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TAXING WEALTH VS INCOME
ET Wealth Expo 2026: Day 2 to explore alternative investments, financial freedom and the changing face of wealth- Retired bank employee claims tax exemption on Rs 9.53 lakh leave encashment, faces income tax notice and wins full relief at ITAT Jaipur
- Two people, same salary, 20 years: CA Nitin Kaushik reveals what separates the wealthy from the rest
- Mark Zuckerberg makes deal with Meta to help him pay billionaire tax if it passesMark Zuckerberg has made a deal to manage potential tax liabilities from a proposed wealth tax in California. The tax would impose a one-ti...23 Oct, 2026, 07.09 AM IST
- Former Mumbai office boy wins tax battle over Rs 1.46 crore transactions linked to alleged KYC misuseIn a significant legal battle, former office boy Waghela challenged a disputed tax order linked to dubious financial practices. The Income ...22 Oct, 2026, 05.45 PM IST
- Rs 4.29 crore commodity trading turnover, no books of accounts, Rs 3.42 lakh income declared in ITR; Income Tax Dept imposed Rs 25,000 penalty, but he wins case in ITAT JaipurRs 4.29 crore commodity trading turnover, no books of accounts, Rs 3.42 lakh income declared in ITR, Income Tax Dept imposed Rs 25,000 pena...22 Oct, 2026, 05.44 PM IST
- Cash-strapped China targets offshore wealth with new taxChina has introduced a 20 percent tax on dividends and interest from offshore trusts to combat a fiscal deficit. Wealthy citizens must sett...22 Oct, 2026, 08.36 AM IST
- Income tax audit report deadline today: How to check whether your CA has uploaded report on e-filing portalDon’t miss the deadline on October 21, 2026, for filing tax audit reports for Assessment Year 2026-27! Taxpayers can verify their report up...21 Oct, 2026, 03.21 PM IST
- Bangladesh ex-air chief arrested in Qatar over corruption charges, investigators trace alleged wealth to Canada, DubaiBangladesh (Google Trends): Bangladesh’s former Air Chief Marshal Sheikh Abdul Hannan has been arrested in Qatar following corruption alleg...21 Oct, 2026, 12.56 PM IST
- Piramal Finance shares jump 4% as Q2 profit rises 67% YoY to Rs 545 crore, NII jumps 35% YoYPiramal Finance shares rose nearly 4% after Q2 FY27 net profit surged 67% year-on-year to Rs 545 crore. Assets under management grew 24%, w...21 Oct, 2026, 12.08 PM IST
- ET Wealth Expo 2026: Explore the future of investing, financial security and intergenerational wealthFrom building wealth in the AI age and identifying investment opportunities to protecting assets, planning for retirement and transferring ...21 Oct, 2026, 10.32 AM IST
- United Airlines CEO Scott Kirby calls for inheritance taxes near 100% and a national wealth tax. What he wants the US to change and why it mattersScott Kirby, the CEO of United Airlines, has called for a nationwide wealth tax and higher inheritance taxes. He argues that wealth inequal...20 Oct, 2026, 10.16 PM IST
- Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High CourtMr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales...20 Oct, 2026, 08.22 AM IST
- ET Alpha Wealth Summit 2.0 | Why alternatives are becoming essential for wealth creation beyond stocks and bonds, says Rahul JainNuvama Wealth Management’s Rahul Jain says alternative investments can diversify portfolios through private markets, AIFs, private credit, ...17 Oct, 2026, 11.23 AM IST
- Rs 3.41 crore in FCNR deposits tagged as unexplained money despite being held by Dubai-based individual; ITAT Jaipur grants full reliefMrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, h...17 Oct, 2026, 10.41 AM IST
- Retired employee received income tax notice for Rs 9.04 lakh leave encashment; she wins case in ITAT Jaipur, know how leave encashment is taxedRetired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed...16 Oct, 2026, 02.21 PM IST
- Rs 3.99 lakh penalty for under-reporting income and paying Rs 2 lakh less in income tax; ITAT Jaipur cancels penalty, know whyA man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings af...16 Oct, 2026, 12.45 PM IST
- Global Market: China's wealthy rush to unwind offshore trusts as tax deadline loomsChina’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas...16 Oct, 2026, 10.12 AM IST
- How to invest my Rs 2.5 crore retirement fund for a steady monthly income?ET Wealth Reader's Query: I am 60 with a retirement corpus of Rs 2.5 crore. How should I invest it to generate a steady monthly income and ...15 Oct, 2026, 06.51 PM IST
- 5-year FD vs NSC calculator: Check maturity senior citizens can get on Rs 2.5 lakh investment in NSC and FDs from SBI, HDFC Bank, PNB, ICICI Bank and othersFor senior citizens eyeing steady income, evaluating National Savings Certificates against bank fixed deposits is crucial. Investing Rs 2.5...13 Oct, 2026, 03.11 PM IST
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