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SENIOR CITIZEN TAX CASE
₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...11 Sep, 2026, 01.18 PM IST- NRO account for NRIs: Which funds can be deposited, tax on interest and repatriation rulesFor NRIs, establishing or converting an existing bank account is vital upon confirming non-residence status. An NRO account facilitates the...10 Sep, 2026, 04.10 PM IST
- Rs 2.42 lakh FD investment and Rs 1.06 lakh cash deposits, no ITR filed, got income tax notice; senior citizen wins case in ITAT Jaipur after 9-year fightNo ITR filed, yet Rs 2.42 lakh FD investment, Rs 1.06 lakh cash deposits triggers tax notice for senior citizen; she wins case in ITAT Jaip...10 Sep, 2026, 07.00 AM IST
- Subhash Chandra Garg cherry-picking figures from two different bases: CBICGarg, who has been at the centre of the recent controversy over the government's GDP growth estimates, had questioned the Centre's claim of...10 Sep, 2026, 12.55 AM IST
- UAPA probe: Terror charges not dropped against US citizen, 6 UkrainiansThe National Investigation Agency is actively pursuing its terror investigation concerning foreign nationals who were recently detained. A ...09 Sep, 2026, 11.19 PM IST
- India’s senior living market could become a $10.1 billion opportunity by 2030The senior living market in India is expected to blossom, with projections indicating it could reach USD 10.1 billion by 2030. This growth ...09 Sep, 2026, 01.36 PM IST
- SC gives govt two weeks to file list of black money cases pending in HCsThe Supreme Court granted the government two weeks to list cases. These cases challenge provisions of the Black Money Act, including Anil A...09 Sep, 2026, 12.38 AM IST
- With elderly population set to double by 2050, govt looks to step up healthcare, caregiving servicesIndia’s rapidly growing elderly population is creating both a demographic challenge and an economic opportunity, with the government expand...08 Sep, 2026, 05.17 PM IST
- Bombay High Court refuses to quash defamation summons against Rahul Gandhi over 'Commander-in-Thief' remark against PM ModiThe Bombay High Court dismissed Rahul Gandhi's petition challenging a defamation summons. This decision upheld a lower court's order regard...08 Sep, 2026, 12.19 PM IST
- Senior citizen FD interest rates of up to 8.50%: Top 5 fixed deposit rates from PSU, private and small finance banksHighest senior citizen FD interest rates: Small finance banks offer senior citizens the highest fixed deposit rates currently. Equitas, ESA...07 Sep, 2026, 07.31 AM IST
- Rs 15 lakh fraud money credited to senior citizen’s account, police wanted to question him; HC grants anticipatory bail on this groundCriminals deposited Rs 15 lakh in senior citizen’s bank a/c; police wants to question him; HC grants anticipatory bail and observes mere de...04 Sep, 2026, 11.28 AM IST
- 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 whyEmployee deposits Rs 25 lakh cash in bank; tax officer sends notice for unexplained cash u/s 69; Employee wins case in ITAT Bangalore; Know...04 Sep, 2026, 11.25 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
- 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
- Delhi govt to give above Rs 2 lakh a year for senior citizen centres inside RWAs, housing societies and village chaupals where seniors can meet their friends to play gamesDelhi government will provide Rs 2.4 lakh a year to eligible senior citizen centres set up inside RWAs, housing societies and village chaup...30 Aug, 2026, 03.42 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
- Senior citizens can earn up to 7.20% on FD investment: HDFC Bank, Federal Bank revise rates on select tenuresHDFC Bank has announced a boost to fixed deposit rates for senior citizens, increasing them by ten basis points. Federal Bank has also adju...26 Aug, 2026, 01.03 PM IST
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