Buyers should understand the distinction between the losses the policy covers, those that need add-ons, and those it excludes.
Customs duty cannot be levied on electricity supplied from a special economic zone (SEZ) to the domestic market, ruled the Supreme Court on Monday while upholding Adani Power's appeal against a 2019 judgment of the Gujarat high court. The 2019 judgment had denied relief to Adani Power from Customs duty on electricity supplied from its Mundra SEZ unit to the domestic tariff area (DTA).
Beginning November 1, 2025, bank customers can name up to four nominees for their accounts and lockers.
The Supreme Court has ruled that a bank's one-time settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including upfront payment of a specified portion of dues, to avail themselves of the benefits of the scheme.
'This case is not a good example of intellectual property strategy for either sector.'
LTA can be claimed only for domestic travel and is available for two journeys within a block of four years.
Don't solely focus on tax-saving alone.
Municipal corporations penalise late property tax payments. 'Penalties can include attachment of properties, bank accounts, rent and other movable assets," says Anand Moorthy, co-founder, Square Yards.
If the gift is received from a relative, there is no tax implication. But if the gift is received from a non-relative and exceeds Rs 50,000 in value during a financial year, the entire value of the gift is taxable.
Nominations and addresses are of paramount importance in bank accounts, insurance policies, mutual funds, etc.
A taxpayer paying rent to his/her spouse is entitled to claim HRA benefit under relevant sections and within prescribed limits.
Children born under the Special Marriage Act have equal rights over both parents' properties, regardless of their parents' religion or background.
The Delhi high court on Tuesday permitted the mother of a Kerala woman, who is on death row in Yemen for killing a Yemeni national, to travel to the West Asian country to negotiate about blood money with the victim's family and save her daughter from the gallows.
'Planning for the transfer of assets to the next generation is an important aspect of financial and estate planning.'
'Don't wait until the last minute. Instead, cultivate the habit of monitoring your Form 26AS throughout the year.'
Keep sufficient funds in your bank account until the cheque is cleared.
September 15 is the deadline for paying the second instalment of advance tax. This is income-tax (I-T) taxpayers need to pay every quarter, instead of a lump sum at the end of the year. Ashutosh K Srivastava, senior associate, SKV Law Offices, says, "The tax has to be usually paid when income is earned. "Nonetheless, according to the I-T Act, the taxpayer has to estimate his income for the entire financial year. Based on that, he/she pays tax at specific intervals."
With a budget of Rs 60 crore, Business Blasters, which is part of the Delhi government's Entrepreneurship Mindset curriculum, aims to nurture entrepreneurial skills among students, including taking calculated risks and bouncing back from failure.
The investigating agency is examining the documents.
In a relief to Tamil Nadu Chief Minister J Jayalalithaa, the Supreme Court on Monday set aside the Karnataka government's decision to remove Special Public Prosecutor G Bhawani Singh from the disproportionate assets case against
