income

Senior citizen invested Rs 3 crore in tax-free bonds, but mistakenly paid tax on Rs 25.42 lakh interest earnings; why ITAT Delhi ordered Rs 9.91 lakh refund

While filing his return for AY 2022-23, he mistakenly treated Rs 25.42 lakh in interest from the bonds as taxable income. (Image for representative purpose only) What if you end up paying taxes on a tax-free income? Will you be refunded? In one such case a senior citizen man erroneously ended up paying tax on…

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money rules change from october 1

5 money rule changes from October 2026: Bulk FD rates, UPI MDR starts above Rs 2,000, SBI ATM free limit falls to 5, LPG Aadhaar-KYC & new NPS charges

Several rules covering banking, payments and personal finance are scheduled to change from October 2026.  October brings several changes to your financial life, with some transactions set to get costlier. Several rules covering banking, payments and personal finance are scheduled to change from October 2026.The changes include a reduction in the number of free ATM…

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Stock Market Today Highlights: BSE Sensex closes almost 50 points down, NSE Nifty50 ends above 22,700 mark

Dalal Street is set for a crucial session after the benchmark indices extended their losses in the previous sessions. The market outlook remains shaped by elevated crude oil prices, persistent foreign fund selling, currency movements and global rate expectations. Domestic equities have faced correction-led headwinds, with continued FII outflows and elevated US Treasury yields adding…

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1790782841 property dispute

Son claimed share in mother’s Delhi house, saying he paid Rs 1.5 lakh for land and Rs 60,000 for construction; Delhi High Court rejects claim, orders him and wife to vacate

The Delhi High Court recently directed a son and his wife to vacate his parents’ house. (Image for representative purpose only) Your husband buys a property in your name. Does that give your son an automatic right to co-ownership by staying there? What if the son claims to have spent money on construction?In one such…

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beyond tax saving investments

Switched to the new income tax regime? Why these older tax-saving instruments still make sense

Here are some of the tax-saving instruments that still deserve a place in your long-term wealth strategy, even without the tax break. The author is CEO of PaisabazaarFor many, saving tax has long been one of the key reasons for investing in tax-saving instruments. These instruments have helped Indians not only reduce their tax liability…

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bank holidays in october

Bank holidays in October: When and where will banks remain closed? Check state-wise list

Bank customers planning branch visits in October will need to keep the month’s regional and festival holidays in mind, as branches will remain closed on different dates depending on the city. Since bank holidays can vary across regions, customers should check the schedule applicable to their particular branch before visiting.Banks observe both national and state-specific…

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