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CONSORTIA BLOCK EXEMPTION RULE
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...- UAE announces social media ban for under-15s, joining growing trendThe United Arab Emirates has implemented a social media ban for children under 15, requiring platforms to monitor and disable underage acco...
- Ireland tightens family reunification rules for migrants and refugeesIreland is introducing stricter family reunification rules starting June 12, 2026. Irish citizens and certain non-EEA nationals will need h...
- Tax-free income in India: 8 types of income you don’t need to pay any tax onTax-free income: Unlock tax savings with these eight income sources exempt from income tax in India. From agricultural earnings and provide...
- 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...
- Supreme Court rejects plea challenging Income Tax break to STs in North EastThe Supreme Court has declined to hear a petition questioning the income tax exemption for Scheduled Tribes in certain north-eastern states...
- What should international students know about Germany's blocked account requirement?Germany requires international students and job seekers to open a blocked account, known as a Sperrkonto, to prove financial self-sufficien...
- New tax regime: 7 ways for salaried employees to reduce their tax liability while filing ITR for FY 2025-26Salaried individuals can still reduce their tax liability under the new tax regime for FY 2025-26. Key deductions include employer contribu...
- Government prescribes end to over-the-counter sale of cough syrupsEven in small villages with a population of less than 1,000, where certain remedies including cough syrups were allowed to be sold without ...
- Bank freezes Bengaluru man's entire account instead of Rs 25,000 specified by police; Karnataka HC grants him reliefA Bengaluru resident approached the Karnataka High Court after his bank froze his entire account despite police communications seeking a fr...
- Centre mandates prescription for syrup-based medicinesChemists must now have a doctor's prescription to sell cough syrups. The government has changed the Drugs Rules, 1945. This stops over-the-...
- Govt ends over-the-counter sales of all 'syrups'; mandates doctor's prescription for purchaseThe Union Ministry of Health and Family Welfare has mandated that all syrups, including cough syrups, are now prescription-only. This new r...
- How will the UK ban on social media for under 16s work?Prime Minister Keir Starmer intends to ban social media platforms for children under sixteen. This move aims to protect young people's chil...
- EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...
- 20 foundational AI models created under IndiaAI Mission, 5 released : MeitY secretaryIndiaAI Mission has fostered the creation of 20 foundational artificial intelligence models. Five of these models have now been released. A...
- Government scraps licensing rule for vehicle safety technologyIndia has taken a bold step by deregulating key radio frequencies, paving the way for innovative advancements in self-driving and collision...
- ₹50 lakh to ₹1.4 crore: How extending your PPF can add lakhs to your corpus and who should do itPPF maturity presents a choice: withdraw or extend for continued tax-free compounding. While government backing and tax benefits remain att...
- Trump’s 10% global tariffs stay in force after appeals court extends pause on trade court decisionA US appeals court has kept a 10% global tariff in place for three importers. This decision follows a lower court ruling that had granted t...
- SEZ import relief to fast track chip projectsIndia's semiconductor manufacturing sector is set for a major boost. New rules exempt imports for Special Economic Zones from quality check...
- EU rejects Apple blame for delayed Siri AI rolloutThe European Union has rejected Apple's claims regarding the delayed launch of its AI-powered Siri. EU officials state that Apple alone is ...
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