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TAX ADMINISTRATION CHANGES
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 ...- Technocraft Ventures IPO Day 2: Issue subscribed 3.51x, GMP signals 12% premium — Should you subscribe?The Technocraft Ventures IPO entered its second day of bidding with 2.59 times subscription and an 11% grey market premium. Valued at Rs 25...
- US student visas for Indians plunge 62% as America tightens F-1 approvalsUS student visas issued to Indian nationals fell 62% during the peak admission season in 2025, according to an analysis by the Center for I...
- White House set to extend Jones Act waiver as Trump hunts for cheaper gasolineThe White House plans to extend a Jones Act waiver to reduce gasoline prices. This waiver increases shipping flexibility and eases transpor...
- 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...
- Quote of the day by Barack Obama: ''Focusing your life solely on making a buck shows a certain poverty of ambition. It asks too little of...'' — Inspiring life lessons on purpose, leadership, personal growth, fulfillment, and why chasing a mission bigger than yourself unlocks your true potential by the former US PresidentToday's Quote of the Day by Barack Obama: Barack Obama’s famous quote challenges individuals to look beyond financial accumulation and seek...
- India proposes tax relief for offshore funds using local managersIndia has proposed easing tax rules for offshore investment funds using India-based managers by removing size and investor limits, aiming t...
- US senate leaders reach funding deal to avoid shutdown during campaign seasonKey senators revealed a short-term spending bill to fund federal agencies past elections. This measure aims to prevent a government shutdow...
- Trump's visa strategy: Keep announcing sky-high fees until one sticksThe Trump administration is weighing a proposal to charge international students $100,000 to work in the US after graduation under the OPT ...
- Quote of the day by Barack Obama: "Hope is not blind optimism. It's not ignoring the..." — Inspiring life lessons on courage, resilience, leadership, purpose, determination, human potential, and why the greatest victories often begin when the odds seem impossible by the former US PresidentQuote of the day by Barack Obama: Barack Obama’s quote, "Hope is not blind optimism. It's not ignoring the enormity of the task ahead or th...
- Are you an NRI who sold an under-construction property? Here's what actually counts as your “Date of Purchase” for capital gains calculationNRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term ca...
- Freedom 250 Social Security card: Who qualifies for the new limited-edition SSA card and why most Americans won't receive itFreedom 250 Social Security card: The Social Security Administration is rolling out a brand-new card design. Only a select group of America...
- Don't let selling your house trigger a tax notice: Check these rules under Sections 54 and 54FMany taxpayers who purchase or construct a residential house to claim exemption under Sections 54 or 54F are unaware that selling the house...
- US President Trump's economy at 18 months is a tale of shocks, resilience, and signs of stalled progressPresident Trump's initial eighteen months saw economic shocks from immigration and tariffs. An Iran war also impacted oil prices and global...
- Trump faces midterm reckoning with 100 days to US voteOne hundred days before the US midterm elections, President Donald Trump's Republicans are staring down polling that points to the loss of ...
- This wave of Trump tariffs is likely here to stay; more are comingThe Trump administration is rebuilding its tariff wall using established trade laws. New duties target forced labor and excess industrial c...
- 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...
- Lady with Rs 5.28 lakh income pays no tax despite Rs 1.42 lakh STCG from equities; Know why ITAT Mumbai allowed the Section 87A rebateEver since the Income Tax utility has disabled the option to claim Section 87A tax rebate on short term capital gains (STCG) from listed eq...
- 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...
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