https://www.financialexpress.com/money/health-insurance-rules-may-change-from-2027-policyholders-may-have-to-pay-10-of-claim-4354803 Starting on January 1, 2027, non-life insurers are looking into a 10% co-payment on retail health insurance claims, with the policyholder’s contribution limited to
Month: October 2026
Son fights for full share in father’s property after stepmother transfers it to daughter, who sells it; SC rejects his claim
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/son-fights-for-full-share-in-fathers-property-after-stepmother-transfers-it-to-daughter-who-sells-it-sc-rejects-his-claim/articleshow/134730927.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Supreme Court recently dismissed a son’s claim to fully inherit his late father’s property in this specific property dispute case, upholding
*******Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT Chennai
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-85-3-lakh-cash-gifts-from-relatives-deposited-in-bank-trigger-unexplained-deposit-income-tax-notice-taxpayer-contests-and-wins-case-in-itat-chennai/articleshow/134685488.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mr Amirtharaj from Mylai Ranganathan Street, Thygarayanagar (Chennai), got cash gifts totalling Rs 85.03 lakh from his relatives, he executed gift
*******Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here’s why lady won at ITAT Mumbai
Read more at:https://economictimes.indiatimes.com/wealth/tax/rs-67-lakh-ancestral-jewellery-declaration-in-itr-triggers-income-tax-notice-of-unexplained-credit-heres-why-lady-won-at-itat-mumbai/articleshow/134694269.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst When Mrs Parikh from Vile Parle West, Mumbai, submitted Schedule AL in her income tax return (ITR) for the first time after
Insurance brokers oppose IRDAI commission caps, warn of 60-70% revenue hit
Read more at:https://economictimes.indiatimes.com/industry/banking/finance/insure/insurance-brokers-oppose-irdai-commission-caps-warn-of-60-70-revenue-hit/articleshow/134737989.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Insurance brokers are opposing the Insurance Regulatory and Development Authority of India’s (IRDAI) proposed changes to distribution norms, warning that caps on
TaxGuru Case–Rent Received vis a vis taxability–
Redevelopment Issue vis a vis income tax on Rent Received from builder but spent elsewhere –[1] Case courtsey TaxGuru– [2] Please read marked portion in
*******Redevelopment Transit Rent Is Capital Receipt Regardless of Actual Spending: ITAT Mumbai
Read more at: https://taxguru.in/income-tax/redevelopment-transit-rent-capital-receipt-actual-spending-itat-mumbai.html Copyright © Taxguru.in Summary: For assessment year 2017-18, the ITAT Mumbai considered an appeal against reassessment proceedings in which three additions
*******No tax-free threshold for senior citizens on dividend income
l Is there any tax-free threshold for dividends received by senior citizens? —Rohan Chaudhary Dividend income is taxable in the hands of investors at their
