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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    A Nova Scotia man lost his wallet as a teenager in 1975; 51 years later, a carpenter found it under floorboards with his birth certificate, student ID, $1 bill and a Hamlet ticket still inside

    A wallet lost by a teenager in Dartmouth, Nova Scotia, in 1975 has been returned to its owner 51 years later after a carpenter discovered it hidden under floorboards during a home renovation. The brown leather wallet still contained a birth certificate, a student ID, a one-dollar bill and a ticket stub for a production…

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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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      East Hampton wants to spend $36.3 million to buy 38.3 acres of a former New York sand mine once slated for a 50-lot commercial subdivision; 33.3 acres would instead become open space

      East Hampton Town is moving toward a multimillion-dollar purchase that could dramatically change the future of a large former sand mine in Wainscott, New York. The East Hampton Star first reported the proposed $36.3 million acquisition on October 1, while Long Island Life & Politics reported this week that the town sees the purchase as…

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      In 2013, buyers paid $3.45 million for a Lake Minnetonka property and built a 10,000-sq-ft home two years later; the estate has now sold for $18.25 million, setting a Minnesota record

      A Lake Minnetonka estate in Deephaven has sold for $18.25 million, becoming Minnesota’s most expensive residential sale on record. The sale was reported by the Minnesota Star Tribune and Minneapolis/St. Paul Business Journal, while property records and the listing history independently confirm the October 1 closing. Located at 20670 Linwood Road, the lakefront property spans…

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      ‘People say Nana gets angry but…’: Mithun Chakraborty pays emotional tribute to late friend Nana Patekar | Hindi Movie News

      Nana Patekar‘s passing on October 8 has left Bollywood heartbroken. The 75-year-old veteran actor died of a cardiac arrest, and the industry has since rallied around his grieving family with messages of sympathy. Among those paying tribute was Mithun Chakraborty, who remembered Patekar as a close friend. Mithun Chakraborty on his friendship with Nana Patekar…

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      ‘Not bragging, just telling facts’: Trump makes fresh pitch for Nobel Peace Prize, citing ‘eight settled wars’

      This is not the first time Trump has said he deserves the Nobel Peace Prize. US President Donald Trump on Wednesday said he deserves the Nobel Peace Prize, while acknowledging that he remains unsure whether the Norwegian Nobel Committee will select him for the 2026 award.Speaking to reporters in the Oval Office, Trump said the…

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      Nana Patekar biography: From ‘Gaman’ and ‘Krantiveer’ to ‘Natsamrat’ and ‘Welcome’; National Award-winning actor; A peek into the veteran actor’s simple life | Hindi Movie News

      Nana Patekar, born Vishwanath Patekar on January 1, 1951, in Murud-Janjira, Maharashtra, became one of Indian cinema’s most respected actors. He worked across Hindi and Marathi cinema as an actor, writer and filmmaker.Nana Patekar passed away on October 8, 2026, at the age of 75, as reported by ANI. His career spanned more than four…

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