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Axis, Kotak Mahindra raise charges for overseas card transactionsAxis Bank will increase the DCC fee on its credit cards to 3.5% from 1.5%, effective August 28, 2026, according to the bank's revised terms...
CBIZ Sold for $5 Billion: Grant Thornton mega deal creates fifth-largest US accounting services firmGrant Thornton Advisors is acquiring CBIZ for five billion dollars. This significant transaction will create the nation's fifth-largest pro...
IFSCA working with govt on outbound tax issues: OfficialOutbound investments from GIFT IFSC face tax-related constraints, according to an IFSCA official. The International Financial Services Cent...
ITR filing last date: Will Income Tax Department extend July 31 deadline for FY 25-26? Here's what experts sayITR filing deadline: The July 31 income tax return deadline approaches with many taxpayers yet to file. Experts are divided on whether the ...
Asian Paints Q1 Results: Net profit surges 40% YoY to Rs 1,539 croreAsian Paints Q1 Results: Asian Paints reported a strong Q1 FY27 performance, with consolidated net profit rising 40% year-on-year to Rs 1,5...
Eligible for 75% EPF balance withdrawal and planning to do so? Think again and find out how much it will cost you to rebuild itNew EPF withdrawal rules offer greater flexibility for salaried employees. Experts caution against withdrawing retirement savings premature...
ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat leadCentral GST officers detected over 30,000 input tax credit fraud cases in 2025-26. These cases involved approximately Rs 74,782 crore and l...
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...
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...
File your ITR for just Rs 11: Paytm partners with ClearTax; here's how you can file income tax returnITR filing: Paytm users can now file Income Tax Returns directly through the app. This service is available starting at an affordable price...
GST notice uploaded only on portal isn't valid service, high courts rule: What it means for taxpayersHigh Courts are questioning GST notice validity when only uploaded online. Punjab and Haryana High Court ruled portal uploads are not valid...
Europe's Eutelsat, SES set for $6 billion in U.S. spectrum-clearing paymentsThe US Federal Communications Commission has approved a framework to move satellite services out of part of the C-band radio spectrum, all...
Crypto exchanges to collect tax residency, ID details of users under new CBDT frameworkIndia now requires crypto exchanges to collect user tax residency details. Digital asset intermediaries must share transaction data annuall...
FM Sitharaman asks I-T Department to separate genuine errors from wilful tax evasionFinance Minister Nirmala Sitharaman called on the Income Tax Department to embrace a more taxpayer-friendly attitude. She highlighted the i...
Finance minister Nirmala Sitharaman asks I-T officials to ease burden on honest taxpayersFinance Minister Nirmala Sitharaman urged tax officials to ensure taxpayer convenience. She stressed firm action against tax evasion and ec...
Rs 9.48 lakh income tax demand on coaching centre quashed: ITAT explains why attendance alone doesn't make contractual teachers employeesContractual teachers held as employees by the tax department and on this ground, Rs 9.48 lakh tax demand raised; ITAT Cochin rules administ...
India on way to become a global hub for aircraft Maintenance, Repair and Overhaul (MRO): GovernmentIn a written reply in the Lok Sabha, Civil Aviation Minister Kinjarapu Rammohan Naidu said, "The Government has taken various measures to c...
Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
ITR filing: Received Section 143(1) intimation with tax demand? Respond within 30 days or risk being treated as an ‘assessee in default’; know how to do itTaxpayers must respond to Section 143(1) intimations with tax demands promptly. Failure to respond within thirty days can lead to penalties...
CBIC weighs centralised GST registration under one PANThe proposal seeks to address a longstanding industry demand by examining whether businesses operating across multiple states can be admini...