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ITAT deletes ₹25 lakh tax addition over alleged flat cash payment; says taxpayer must get a chance to challenge evidence
The Mumbai ITAT deleted a ₹25 lakh tax addition imposed on a flat buyer over an alleged cash payment, saying the taxpayer was not given the statements relied upon by the tax department or an opportunity to cross-examine the builder’s partners.
Delhi Lakshmi Yojana: Eligible women to receive pension letters from 26 August — here’s when ₹2,500 aid will be credited
Starting from 26 August, eligible women in Delhi will receive pension letters under the Delhi Lakshmi Yojana, which provides ₹2,500 per month. Here's when the aid will be credited.
Taxpayer builds new house before selling old property, faces Section 54 dispute; ITAT Delhi quashes tax notice
A Delhi taxpayer faced denial of Section 54 exemption after constructing a new house before selling his old property for ₹53 lakh. ITAT Delhi quashed the reassessment after ruling that the Income Tax Department’s Section 148 notice was issued after the permissible limitation period.
ITR filing 2026: What happens if you miss the August 31 deadline and who gets more time?
The income tax return filing deadline for ITR-3, ITR-4, ITR-5 and ITR-7 is 31 August. Missing this deadline incurs penalties, but options such as belated returns are available until 31 December 2026. Here's who gets more time to file.
Flexi-cap funds with highest and lowest large-cap stock allocation: What the data shows
Flexi-cap funds can vary sharply in their large-cap exposure despite having the flexibility to invest across market segments. Some of the biggest funds have a strong large-cap tilt, while others take a more diversified approach—creating an important distinction for investors to examine.
Building a new house before selling the old one: Does Section 54 tax exemption apply? Rules explained
Starting construction before selling your old house does not automatically rule out the Section 54 exemption. Find out when the exemption can apply, the three-year completion rule, CGAS requirements, key risks and documents taxpayers should maintain.
SBI slashes bulk fixed deposit rates: Will the latest changes affect your personal savings? Check here
SBI has reduced rates on domestic bulk term deposits by up to 25 basis points for select maturities.
Switching from regular to direct mutual funds: Know the hidden tax cost — and when the move actually pays off
Regular and direct mutual fund plans can deliver different outcomes due to expense ratios, taxes and distributor costs. The decision to switch depends on factors such as the breakeven period and capital gains tax.
Madhya Pradesh Ladli Behna Scheme: CM Mohan Yadav disbursed ₹1500 monthly installment; did you receive?—how to check
Madhya Pradesh CM Mohan Yadav transferred ₹1,750 to over 1.25 crore beneficiaries under the Ladli Behna scheme, including a ₹250 Raksha Bandhan gift, to promote women's financial independence. He emphasised the importance of women’s roles in family and society at a state-level event in Maihar.
SBI cash withdrawal charges: Bank changes BSBD free transaction rule; check what changed, ₹15 fee and when it kicks in
State Bank of India has updated service charges for Basic Savings Bank Deposit accounts, effective October 1, 2026.