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TAX CERTAINTY
Wife paid Rs 58 lakh from Indian bank a/c, husband paid Rs 80 lakh from UAE bank a/c for property purchase; she gets tax notice for unexplained investment, wins case in ITAT Mumbai for this reasonTo purchase property in India, wife paid Rs 58 lakh from her bank a/c and husband paid Rs 80 lakh via his UAE bank a/c using Dubai exchange...24 Jul, 2026, 12.46 PM IST- 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...23 Jul, 2026, 06.51 PM IST
- FCNR (B) vs NRE 5-year FD: Which can give higher maturity on $50,000 investment? Know currency riskFCNR(B) vs NRE currency risk: FCNR(B) and NRE deposits offer distinct investment avenues for non-resident Indians. FCNR(B) deposits provide...23 Jul, 2026, 03.14 PM IST
- Mauritius tax protocol to give Indian taxman more powers to probe offshore entitiesMauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore enti...23 Jul, 2026, 12.39 AM IST
- NaBFID gets nod to raise ₹20,000 cr via Zero-coupon bondsNaBFID will issue zero-coupon bonds valued at twenty thousand crore rupees. This move supports the institution's long-term capital mobiliza...21 Jul, 2026, 12.24 AM IST
- DTH, cable companies seek tech-neutral rules under new telecom regimeThe television distribution industry in India is calling on the government to adopt technology-neutral regulations as the Ministry of Infor...20 Jul, 2026, 06.20 PM IST
- Investing before an IPO: As NSE, Jio Platforms prepare to list, five early investors reveal the rewards, risks, and patience requiredET Wealth spoke to five investors who bought NSE shares long before the IPO became a certainty. Their stories are a reminder of the opportu...20 Jul, 2026, 01.12 PM IST
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...20 Jul, 2026, 11.57 AM IST
- FM exhorts young entrepreneurs to raise risk appetite and ‘build boldly’ despite external woesFinance Minister Nirmala Sitharaman encouraged young entrepreneurs to build boldly for India's future. She emphasized creating value and em...18 Jul, 2026, 03.28 PM IST
- Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...16 Jul, 2026, 11.41 AM IST
- India-UK trade pact comes into force, gold standard of FTA for bothIndia and the UK have operationalized a free trade agreement, enhancing economic ties. This pact allows zero duty entry for many Indian goo...15 Jul, 2026, 11.36 PM IST
- Presumptive taxation: Rebate to losses & deductions, what is the practical impact of changes under Income Tax Act, 2025Under the old Income Tax Act, 1961, the regime operated under three separate provisions. The new Income Tax Act, 2025 consolidates them int...13 Jul, 2026, 11.29 AM IST
- Biz positive on GST after 9 years; simpler compliance, lesser disputes key focus areas ahead: SurveyThe KPMG in India-FICCI GST Survey said GST has matured considerably through greater digitisation and transparency, creating a more unified...09 Jul, 2026, 05.30 PM IST
- Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA NageswaranChief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global ...09 Jul, 2026, 12.32 PM IST
- Opting for presumptive taxation while filing ITR? You may have to face tax audit; here's what you must knowThe Income-tax Act, 2025 introduces a new audit trigger for businesses. This change clarifies audit requirements for low-profit businesses ...08 Jul, 2026, 12.39 PM IST
- CBDT clarification: All approvals like Nil or lower TDS certificate and existing tax benefits will continue under Income Tax Act, 2025; Here’s what it means for youExisting tax benefits and approvals will continue under the Income Tax Act, 2025. Pending applications filed before March 31, 2026, will be...07 Jul, 2026, 06.07 PM IST
- Uncertainty is constant, move into attack mode: Anand MahindraMahindra Group views global uncertainty as a permanent business feature. The conglomerate is focusing on faster execution and calibrated in...07 Jul, 2026, 01.09 AM IST
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