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DISABILITY PENSION TAX EXEMPTION
In 1944, a retired IRS auditor Anne Scheiber invested $5,000 in stocks; 51 years later, her portfolio was worth $22 millionAnne Scheiber reportedly retired in the mid-1940s with an annual salary of about $3,150. She had never been promoted. Her pay had also chan...
Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explainedMr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free b...
Repeated hospital trips, costly AC travel: Supreme Court pushes for railway concessions for acid attack survivorsSupreme Court has asked the Department of Empowerment of Persons with Disabilities to participate in framing a policy for railway travel co...
ALPA India seeks tax relief for pilots in FY28 BudgetALPA India has called for tax relief measures to address the ongoing attrition of Indian pilots. The organization argues that the current t...
NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limitWhen it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications ...
Groom gets Rs 10 lakh cash and gold jewellery from wedding guests. Now he has to keep record of these gifts. But why?A wedding gift of ₹10 lakh in cash sounds like a reason to celebrate, but one woman's post about her cousin's gift has sparked a very diffe...
My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...
Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
Can you save tax by gifting money to your HUF? How Section 99 changes the tax equationMoney or property gifted by a member to an HUF may not be taxable in the HUF’s hands because of the “relative” exemption. But the tax conse...
FD rate up to 8.3% for senior citizens investing for three years; know the list of banksFor senior citizens aged 60 and above, numerous banks are offering fixed deposit interest rates as high as 8.5%. Jana Small Finance Bank ha...
Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reasonIn Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, hi...
Delhi HC directs police to decide on bank unions' protest site ahead of Sept 28-30 strikeIn a significant ruling, the Delhi High Court mandated police to locate a new site for the protest organized by bank employees, due by Sept...
Dependent family pension pending since 2020: Why pensioner body is seeking intervention in widow’s case over missing death certificateMita Biswas has been unable to obtain her dependent family pension due to a missing death certificate. Her brother died during the COVID-19...
Canada CPP, OAS payment tomorrow: Who gets the September 25 payment and how much could you receive?Canada CPP and OAS payments, including the Guaranteed Income Supplement (GIS), are scheduled for September 25, 2026. Find out who qualifies...
Why Social Security gives some families $255 after death while eligible survivors can receive monthly benefits - a rule unchanged since 1954A viral TikTok about a family receiving just $255 after paying more than $1 million into Social Security has sparked debate over what happe...
100% family pension and NPS-related benefits: Know who is eligible to get extraordinary pension benefits in RailwaysThe railway employees' new pension guidelines have been announced, slated for implementation in 2026. These provisions classify both death ...
Canada OAS payment increase: Seniors to get more money from October 28 as 2026 benefit rises 1.4% — new monthly amounts, GIS, payment dates and tax rules explainedCanada's Old Age Security (OAS) payments are set to increase by 1.4% for the October to December 2026 quarter, giving millions of seniors a...
Canada Disability Benefit payment not received in September? Here’s what to do if your $150 supplement is missingCanada Disability Benefit payments are reaching eligible Canadians, but some people may not see the $150 supplemental payment right away. T...
Higher EPS pension: Ruling party MP urges PM Modi to ensure uniform, time-bound implementationBJP Rajya Sabha MP Ajeet Madhavrao Gopchade has urged Prime Minister Narendra Modi to intervene in pending higher EPS pension issues. He hi...
8th Pay Commission news: Pensioners demand 67% of last pay drawn, Rs 69,000 minimum pay, 3.83 fitment factor8th Pay Commission latest news: Pensioners proposed a 67% pension of last pay drawn and a minimum pay of Rs 69,000. They also recommended o...