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Earning Rs 30 LPA does not mean you have 'made it to elite club': CA warns and shares the real-world mathA Rs 30 lakh annual salary is a significant achievement for many professionals. However, this income does not automatically ensure financia...- IPO Calendar next week: SBI MF among 3 new issues to raise Rs 11,980 crIndia's primary market anticipates a significant IPO rush totaling nearly eleven thousand nine hundred eighty crore rupees next week. SBI F...
- NRI sells his Bangalore property for Rs 2.63 crore, declares Rs 16.33 lakh LTCG, gets tax notice; he fights and wins partial relief from ITAT for this reasonSold property for Rs 2.63 crore and reported Rs 16.33 lakh LTCG, claimed home loan interest, travel, water, electricity and brokerage as ex...
- UK tax rule weakens FCNR deposit appeal for wealthy NRIsA steep UK tax on 'global earnings' and the bar on treating interest on certain loans as 'deductible' have reduced the appeal of foreign cu...
- Bankruptcy boom: Businesses going broke in Europe's biggest economyGermany faces a widespread corporate insolvency crisis impacting numerous sectors. High energy costs and industrial decline are major contr...
- Assam budget targets revenue leaks: Jayanta Malla BaruahAssam's finance minister presented the 2026-27 budget focusing on revenue generation and plugging leakages. Capital expenditure has increas...
- SBI rejects Rs 9.48 lakh VRS claim after employee dies a month before cut-off date; HC orders payment to family for this reasonThe Telangana High Court recently held that where an State Bank of India (SBI) employees' VRS application had already been accepted then hi...
- Record visitors, record taxes: Vienna cashes in on tourist boomAs Vienna grapples with smashed record after smashed record for tourist numbers, a plan to more than double its visitors' tax has worried h...
- Same-sex couple challenges Income Tax provision that exempts gifts only between spousesThe Karnataka High Court has requested a response from the Union government concerning a petition that challenges a tax exemption clause. T...
- Foreign tax data to be included in Form 26ASOverseas financial account information will now be included in taxpayers' Form 26AS. This move will allow taxpayers to view their foreign f...
- Demerger may not be tax-neutral if holding company issues shares: Mumbai ITATMumbai ITAT ruled demerger share issuance by holding company invalidates loss carry-forward. A subsidiary receiving business must issue sha...
- ITR filing 2026: Rs 15 lakh, Rs 20 lakh, and Rs 25 lakh salary; how much tax you could pay under new vs old tax regime?Salaried employees face a crucial tax decision between old and new regimes. The new tax regime offers lower tax liability across various in...
- Best tax saving mutual funds or ELSS to invest in July 2026Taxpayers often invest in ELSS funds for Section 80C deductions. These funds offer potential for higher returns over the long term. ELSS sc...
- Filing ITR for easy loans, visas, and scholarships - sounds strange? Know why filing ITR is more important than you thinkConsistently filing Income Tax Returns creates a verifiable financial document. Banks often request these returns to assess loan applicant ...
- Govt employee earning Rs 1,100 salary buys Rs 53 lakh worth assets mostly in wife's name: Madras HC sends wife to jail despite divorce claimA Tamil Nadu government school employee drawing a starting salary of Rs 1,100 per month quietly accumulated 21 properties, a marriage hall,...
- HNIs turn to hybrid debt funds, SIFs for higher post-tax returnsRich investors are exploring niche mutual funds and specialized investment funds. These products offer higher returns and better tax effici...
- Financial independence for children: How families in the US and India split the bills when adult children stay homeIn the United States, those graduating in the 21st century especially have been seeking to return to the homes of their boomer parents. In ...
- Too much riding on one AI stock? Why techies should diversify their RSUs before it's too lateWith tech employees holding up to 80% of their net worth in a single stock, advisers say not selling is a real danger.
- ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax noticesMiscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.
- FD rate up to 8.3% for senior citizens investing for three years; Know list of banksSenior citizens can now secure fixed deposit interest rates up to 8.3% for a three-year term with select small finance banks, offering a lu...
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