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I T ACT 1961
Forget the DOJ. For a Trump pardon, call "Bobby" and other influencers- Life advice of the day by George Clooney: 'The simple truth is that everyone has an opinion, everyone has the right to...' - inspiring quote and life lessons on self-expression, opinions and why every voice deserves to be heard by Oscar-winning actor of Syriana
- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27
- Quote of the Day by Legendary actor Eddie Murphy: “I'm in a position that allows me to… – Inspiring lessons on freedom, confidence, achievement, success and why you must live life on your own terms by the icon known for his rapid fire and high energy stand up comedyQuote of the Day by Eddie Murphy: Eddie Murphy’s quote, “I'm in a position that allows me to do what I want to do, and I do it,” reflects t...03 Jun, 2026, 06.59 PM IST
- Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...03 Jun, 2026, 12.30 PM IST
- Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...03 Jun, 2026, 10.10 AM IST
- Quote of the day by Carl Jung: ‘Until you make the unconscious conscious, it will direct your…’ – Swiss psychotherapist on control of our livesSwiss psychiatrist Carl Jung believed unconscious forces dictate our lives, leading us to repeat mistakes and call it fate. He argued that ...02 Jun, 2026, 12.41 PM IST
- I-T department to move Supreme Court against HC relief in public trust rowThe rift stems from the Income-tax department's demand that deeds of these religious and charitable trusts must categorically state that th...31 May, 2026, 11.54 PM IST
- This day in history, May 30: From Joan of Arc's execution to the first Indy 500, women's pro baseball league debut and Mariner 9's launch to MarsThis day in history, May 30, has witnessed some of the world's most significant political, military, scientific and cultural developments. ...30 May, 2026, 05.19 PM IST
- Mumbai man received tax notice over unreported income, not filing ITR; ITAT rules in his favour on TDS benefit, tax demand reducedManoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...29 May, 2026, 04.51 PM IST
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITRIndian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...28 May, 2026, 05.17 PM IST
- Twisha Sharma case: Giribala Singh's anticipatory bail quashed by the MP High CourtTwisha Sharma death case: The Madhya Pradesh High Court has cancelled the anticipatory bail of former judge Giribala Singh. This decision r...28 May, 2026, 07.54 AM IST
- Song lyric of the day by Bob Dylan: 'How does it feel to be without a home, like a complete unknown, like a rolling stone...' ; what song Like A Rolling Stone teaches us about importance of stabilityBob Dylan's iconic song, 'Like A Rolling Stone,' highlights the potential pitfalls of a life lacking stability. The lyrics serve as a poign...23 May, 2026, 02.32 PM IST
- Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...22 May, 2026, 07.21 AM IST
- Quote of the day by Carl Rogers: 'We think we listen, but very rarely do we listen with real understanding, true empathy. Yet...' - life lessons on impact of active listening on relationships and why feeling heard changes lives by pioneer of person-centered therapyQuote of the day by Carl Rogers: He highlights active listening as a crucial, yet often overlooked, skill in relationships. True understand...20 May, 2026, 07.56 PM IST
- Quote of the Day by Princess Diana: “If men had to have babies, they would only ever have one each” – Inspiring quote on motherhood, women’s strength and the unseen courage required at every stage of pregnancy by the People's Princess known for her HIV awareness efforts and humanitarian workQuote of the Day by Princess Diana: Princess Diana’s powerful quote reflects on the realities of motherhood and the strength of women. It h...15 May, 2026, 11.31 PM IST
- Quote of the day by Jacqueline Kennedy Onassis: 'Once you can express yourself, you can tell the world what you...' – inspiring lessons on why expression is the key to influence and growth by former First Lady of United StatesQuote of the day by Jacqueline Kennedy Onassis: She believed that expressing oneself is crucial for clarity, connection, and influence. Her...12 May, 2026, 07.19 PM IST
- As US reboots psychedelics from counterculture to R&D, Indian pharma must take the leadThe United States is accelerating research into psychedelic drugs for mental illness. This shift prompts India to re-evaluate its own drug ...08 May, 2026, 11.22 PM IST
- Wipro is buying back shares at Rs 250. What your tax bill looks like depends on this factorWipro's share buy-back offers Rs 250 per share, a premium over market price. New tax rules effective April 1, 2026, treat buy-back proceeds...30 Apr, 2026, 02.18 PM IST
- If I gift my Rs 2 lakh to my wife who plans to invest in FD, who will pay income tax on interest earned?ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deductin...28 Apr, 2026, 02.17 PM IST
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