Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him reliefA husband's attempt to offset substantial stock market losses against his income was initially rejected by tax authorities. Despite trading...
ITR filing for FY 2025-26: Key changes in due dates, ITR forms, and F&O disclosure rules taxpayers must knowThe deadline for filing income tax returns for FY2025-26 has arrived, with new rules and forms in effect. Notably, ITR 3 and ITR 4 filings ...
India, US to hold ministerial-level talks on bilateral trade pact this weekIn a significant development, India and the US are set to conclude the first phase of their trade agreement this week. Commerce Minister Pi...
Affordable housing, rental expansion and RERA reforms set to define next growth phase in India's urban region: ReportIndia's housing sector is set for a major overhaul, driven by urbanization and policy shifts. A report highlights the urgent need for affor...
NEET re-exam 2026: Gatherings barred, curbs imposed around 16 centres in DehradunDehradun authorities have imposed strict restrictions around NEET re-examination centers on June 21 to ensure a peaceful environment. Publi...
US probes Germany's drug pricing policies, opens door to tariffsThe US has launched a trade probe into Germany's pharmaceutical pricing, alleging it unfairly burdens American commerce and forces the US t...
Nathu La, Lipulekh La checkposts designated as immigration posts for Kailash Mansarovar pilgrimsThe ministry's joint secretary, Sandeep N Mahatme, in an official note said, "In exercise of the powers conferred by sub-section (1) of sec...
Retired employee claims tax exemption on Rs 19 lakh leave encashment; I-T dept issues notice and caps it at Rs 3 lakh; ITAT Chennai grants him full reliefWhen Mr Balasubramanian Venkatachalaperumal from Jagadamal Street retired from ONGC in FY 2019-20, he got Rs 19.05 lakh as leave encashment...
US launches trade investigation into Germany over drug pricingAmerica has started a trade probe into Germany's plan to cut pharmaceutical spending. U.S. Trade Representative Jamieson Greer stated the i...
FIR against SP MLA over 'objectionable' post targeting BJP MP Kangana RanautAn FIR has been registered against Samajwadi Party MLA Rakesh Kumar Verma in Pratapgarh, Uttar Pradesh, for allegedly making objectionable ...
Paying rent but not receiving HRA? Here’s how non-salaried individuals can claim tax deductionSelf-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Sectio...
ITR filing due dates for AY 2026-27: July 31 is not the deadline for every taxpayer; check 5 other tax filing due datesThe Income Tax Department has set July 31, 2026, as the deadline for most individual taxpayers, including the salaried class, to file their...
Disproportionate, band-aid solution: IFF on Centre's curbs on Telegram ahead of NEET re-examThe Internet Freedom Foundation has voiced strong opposition to the government's controversial move to not only ban Telegram but also to st...
SC seeks data on claim Punjab failed EWS admissions mandateThe Supreme Court has taken notice of a plea alleging Punjab's failure to implement the Right to Education Act. Specifically, private unaid...
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
Key US government surveillance program is set to expire. A look at what that meansA vital US spy program, Section 702, has expired. Congress failed to extend its powers. This tool helps prevent terror attacks and track fo...
India counters US Section 301 probe claims of surplus capacity in textiles, steelIndia is pushing back against US allegations of excess production capacity in textiles and steel. Government officials argue that domestic ...