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DEDUCTION CLAIMS
Incorrect HRA or deduction claims? How Section 270AA may offer relief from 200% penaltyIncorrect tax claims may expose taxpayers to a 200% penalty for misreporting and prosecution in appropriate cases. Section 270AA offers con...- Passenger wins Rs 3,100 after taking IRCTC to court over just Re 1; Kerala man challenges train ticket refund shortfall; consumer court delivers verdictA Kerala passenger won Rs 3,100 in compensation after taking IRCTC to the consumer commission over a Re 1 shortfall in a cancelled train ti...
- Do luxury townships really earn higher rents in Mumbai? Here's what buyers should checkMumbai's luxury housing market is experiencing increased interest in residential townships. But buyers should consider various factors impa...
- Planning robotic surgery? Your health insurer may pay only 50% of the hospital bill: Know what to checkRobotic surgery is increasingly covered by health insurance in India, but not without complications. Despite having a high sum insured, pol...
- 36-48 months of salary as Diwali bonus, rumours or true? Micron's bonanza to Indian employees confirmed by techieMicron employees in India are reportedly receiving massive Diwali bonuses, with some payouts allegedly running into several times their ann...
- Buying gold on Dhanteras? 7 things you must check before paying the jewellerBuying gold on Dhanteras and Diwali is a significant tradition observed in many Indian households. It is essential to check several factors...
- Delhi techie couple donates Rs 50 to political party, claims Rs 40 lakh ITR deduction, evades Rs 5.3 crore income tax, faces IT probeA Delhi-NCR techie couple allegedly claimed Rs 40 lakh in tax deductions after donating just Rs 50 to a political party. An Income Tax Depa...
- Income Tax 2026: 3 key changes in deductions & exemptions every taxpayer must knowThe Finance Act, 2026 outlines significant changes in income tax deductions and exemptions for Tax Year 2026-27. Non-resident individuals w...
- Gurgaon man pays Rs 20,000 rent, takes bike trips to mountains, says Rs 30 lakhs a year is enough; blames people for spending too muchA LinkedIn post questioning whether Rs 30–50 lakh a year is enough to live in Gurgaon has sparked a debate. The author recalled paying Rs 2...
- Odoo 20 strengthens business operations with deeper India-specific compliance featuresOdoo 20 has launched several updates designed specifically for Indian businesses. These updates focus on enhancing GST compliance, payroll ...
- NCLAT sets aside insolvency proceedings against Polycab over Rs 2.78 crore duesNCLAT overturned the insolvency proceedings against Polycab India Limited, which originated from a claim by Asier Metals. The tribunal foun...
- France moves to make rioters pay through family welfare benefitFrance's Senate has approved a law to hold families accountable for damages caused by riots and unrest. This legislation allows authorities...
- Defeated presidential candidate Flavio Bolsonaro and his family land in Miami after fleeing BrazilFlavio Bolsonaro arrived in Miami alongside his family after fleeing Brazil following his election defeat. He traveled through Argentina an...
- No job or regular income? Husband cannot avoid wife’s maintenance, says Allahabad HCThe Allahabad High Court has delivered a landmark decision affirming that a husband's assertion of being unemployed does not absolve him of...
- AT&T data breach settlement checks: Who gould get $5,000 and why others may receive less than $10AT&T settlement checks: AT&T customers who filed claims under the $177 million data breach settlement could receive up to $5,000 for docume...
- GST registration gets easier as CBIC drops Udyam proof, sets seven-day limit for approvalsThe Central Board of Indirect Taxes and Customs has issued clarifications regarding GST registration requirements for businesses. Companies...
- EPS-95 pension row: Retirees challenge 2007 EPF amendment over lower pension; Karnataka HC rules against themThe Karnataka High Court ruled against retired employees challenging amendments to the Employees' Pension Scheme, 1995. The court found the...
- FD rate up to 8.5% for senior citizens investing for five years; know the list of banksSenior citizens in India have exciting options for fixed deposits, with top banks enticing them with appealing interest rates. Leading the ...
- UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should doIn the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income ...
- Retired bank employee claims tax exemption on Rs 9.53 lakh leave encashment, faces income tax notice and wins full relief at ITAT JaipurAfter retiring from the State Bank of India, Chhaju found himself facing a tax exemption cap of Rs 3 lakh on his leave encashment totaling ...
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