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TEMPORARY JONES ACT EXEMPTION
ITR utility updated: New 'other income' column added under exempt income schedule; here's what it meansIncome Tax Return (ITR) filing for the assessment year 2026-2027 sees a significant update with a new 'Other Income' column under the Exemp...- French proverb of the day: ‘You can’t make an omelette without breaking eggs,’ a timeless lesson on sacrifice, difficult choices and achieving meaningful successFrench proverb of the day is about how achieving anything worthwhile, from careers to skills, demands sacrifice and difficult choices, a tr...
- A step-by-step guide to applying for Germany's permanent residence permitGermany offers permanent residence permits for eligible foreigners, allowing them to live and work indefinitely. Applying involves submitti...
- Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT ChennaiA Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home, initially den...
- Hitachi Energy, GE Vernova, Siemens rise up to 6% as Nomura calls recent correction an ‘overreaction’. 4 reasons whyIndian electrical equipment stocks rebounded, gaining up to 6% after global brokerage Nomura labelled the recent sell-off an "overreaction....
- 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.
- 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...
- Quote of the day by Tommy Lee Jones: 'Kindness and politeness are not overrated at all. They're underused' is life advice on emotional strength, self-control, and how to behave on social media in today's AI ageQuote of the Day by Tommy Lee Jones conveys an enduring truth about human relationships. Far from being outdated virtues, kindness and cour...
- Quote of the day by Gossip Girl star Blake Lively: 'If something is painful, it will pass...' ; life lessons on coping with pain from American actressLife inevitably brings pain, be it physical or emotional, but actress Blake Lively offers a comforting perspective: all experiences are tra...
- 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...
- The income your tax return doesn't need to include; 8+ types of tax-free income in India
- Quote of the Day by Selena Gomez: “If you have three people in your life that you can… — Inspiring lessons on trust, loyalty, meaningful connections and why a few trustworthy people are life's greatest blessing by the American actress and singer known for her advocacy for mental health and personal well-beingQuote of the Day by Selena Gomez: Selena Gomez’s quote, “If you have three people in your life that you can trust, you can consider yoursel...
- Stainless steel industry seeks end to QCO relief from July 1India's stainless steel makers are urging the government to reinstate strict quality control norms from July 1, warning that a temporary re...
- Govt extends customs duty waiver on import of key petrochemical products till July 15The government has extended the nil customs duty on approximately 40 critical petrochemical products by another 15 days, now until July 15....
- Centre extends duty relief on key petrochemical products till July 15The government has extended the import duty exemption on about 40 key petrochemical products by 15 days, now until July 15. This move aims ...
- 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...
- 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...
- Temporary employees can get pension even without formal regularisation if eligible, rules the Supreme CourtIn a significant ruling, the Supreme Court has declared that temporary-status employees, even without formal regularization, are entitled t...
- EU proposes extending Ukrainian protection to 2028, limit men of fighting ageThe EU proposes extending temporary protection for Ukrainian refugees until March 2028, but may restrict access for military-aged men witho...
- 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...
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