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…

Stock market: How Sensex and Nifty settled in the previous session Stock market extended its losing streak in the previous session, with Sensex and Nifty closing lower for the third consecutive session. The slump came as surging crude oil prices and heavy selling in banking stocks dampened investor sentiment. BSE Sensex dropped 715.06 points, or…

After joining hands in a rare currency market intervention, the US and Japan have left the door open for more coordinated action, with Tokyo saying it is ready to step in again if yen continues to swing.In a statement issued on Monday, Japan’s ministry of finance said it intervened in the foreign exchange market on…