Clipped from: https://www.financialexpress.com/money/oracle-layoffs-how-severance-pay-of-employees-will-be-taxed-key-rules-exemptions-4194297/ Oracle layoffs have brought severance pay and its tax treatment into focus. From salary components to exemptions and relief under Section 89(1), here’s
Month: April 2026
*Disclose relationship with landlord to claim HRA – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-disclose-relationship-with-landlord-to-claim-hra-4194614/ The Income Tax Rules 2026 expand the 50% HRA exemption to four new cities—Bengaluru, Hyderabad, Pune, and Ahmedabad—aligning them with traditional metros. The
Worked 6 months? You’re eligible for earned leave now – plus annual encashment under new Labour Code 2025 – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/legal/will/worked-6-months-youre-eligible-for-earned-leave-now-plus-annual-encashment-under-new-labour-code-2025/articleshow/130033054.cms Now employees can get earned leaves after 180 days work, annual encashment of earned leaves and more benefits under new labour code 2025
Carrying gold or extra gadgets into India? What new baggage rules allow | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/carrying-gold-or-extra-gadgets-into-india-what-new-baggage-rules-allow-126040300382_1.html The Baggage Rules 2026 introduce weight-based gold allowances and clearer electronics limits while mandating stricter declarations via digital platforms like the Atithi app
*Form 121 replaces Form 15G, 15H for TDS filing: Check who should file, purpose and key details explained – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/form-121-replaces-form-15g-15h-for-tds-filing-check-who-should-file-purpose-and-key-details-explained/articleshow/130016169.cms Form 121 for TDS: What it means for taxpayers To make the process simpler and more streamlined for individuals and senior citizens, the government
Section 54F relief: ITAT Hyderabad grants ₹2.80 cr tax break to NRI in rare case – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/section-54f-relief-itat-hyderabad-grants-rs280-cr-tax-break-to-nri-in-rare-case-524032-2026-04-04 In a notable ruling, ITAT Hyderabad allowed an NRI to claim ₹2.80 crore exemption under Section 54F despite the property being registered in
Got an income tax notice? What you must check before trusting any tax notice – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/got-an-income-tax-notice-what-you-must-check-before-trusting-any-tax-notice-524002-2026-04-04 The 2026 circular retains DIN as mandatory for most tax communications but allows greater flexibility in how it is referenced, including via email
*ITR changes from April 2026: 5 key updates for Tax Year 2026–27 explained – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/itr-changes-from-april-2026-5-key-updates-for-tax-year-202627-explained/articleshow/130014656.cms Starting April 1, 2026, the Income Tax Act, 2025 and Income Tax Rules, 2026 apply to all taxpayers. But, with these new regulations, there are
ITAT Invalidates Reopening Based on Audit Objection as Change of Opinion, Upholds Deletion of ₹6.60 Cr Interest Disallowance u/s 36 [Read Order]
lipped from: https://www.taxscan.in/top-stories/itat-invalidates-reopening-based-on-audit-objection-as-change-of-opinion-upholds-deletion-of-660-cr-interest-disallowance-us-36-1444514 ITAT quashed audit-based reassessment and deleted₹6.60 crore interest disallowance The Income Tax AppellateTribunal (ITAT) Pune Bench has held that reassessment proceedings initiated on the sole
The Claims Ratio Truth: How to Identify the Best Health Insurance in India Based on Settlement Data
Clipped from: https://www.taxscan.in/news-updates/the-claims-ratio-truth-how-to-identify-the-best-health-insurance-in-india-based-on-settlement-data-1444116 X If you want the health insurance in india, look beyond premiums and promises. Settlement data helps you judge how an insurer performs when
Time to push for rupee internationalisation – The HinduBusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/time-to-push-for-rupee-internationalisation/article70820591.ece Higher use of rupee in cross-border payments will create demand and prevent a one-way downward spiral Rupee internationalisation is slowly gaining traction |
RBI’s rupee challenge: Policymakers should not be swayed by absolute levels
Clipped from: https://www.business-standard.com/opinion/editorial/rbi-s-rupee-challenge-policymakers-should-not-be-swayed-by-absolute-levels-126040201497_1.html While the war is affecting macroeconomic dynamics in various ways, requiring intervention, economic management has become significantly complex for the Reserve Bank of
Linking IBC application withdrawal to CoC formation will ensure discipline
Clipped from: https://www.business-standard.com/companies/news/withdrawing-ibc-application-only-after-coc-formed-to-bring-discipline-126040300784_1.html Experts say new IBC amendment restricting withdrawal of cases after CoC formation may increase costs but enhance discipline, predictability and safeguard creditor interests
Borrowers may soon tap formal credit via ULI app across lending segments
lipped from: https://www.business-standard.com/finance/news/borrowers-may-soon-tap-formal-credit-via-uli-app-across-lending-segments-126040201134_1.html RBI Innovation Hub is building a ULI app to bring digital lending to smartphones, offering borrowers multiple loan options on a single platform
*Form 130 replaces Form 16: Experts explain what’s changing in ‘tax year’ | Personal Finance – Business Standard
Clipped from: https://www.business-standard.com/finance/personal-finance/form-130-replaces-form-16-experts-explain-what-s-changing-in-tax-year-126040301114_1.html New document become the statutory tax deduction certificate, introducing a three-part structure and shifting reporting from the ‘assessment year’ to a ‘tax year’
*Disclose relationship with landlord to claim HRA – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-money-disclose-relationship-with-landlord-to-claim-hra-4194614/ The Income Tax Rules 2026 expand the 50% HRA exemption to four new cities—Bengaluru, Hyderabad, Pune, and Ahmedabad—aligning them with traditional metros. HRA
Don’t let property turn into a legal battle: Essential steps heirs should take after owner’s death – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/legal/will/dont-let-property-turn-into-a-legal-battle-essential-steps-heirs-should-take-after-owners-death/articleshow/129992736.cms After death of original property owner family members should take these steps to prevent property title and possession disputes within them (AI generated
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