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News

  • ₹66 lakh tax penalty over son’s ₹1.1 crore flat: How senior citizen won ITAT relief

    A senior citizen in Navi Mumbai faced a ₹2.20 crore tax addition after the Income Tax Department treated two documents for the same flat as separate purchases. The ITAT granted relief, highlighting why joint ownership alone does not establish who funded a property and why payment records matter.

  • Missed a life insurance premium payment? Here's when your policy can lapse and how to revive it

    Missing a life insurance premium usually does not end cover immediately. A grace period is provided, post which the policy may lapse. Check revival process and other details.

  • Gold, silver prices today, 9 October: Check retail rates of 24K, 22K gold, 999 silver in Delhi, Mumbai and Kolkata

    Gold and silver prices today, 9 October: Check the latest 24K, 22K gold and 999 silver retail rates across Delhi, Mumbai, Kolkata and other major Indian cities, along with MCX market updates.

  • PFRDA chief on the next phase of NPS: more competition, assured income and wider access

    PFRDA chief S. Ramann discusses the future of NPS, a proposed retirement income scheme, greater competition in annuities, NPS Swasthya, gig workers and grievance redressal.

  • 8th Pay Commission salary: How 3.833x vs 4x fitment factors could mean ₹3,006 monthly basic-pay gap

    8th Pay Commission has yet to finalize fitment factor. Unions have sought 3.833x and 4x. For Level 1 employees with ₹18,000 basic pay, these imply revised basic salaries of ₹68,994 and ₹72,000, increases of ₹50,994 and ₹54,000, respectively, with a difference of ₹3,006 between the two estimates. 

  • Paying rent for yourself and parents? Know if you can claim HRA for more than one property

    HRA tax exemption is available only under the old tax regime and applies to rent paid for the residential home an employee actually occupies. Here's whether you can claim HRA for two properties.

  • Investing in corporate bonds through OBPPs: How to read SEBI's new mutual fund-like credit risk-o-meter—experts explain

    SEBI has introduced a new mutual fund-like Credit Risk-o-Meter to help investors understand the credit risk of corporate bonds and other debt instruments. The meter classifies them into six credit-risk levels, ranging from the lowest to very high risk of default. Here’s what investors should know.

  • Diversified equity mutual funds in the red October 2026: Which schemes have negative YTD, 3- and 5-year CAGR returns?

    Several diversified equity funds have delivered negative returns so far in 2026, but the picture changes sharply over longer periods. Here’s a look at funds in the red on a YTD, three-year and five-year basis, and what investors should consider.

  • Bank delays your credit card closure, credit report correction or property documents? You are eligible for compensation

    RBI rules may entitle customers to compensation when banks miss deadlines for services such as resolving failed digital transactions, closing credit cards, returning property documents or correcting credit reports. Compensation varies by case, from ₹100 per day to ₹5,000 per day.

  • Kia Sonet owner wins consumer case over recurring DPF warnings, gets ₹10.99 lakh refund, ₹1 lakh compensation

    The complainant bought a Kia Sonet HTX Diesel in March 2022 for around ₹13.69 lakh, including on-road costs. He later purchased an extended warranty that remained valid until March 2027.

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