SHOCKING: Et wealth online - You Need To See This

Man left BMW on highway after puncture, found it burnt next morning; insurer denied Rs 70 lakh claim; he fights back and wins claim money with 7% interest

According to the insurer, the BMW owner made multiple policy violations. Specifically, he failed to immediately notify the police and the insurer in writing, and “breached Condition No. 4 by leaving the vehicle unattended on the road without taking proper precautions to prevent further loss.” Despite this, how did the…

The Economic Times · Sep 29

Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reason

When Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs 7.65 lakh income, this raised many red flags within the income tax systems. He wins case in ITAT Delhi.

The Economic Times · Sep 28

8th Pay Commission pension: Why is one rank, one pension a prominent demand for Level 1-18 employees?

The one rank, one pension scheme currently supports Armed Forces personnel and select officials. Employee unions are pushing for it to cover all central government civilian employees from Level 1 to Level 18. They argue that pension inequities stem from varying retirement dates across different Pay Commissions. To address this,…

The Economic Times · Sep 26

Can you earn rental income by letting out your flat on Airbnb for homestay? What homeowners need to know as similar case sparks protests in a Ghaziabad housing society

If someone is found running a homestay or Airbnb-like service in your society, what can you do? Legally, the society’s first step should be a written notice to the owner, pointing to the specific byelaw being broken and backed by evidence. If the owner still doesn't stop, the RWA's real…

The Economic Times · Sep 23

Rs 14.42 lakh Belgium salary of IT pro triggered tax demand in India after Form 67 was missed; ITAT Bangalore gives relief

Employee with Rs 14.42 lakh salary pays Rs 4.53 lakh income tax in Belgium and asks for credit under the India-Belgium DTAA; Income Tax Dept denied it as no Form 67 was filed; ITAT Bangalore orders relief for him.

The Economic Times · Sep 22

Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT Mumbai

Tenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This judgement was given by Vikram Singh Yadav, the Accountant Member along with Siddhartha Nautiyal, the Judicial Member of ITAT Mumbai.

The Economic Times · Sep 22

5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reason

Bangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the rent. What happened was, five Bangalore landowners signed JDA with builder, later formed partnership firm to develop property; but then the landowners got undisclosed rental income tax notice.

The Economic Times · Sep 19

Will your in-hand salary decrease after wage ceiling hike? Know why employers can't recover higher EPF contribution from these employees

The EPF wage ceiling limit has been increased to Rs 25,000 with effect from September 17, 2026. However, this does not mean that every employee will experience a lower take home pay. This is dependent on many factors like how much EPF contribution has been now, and others. Read the…

The Economic Times · Sep 17

EPF wage ceiling hike: Lesser take home salary for these employees; know how you will be impacted

In a significant update, the EPFO wage ceiling limit has been modified to Rs 25,000 monthly. This modification will add fifty-one lakh workers to the social security umbrella. With this change, both employee and employer contributions will go up from Rs 1800 to Rs 3000, potentially cutting monthly take-home pay…

The Economic Times · Sep 16

Will fixed deposit interest rates go up in October as inflation rises?

Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by the Reserve Bank of India. This inflation surge is pressuring banks to elevate fixed deposit interest rates amidst fierce competition from government securities and appealing returns from small…

The Economic Times · Sep 15