Flexi-Loan

Assigned by the EPFO, the UAN is a permanent 12-digit code that stays with you throughout your professional career.

The West Bengal government on 22 July officially constituted the state’s 7th central pay commission (CPC) and has appointed former government secretary and IAS officer Atanu Chakraborty as Chairperson of the panel, according to a PTI report. This comes a day after Bengal Chief Minister Suvendu Adhikari told reporters that his government will aim to…

The Punjab and Haryana High Court on 22 July reserved judgement on pleas filed by the Punjab government and Punjab State Power Corporation (PSPCL) against a previous court order directing release of Dearness Allowance for state employees and pensioners by 30 June, according to a Hindustan Times report. Acting chief justice of the HC, Ashwani…

Can salary earned overseas become taxable in India simply because it is credited to a Non-Resident External (NRE) account or because tax has been deducted using an Indian Tax Deduction and Collection Account Number (TAN)? The Income Tax Appellate Tribunal (ITAT), Ahmedabad, has answered this in the negative while granting relief to a non-resident Indian…

Investors believe that with elusive growth opportunities, the companies offering growth deserve a higher valuation. The first set of investors who overpay is generally seen as thought leaders and trendsetters. They go to town highlighting the theme, talking up stock prices, and making the theme fully discovered. Then, more investors follow the theme, bid up…

If you think you have a birthright in your grandfather’s property, you may be in for a surprise. In a recent ruling, the Karnataka High Court held that property inherited by a father from his own father’s self-acquired assets does not automatically become ancestral property in the hands of grandchildren. In Smt. Usha N. Swamy…

A freelancer or independent professional may not have to pay tax on the entire amount earned through professional fees. Under Section 44ADA of the Income Tax Act, eligible professionals can opt for the presumptive taxation scheme, where 50% of their gross receipts are considered taxable income, while the remaining 50% is treated as a deemed…

Many taxpayers believe that cash deposits below ₹10 lakh in a financial year are outside the Income Tax Department’s radar. This assumption stems from Rule 114E of the Income-tax Rules, 1962, which requires banks, co-operative banks and post offices to report cash deposits aggregating to ₹10 lakh or more in savings accounts during a financial…

An online petition asking FIFA to replay the 2026 World Cup Final has crossed 61,500 signatures, with Argentine fans pointing fingers at Slovenian referee Slavko Vinčić for how the summit clash against Spain played out. The petition, live on Change.org, went up soon after the July 19 final in New York and calls on football’s…

The 31 July 2026 deadline for filing Income Tax Returns (ITR) is just a week away. Many taxpayers are scrambling to finish their filings early to beat the last-minute rush and avoid hefty late fees and penalties. As of 23 July, more than 3 crore ITRs have been filed, reflecting growing awareness and a strong…