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EXPLAINED: Et wealth online | Vintage Vibes

Uncle opposed claim to grandfather’s 12-acre land after father’s name was removed; Supreme Court gives relief to children

Removing name from mutation records can’t take away ownership rights to land, rules Supreme Court; Here’s what landowners should know. Read the article to know.

The Economic Times

Rs 1.09 crore remittance sent home by an Indian working in Kuwait, but he didn't file ITR, received income tax notice; gets relief in ITAT Ahmedabad

Indian man working in Kuwait oilfields, got his salary in National Bank of Kuwait, remitted Rs 1.09 crore back to family in India, files no ITR, got an unexplained money tax notice u/s 69; he partially wins case in ITAT Ahmedabad

The Economic Times

Can your employer stop you from joining a rival firm? Know the law on non-compete clauses

Ifyour employment contract has a non-compete clause, it means that once youresign, you cannot work for a competitor company for a defined period oftime. Read this article to know what the law says

The Economic Times

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New labour code impact: Rs 8k less take home pay likely for employee with Rs 15 lakh CTC; check the impact on CTCs of Rs 10 lakh, Rs 25 lakh and Rs 50 lakh

New labour codes mandate higher provident fund contributions for employees. This change reduces monthly take-home pay for many salaried individuals. Salaried employees having Rs 15 lakh CTC may get up to Rs 7,928 less net take home pay after new labour code is applied; Know what happens for Rs 10…

The Economic Times

Who needs to file ITR by August 31, 2026 for AY 2026-2027? Check what happens if ITR filing deadline is missed

ITR Deadline: The deadline for filing Income Tax Returns (ITR) for taxpayers with non-audit business or professional income is August 31, 2026. This due date was extended from July 31st to August 31st pursuant to an amendment in the Finance Act, 2026 in Budget 2026.

The Economic Times

Hidden risks of FCNR (B) deposit investment and leverage: Why high interest rates may not tell the full story

FCNR(B) deposits have become attractive to investors looking for significant returns in US dollars, largely thanks to government hedging strategies. However, experts warn that investors must be aware of currency and liquidity risks. While leverage can enhance profits, it can also lead to considerable financial losses. Additionally, taxation can bite…

The Economic Times

Man was denied Section 54F income tax exemption as builder delayed villa construction by 4 years; Telangana HC grants relief, says taxpayer can't suffer for builder's fault

Builder delayed villa's construction by 4 years, thus tax dept denied Section 54F tax exemption to homebuyer; Telangana HC says homebuyer can't be penalised for builder's fault and gives him 54F tax exemption. Know how homebuyer won Section 54F tax exemption case in Telangana High Court.

The Economic Times

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July 31 isn't the ITR deadline for everyone: Who can file income tax returns by August 31, 2026?

The income tax return filing deadline for salaried individuals remains July 31, 2026. However, certain taxpayers with business income can file by August 31, 2026. This extension provides additional time for finalizing accounts and completing the filing process. Companies and those subject to tax audits must file by October 31,…

The Economic Times

ITR filing last date: Will Income Tax Department extend July 31 deadline for FY 25-26? Here's what experts say

ITR filing deadline: The July 31 income tax return deadline approaches with many taxpayers yet to file. Experts are divided on whether the government will extend the filing deadline. Some believe the portal is functioning smoothly and an extension is unlikely. Others suggest a short extension might be granted if…

The Economic Times

Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reason

To purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange bureau; she got tax notice for unexplained property investment; she fights and wins case in ITAT Mumbai for this reason. Know how…

The Economic Times

Is your CV costing you interviews? Fix these common resume mistakes before applying for next job

Crafting a foolproof CV requires highlighting achievements, not just duties. Tailoring resumes for each role and avoiding generic content is essential. Experienced professionals should prioritize recent work experience over academic history. Referrals improve visibility but do not guarantee job selection. Zero spelling and grammar errors create the strongest positive first…

The Economic Times

Does your CV design affect hiring? Here's what HR professionals really look for

A clear CV format and error-free content create a strong first impression for recruiters. While content is vital, presentation matters for quick initial scans by hiring managers. Applicant Tracking Systems filter applications, but human judgment assesses fit and soft skills. Top college and company brands offer an advantage, but actual…

The Economic Times

Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him relief

Employee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and gives him relief from tax. Know how this empoyee won the case in ITAT Pune.

The Economic Times

Did you claim a minimum Rs 10,000 income tax refund for your car bought in FY26? Here's how to claim your 1% TCS now

According to the income tax rules, car dealers are required to deduct 1% TCS if the ex-showroom value of the car exceeds Rs 10 lakh. However, do not confuse your total car cost with the ex-showroom price, which is the base retail cost excluding any kind of taxes, accessory charges…

The Economic Times

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The Economic Times

Bengaluru landowner sells 17 apartments, earns Rs 11.8 crore LTCG, pays no tax; I-T dept sends notices; he contests and wins in ITAT Bangalore

Landowner sells 17 apartments, earns Rs 11.8 crore gains, paid no tax, reinvests gains into 5 properties; tax dept sent notice; he wins case in ITAT Bangalore. Read the article to know the landowner won the tax case in ITAT Bangalore.

The Economic Times

Child education allowance tax benefit in ITR filing for FY 25-26: Know when you can claim it

Salaried employees can claim child education allowance tax exemption under the old tax regime. This exemption is available for up to two children per taxpayer. For FY 2026-27, the monthly limit increases significantly to Rs 3,000 per child. Self-employed individuals and those opting for the new tax regime cannot claim…

The Economic Times

CBDT clarification: All approvals like Nil or lower TDS certificate and existing tax benefits will continue under Income Tax Act, 2025; Here’s what it means for you

Existing tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be processed under the new law. Lower or nil TDS certificates issued previously remain protected and valid. New applications filed after April 1, 2026, will follow the 2025 Act.…

The Economic Times

Is Rs 2 crore enough for retirement? See the monthly income you can generate and how long your corpus may last

Retirement planning India: Retiring with Rs 2 crore? Experts advise a prudent 3.5-4% withdrawal rate, yielding around Rs 60,000-Rs 70,000 monthly. This sustainable income hinges on lifestyle, inflation, and investment strategy, with a balanced portfolio of equities and bonds crucial. Avoiding common pitfalls like excessive early withdrawals and neglecting healthcare…

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The Economic Times

Need Rs 1 lakh urgently? Think again before withdrawing it from your retirement fund as it could cost you Rs 30 lakh later

Retirement planning: Dipping into your retirement corpus for urgent needs can be a costly mistake, potentially costing you lakhs by retirement. Experts emphasize building a robust emergency fund, ideally covering six months to two years of expenses. This fund, held in low-risk, easily accessible instruments like savings accounts or liquid…

The Economic Times

Forged Will row: Buyer should not face criminal case for purchasing land on the basis of Will which police found to be forged; rules SC

The Supreme Court has shielded an innocent land buyer from criminal charges in a forged Will case. The buyer, unaware of the forgery, purchased 1.31 acres based on a fake Will. The court ruled that a bona fide purchaser, lacking knowledge of the fraud and not linked to the conspiracy,…

The Economic Times

On ESOP value over US$ 60,000 US estate tax up to 40% can be levied after death of even a non-US resident; Here’s how to manage its impact on legal heirs

Indian professionals holding US ESOPs and RSUs face a significant risk of up to 40% US estate tax on assets exceeding $60,000 after their death. This applies even if they are non-residents. Experts suggest strategies like routing shares through GIFT City, investing in UCITS ETFs, or lifetime gifting to mitigate…

The Economic Times

New labour code: Appointment letters must mention job role, workplace, and other key conditions; here's how employees benefit

New labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security benefits. This standardized format, previously limited to certain sectors, now extends to all, reducing ambiguity and disputes. Employees in informal sectors stand to gain significantly from this move towards greater…

The Economic Times

New labour code: 3 employee-friendly changes that could make working life easier

New labour codes and central government rules simplify employee compliance by consolidating 29 fragmented laws into a unified framework. This brings procedural clarity, electronic filings, and a single registration system, enhancing transparency and formalizing employment. Employees benefit from expanded protections, including gratuity for fixed-term workers and dedicated schemes for gig…

The Economic Times

Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)

The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadline of June 15, 2026, requires tax officers to forward selected cases for scrutiny. Taxpayers with errors can file updated returns or provide explanations during scrutiny.

The Economic Times

Celebrities are buying land in temple cities; but should you follow suit and buy property?

Celebrities are investing in temple cities like Ayodhya, drawn by cultural significance and potential for long-term asset growth. These spiritual hubs are experiencing rapid infrastructure development and rising tourism, driving property appreciation. Individual buyers should research economic fundamentals and infrastructure pipelines rather than solely following celebrity trends.

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