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The recent delay in income tax refunds for FY 2024–25 has caused uncertainty among taxpayers across India. While many expected quicker processing after filing their Income Tax Returns (ITRs) by the extended deadline of September 16, several refunds are still pending. On Monday, the Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal , provided clarity on the reasons behind these delays and the steps being taken by the department. Current Status of ITR Refunds: What the CBDT Chairman Said According to the CBDT Chairman, low-value refunds have already begun to be released , and the remaining refunds are expected to be processed by end of November or December 2024 . He clarified that the delay is largely due to the tax department identifying cases where wrongful deductions were claimed , necessitating verification before the refunds could be released. Wrongful Deduction Claims: Core Reason Behind Delays The department has detected many returns where taxpayers claimed: H...

Gold Outshines Stock Markets: A 25-Year Investment Perspective Gold Delivers Higher Returns Than S&P 500 and Nifty 50 Gold has proven to be a superior long-term investment, outperforming major stock market indices like the S&P 500 in the U.S. and Nifty 50 in India over the last 25 years . According to a report by Aequitas , gold has consistently delivered higher returns , reinforcing its position as a reliable investment asset. Gold’s Performance vs. Stock Markets Since 2000 In USD terms , gold has grown 9.99 times since 2000, while the S&P 500 has increased 4.34 times during the same period. This means gold has more than doubled the returns of the S&P 500 over 25 years. In Indian rupee terms , gold has appreciated 19.32 times , whereas the Nifty 50 index has grown 15.67 times . The report emphasizes gold’s long-term stability and strength , especially during economic downturns and periods of financial uncertainty. Why Is Gold Outperforming Stocks? Safe-...