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Business

EPF Interest During Career Break May Be Taxable Despite Five-Year Rule

If you take a career break, your Employee Provident Fund (EPF) continues to earn interest. However, while the EPF balance accumulated during continuous service of five years is generally tax-exempt, the interest earned after leaving the job may be taxable as income from other sources. Tax treatment depends on the date of leaving employment and applicable rules, as per tax expert CA Chandni Anandan and ITAT rulings.

NDTV Business·

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Business

Redditor Shares 5 Worst Financial Mistakes to Avoid

A Reddit post by an investor listing five major financial mistakes is gaining viral attention. The mistakes include buying a costly life insurance policy, ignoring gold investments, choosing lower-quality hospitals to save money, and purchasing long-term gym and swimming subscriptions. The investor reflected on spending Rs 1.3 lakh on an LIC policy and dismissing gold as unproductive, advising others to learn from these errors.

NDTV Business·

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Business

Swiss Firms Show Strong Interest in India After Trade Agreement

Swiss President Guy Parmelin highlighted strong interest from Swiss companies in India across various sectors following the India-European Free Trade Association Trade and Economic Partnership Agreement, effective for one year. The agreement aims to boost bilateral trade and attract long-term investments. During his visit, Switzerland also seeks to enhance cooperation in business and technology with India.

Economic Times·

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Politics

Catholic Diocese Sues US Over Limited Clergy Access to Detainees

The Catholic Archdiocese of St. Louis has filed a lawsuit against the US federal government, claiming detainees at Saint Genevieve County Jail in Missouri are denied private meetings with priests and access to sacraments like communion and confession. The suit alleges clergy visits are restricted to a four-hour window on Mondays and conducted only via phone through glass. It also accuses ICE of not enforcing its own clergy visitation policies.

HT World··Saint Genevieve

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Politics

Iran's Pezeshkian Calls US Talks Meaningless After Three Attacks

Iranian President Masoud Pezeshkian stated that negotiations with the US are meaningless, citing three American attacks following talks. He accused the US of not genuinely seeking dialogue but aiming to overthrow Iran's Islamic Republic. Pezeshkian highlighted ongoing US actions like assassination, sanctions, and threats as reasons negotiations have failed, emphasizing Iran's rejection of such approaches.

Firstpost World·

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