Author: Legal Parivar

If you’ve successfully filed and e-verified your Income Tax Return (ITR), the next question is likely, “When will I receive my income tax refund?” While refunds are generally processed after the Income Tax Department completes verification of your return, taxpayers can easily track the status online and identify any issues that may delay the refund. How to Check Your Income Tax Refund Status Follow these simple steps: What Does Your Refund Status Mean? Return Successfully e-Verified Your return has been accepted and will be processed by the Income Tax Department. Return Under Processing The department is verifying the information furnished…

Filing your Income Tax Return (ITR) is only half the job. Thousands of taxpayers complete their return every year but forget one crucial step—e-verification. Without verifying the return within the prescribed time limit, the Income Tax Department may treat the ITR as invalid, as if it was never filed. If you’ve already submitted your return, here’s why e-verification is essential and how you can complete it. Why Is e-Verification Important? After filing an Income Tax Return, taxpayers must verify it electronically or by sending the signed ITR-V to the Centralised Processing Centre (CPC), if permitted. Until the return is verified,…

Quick commerce startup Zepto is targeting a stock market listing within the next two to three quarters, with plans to revive its IPO process once its financial performance improves and market valuation conditions become more favorable, CEO and co-founder Aadit Palicha told employees during a company-wide town hall, according to a Moneycontrol report. The revised timeline suggests Zepto could launch its Initial Public Offering (IPO) between February and May 2027, instead of the previously planned August 2026 listing. IPO Filing Remains Valid During the town hall, Palicha reassured employees that the company’s IPO preparations remain on track and that Zepto…

The National Stock Exchange (NSE) has completed the payment of ₹1,491.21 crore to the Securities and Exchange Board of India (SEBI) under the settlement of the long-pending co-location and dark fibre cases, marking a significant milestone as the exchange moves closer to its much-awaited Initial Public Offering (IPO). The exchange announced that it has paid the remaining ₹714.74 crore following SEBI’s in-principle approval of the revised settlement terms. This amount is in addition to the ₹776.47 crore already deposited earlier, taking the total settlement payment to ₹1,491.21 crore. SEBI Accepts Revised Settlement Proposal According to NSE, SEBI communicated its in-principle…

Taxpayers who missed the July 31, 2026 deadline for filing their Income Tax Return (ITR) need not panic. The Income Tax Department allows eligible taxpayers to submit a belated return under Section 139(4) of the Income-tax Act, 1961. However, filing after the due date comes with late fees, interest on unpaid taxes and the loss of certain tax benefits. Here’s everything taxpayers need to know if they missed the ITR filing deadline. Can You Still File Your ITR? Yes. Individuals who failed to file their ITR by July 31 can submit a belated return under Section 139(4). The last date…

TCC Concept Ltd. (NSE: TCC, BSE: 512038) reported robust financial performance for the first quarter of FY2026-27, with revenue from operations soaring 480.2% year-on-year to ₹1,283 million, driven by growth across its consumer commerce, logistics, digital infrastructure and AI-led businesses. The technology-focused company also posted a 34.3% increase in profit after tax (PAT) to ₹126 million, while EBITDA jumped 158.1% YoY to ₹463 million, reflecting continued operational momentum. (Disclosure) Q1 FY27 Financial Highlights For the quarter ended June 30, 2026: The company said the strong performance was supported by continued execution across its integrated platform spanning consumer commerce, supply chain,…

NALCO: National Aluminium Company Ltd. (NSE: NATIONALUM, BSE: 532234) reported a strong start to FY2026-27, with net profit surging 88% year-on-year to ₹2,002.38 crore for the quarter ended June 30, 2026, driven by higher aluminium prices, improved production and robust sales volumes. The Navratna CPSE also posted a 39% increase in revenue from operations, which rose to ₹5,302.38 crore during the first quarter, reflecting strong operational performance across its aluminium and alumina businesses. NALCO Delivers Record Q1 Operational Performance The company achieved several operational milestones during the quarter, recording its highest-ever first-quarter performance in key production and sales metrics. The…

Reliance Infrastructure Ltd. (NSE: RELINFRA, BSE: 500390) has announced the resignation of Ivan Saha, Chief Executive Officer of its Renewable Business, according to a regulatory filing submitted to the stock exchanges on Friday. The company disclosed that Saha has resigned from his position as a Senior Management Personnel, with his resignation becoming effective July 31, 2026. Resignation Cited for Personal Reasons In his resignation letter addressed to the Executive Director and Chief Executive Officer of Reliance Infrastructure, Ivan Saha stated that he was stepping down due to personal reasons. He expressed gratitude to the company for providing opportunities for professional…

Bajaj Holdings & Investment Ltd. (NSE: BAJAJHLDNG, BSE: 500490) successfully conducted its 81st Annual General Meeting (AGM) via video conferencing on Friday, with shareholders considering and approving key business resolutions, including a final dividend of ₹130 per equity share for the financial year ended March 31, 2026. The meeting was chaired by Shekhar Bajaj, Chairman of the company, and attended by 177 shareholders through virtual mode in compliance with SEBI and Ministry of Corporate Affairs (MCA) guidelines. Shareholders Considered Five Key Resolutions During the AGM, members considered and approved the following resolutions: Chairman Reviews FY26 Performance During his address, Chairman…

NIIT Learning Systems Ltd. (NSE: NIITMTS, BSE: 543952) has informed stock exchanges that its wholly owned subsidiary, NIIT (USA) Inc., has received an excise tax demand of USD 600,303.50 from the Washington State Department of Revenue following the conclusion of a tax audit covering the period from January 1, 2022, to December 31, 2025. According to the company’s regulatory filing, the audit report and notice of balance due, both dated July 30, 2026, were received on July 31, 2026. Tax Demand Includes Penalty and Interest The total demand of USD 600,303.50 comprises: The assessment relates to the interpretation and application…