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1791237759 income tax notice

Woman declared Rs 67.4 lakh ancestral jewellery in her ITR which led to additions by tax department; ITAT Mumbai deleted it on basis of old records, but rejected her Rs 12 lakh HUF brokerage claim

On the jewellery issue, the ITAT found that the department’s reasoning involved too many assumptions. (Image for representative purpose only) The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has given partial relief to a Mumbai taxpayer who was asked to explain jewellery worth Rs 67.39 lakh disclosed in her income tax return. The tribunal deleted...
post office savings schemes

PPF at 7.1%, SCSS 8.2%, NSC 7.7%: Check small savings interest rates for October-December 2026 and what investors will earn on Post Office schemes like SSY, time deposits

The Ministry of Finance decides the interest rates for all small savings schemes every quarter. Small savings schemes are still a popular investment option for many despite increasing financial literacy leading to people investing more in equities and mutual funds. This includes popular schemes such as the Public Provident Fund (PPF) and Senior Citizens Savings...
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