Man opted for VRS after employer shut plant, got Rs 65.21 lakh and reported it as advance salary in ITR; Section 89 relief was denied, but ITAT Pune later ruled it a non-taxable capital receipt

He reported the Rs 65.21 lakh as advance salary in his ITR and sought tax relief under Section 89 of the Income Tax Act. (Image for representative purpose only) You choose to retire early and get money from your company for the VRS. But you mistakenly report it in a wrong way in your income…

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Stock Market Today Live Updates: BSE Sensex down 400 points, NSE Nifty50 opens near 22,600 as traders eye MPC meeting, crude prices & more

Indian benchmark indices ended sharply higher in the previous session, extending their rally for a second straight session. The 30-share BSE Sensex gained 685.34 points, or 0.95%, to settle at 73,067.81, while the 50-share NSE Nifty climbed 220.35 points, or 0.98%, to close at 22,776.10. Buying in banking stocks and Reliance Industries, along with a…

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Amazon Prime becomes ‘permanent home’ for Emmy Awards as ‘Wheel Deal’ system ends

Emmys shift from ‘Wheel Deal’ to Amazon Prime The Emmys are leaving their decades-old broadcast TV rotation behind, with Amazon’s Prime Video set to become the awards show’s exclusive global streaming home from 2027.The Television Academy and Amazon announced a six-year agreement on Tuesday that will make the ceremony available live and free to audiences…

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