Daily Mumbai Stories

  🧾 ITR Filing AY 2025–26: Complete Guide to Deadlines, Penalties, Tax Regimes & Crypto Rules 📌 What Is ITR Filing? Income Tax Return (ITR) filing is the process of declaring your income, deductions, and taxes paid to the Income Tax Department. It’s not just a legal obligation—it’s also essential for securing loans, visas, and financial credibility. 🗓️ Latest ITR Deadlines for AY 2025–26 Assessee Type Deadline Notes Individuals (non-audit cases) 15 September 2025 Extended from 31 July due to tech issues Businesses (audit required) 31 October 2025 Includes professionals with audited books Belated Return (with penalty) 31 December 2025 No loss carry-forward allowed ...

  Traders Caught Off Guard: Why NSE & BSE Stayed Open on Eid‑e‑Milad 📰 Introduction This morning, many traders across India woke up wondering if the stock market would take a break for Eid‑e‑Milad . Social media chatter and WhatsApp forwards added to the confusion, with some assuming the NSE (National Stock Exchange) and BSE (Bombay Stock Exchange) would remain shut. But as the opening bell rang, it was business as usual — both exchanges were fully operational. 📅 The Holiday Confusion Eid‑e‑Milad, which marks the birth anniversary of Prophet Muhammad [S.A.W.W], is a public holiday in several Indian states. However, stock market holidays are decided in advance by the exchanges and are not automatically aligned with state or national public holidays. The official 2025 trading calendar did not list September 5 as a holiday. Many traders, especially retail investors, were unaware of this and expected a market closure. 📈 Impact on Trading Sentiment The uncertainty had a mild ...

  Markets on Edge: The Surprising Moves Shaping India’s Trading Day 📌 Overview The Indian stock market ended Thursday on a positive note, supported by a boost in consumer sentiment after the government announced GST rate cuts . However, gains were capped as traders booked profits ahead of the BSE expiry . NSE Nifty 50 : Closed at 24,734.30 , up 0.08% (+19.25 points) BSE Sensex : Closed at 80,718.01 , up 0.19% (+150.30 points) Intraday Highs : Nifty touched 24,980.75 (+1.08%), Sensex hit 81,456.67 (+1.10%) 📰 Key Market Drivers GST Rate Cuts : Lower taxes on essential goods boosted FMCG and auto stocks. Profit Booking : Despite early gains, markets eased as traders locked in profits. Global Cues : Mixed signals from global markets kept investors cautious. 📊 Stocks in the News Corporate Announcements Zydus Lifesciences : Exclusive licensing deal with Synthon for Ozanimod capsules in the U.S. Global Health : 60-year land lease in Guwahati for expansion. TeamLease Services : New ...

  Mumbai on High Alert During Ganesh Visarjan Mumbai police went into high alert on September 5, 2025 as the Ganeshotsav festival neared its end. A chilling WhatsApp message to the city’s traffic control said dozens of blasts were planned. The threat claimed “34 human bombs” had been planted in 34 vehicles across Mumbai, and that 400 kg of the explosive RDX would be used.  It even named the shadowy group “Lashkar-e-Jihadi” and said 14 Pakistani terrorists had entered India for the attack.  In the message, the blast was said to be powerful enough to “shake entire Mumbai” and kill millions. The alarm was taken very seriously. Mumbai Traffic Police confirmed they had received the threat on their official helpline number.  Immediately, the Crime Branch and Anti-Terrorism Squad (ATS) launched an investigation.  Top officials warned the public not to spread rumors, and urged everyone to remain calm and trust only official updates. Key details of the threat Who sent it...