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INPUT TAX CREDIT CLAIMS
Finance panel calls for AI checks for tax refundsA parliamentary committee has identified a concerning surge in income tax refunds that are taking too long to process. To expedite genuine ...
Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
Good news for investors: No income tax on dividends received from REITs and InvITs in this case, Lok Sabha passes the bill; Check the detailsThe Lok Sabha passed a bill amending tax laws on August 6, 2026. This amendment benefits REIT and InvIT investors by exempting dividend inc...
REITs set to gain tax flexibility, cash flow boost under new BillIndian REITs could gain greater tax flexibility under the Taxation and Other Laws (Amendment) Bill, 2026, which allows SPVs to opt for conc...
IRS tax credit could mean up to $8,231 for eligible workers: Who qualifies for the Earned Income Tax Credit, how much you could receive and what you should check before filingThe IRS Earned Income Tax Credit (EITC) can provide significant tax relief to eligible low- and moderate-income workers. For tax year 2025,...
6 reasons you may get income tax notice even after meeting July 31 ITR filing deadlineFiling your income tax returns punctually doesn't guarantee immunity from tax department notices. Often, discrepancies arise between report...
Did Elon Musk's DOGE really save billions? A federal audit raises questionsA federal watchdog has raised questions about cost-saving claims made by Elon Musk's DOGE agency. Several figures highlighted by the agency...
EXIM Bank to be implementing agency for interest subvention support for exporters: DGFTThe commerce ministry announced EXIM Bank will implement export credit interest subvention. This transition from the Reserve Bank of India ...
SBI unpaid dividends: How to check unclaimed dividends with bank or IEPFInvestors can check for unclaimed State Bank of India dividends on the bank's website. Dividends unclaimed for seven years are transferred ...
HC seeks govt reply on auto TDS refund pleaThe Delhi High Court has asked the government for its response on a plea. This plea seeks automatic tax deducted at source refunds for indi...
PB Fintech Q1 Results: Policybazaar parent's profit soars 92% to Rs 163 crore as insurance premium grows 41%PB Fintech reported a 92% year-on-year rise in Q1FY27 consolidated profit to Rs 163 crore, driven by robust insurance premium growth, highe...
US to expand incentives for employers offering paid family leaveThe US Treasury Department will announce new guidance expanding employer paid family leave incentives. This policy centers on an expansion ...
Rs 9 lakh ‘human refrigerator’ from Japan can cool your body faster than traditional ACsIn a bid to combat extreme temperatures, a Japanese firm has unveiled an innovative 'human refrigerator' booth. This cutting-edge stainless...
ETMarkets NRI Talk | Alternatives can account for up to 20% of an NRI's India allocation: Shiv GuptaFrom portfolio management services (PMS) and alternative investment funds (AIFs) to private credit, these asset classes offer the potential...
FISME seeks GST overhaul to ease MSME complianceFISME seeks Goods and Services Tax reforms to ease MSME compliance burdens. They propose a safe harbour for input tax credit and faster GST...
NRI selling property, shares or gold in India? Here's how you can manage your capital gains tax in a better waySelling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...
No input tax credit for the innocent buyer after paying GST? Supreme Court settles who bears the cost when a supplier defaultsThe Supreme Court affirmed Gujarat High Court's decision on CGST Act Section 16(2)(c). This ruling validates the provision requiring tax pa...
Employee wrongly declared Rs 14 lakh Australian salary in Indian ITR: ITAT grants tax relief but denies Rs 3.4 lakh foreign tax creditEmployee mistakenly declared Rs 14 lakh Australia salary in Indian ITR, later sought Rs 3.4 lakh foreign tax credit in India for tax paid i...
CBIC readies rules to facilitate filing of multi-state GST appealsThe Central Board of Indirect Taxes and Customs is preparing a new framework that will streamline departmental appeals involving multiple s...
GST panel may consider allowing transfer of unused tax credit within corporate groupsA key GST panel will consider industry suggestions for transferring unutilised input tax credit. Exempting intra-group corporate guarantees...