Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
04 Aug, 2026, 06.14 PM IST
Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LSA groundbreaking bill has been introduced to boost foreign investment while fostering local manufacturing in India. By simplifying regulati...
04 Aug, 2026, 05.31 PM IST
Govt tables tax amendment Bill with FII relief, electronics manufacturing pushThe Taxation and Other Laws (Amendment) Bill, 2026, was tabled, proposing significant changes to tax laws. Banks and payment providers will...
04 Aug, 2026, 02.56 PM IST
Taxation laws amendment bill tabled in Lok Sabha: What the new tax bill changes for foreign investorsFinance Minister Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026, proposing simpler rules for offshore inv...
04 Aug, 2026, 02.22 PM IST
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...
04 Aug, 2026, 06.15 AM IST
Reconfigured tax laws to help activate investments, boost manufacturing & foreign capitalThe government is set to introduce the Taxation and Other Laws (Amendment) Bill, 2026, extending tax incentives for electronics manufacturi...
04 Aug, 2026, 06.00 AM IST
Taxation laws amendment bill: Government proposes simplified exemption framework for offshore fundsA bill will soon simplify offshore investment fund rules. This aims to attract more foreign capital into India. Tax exemptions will be offe...
03 Aug, 2026, 09.03 PM IST
India proposes extending tax breaks for contract manufacturing in a boost for AppleIndia has proposed extending tax exemptions until 2041 for foreign companies supplying machinery and components to contract manufacturers, ...
03 Aug, 2026, 02.59 PM IST
New Tax Bill sweetens deal for electronics makers, global investorsThe Taxation and Other Laws Amendment Bill, 2026 proposes extending electronics tax incentives until 2041, easing rules for foreign investo...
03 Aug, 2026, 02.40 PM IST
Man was denied Section 54F income tax exemption as builder delayed villa construction by 4 years; Telangana HC grants relief, says taxpayer can't suffer for builder's faultBuilder delayed villa's construction by 4 years, thus tax dept denied Section 54F tax exemption to homebuyer; Telangana HC says homebuyer c...
02 Aug, 2026, 08.10 AM IST
Has government scrapped Long Term Capital Gain (LTCG) tax for foreign investors? Finance Ministry repliesThe government has clarified no LTCG tax scrapping for foreign investors. Only investments in Government Securities now receive tax exempti...
30 Jul, 2026, 03.22 PM IST
TDS deducted but you haven't filed your ITR yet? Here's what happens if you miss the July 31 deadlineFailing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late fi...
29 Jul, 2026, 06.24 PM IST
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...
28 Jul, 2026, 03.16 PM IST
Save income tax when filing ITR for AY 2026-2027 by claiming Section 54 or 54F benefits if you sold land, house property or equity shares; Know howIndian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential p...
27 Jul, 2026, 03.06 PM IST
Rs 17.41 lakh penalty for ITR filing mistake: CA firm's owner's affidavit helps taxpayer get relief in ITAT Mumbai; know howRs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps tax...
27 Jul, 2026, 02.34 PM IST
Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...
25 Jul, 2026, 07.55 AM IST
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...
23 Jul, 2026, 03.33 PM IST