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STATES EXEMPTING MILITARY RETIREMENT TAX
Govt scraps TDS on GIFT City aircraft lease rentalsAirlines are now exempt from deducting tax at source on lease rentals paid to eligible aircraft leasing companies in GIFT City. This move a...- 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...
- India waives customs duty, IGST on imported animals under UK trade pact from July 15India's latest policy change allows for customs duty and IGST exemptions on animals brought into the country for shows and public events st...
- Charitable trusts get relief on 80G registrationCharitable trusts and institutions that missed the 80G registration renewal deadline have received a one-time reprieve from the CBDT. The t...
- Tax department steps up scrutiny of charitable trusts over disclosure mismatchesThe Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governan...
- Made less than Rs 1.25 lakh LTCG from equities this year, do you need to file ITR?Even if your long-term capital gains from stocks are under Rs 1.25 lakh, you must still file your Income Tax Return for AY 2026-27. While t...
- Delhi EV Policy aims to cut ownership costs, boost adoption: CM Rekha GuptaDelhi's new EV Policy 2026 aims to make electric vehicles economically attractive for citizens. Chief Minister Rekha Gupta highlighted that...
- Rs 15,000 monthly investment for 20 years: NPS or mutual funds? Know which may leave you with a bigger retirement corpusRetirement planning often pits National Pension System (NPS) against equity mutual funds. While mutual funds offer flexibility and potentia...
- India does not take cognizance of such events: Foreign Secretary on reports of India-Pak Track 2 dialogueIndia's Foreign Secretary Vikram Misri clarified that the government has no involvement in retired diplomats and military officials attendi...
- The income your tax return doesn't need to include; 8+ types of tax-free income in India
- USS Juneau's final mission: After serving in Vietnam, the Gulf War and disaster relief, a Japanese torpedo sends this piece of history to the Pacific seabedThe USS Juneau, a veteran amphibious transport dock with a distinguished 40-year career, has been deliberately sunk in the Pacific Ocean du...
- Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...
- Defence Minister misled Parliament on Op Sindoor martyrs, should resign: CongressCongress is demanding Defence Minister Rajnath Singh's resignation, alleging he misled Parliament about casualties during Operation Sindoor...
- ITR filing guide: Know when tax return filing is mandatory, who needs to file and who is exemptIndividuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...
- ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...
- No income tax on these 8 earnings: Check if you qualify for exemption
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
- Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However,...
- Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
- 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...
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