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Bought a ₹50 lakh LIC policy on ₹4.81 lakh income? Why ITAT rejected the woman’s claim and upheld the tax addition
A woman who declared ₹4.81 lakh income invested ₹50 lakh in an LIC policy, claiming the money came from her late husband’s HUF. ITAT rejected her explanation for lack of evidence and upheld the ₹50 lakh addition as unexplained investment.
CBDT notifies Form 173A for government securities: New tax exemption rules for eligible foreign investors
CBDT has notified Form 173A for eligible foreign institutional investors and the Bank for International Settlements claiming tax exemption on government securities. The form requires disclosures on holdings, interest income and capital gains.
Indian equities vs gold vs US stocks: Which asset class delivered the highest returns in 2026 so far?
Indian equities fell 6.81% in 2026 so far through September, while US stocks gained 12.75% and gold rose 11.56%, according to Edelweiss Mutual Fund research. Short-term bonds returned 3.57%, while silver and Chinese equities posted losses.
One family brand, two heirs: how can you avoid trademark disputes?
A family trademark is not a separate legal category under India’s trade mark law. For business owners planning succession, the key is to clarify ownership and usage rights before disputes arise.
Emergency fund: Earn ₹1 lakh a month? Here’s how much you should save for 6, 9 or 12 months, experts explain
An emergency fund should cover six, nine or 12 months of essential expenses, depending on job security, family responsibilities and income stability. Home loan EMIs, insurance premiums and school fees should be factored into the savings target.
Land dispute lasted 23 years and ended in a ₹1.5 crore payout. Why did ITAT classify it as capital gains?
A ₹1.5 crore payout after a decades-long land dispute was held taxable as capital gains, not income from other sources, by Ahmedabad ITAT. The ruling clarifies the tax treatment of assigned property rights, but does not make the receipt tax-free.
Form 141 TDS filing: What changes for property buyers, tenants and taxpayers under the new Income Tax Act
Form 141 replaces four TDS forms for property purchases, rent, contractor payments and crypto transfers from 1 April 2026. Here’s what property buyers, tenants and other taxpayers need to know about the new filing process and key compliance changes.
DA hike 2026: Will government employees get a festive salary boost after Dussehra? October 21 holds the key
Will central government employees get a DA hike after Dussehra? The Centre's 21 October Cabinet meeting has raised hopes of a 3% increase, taking dearness allowance from 60% to 63%. Here is what employees and pensioners need to know.
LIC Insurance Certificate of Existence: What is it, why is it needed and how can pensioners submit it in 5 simple steps?
LIC Certificate of Existence: Find out what this life certificate is, why it matters for annuity payments, how eligible LIC annuitants can submit it in five steps, what details it contains and how to check the next due date.
Financial assistance: Maharashtra farmers to receive ₹5,000 ‘Diwali bonus’ as relief measure amid drought—All we know
Amid drought situation in Maharashtra, Chief Minister Devendra Fadnavis announced that the state government will provide advance financial assistance of ₹5,000 directly to affected farmers by Diwali.