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Paid Rs 6.5 crore and bought a property with stamp duty value of Rs 8.85 crore, got income tax notice for unexplained investment; He fought back won relief in ITATBuyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...
Bengaluru CA left a Rs 28 LPA job at 26: ‘At 27, I struggled to build consistent income’. Ex-Deloitte and KPMG employee shares what building from scratch looked likeBengaluru CA Meenal Goel left her Rs 28 LPA job at 26 to build her own business. She struggled with inconsistent income at 27 before rebuil...
Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
Sold property for Rs 94 lakh despite a stamp value of Rs 1.93 crore, received an income tax notice under Section 50C; ITAT Chennai grants relief for this reasonChennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...
Indian middle class going 'broke' due to common spending trap: CA warns about financial habit that drains even future wealthThe Indian middle class may be facing a financial problem that is easy to miss while incomes and spending continue to rise. A CA has now po...
Pak-Saudi-Turkiye defence pact not against any country: Pakistan Dy PM Ishaq DarPakistan, Saudi Arabia, and Turkiye have signed a new defense pact. This agreement is purely defensive and not targeted against any nation....
Oil India chief Ranjit Rath among applicants for top job at ONGCOil India CMD Ranjit Rath is a leading contender for the ONGC chairman position. Eligibility criteria, including age limits, were relaxed f...
Gratuity tax deduction denied due to ITR filing error? ITAT Chennai says genuine claims can't be rejectedDue to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine ded...
Dipke urges Modi to address youth on education, jobs in I-Day speech, launches petitionAbhijeet Dipke of CJP launched a petition for Prime Minister Modi's Independence Day address. The petition requests discussion on youth edu...
Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...
Corporate India's boards get younger, but top companies stick with experienceThe average age of directors on NSE-listed companies has declined significantly over the past decade. However, boards at Nifty 100 and Nift...
Earnings from unexercised ESOP buyback is LTCG, not pay perk: ITATThe Income Tax Appellate Tribunal ruled that vested ESOPs are not taxable as salary until exercised. It held that gains from Flipkart's rep...
ITR refund 2026: Filed income tax return within July 31, 2026 deadline? Here’s when you may get your tax refundTaxpayers who filed their income tax returns by the July 31 deadline are now awaiting refunds. The Income Tax Department processes refunds ...
Know Your Fund Manager | Gaurav Chopra, Fund Manager – Equity at Union AMCWith over a decade of experience in equity research, portfolio management and fund management, Union Mutual Fund's fund manager shares his ...
R Madhavan is a top actor, has electronics degree, but has a big problem with money. He calls himself 'dumb' despite being educatedR Madhavan admitted he was “dumb” about money despite being academically qualified, revealing that he did not know what a balance sheet mea...
Missed filing your ITR by July 31, 2026? Know your options and here’s what you can do nowTaxpayers missing the July 31, 2026 income tax return deadline have options. A belated ITR can be filed until December 31, 2026, with a lat...
ITR filing deadline extension: Will Income Tax Department extend July 31 ITR filing due date? Here’s what chartered accountants believeITR filing deadline: Nearly 5.44 crore taxpayers filed income tax returns for AY 2026-27 by July 30. Experts suggest the July 31 deadline e...
KPMG Australia says no decision made on workforce after media report of 1,000 job cutsKPMG Australia denies making job cut decisions following media reports. The firm is reviewing its operating model and cost base for future ...
Standard Chartered sees exit of several top wealth executives in IndiaStandard Chartered India is witnessing a series of senior leadership exits as it reshapes its wealth business and moves away from mass-mark...
Buying stocks without health insurance? A CA says you're gambling with your wealthCA Nitin Kaushik warned that investing in stocks without health insurance is like gambling with your wealth. He said a Rs 8 lakh medical bi...