The court stated that retirement, whether voluntary or through superannuation, is a requirement for receiving the benefit of earned leave under existing norms and laws...
The payment of a retired employee’s pension is not dependent on the employer’s whims and fancies, held the Kerala High Court saying that it is the employee’s constitutional right, if not a fundamental right. Justice VG Arun called pension ‘deferred salary’ saying that this right should be ...
Many financial deadlines were extended by their respective departments in September. However, there are a few money deadlines that have not been extended and from October 1, 2023, the new rules have come into force. Here is a list of deadlines that have been extended, and a few that have not been ex...
Gratuity is a payment received by an individual for their past services rendered to an organization, typically before or upon their retirement. In the Income Tax Act of 1961, there are provisions that determine the taxability of gratuity amounts. These provisions differentiate between government emp...
Non-reporting of foreign shares and other foreign assets held by you in your income tax return (ITR) can cost you a lot of money. An individual can be held liable for violation of the Black Money Act, 2015. Section 43 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax A...