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
Wife couldn’t prove husband’s affair with maid, yet got Rs 50 lakh alimony and divorce; Patna HC explains whyWife got Rs 50 lakh permanent alimony and divorce even though she couldn’t prove husband’s affair with maid; Know how she won case in Patna...
15 Oct, 2026, 05.48 PM IST
Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...
15 Oct, 2026, 02.43 PM IST
Groww says it accounted for 44% of new SIP registrations in September quarterDirect mutual fund assets held through Groww rose 45.9% year-on-year (YoY) to Rs 2.06 lakh crore as of end September, and 7.8% from about R...
15 Oct, 2026, 12.40 PM IST
Bank holiday on Durga Puja: Bankers in West Bengal urge chief minister to declare October 17 as a holidayHoliday on Maha Saptami Puja: Bankers in West Bengal are appealing for an additional holiday on October 17 to celebrate Maha Saptami Puja. ...
14 Oct, 2026, 05.08 PM IST
India’s hidden gold chest is giving imported bullion a run for its moneySoaring gold prices are prompting Indians to exchange old jewellery for new designs this festive season rather than cut back on purchases. ...
14 Oct, 2026, 02.57 PM IST
Husband’s name was also on the title deed, yet he was ordered to vacate the house: Why Kerala High Court ruled in wife’s favourHusband and wife both of them put their name on house’s title deed, but wife’s father paid for it and even he gave 5000 Saudi Rials to him ...
14 Oct, 2026, 02.44 PM IST
Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...
14 Oct, 2026, 11.39 AM IST
Woman applied for 130 shares in Adani Wilmar IPO, bank entered only 65; she sought Rs 40L compensation; gets relief in consumer commissionThe woman had earlier appealed in the district commission which held that she did not qualify as a consumer and that the complaint was not ...
13 Oct, 2026, 05.36 PM IST
Senior citizen gets income tax notice over Rs 65.27 lakh cash deposit in bank account; his son proves source of funds and wins case in ITAT JaipurSenior citizen sent income tax notice for Rs 65.27 lakh unexplained cash deposit, which was later proved to be pension and FD money; ITAT J...
13 Oct, 2026, 04.28 PM IST
Diwali Sale 2026: Buying fridge, AC, or washing machine online? Here’s how to get the best deal on big appliances and save moreOnline sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific Consumer Insights survey by S&P G...
13 Oct, 2026, 03.28 PM IST
Neighbour claiming your property? Your sale deed’s boundary details could be crucialIn a significant legal clash in Bangalore, Mr. Thimmadasappa defended his land rights against K.M. Venkatamuniyappa's unfounded claim that ...
10 Oct, 2026, 04.24 PM IST
When do you need a tax residency certificate to claim lower tax rate under DTAA for Tax Year 2026For Indians earning income from overseas, securing a tax residency certificate is essential to avail benefits under the Double Taxation Avo...
10 Oct, 2026, 01.26 PM IST
Teacher denied gratuity for retiring at 62 instead of 60; Allahabad HC orders payment with 6% interest, here's whyA teacher was approved for working till 62 years age however, she was denied gratuity payment on the ground that the retirement age was 60 ...
10 Oct, 2026, 10.03 AM IST
Good news for employees: Input Tax Credit on group health and life insurance allowed; Know how it employeesNow GST input tax credit to emoyers on group insurance; this can mean more life and health insurance coverage for employees; Know how it he...
09 Oct, 2026, 11.21 AM IST
Soon, FD details will be part of your CAS statement; Here’s how it helps youSoon you will get to see your fixed deposit (FD) details in CAS statements. CAS stands for consolidated account statements and it is usuall...
07 Oct, 2026, 05.35 PM IST
Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...
05 Oct, 2026, 06.46 PM IST