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

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 … Read more

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

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 … Read more

CJ Desai to lead Meta’s enterprise AI business

CJ Desai to lead Meta’s enterprise AI business

Meta Platforms has recruited MongoDB CEO Chirantan Desai to head its new enterprise initiative focused on AI tools. BENGALURU: Indian-origin technology executive Chirantan “CJ” Desai has been named head of Meta’s new enterprise platform, less than a year after taking over as CEO of database company MongoDB. As chief enterprise platform officer, he will report … Read more

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

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 … Read more

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

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 … Read more

Anthropic targets $2 trillion valuation despite huge spending and billions in losses

Anthropic targets  trillion valuation despite huge spending and billions in losses

Anthropic targets $2 trillion valuation despite huge spending and billions in losses Anthropic has put a massive price tag on the AI boom, backing it with an equally heavy spending plan.The AI giant is heading towards a potential valuation of more than $2 trillion even as it plans $518 billion in cloud computing and infrastructure … Read more

Mother nominated son for savings account, but both died; Farmer father faced long delays, got money but lodged a compliant, Consumer Commission orders bank to pay Rs 15,000 relief

Mother nominated son for savings account, but both died; Farmer father faced long delays, got money but lodged a compliant, Consumer Commission orders bank to pay Rs 15,000 relief

The man approached the bank to find out how he could withdraw the money from his late wife’s savings account. (Image for representative purpose only) When you add a nominee to any of your savings or investment accounts, the idea is that the person will get the money when you pass away. But what if … Read more