Times of India
India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion (Rs 19,172.89 crore) compared to the same month last year, according to data released by the Gems and Jewellery Export Promotion Council (GJEPC), PTI reported.Exports in October 2024 had stood at $3.12 billion (Rs 26,237.1 crore).GJEPC chairman Kirit Bhansali said the decline was largely expected, as overseas buyers had advanced their festive-season stocking before the US tariff came into effect.“Most of the stocking up for the festivals took place before August 27. Therefore, in October the demand was down. The decline in gold and silver exports is triggered by volatile bullion prices,” Bhansali told PTI.He added that exports should revive in November with Chinese market recovery and Christmas demand from major global buyers.Exports of cut and polished diamonds fell 26.97% to $1.02 billion (Rs 9,071.41 crore), down from $1.40 billion (Rs 11,806.45 crore) a year earlier.Shipments of polished lab-grown diamonds also saw a steep slide of 34.90% to $94.37 million (Rs 834.45 crore), compared with $144.96 million (Rs 1,218.25 crore) last October.Gold jewellery exports dropped 28.4% to $850.15 million (Rs 7,520.34 crore) from $1.18 billion (Rs 9,975.17 crore) a year earlier.Exports of coloured gemstones during April–October slipped 3.21% to $250.14 million (Rs 2,173.08 crore).Silver jewellery shipments dipped 16% in October to $121.37 million (Rs 1,072.81 crore), down from $145.05 million (Rs 1,219.01 crore) in 2024.
Business
Power Of SIP: Want Rs 4 crore In 29 years? Here’s How Much You May Need To Invest Every Month
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Embrace the power of compounding wealth by opting for a mutual fund SIP plan that suits your monthly income standards and risk capacity.
How much to invest to get Rs 4 crore as wealth? (Photo Credit: Instagram)
Looking to accumulate wealth to safeguard your future or build a significant retirement corpus? It is time for you to get your investment bone ticking instead of merely paying expenses from your monthly salary. It is time to embrace the power of compounding by investing a fixed amount every month in a Systematic Investment Plan towards a beneficial mutual fund scheme available in the market.
A Systematic Investment Plan entails a long-term investment strategy, where valuable interest is generated and earned on the principal sums invested. Most investors hope to generate enough gains to sustain their livelihood amid rising inflation and uncertainties. But what if an investor wishes to deal in crores at the end of the investment tenure, how much would they have to invest every month?
How To Earn Rs 4 Crore Via 29-Year-Long SIP Plan
If you invest through a Systematic Investment Plan that delivers an average annual return of 12 per cent, you can aim to accumulate over Rs 4 crore by the end of 29 years. To reach this goal, an investor would need to contribute Rs 15,000 per month throughout the investment period.
Over 29 years, the estimated gains generated from investing Rs 15,000 monthly at a 12 per cent return work out to Rs 3.58 crore. This figure is indicative and may change depending on market performance, economic conditions, and fund behaviour.
Total Earnings
If we combine the principal investment of Rs 52,20,200 (Rs 15,000 * 12 months * 29 years) with the capital gains achieved, we end with a total of Rs 4.1 crore. So you can start your investment journey with the ambition of reaching over Rs 4 crore in wealth by investing Rs 15,000 in a SIP mutual fund plan.
Before proceeding, however, individuals must do due diligence and consult a financial expert to identify the best scheme for them to invest in. Since mutual funds are subject to market risks, individuals with a poor risk appetite should be extra careful before investing.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
November 15, 2025, 18:11 IST
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