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'Redevelopment agreement not a property receipt, so not taxable': ITAT

Mumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse provisions. The tribunal allowed a taxpayer’s appeal against a ₹1.38 crore tax addition. Registration creates contractual rights, not actual property…

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PLI schemes attract Rs 2.4 lakh crore investment, create 14.15 lakh jobs: Govt

The government’s Production Linked Incentive (PLI) schemes have attracted actual investments of more than Rs 2.40 lakh crore, generated over 14.15 lakh direct and indirect jobs, and enabled exports worth Rs 15.2 lakh crore across 14 key sectors as of…

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France bans social media access for children under 15; becomes 1st European country to bar kids from apps such as TikTok

France has banned children under fifteen from using social media platforms. This new legislation also prohibits mobile phones within French high schools. The government aims to protect young minds from harmful digital content and its effects. Several families have pursued…

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FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow in

The optimism follows RBI’s disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that has already eased earlier concerns the scheme was struggling for traction. Of the total, FCNR(B) deposits accounted for the largest…

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Inside IndiGo's succession plan: Rahul Bhatia prepares son Madhav for future leadership

The move comes amid leadership changes and increased promoter oversight following last year’s operational disruptions, as India’s largest airline prepares for its next phase of global expansion.

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India's SBI Funds ends 6.2% higher on debut as investors bet on industry growth

SBI Funds Management debuted on the stock market, valuing the firm at nearly thirteen billion dollars. Investors are betting on growth within India’s substantial asset management industry. The company’s initial public offering attracted significant investor interest and substantial bids. This…

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  • EPFO: Want to claim provident fund after EPF member's death? Here's how — Stepwise guide for families

    Today, we take a look at how the family (nominees or legal heirs) of an EPF subscriber can claim the provident fund savings amount after the member's death. Here's a stepwise guide…

  • Can't access your EPF account because you forgot your UAN? Here's how to retrieve it online and offline

    EPF members can retrieve their forgotten UAN online via the EPFO portal or through SMS and missed call services.  Details here.

  • ₹9,330 crore lies unclaimed in inoperative EPF accounts: Here's how to check and claim your money

    The sizeable amount locked in such accounts indicates that many workers have either not withdrawn or transferred their EPF balances.

  • ITR portal: Govt says managed service provider was penalised in FY26 for outages and due date extension

    The government penalised the MSP of the income tax e-filing portal for an extension of the ITR filing deadline caused by technical issues in FY 2025-26. Here's why an extension this year is unlikely.

  • Fixed Deposits: Should you park ₹10 lakh in one FD or split it? Pros and cons explained

    The better option depends on your financial objectives, liquidity needs, investment horizon and comfort with risk.

  • Pay commission: Salary, allowances, benefits — Check West Bengal 7th pay commission's full list of terms of reference

    The West Bengal government has officially constituted its 7th central pay commission. The finance department's resolution states that the panel will review allowances, salaries and service conditions for state government employees and pensioners.

  • ITR filing 2026: Do you need to disclose both taxable and exempt gifts received from friends and family?

    Gifts received during the financial year may be taxable and need to be reported in the income tax return. Taxpayers should be aware of exemptions and the new reporting field for non-taxable gifts to maintain compliance. 

  • DA hike: Odisha announces 5% Dearness Allowance increase for employees, pensioners under pre-revised pay scales

    The Odisha government has approved a 5% increase in dearness allowance for state employees and pensioners, effective January 2026. Here's a look at who's eligible and how it works…

  • Monsoon respiratory infections: What your health insurance covers and when claims may be denied

    Seasonal respiratory infections can lead to expenses beyond a doctor's visit. Here's what your health insurance is likely to cover, where claims may be denied, and the policy features to check before the monsoon season.

  • Mid-cap funds beat all equity categories over 1, 3 and 5 years, here are the top-performing schemes

    Mid-cap funds have outperformed every equity mutual fund category over the last one, three and five years. Here's how the category fared and the schemes that delivered the highest returns.

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