Latest news with #SiddharthMaurya
News18
4 days ago
- Business
- News18
NSDL Shares Extend Losses Post Q1 Results, Drop 18% After 62% Post-Listing Gain
Shares of National Securities Depository Ltd. (NSDL) slipped nearly 3% on August 14, marking their second straight day; What should investors do? NSDL Share Price: Shares of National Securities Depository Ltd. (NSDL) slipped nearly 3% on August 14, marking their second straight day of declines after the company's Q1 FY26 results. The newly-listed stock has now dropped almost 18% from its all-time high of Rs 1,425, hit just three sessions ago. After opening flat, the stock fell to an intraday low of Rs 1,166 apiece. On August 13, it had shed over 6% to close at Rs 1,206. The selling pressure came despite NSDL reporting a healthy rise in net profit for the April–June quarter. NSDL posted a net profit of Rs 89.63 crore for Q1 FY26, up more than 15% from Rs 77.82 crore in the year-ago period. The company's expenses dropped 14% year-on-year to Rs 228 crore, but revenue from operations fell 7.5% to Rs 312 crore from Rs 337 crore in Q1 FY25. Sequentially, revenue was down over 14% from Rs 364 crore in Q4 FY25. Stellar Market Debut Followed by Sharp Rally NSDL made its market debut on August 6 at Rs 880 per share on the BSE — a 10% premium over its IPO price. The Rs 4,000-crore IPO quickly turned into a multi-bagger for institutional investors as the stock surged up to 62% from its listing price and 78% from its IPO price in just four sessions, touching a record Rs 1,425 on August 11. Market experts remain divided on short-term prospects. Siddharth Maurya of Vibhavangal Anukulakara Pvt. Ltd. said long-term investors could 'take comfort in India's robust market infrastructure" but suggested profit booking at current elevated levels. Bhavik Joshi of INVasset PMS noted that NSDL's current P/E ratio of 71.5 is higher than its debut P/E of 49 and above peer CDSL's 66. While investors are willing to pay a premium for NSDL's scale and trust, Joshi warned of risks tied to transaction volumes, market activity, and cybersecurity. Ambareesh Baliga told CNBC-TV18 that it may be wise for IPO investors to book profits and rotate back to CDSL, given the recent sharp run-up. Sunny Agarwal of SBI Securities advised short-term traders to take gains, while long-term investors could use dips to accumulate. view comments First Published: News business » markets NSDL Shares Extend Losses Post Q1 Results, Drop 18% After 62% Post-Listing Gain Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India Today
13-07-2025
- Business
- India Today
Why claiming your PF money seems so difficult
For millions of salaried people, the provident fund (PF) is supposed to be a safety net for the future, money you can count on when you leave a job or retire. But when it's time to claim it, many people run into unexpected hurdles that slow things down or even stop the money from reaching their bank what makes claiming your own PF so complicated? spoke to Siddharth Maurya, Founder and Managing Director, Vibhavangal Anukulakara Private Ltd., to find out where things go wrong and what employees can do to avoid common ERRORS, BIG DELAYSIt all starts with tiny mistakes. A spelling error in your name, a mismatch in your date of birth, or an old bank account number can be enough to freeze your claim. 'Incomplete documentation, incorrect name, date of birth, ID number or bank account number mismatch, employer verification, outdated KYC, these small discrepancies trigger outright rejection and delays,' Maurya EPFO system checks your details against Aadhaar, PAN, and other records. Even a small mismatch can cause the process to get INCOMPLETE KYC STOPS EVERYTHINGMany people don't realise how important proper KYC (Know Your Customer) is. If your KYC isn't verified, your claim can get stuck for months. Without KYC and full identity verification, all processes stop. Your claim stays frozen in limbo until KYC issues are resolved," says if your paperwork is fine, if your bank details do not match the EPFO records, your claim might be rejected EMPLOYERS ALSO RESPONSIBLE?It's not always just the paperwork that causes trouble. Employers can also delay claims, knowingly or unknowingly. According to Maurya, "Employers are active participants. If they don't update your exit date or don't respond properly to EPFO, your claim may get stuck."Sometimes, pending dues or errors in monthly submissions can add to the mess, leaving employees helpless until things are CAN YOU AVOID THESE PROBLEMS?There are simple steps you can take to make sure your PF claim does not get stuck. First, keep your personal details like Aadhaar, PAN, and bank account updated and matched everywhere. Always verify your KYC on the EPFO portal."Keeping personal details like Aadhaar, PAN, and bank account updated across all systems is a must. After leaving a job, make sure your employer updates your exit date. Prefer online filing, check your claim status often, and don't wait too long to raise a grievance if there's an unexplained delay," Maurya THE ONLINE SYSTEM HELP OR HURT?The EPFO's online system has made claims faster and more transparent, but it can confuse people who are not used to filing things online system has definitely made things faster and more transparent, but for those not comfortable with technology, it is puzzling. Verified KYC and matching documents greatly impact a person's claim, which many people seem unaware of," Maurya keep your documents clear and verified. Always double-check your details. If you do this, your hard-earned money will reach you without unnecessary stress. Your PF money is yours, make sure small mistakes don't keep you away from it.- Ends
News18
02-06-2025
- Business
- News18
ITR Filing 2025: How To Handle Income Tax Notices, Avoid Penalties
Last Updated: Even if you've filed your tax returns on time, receiving a notice or intimation from the Income Tax Department can feel unsettling ITR Filing 2025: Even if you've filed your tax returns on time, receiving a notice or intimation from the Income Tax Department can feel unsettling. It's crucial to address these notices quickly and accurately. Start by carefully reading the notice to understand its purpose — common triggers include income discrepancies, TDS mismatches, or missing information. Siddharth Maurya, Founder & Managing Director of Vibhavangal Anukulakara Private Limited, advises: 'To handle an income tax notice, log into the e-filing portal and head to the 'e-Proceedings' section. This is where you can view and respond electronically. Make sure to gather all key documents, including Form 16, bank statements, and investment proofs." Manikandan S, Tax Expert at Cleartax, emphasizes: 'Differentiate between an intimation and a notice. An intimation shares processing details and may not need a response, but a notice requires your attention. Verify the notice's authenticity on the e-filing portal before acting, especially with the Centralized Communication Scheme (CCS) now ensuring all notices are sent electronically." Most notices are routine and manageable — the key is understanding them and responding correctly to avoid penalties and unnecessary stress. Here are some practical tips: Don't Ignore: Every notice has a deadline — missing it can lead to penalties. Be Accurate: Mismatches can trigger further scrutiny. Usually sent to highlight TDS mismatches, calculation errors, or late filing. Section 245 Adjustment against past dues If a refund is due but you have past tax arrears, the department may adjust the refund. Action: Check under 'e-Proceedings' in your portal. Agree/disagree with the reasons within 15 days. No response means automatic adjustment. Section 142(1) Sent if you haven't filed your return or if additional details are needed. Action: File your pending return, if any. Submit requested documents by the deadline to avoid penalties. Section 139(9) Defective return Sent for errors or missing details in your return. Correct and re-file within 15 days via 'e-Proceedings'. Ignoring this may invalidate your return. Seeks clarification on high-value transactions like large cash deposits or property purchases. HRA and TDS Mismatch Notices Sent when your HRA claim or TDS details don't align with department data. Action: Verify tenant TDS compliance if rent exceeds ₹50,000/month. Keep rent receipts and landlord PAN details handy. If there's a genuine mismatch, file an updated return and keep proof. Section 143(2) Scrutiny notice Indicates your return is selected for detailed examination. Action: Submit all relevant proofs (income, deductions, expenses). Attend hearings or respond through the portal. Non-response can lead to estimated tax assessments. Section 148 Issued if undisclosed income is suspected in earlier returns. Action: File a revised return or provide explanations as required. Share proof of income sources. Ignoring this can reopen past assessments and attract penalties. Section 271AAC(1) Penalty for unexplained income Issued if unexplained income, like sudden deposits, is found during scrutiny. Action: top videos View all Provide clear documentation of the income's source. Note that penalties can be as high as 60% for unexplained income. Most of these notices can be handled smoothly with prompt action and accurate information. If you're unsure, always consult a tax expert to avoid bigger issues later. About the Author Aparna Deb Aparna Deb is a Subeditor and writes for the business vertical of She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, More Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! tags : itr Location : New Delhi, India, India First Published: June 02, 2025, 14:50 IST News business » tax ITR Filing 2025: How To Handle Income Tax Notices, Avoid Penalties
