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RS 25 LAKH CASH DEPOSIT
Rs 25 lakh cash deposited in bank, income tax officer sends notice for unexplained cash u/s 69; Taxpayer wins case in ITAT Bangalore, here's why- FCNR flows to complicate liquidity management, lead RBI to deploy more tools: Economists
- Puri Jagannath Temple has nearly Rs 2,000 crore bank deposits, owns nearly 61,000 acres of land across 24 districts in Odisha and 6 other states
- Welspun Corp shares jump 6% after Jefferies initiates coverage with Buy rating. Should you invest?Welspun Corp shares jumped nearly 6% after Jefferies initiated coverage with a Buy rating and a Rs 3,250 target price, implying 27% upside....03 Sep, 2026, 10.40 AM IST
- IIM-A graduate with Rs 55 lakh salary settles divorce for Rs 10 lakh: What happened behind the scenes?A social media post has described how an IIM-A graduate reportedly sacrificed his Rs 55 lakh salary for a Rs 32 lakh job closer to home in ...02 Sep, 2026, 11.03 PM IST
- ED raids 12 places across four states in Cyprus-based betting platform Parimatch probeThe search operation is continued by the ED's Mumbai zonal office under section 17 of PMLA, 2002, which grants authorised officers the powe...02 Sep, 2026, 11.33 AM IST
- Rs 41 lakh cash deposit but no ITR: Bengaluru man claimed his wife and father paid his expenses; ITAT Bangalore refuses relief on this groundWaseem Ahmed, accountant member and Keshav Dubey, judicial member of ITAT Bangalore, in a recent judgement refused to condone a delay of ab...02 Sep, 2026, 10.30 AM IST
- Why your first Rs 25 lakh investment is a major wealth-creation milestoneReaching the Rs 25 lakh milestone signifies a transformative moment in wealth creation for young investors. It indicates that accumulated c...01 Sep, 2026, 12.30 PM IST
- People aged above 40 account for 76 pc of individual deposits in banks: RBI dataIndividuals over forty hold most bank deposits, while younger workers contribute less. Term deposits grew significantly, outpacing savings ...31 Aug, 2026, 11.55 PM IST
- Banking system surplus liquidity reaches Rs 5 lakh crore, highest in over four monthsBy the close of August, liquidity within the banking sector surged to close to Rs 5 lakh crore, fueled by government spending and inflow of...31 Aug, 2026, 07.00 PM IST
- Rs 16 lakh cash seized in income tax raid, tax officer calls it unexplained cash; Taxpayer claims it to be family money, he fights and wins the case in ITAT MumbaiDuring an income tax search operation (raid) Rs 16 lakh cash was seized; Man says its family cash; tax officer does not believe him and cal...31 Aug, 2026, 03.12 PM IST
- Supreme Court asks West Bengal govt to provide details of quizzing of Abhishek Banerjee's PA in land grabbing probeThe Supreme Court requested West Bengal government records for Sumit Roy's interrogation. Roy alleged investigators focused on his family a...31 Aug, 2026, 01.16 PM IST
- Numbers Boost: FCNR-B inflows help banks cut expensive bulk depositsIndian banks are actively reducing costly bulk deposits after strong foreign currency inflows. This strategy helps optimize funding costs a...31 Aug, 2026, 12.53 AM IST
- Delhi Lakshmi Yojana RD maturity set for July 2029, year of next Lok Sabha pollsThe Delhi Lakshmi Yojana's recurring deposit matures on July 31, 2029. Eligible women receive Rs 2,500 monthly, with Rs 1,500 in RD and Rs ...30 Aug, 2026, 04.15 PM IST
- FD rate up to 8.5% for senior citizens investing for five years; know the list of banksFor senior citizens, certain banks have enticing fixed deposit options offering interest rates as high as 8.5 percent. These deposits, with...29 Aug, 2026, 07.05 AM IST
- Bank credit, deposits decline in fortnight ended August 15: RBI dataBanking sector saw deposits withdrawn and credit outstanding decrease in the fortnight. Banks are not renewing bulk deposits, opting for fo...28 Aug, 2026, 06.28 PM IST
- Rough patch! How HDFC group delivered a Rs 4.4 lakh crore blow to investors in one yearIn a significant downturn, HDFC group stocks saw a staggering loss of Rs 4.4 lakh crore in market capitalization over the last year. HDFC B...27 Aug, 2026, 09.46 AM IST
- Bengaluru techie felt 'rich' with Rs 1.8 lakh monthly salary. Then a family emergency exposed the financial mistake Gen Z earners ignoreA Bengaluru techie’s experience shows how a high monthly income and regular investments can create a strong sense of financial security, wh...26 Aug, 2026, 05.20 PM IST
- Bengaluru techie says Rs 1.8 lakh salary meant nothing when the hospital bill came knockingA Bengaluru techie earning Rs 1.8 lakh a month shared on Reddit how his father's sudden medical emergency exposed his lack of liquid saving...25 Aug, 2026, 07.16 PM IST
- Plant 500 trees and explain Rs 11.22 crore additional income: A rare direction from ITAT Chandigarh asks taxpayer with Rs 1.79 lakh income shown in ITRThis Haryana man's case was picked up for scrutiny, and during the proceedings the Assessing Officer found large cash deposits, unsecured l...21 Aug, 2026, 07.10 AM IST
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