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Time of India
5 days ago
- Business
- Time of India
ITR filing last date for FY 2024-25 is not same for all: Check due dates for salaried individuals, professionals, companies, proprietorship firms, other taxpayers
Last date for filing ITR for salaried individuals, professionals, other taxpayers whose accounts are not required to be audited Academy Empower your mind, elevate your skills Last date for filing ITR for professionals, other taxpayers whose accounts must be audited Last date for filing ITR for taxpayers with international transactions Last date to file belated ITR Made a mistake in ITR: Last date to file revised ITR When can you file an updated return, and what is the last date to file it? Penalty for missing the original last date of filing ITR The Income Tax Department extended the last date to file income tax returns (ITR) from July 31, 2025, to September 15, 2025, for FY 2024-25 (AY 2025-26). The extended due date applies to individuals, Hindu Undivided Families (HUFs) and other taxpayers whose accounts are not required to be audited. Under the Income Tax Act, 1961, there are different due dates for different categories of Wealth Online informs you about the different ITR filing last dates applicable for FY 2024-25 (AY 2025-26) and the penalties taxpayers will incur if their ITR is not filed before the deadline individuals and other taxpayers whose accounts are not subject to audit can file their income tax return by September 15, 2025. The original due date of ITR filing for these taxpayers was July 31, 2025. However, this due date was extended due to the changes made in the Income Tax Act in Budget Read | ITR-1 vs ITR-2: Which form applies to your income? As per the press release issued by the Central Board of Direct Taxes (CBDT), "The notified ITRs for AY 2025-26 have undergone structural and content revisions aimed at simplifying compliance, enhancing transparency, and enabling accurate reporting. These changes have necessitated additional time for system development, integration, and testing of the corresponding utilities. Furthermore, credits arising from TDS statements, due for filing by 31st May, 2025, are expected to begin reflecting in early June, limiting the effective window for return filing in the absence of such extension. This extension is expected to mitigate the concerns raised by stakeholders and provide adequate time for compliance, thereby ensuring the integrity and accuracy of the return filing process."Changes in the income tax slabs under the new tax regime and capital gains rules in the mid-year have complicated the ITR filing process for FY 2024-25. Hence, the Income Tax Department have extended the due date to file ITR by 45 days to provide additional time to this category of Read | ITR filing last date extended but what is the last date to deposit final tax without penalty? The last date to file ITR by October 31, 2025, applies to those taxpayers whose accounts are required to be audited. Typically, this category of taxpayers includes companies , proprietorship firms, and working partners of a firm, among category of taxpayers is required to submit their audit report by September 30, allowing them to file their ITR by October Income Tax Department has not extended the ITR filing deadline for these taxpayers till last date to file ITR by November 30, 2025, applies to taxpayers who are required to furnish a report under Section 92E. This report is furnished when a taxpayer has undertaken international transactions during the relevant financial taxpayers are also required to submit the audit report by October 31 to be able to file their tax returns by November 30, it is also important to note that the Income Tax Department has not extended the ITR filing deadline for these income tax laws allow taxpayers to file ITR after the expiry of the due date. This ITR is referred to as a belated ITR. The last date to file belated ITR for every category of taxpayer is December 31. For FY 2024-25 (AY 2025-26), the last date to file belated ITR is December 31, Read | LTCG exemption on equity and equity mutual funds is Rs 1 lakh or Rs 1.25 lakh? The income tax laws allow taxpayers to correct the mistake made in the ITR. This correction of ITR is done by filing a revised ITR. The last date to file the revised ITR is December 31. For FY 2024-25 (AY 2025-26), the last date to file the revised ITR is December 31, you have missed the deadline to file an original or belated return, taxpayers have the option to file an updated return. This tax return can be filed after the end of the assessment year. Budget 2025 has provided taxpayers with more time to file updated returns. Effective April 1, 2025, taxpayers will have up to 48 months to file an updated return, instead of 24 months earlier. However, they will be required to pay additional tax of 60% and 70%, as is an example to understand when you can file an updated return. Suppose you were required to file ITR for FY 2024-25 (AY 2025-26) by September 15, 2025. However, for some reason, you missed filing the tax return by the original due date. You were also unable to file the ITR by the belated ITR filing deadline of December 31, 2025. If you want to file your ITR now, you must file it via the updated return. The updated return for FY 2024-25 can be filed between April 1, 2026, and March 31, 2030. The penalty will be applicable as per the year in which the ITR is filed.A penalty under Section 234F of the Income Tax Act, 1961, is levied if the taxpayer files a belated ITR. A taxpayer is required to pay a late filing fee of Rs 5,000 if he/she misses the due date of ITR filing. However, taxpayers whose taxable income does not exceed Rs 5 lakh have to pay a penalty of Rs 1,000. The penalty is levied even if no additional taxes are payable while filing the ITR.A penal interest may also be levied under Section 234A. This is levied if an individual pays his/her self-assessment tax dues after September 15, 2025. Interest penalty under sections 234B and 234C may also be applicable, provided advance tax payments have either been deferred or there is a delay in payment. The penal interest under section 234A/B/C is 1% per month.
Time of India
11-07-2025
- Business
- Time of India
ITR-1, ITR-2, ITR-3 or ITR-4: Which form applies to your income for ITR filing FY 2024-25 (AY 2025-26)?
Who can file income tax return using ITR-1 form? Eligibility to file ITR-1 Who can file income tax return using ITR-2 form? Eligibility to file ITR-2 Who can file income tax return using ITR-3 form? Eligibility to file ITR-3 Who can file income tax return using ITR-4 form? Eligibility to file ITR-4 Who can file income tax return using ITR-5 form? Eligibility to file ITR-5 Who can file income tax return using ITR-6? Eligibility to file ITR-6 Who can file income tax return using ITR-7? ITR filing is mandatory even if income is below basic exemption limit Last date for ITR filing for FY 2024-25 (AY 2025-26) The Income Tax Department has notified the income tax return (ITR) forms for the financial year 2024-25 (assessment year 2025-26). This year's ITR forms have been updated to incorporate the income-tax related changes announced in the Budget Wealth Online tells you which ITR form is applicable to your income while filing ITR this year i.e., for FY 2024-25 (AY 2025-26).The Income Tax Department has revised the eligibility criteria for taxpayers who can file their tax return using the ITR-1 form. This change will make it simpler for many taxpayers to file their the past, individual taxpayers with capital gains were not eligible to file their ITR usingITR-1 form. The new form allows individual taxpayers to file their ITR using ITR-1 even if they have long-term capital gains but subject to the condition that the gains are long term capital gains from sale of listed equity shares and/or equity mutual fund units and the amount of gain is only up to Rs 1.25 lakh in a financial to Shalini Jain, Tax Partner, People Advisory Services, EY India, taxpayers are eligible to file ITR- 1 if they satisfy the following conditions:a) Individual being ordinarily resident (ROR).b) Total taxable income does not exceed Rs 50 lakh in FY 2024-25.c) Have income from one or more of these income sources: Salary, one house property, other sources such as interest, dividend, pension, etc., long-term capital gains up to Rs 1.25 lakh from listed equity shares and/or equity mutual fund units and agricultural income up to Rs 5, term capital gains from listed equity shares and equity mutual fund units are taxed under Section 112A of the Income Tax Read: Is LTCG exemption on equity shares and equity mutual funds is Rs 1 lakh or 1.25 lakh? Taxpayers who are not eligible to file their ITR using ITR-1 can file it using ITR-2. They can use the ITR-2 form, provided they meet the eligibility criteria for the year ITR-2 will include the option to report capital gains incurred on transactions before/after July 23, 2024. This is because the new rules for calculating capital gains kicked in from July 23, 2024. The form also allows taxpayers to claim capital loss on share buybacks starting from October 1, Income Tax Department has also provided relief to taxpayers filing ITRs for FY 2024-25 by raising the income limit to Rs 1 crore for reporting assets and liabilities in their ITR. Earlier, taxpayers with income above Rs 50 lakh were required to report their assets and liabilities in their explains that individuals who fulfil any one or more of the following eligibility criteria have to file their tax returns using ITR-2:a) Individuals having any one of these residential status for income tax purposes: Resident but ordinarily resident (ROR), Resident but not ordinarily resident (RNOR) and Non-Residentb) Hindu Undivided Familyc) Total taxable income in FY 2024-25 (AY 2025-26) exceeds Rs 50 lakhd) Income from any source except profits and gains from business or profession i.e., income from the following sources is permissible for the purpose of using ITR- 2 - salaries, more than one house property, income from other sources such as interest income, dividend, capital gains (Short term and long term) such as sale of unlisted equity shares, gains from listed equity shares and equity mutual fund units exceeding Rs 1.25 lakh, house, debt mutual funds, other assets etc.e) Taxpayer being a director in a companyf) Taxpayer holding unlisted equity sharesg) Taxpayer having income from sources outside India, such as interest, dividend, rent, capital gains and/ or holding foreign assets such as foreign shares, immovable property, bank accounts, etch) Income from the sale/transfer of Virtual Digital Assets (VDAs) such as cryptocurrency, NFTs, Read: ITR filing changes that NRIs should know ITR-3 form is to be used to file ITR by taxpayers who have income and gains from business or profession. This year, ITR-3 has added references to Section 44BBC (Cruise business) for income derived from business and explains the eligibility requirements for taxpayers for filing ITR using the ITR-3 form. Taxpayers meeting any of the following criteria can file their ITR using ITR-3:a) Individuals/HUF having business income/income from professionb) Partner of a firmc) Individual taxpayers having gains/losses from Futures & Options or Intra-day form is to be used by taxpayers who opt for the presumptive taxation scheme under Section 44AD for businesses and Section 44ADA for explains which taxpayers are eligible to file ITR-4 for FY 2024-25:a) Resident Individuals, HUFs, and Firms (Other than LLP) with total income up to Rs 50 lakh who are taxed under Sections 44AD, 44ADA or 44AE and having long term capital gains of up to Rs. 1.25 lakhs from listed equity shares and equity mutual fund units. However, the limit of Rs 50 lakh can go up to Rs 75 lakh in case of professionals, provided 95% or more of the income receipts from the profession have been received through recognised banking channels, such as Net banking, UPI, debit cards, etc. Section 44ADA applies to professionals, including doctors, lawyers, engineers, and others.b) ITR-4 can also be filed by small businesses opting for presumptive taxation under Section 44AD and having business income up to Rs 2 crore. The limit increases to Rs 3 crore if 95% or more of the business receipts are received via banking is not for individuals and HUF says, "Any taxpayer not being an individual, HUF or company can file their ITR using ITR-5. This tax form is used by firms, LLPs, Association of Persons, business trusts and investment funds."ITR-6 form is applicable for says, "ITR-6 is for income tax return filing by companies who cannot file tax return using ITR-7 form."ITR-7 is meant to be used primarily by specified says, "Taxpayers, including companies which are charitable or religious trusts, political parties, research organisations, news agency or those specified in the Income Tax Act are required to furnish income tax return in ITR-7"ITR filing is mandatory even if the total taxable income is below the basic exemption limit if the following criteria specified in the income tax law is satisfied during the financial year:a) If you have incurred aggregate expenses on foreign travel for yourself or any other person for an amount exceeding Rs 2 lakhb) If you have paid aggregate electricity bills for an amount exceeding Rs 1 lakhc) If you have made aggregate deposits in current account exceeding Rs 1 crored) If you hold any foreign asset or have signing authority in foreign account either in own name or as a beneficiary or as a beneficial ownere) Practically, you may need to file ITR if you are claiming exemptions for capital gains under Section 54, 54B, 54EC, 54F etc.f) If aggregate TDS and/or TCS of Rs 25,000 or more has been deducted or collected during the financial year 2024-25. For senior citizens (individuals who are 60 years or more of age), this limit is Rs 50,000g) For claiming income tax refundThe Income Tax Department has extended the last date for filing income tax return for certain taxpayers from July 31, 2025, to September 15, 2025. This deadline extension applies to salaried individual taxpayers, HUFs, and taxpayers whose accounts are not required to be Read: ITR filing deadline extended to September 15, 2025 for these taxpayers For other taxpayers, whose books of accounts are required to be audited, the due date for ITR filing has not been extended as yet. For them, the last date is either October 31 or November 30, 2025, for FY 2024-25 (AY 2025-26), depending on whether their business includes international transactions or not.
Time of India
08-07-2025
- Business
- Time of India
NRIs' filing ITR in India should know these four income tax-related changes
Academy Empower your mind, elevate your skills The Income Tax Department has notified the income tax return (ITR) forms for FY 2024-25 (AY 2025-26). But, although software utilities for ITR-1 and ITR-4 have been released by the tax department, it still hasn't rolled out the software utilities for ITR-2 and the other ITR forms. Non-Resident Individuals (NRIs) mainly use ITR-2 to file their tax FY 2024-25 (AY 2025-26), there have been quite a few updates in the Income Tax Act, 1961, such as new capital gains regulations and changes in the income tax slabs. This might leave NRIs wondering how these changes will affect their ITR Wealth Online explains the four updates that will affect ITR filing by NRIs in FY 2024-25 (AY 2025-26)The government has increased the threshold for reporting assets and liabilities for individuals who would be filing ITR-2. Tarun Garg, Director, Deloitte India, says, "According to the new rule, an NRI filing ITR-2 is required to report his/her assets and liabilities only if his/her gross taxable income exceeds Rs 1 crore in FY 2024-25. It is important to note that NRIs are required to report their Indian assets and liabilities in ITR 2. Foreign assets and liabilities are not required to be reported by an NRI in the ITR-2 form ."The new capital gains tax regime took effect on July 23, 2024. For capital gains (short-term or long-term) transactions that occurred before July 23, 2024, the old capital gains tax rate will apply. Hence, it is essential to know the actual date of sale or transfer to calculate the correct income tax liability. Garg says, "The ITR-2 form has simplified the compliance process for reporting capital gains for taxpayers, including NRIs. There is a segregation in the ITR-2 form to allow NRI taxpayers to report their capital gains (short-term or long-term) before and/or after July 23, 2024. This segregation will help taxpayers to report their (capital gains) incomes to the tax department accurately."The ITR-1 and ITR-4 forms released by the Income Tax Department have enhanced the disclosure requirements. Garg says, "The ITR-1 and ITR-4 utilities released by the Income Tax Department have enhanced the disclosure requirements. A taxpayer is required to provide additional details with respect to deductions and exemptions claimed. For instance, if Section 80C deduction is claimed for a life insurance policy, then the taxpayer will be required to report the policy number. Similarly, NPS investments will require reporting of PRAN account number in the ITR form while claiming Section 80CCD deduction."The ITR filing deadline has been extended from July 31, 2025, to September 15, 2025, for FY 2024-25 (AY 2025-26). The extended deadline applies to salaried, pensioners, NRIs and other taxpayers whose accounts are not required to be says, "The extended deadline allows NRIs and other taxpayers more time to file their tax return. While filing ITR, NRIs should remember that they can claim tax benefits under the Double Tax Avoidance Agreement (DTAA), provided they have filed the Form 10F. There is no specific deadline to file Form 10F, and it is valid for one year from the date of filing. Form 10F filed between April 1, 2024, and March 31, 2025, would help NRI taxpayers to have lower TDS deducted from their income during FY 2024-25 and help them claim treaty benefits while filing ITR as well."The government tweaked the income tax slabs under the new tax regime for the financial year 2024-25. There were no changes in the income tax slabs under the old tax Read: Income tax slabs for FY 2024-25 (AY 2025-26) under new and old tax regime NRIs typically use the ITR-2 form to file their income tax return in India. However, it is advisable to check the sources of income to identify the correct form for ITR are mandatorily required to file their income tax return if their taxable income exceeds the specified threshold or if they have to claim an income tax cannot file an income tax return using ITR-1 form. However, they can file their tax return using ITR-2 NRI can e-verify their ITR using the Net Banking facility if they are unable to use the Aadhaar facility for ITR verification. NRIs can also use the EVC generated through a pre-validated bank account or demat account to verify the bank account.
Time of India
14-06-2025
- Business
- Time of India
Income tax slabs for ITR filing FY 2024-25 are different under new tax regime: Check details
While filing an income tax return for AY 2025-26, a taxpayer has to use the income tax slabs for the FY 2024-25. Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is necessary to calculate their tax liability. This is because the income tax slabs for FY 2024-25 (AY 2025-26), i.e., for the previous financial year, differ from those for the current financial year 2025-26. Tired of too many ads? Remove Ads Income tax slabs in new tax regime for ITR filing FY 2024-25 (AY 2025-26) Income tax slabs in new tax regime FY 2024-25 (AY 2025-26) Income slabs (In Rs) Income Tax Rate (In %) 0-3,00,000 0 3,00,001-7,00,000 5 7,00,001-10,00,000 10 10,00,001-12,00,000 15 12,00,001-15,00,000 20 15,00,001 and above 30 Tired of too many ads? Remove Ads Income tax slabs in old tax regime for ITR filing FY 2024-25 (AY 2025-26) Income tax slabs for individuals aged below 60 years Income slabs (In Rs) Income Tax Rate (In %) 0-2,50,000 0 2,50,001-5,00,000 5 5,00,001-10,00,000 20 10,00,001 and above 30 Income tax slabs for individuals aged above 60 years below 80 years Income slabs (In Rs) Income Tax Rate (In %) 0-3,00,000 0 3,00,001-5,00,000 5 5,00,001-10,00,000 20 10,00,001 and above 30 Income tax slabs for individuals aged above 80 years Income slabs (In Rs) Income Tax Rate (In %) 0-5,00,000 0 5,00,001-10,00,000 20 10,00,001 and above 30 Things to keep in mind while filing ITR The income tax return filing for FY 2024-25 (AY 2025-26) is upon us. However, many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime , which is necessary to calculate their tax liability. This is because the income tax slabs for FY 2024-25 (AY 2025-26), i.e., for the previous financial year, differ from those for the current financial year filing an income tax return for AY 2025-26, a taxpayer has to use the income tax slabs for the FY 2024-25. A taxpayer who files ITR now for FY 2024-25 will not be able to claim a tax rebate under section 87A on net taxable income up to Rs 12 lakh, which was announced in Budget 2025. This is because this tax rebate is applicable on incomes earned in current financial year between April 1, 2025, and March 31, 2026, i.e., for FY 2025-26. However, under the new tax regime, he can still claim a tax rebate under section 87A on net taxable income up to Rs 7 lakh while filing ITR. Similarly, the income tax slabs announced in Budget 2025 wont be applicable when you file ITR but the older Wealth Online provides you a ready reference of the income tax slabs for FY 2024-25 (AY 2025-26) under the new and old tax are the income tax slabs for FY 2024-25 (AY 2025-26) that will help you calculate your income tax liability under the new tax income tax slabs under the old tax regime depend on the taxpayer's age in FY 2024-25, i.e., between April 1, 2024, and March 31, date to file ITR extended for certain taxpayers: The Income Tax Department has extended the deadline to file ITR for FY 2024-25 (AY 2025-26) from July 31, 2025, to September 15, 2025. This ITR filing deadline extension applies to salaried employees, individuals, and other taxpayers whose accounts are not required to be tax regime option is available till this date: If you are planning to opt for the old tax regime while filing ITR for FY 2024-25 (AY 2025-26), then ensure that your income tax return is filed before the due date, i.e., on or before September 15, is because the new tax regime is the default tax regime. If the ITR is filed after the expiry of the due date, then a belated ITR can be filed under the new tax regime standard deduction, NPS employer's contribution: Under the new tax regime, a taxpayer can claim a higher standard deduction from salary income and higher deduction on employer's NPS 2024 hiked the standard deduction from salary income to Rs 75,000 under the new tax regime. Similarly, salaried employees can claim a deduction of up to 14% of their basic salary under Section 80CCD (2) if new tax regime is opted while filing
Time of India
28-04-2025
- Business
- Time of India
Akshaya Tritiya is here but gold prices near Rs 1 lakh: Should you invest in gold this year or look at silver as an alternative?
Tired of too many ads? Remove Ads Reasons why gold prices are rising Tired of too many ads? Remove Ads Is it the right time to buy gold on Akshay Tritiya? Tired of too many ads? Remove Ads How can investors earn better returns from gold this Akshay Tritiya? Is buying silver a better option than gold this Akshay Tritiya? On April 22, 2025, gold briefly surpassed the Rs 1 lakh mark for the first time in India and is currently hovering around this milestone. As Akshaya Tritiya approaches in the next two days, which is considered an auspicious occasion to buy gold in India, the prices of the yellow metal might hit new highs. However, given the high prices, many are wondering if it is worth buying gold this year as Wealth Online explains why gold prices are rising, whether buying gold this Akshay Tritiya is a good idea, and what you can do for better to experts, gold prices are rising due to geopolitical reasons and US President Donald Trump 's unpredictable actions of imposing reciprocal tariffs on Shah, MD, Kama Jewellery, says, "The rise in gold prices is primarily influenced by the global economic uncertainties triggered by multiple events. The most important factor is Trump's tariffs and the US-China trade war. This, along with the turbulence from geopolitical tensions in the Middle East and Eastern Europe, has been the key concern, leading to a rise in gold as a safe investment haven across the globe, thus pushing up the gold price."Also Read: Can you sell old, un-hallmarked gold to buy new gold this Akshaya Tritiya? Concurring with Shah's view, Aksha Kamboj, VP, India Bullion & Jewellers Association (IBJA) and Executive Chairperson, Aspect Global Ventures, says, "The recent surge in gold prices can be attributed to a combination of global economic uncertainty, rising geopolitical tensions, and a weakening rupee. In times of instability, investors naturally turn to gold as a safe-haven asset. Additionally, central banks worldwide, including in emerging economies, have been steadily increasing their gold reserves to hedge against inflation and currency fluctuations. These factors together have created sustained demand and upward pressure on prices."According to a report in The Economic Times, the Reserve Bank of India (RBI) bought 57.5 tonnes of gold in FY 2024-25. This was the second-highest level of gold purchase in any financial year by the central bank after it started accumulating in December 2017. As on March 31, 2025, the RBI's total gold stock was 879.6 Mathur, Director-Commodities undefined a weaker dollar seen below 100 in the last few sessions has added to the momentum. Fundamentally, markets are pricing in increased geopolitical risks, fuelled by US trade tensions and stagflation concerns, which still have the potential to drive further gains for the yellow metal."The current environment suggests that trade-tariff wars and geopolitical concerns can further drive gold prices higher, unless there is a change in the situation, say experts. Hence, the question arises: should you invest in gold this year on Akshay Tritiya, like previous years?Deveya Gaglani, Senior Research Analyst-Commodities, Axis Securities, says, "For short-term investors, entering gold at current levels carries an elevated risk, given the nearly 30% rally year-to-date. However, we recommend a staggered buying approach for long-term investors, accumulating gold on dips - ideally in phases of 5-10% corrections."For many people, gold holds sentimental value. Shah says, "While the price is not much of a deterrent amid the gold-buying spree, the investment ticket size will probably shrink, given the landmark price rise of the yellow metal. However, gold still remains a lucrative asset class from the return on investment point of view, and people will look forward to this as a hedge against inflation."However, Mathur from Anand Rathi has a different view. "We still believe gold has room to rise further, up to 10-15% from the current levels of $3,800-3,850 per ounce in spot, translating to levels of Rs 1,05,000-1,08,000 per 10 gram in domestic futures markets in a time span of 3-6 months. Meanwhile, the current rally seems too fast, as the rise from Rs 90,000 to almost Rs 1 lakh took just 12 days, while the run from Rs 80,000 to Rs 90,000 took about 77 days, which indicates price corrections of up to 5-10 % are still possible in the near term, leading to volatility in prices," he from IBJA says, "Akshaya Tritiya is a time for auspicious beginnings, and buying gold on this day is a tradition believed to bring prosperity. While prices are high, gold has always been considered a timeless asset in Indian households. Even small, symbolic purchases, whether in physical or digital form or gold ETFs, hold long-term value and cultural significance. In that spirit, buying gold today is as much about faith as it is about financial planning."Gold prices are at a record high. What can investors do now to get better returns from gold this Akshay Tritiya?Gaglani from Axis Securities says, "A parabolic move in gold prices happens once in a few years. Gold has always proved its mettle as the most secure asset when it comes to economic uncertainty, war, crisis, etc. It is an excellent tool for portfolio diversification, protecting investments against volatile market fluctuations. Therefore, we recommend buying gold ETFs to diversify your portfolio, as they are highly liquid, efficient, secure, and cost-effective."Kamboj says, "For better returns, investors should focus on a diversified approach to gold. Along with traditional physical gold, options like digital gold offer added benefits, such as interest income and ease of storage. Timing the market is always tricky, but consistently allocating a portion of one's portfolio to gold, especially during uncertain times, has proven to be a smart long-term strategy.""For people looking at long-term investment, gold can serve as an ideal asset class," says Shah. "Investors must bank on the opportunity to invest in gold wherever the price witnesses a dip. For short-term investments, people can also consider gold ETFs and gold mutual funds, as they also bring multiple benefits," he who cannot buy gold due to high prices often buy other metals such as silver, copper, etc. Many prefer to buy silver coins or ornaments on Akshaya buying silver on this Akshaya Tritiya be a better option?Mathur from Anand Rathi says, "Akshaya Tritiya is always considered auspicious in India when buying gold or silver. However, gold has risen almost 21%, while silver returns are around 11-12 % year to date. Investing in silver with a long-term perspective of 1 year is likely a better option at current levels as compared to gold."Concurring with the view, Gaglani from Axis Securities says, "Gold has achieved an impressive return of over 25% this year, having seen significant gains. In contrast, silver is relatively more affordable now, as the gold/silver ratio is trading close to a multi-year high of 101. This suggests that gold may be approaching the overbought territory. Looking ahead, physical demand for silver is expected to rise in 2025 due to its essential role in solar panels, electric vehicles, 5G infrastructure, and semiconductor manufacturing. Furthermore, the global push for renewable energy is likely to increase demand, particularly from China and the US. Consequently, we anticipate that silver prices could deliver returns of more than 20-30% by the end of this year."
