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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...31 Jul, 2026, 02.08 PM IST- India climbs 25 places to 57th in global rankings on back of structural, pro-competitive reformsIndia's position in structural and global rankings has improved from 82nd to 57th as per a statement by the Ministry of Commerce & Industry.31 Jul, 2026, 10.16 AM IST
- FCNR(B) hurdle: Singapore holds ground on withholding taxGiven the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basi...31 Jul, 2026, 01.12 AM IST
- 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...31 Jul, 2026, 01.05 AM IST
- NSE Q1 Results: Profit rises 7% YoY to Rs 3,120 crore; revenue up 9%National Stock Exchange reported a seven percent profit rise for the June quarter. Higher transaction charges and strong operating margins ...30 Jul, 2026, 10.21 PM IST
- Trump may withdraw Todd Blanche nomination to avoid Senate concessionsPresident Trump may withdraw Todd Blanche's nomination for Attorney General. This action stems from demands for concessions on a tax immuni...30 Jul, 2026, 10.19 PM IST
- India 25 notches up on global competitiveness indexIndia advanced 25 places to rank 57th globally in a competitiveness index. This improvement reflects sustained efforts in reducing market d...30 Jul, 2026, 08.30 PM IST
- GSTN puts proposed e-way bill changes on hold after industry feedbackGST Network has postponed two e-way bill system enhancements. These changes were scheduled for implementation starting August 1. Industry f...30 Jul, 2026, 08.22 PM IST
- 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...30 Jul, 2026, 08.08 AM IST
- 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...29 Jul, 2026, 08.27 PM IST
- 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...29 Jul, 2026, 06.30 AM IST
- 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...27 Jul, 2026, 11.37 PM IST
- 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...27 Jul, 2026, 05.40 PM IST
- 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...27 Jul, 2026, 02.46 PM IST
- 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...27 Jul, 2026, 11.56 AM IST
- 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...27 Jul, 2026, 12.42 AM IST
- 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...24 Jul, 2026, 11.57 PM IST
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