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  3. pf desk

PF Desk

When can a gifted property be taxed as income? ITAT explains 'relative' definition in key ruling
Woman receives Rs 33 lakh property as gift, gets tax notice: ITAT explains when a gift becomes taxable

A Rs 33 lakh property gift turned into a tax battle after the department treated it as income under Section…

By PF Desk
March 2, 2026 13:09 IST
8th Pay Commission: Will 2.86 fitment factor double your salary? Real hike calculation explained
8th Pay Commission real salary hike: Biggest ever pay increase likely for central govt employees despite lower fitment factor?

The 8th Pay Commission fitment factor may look big on paper, but history shows the real salary hike is often…

By PF Desk
March 1, 2026 14:10 IST
NRI sends money to mother for property buying, no ITR filed — 78% tax notice follows
NRI missing ITR filing slapped with 78% tax notice on property payment — ITAT steps in

An NRI faced a proposed 78% tax after ₹14.70 lakh of his property payment was made through his mother’s account…

By PF Desk
February 27, 2026 17:57 IST
Investors to pay up to 3% exit load in SEBI's newly launched life cycle funds - details here
Investors to pay up to 3% exit load in SEBI’s newly launched fund category – details here

SEBI has introduced a graded exit load of up to 3% for newly launched Life Cycle Funds under its mutual…

By PF Desk
February 27, 2026 08:31 IST
SEBI Scraps Solution Oriented Mutual Fund Category: What It Means for Retirement and Children’s Fund Investors
SEBI scraps solution oriented MF category: What’s impact on existing investors

SEBI has discontinued the solution oriented mutual fund category, including retirement and children’s funds, and introduced a new Life Cycle…

By PF Desk
February 27, 2026 07:14 IST
8th Pay Commission minimum pay to rise by 66%? Here's why this demand is gaining momentum
8th Pay Commission minimum pay to rise by 66%? Here’s why Aykroyd formula is gaining momentum

The proposal to expand the family unit from 3 to 5 under the 8th Pay Commission could mathematically trigger a…

By PF Desk
February 26, 2026 19:12 IST
PM Kisan e-KYC Trending on Google Trends: Complete e-KYC before next installment
PM Kisan e-KYC Trending on Google Trends: Complete e-KYC before next installment – step-by-step process

PM Kisan e-KYC has emerged as a top search trend on Google Trends over the past week as farmers rush…

By PF Desk
February 25, 2026 22:32 IST
ITAT Pune upholds penalty for misreporting under Section 270A
Salaried employee faces 200 pc penalty despite paying tax — here’s what ITAT said on wrong income tax deductions

A salaried taxpayer who wrongly claimed ₹10.65 lakh in Chapter VI-A deductions for AY 2022-23 ended up paying a 200%…

By PF Desk
February 25, 2026 17:10 IST
8th Pay Commission: Staff Side Drafting Committee meets today; 54,000 minimum pay, 7% annual hike, OPS restoration on agenda
8th Pay Commission: Drafting committee meet begins; 54,000 minimum pay, 7% annual hike, OPS restoration on agenda

8th Pay Commission: This drafting exercise is significant because employee unions want to present a unified and detailed charter of…

By PF Desk
Updated: February 25, 2026 13:03 IST
How to build a diversified fixed-income portfolio beyond FDs in 2026
How to build a diversified fixed-income portfolio beyond FDs in 2026

Relying only on fixed deposits may no longer be enough in a rising inflation and high-tax environment. Experts suggest that…

By PF Desk
February 25, 2026 08:33 IST
NRI bought Rs 2 crore Mumbai flat, got tax notice for 'unexplained money' — ITAT clarifies tax rule on foreign income
NRI bought Rs 2 crore Mumbai flat, got notice for ‘unexplained money’ — ITAT clarifies tax rule on foreign income

A Dubai-based NRI who bought a ₹2 crore flat in Mumbai without filing an ITR in India received a tax…

By PF Desk
February 24, 2026 19:20 IST
EPFO to auto settle inoperative accounts with low balance — amount threshold and process explained
EPFO to auto-refund inoperative accounts with low balances: Amount threshold and process explained

The Labour Ministry has begun a major clean-up of inoperative EPF accounts, announcing automatic refunds of ₹30.52 crore lying in…

By PF Desk
February 24, 2026 12:55 IST
Rs 12 crore corpus and Rs 2.7 lakh monthly passive income: Investor says he still feels financially 'fragile'
Rs 12 crore FIRE corpus, Rs 2.7 lakh monthly passive income — Investor says he still feels financially ‘fragile’

A 43-year-old investor on Reddit says he has achieved FIRE with a Rs 12 crore corpus and Rs 2.7 lakh…

By PF Desk
February 23, 2026 19:56 IST
New HRA claim rules under Income-tax Act 2025: Rent paid to relatives to face tax scrutiny
New HRA claim rules under Income-tax Act 2025: Rent paid to relatives to face scrutiny – here’s what changes

Salaried employees claiming HRA may soon face tighter disclosure norms under the Draft Income-tax Rules, 2026. The CBDT has proposed…

By PF Desk
February 23, 2026 14:18 IST
Is Rs 1 crore enough to retire in India? How long it may last in FD, SWP, annuity
Is Rs 1 crore enough to retire in India? How long it may last in FD, SWP, annuity after adjusting for inflation

Is Rs 1 crore enough to retire in India? A new study compares how long a ₹1 crore corpus may…

By PF Desk
February 23, 2026 12:32 IST
From Deduction to Disaster: How a ₹10.65 Lakh Claim Triggered 200% Penalty
Income tax notice to high earners: How a Rs 10.65 lakh wrong deduction triggered Rs 9.44 lakh demand and 200% penalty

A high-income taxpayer’s Rs 10.65 lakh wrong deduction claim resulted in a Rs 9.44 lakh additional tax demand, including a…

By PF Desk
February 22, 2026 12:40 IST
Income Tax Refund scam alert: Fake refund message costs taxpayer Rs 1.5 lakh — Here's how you can stay safe
Income Tax Refund scam alert: Fake refund message costs taxpayer Rs 1.5 lakh — Here’s how you can stay safe

Amid growing concerns over income tax refund delays, scammers are targeting anxious taxpayers with fake “pending refund” messages. After one…

By PF Desk
February 22, 2026 09:02 IST
Cash gifts from family, relatives not exempt from income tax if you fail to explain these details, says ITAT
Cash gifts from family, relatives not exempt from income tax if you fail to explain these details, says ITAT

A recent ITAT ruling has shown that even tax-free gifts from relatives can become taxable if proper donor details are…

By PF Desk
February 22, 2026 07:41 IST
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