PERSONAL-FINANCE
I-T notice under Section 133(6): Here's what employers should do
If an employee anticipates that their claims cannot be substantiated, they should consider filing an Updated Return (ITR-U) under Section 139(8A)
PERSONAL-FINANCE
Higher interest shocks taxpayers as Income Tax system flags 234B, 234C charges
For income not subject to TDS such as capital gains from shares or mutual funds taxpayers are required pay advance tax in instalments during the year. Delays can attract interest under Sections 234B and 234C.
PERSONAL-FINANCE
Old vs new tax regime: Which option should salaried employees choose while submitting investment proof?
Taxpayers who claim substantial tax-saving deductions, often summing up to several lakh rupees, generally find the old tax regime more beneficial, experts say.
PERSONAL-FINANCE
Switched jobs this year? Here's how to deal with multiple Form 16 while filing ITR
Verify that salary income and TDS from all employers appear correctly in Form 26AS and AIS, as employers calculate tax independently
PERSONAL-FINANCE
Maintenance must reflect earning reality, not assumptions: Allahabad High Court
Allahabad High Court reduced monthly maintenance after noting absence of evidence of steady earnings and the financial realities of early legal practice.
PERSONAL-FINANCE
LIC rolls out Jeevan Utsav Single Premium plan with lifelong income cover: Check details
LIC has also announced a limited-period revival scheme with late-fee concessions for lapsed individual policies.
PERSONAL-FINANCE
Which transactions are tracked by Income Tax Department and which aren't?
The key is to ensure that income is correctly disclosed and that high-value transactions are explainable and consistent with reported income.
PERSONAL-FINANCE
Disputes over sale deeds between business partners can be settled through arbitration: Kerala HC
The more evidence you have of the deed’s true purpose (for example, stating that it’s a security arrangement or conditional transfer), the easier it will be to resolve any dispute, whether in arbitration or court.
PERSONAL-FINANCE
New I-T Act comes into effect from April 1. Here's what you need to know
The new Act reduces complexity by cutting sections from 819 to 536 and chapters from 47 to 23. It applies to income earned from FY26 on
PERSONAL-FINANCE
Punjab and Haryana High Court directs wife to use 10% of alimony for skill development to ensure self reliance
While dismissing the plea, the Court directed that a minimum of 10 per cent of the Rs 15,000 monthly maintenance granted to the petitioner must be used for her vocational skill development.
PERSONAL-FINANCE
Senior citizens can earn up to 8% in FD: Check best interest rates by banks
Senior citizens can earn up to 8% interest on fixed deposits with banks like ESAF Small Finance Bank, Jana Small Finance Bank, and others offering competitive rates for deposits up to Rs 3 crore.
PERSONAL-FINANCE
How NPS contributions cut your income tax under both old and new regimes
Section 80CCD allows taxpayers to claim deductions on amounts they contribute to government-backed pension schemes such as the NPS, UPS and the Atal Pension Scheme.
PERSONAL-FINANCE
ITR revised return window closed: How to get your Income Tax refund now
Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is generated.
PERSONAL-FINANCE
Why legacy planning in Indian businesses is moving beyond inheritance
Timing plays a critical role in legacy planning. Most restructuring exercises involve costs, whether income tax, stamp duty, or a combination of both, and delaying these decisions only increases the burden as asset values grow over time.
PERSONAL-FINANCE
Does appointment on compassionate grounds have a right to a higher post: Know what court ruling says
The Supreme Court made it clear that once right for consideration for appointment on compassionate post was consummated any further or second consideration for higher post on the ground of compassion would not arise.
PERSONAL-FINANCE
Planning to visit a bank on New Year 2026? Check the January bank holiday list before heading out
Customers should plan their banking transactions ahead of time to avoid any disruption during the festive days and rely on digital banking channels to ensure uninterrupted access to services.
PERSONAL-FINANCE
Small saving rates remain unchanged for March quarter: Check what you will earn
The Finance Ministry has announced to leave interest rates on all small savings schemes unchanged for the January to March quarter.
PERSONAL-FINANCE
Last date to file belated and revised income tax return is December 31: Act today or lose money
Today is the last date for taxpayers to submit belated or revised income tax returns for the assessment year 2025–26. From January 1 2026, you will be left with just updated return option with tax liability.
PERSONAL-FINANCE
ITR filing late or refund delayed? Here's interest you pay and what taxman owes you
If excess tax paid by a taxpayer is not refunded within the stipulated time, the income tax department must pay simple interest at 0.5 percent per month
PERSONAL-FINANCE
India’s insurance reset in 2025: Know how Indians insured, invested & paid for policy
Policyholders are choosing higher health cover, longer tenures, EV-focused motor plans, and early retirement products
PERSONAL-FINANCE
Will small savings schemes interest rates change in 2026? Check current rates
With bank FD yields softening after RBI’s rate cuts, investors are watching whether the Finance Ministry tweaks PPF, SCSS, NSC and other small savings rates for the January–March 2026 quarter
PERSONAL-FINANCE
Best loan options from banks to drive home a new car this New Year
Before locking in a car loan, compare the effective interest rate, processing fees, and ensure the EMI comfortably fits your monthly budget over the full tenure.
PERSONAL-FINANCE
Income tax refund delay: What happens if your ITR is not processed by December 31, 2025?
Once return is processed, refund is due to the taxpayer however there is no specific time limit for issue of refund
PERSONAL-FINANCE
Delhi High Court rules electricity cannot be denied to lawful tenants due to landlord disputes
The mere pendency of civil litigation, or a landlord’s refusal to cooperate, does not authorise a distribution company to deny an essential service once dues are cleared and possession remains lawful.
