Capital gains tax on property refers to the tax levied on the profit you make when you sell a property that has increased in value. It's essentially a share of the profit the government takes for allowing you to benefit from the appreciation of your asset.

Now, you can open an account within three months of receiving retirement benefits. The definition of retirement benefits has been clarified to include various payments like provident fund dues, gratuity, pension commutation, leave encashment, and more.

The recent notification introduces changes concerning the premature closure of Public Provident Fund (PPF) accounts, identified as the Public Provident Fund (Amendment) Scheme, 2023.