Retired bank employee got Rs 12.27 lakh leave encashment and claimed Rs 3 lakh exemption in 2020, but government later hiked limit to Rs 25 lakh in 2023; ITAT Chennai allows full tax exemption

A CBDT Notification No. 31/2023 dated 24 May 2023 increased the exemption limit for non-government employees from Rs 3 lakh to Rs 25 lakh.  (Image for representative purpose only) You retire and get leave encashment, a part of which is exempt from tax. You file your income tax return claiming the exemption, but later the…

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Stock market crash today: BSE Sensex tanks over 700 points; Nifty50 below 22,400 – top reasons for fall

Adding to the pressure on markets, Brent crude prices rose another 2%. Stock market crash today: BSE Sensex and Nifty50, the Indian equity benchmarks, crashed in trade on Thursday, with both indices down around 1%. Investors reacted to the RBI’s policy tightening and repo rate hike, continued FII selling and other negative factors.At around 12:02…

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A couple spent 3 years restoring an 1838 New York schoolhouse with an 8-inch bowed wall; it is now a 704-sq-ft cottage |

Representative Image of a cozy 1838 cottage blending modern renovation with historical schoolhouse elements (AI Generated Image) An 1838 former schoolhouse in New Paltz, New York, was transformed into a 704-square-foot cottage after Annette and Richard Andradez spent 3 years renovating the property. When This Old House first published the project on July 28, 2017,…

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Stock Market Today Live Updates: GIFT Nifty signals mildly negative start for BSE Sensex, NSE Nifty50

BSE Sensex and NSE Nifty50 ended Wednesday on a lower note, after two straight sessions of gains, with the RBI’s 25-basis-point repo rate increase and its shift to a “calibrated tightening” stance weighing on sentiment. The 30-share BSE Sensex fell 429.11 points, or 0.59%, to 72,638.70, with 26 constituents closing lower and four higher. The…

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Robert Redford bought 2 acres in Utah for his family in 1961; he later bought a canyon and turned it into Sundance, an arts and conservation retreat | World News

Image: Left/Wikipedia/Right/Sundance Mountain Resort Robert Redford, the actor and director who died in September 2025 at the age of 89, bought two acres in Utah’s Provo Canyon in 1961 as a place for his family. Over the following decades, he assembled the surrounding land into Sundance Mountain Resort, which became home to the Sundance Institute,…

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In 2021, Arnold Schwarzenegger donated $250,000 to help homeless veterans in Los Angeles; before Christmas, 25 tiny shelters were installed with beds, climate control and doors residents could lock

After the shelters were installed, Schwarzenegger visited the site and met some of the veterans who were staying there (Getty images) In 2021, Arnold Schwarzenegger donated $250,000 to help provide tiny shelters for homeless veterans in Los Angeles. By Christmas, 25 shelters purchased through his donation had been installed at the Veterans Affairs campus in…

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