Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
01 May, 2026, 10.27 AM IST
Delhi HC stays GST appellate tribunal order for Tata Play to deposit Rs 450 croreThe Delhi High Court has stayed an order directing Tata Play to deposit ₹450 crore for alleged profiteering under GST, pending further hear...
30 Apr, 2026, 09.37 PM IST
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
29 Apr, 2026, 01.35 PM IST
If I gift my Rs 2 lakh to my wife who plans to invest in FD, who will pay income tax on interest earned?ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deductin...
28 Apr, 2026, 02.17 PM IST
Income Tax Dept tightens disclosure norms under presumptive taxation schemeStarting from the assessment year 2026-27, a new mandate will compel taxpayers utilizing the presumptive taxation system to reveal their ba...
15 Apr, 2026, 12.40 AM IST
I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
31 Mar, 2026, 12.06 PM IST
From Rs 15 lakh corpus in MF, how much tax-free SWP can I have?I am a retiree with a corpus of Rs 15 lakh in a mutual fund, earmarked for my daughter in Class 10. If I start a Systematic Withdrawal Plan...
27 Mar, 2026, 11.38 AM IST
I am 44 with salary, FD interest and mutual fund gains. How do I decide between the old and new tax regime each year?ET Wealth Reader's Query: I am 44, earning income from salary, interest on deposits, and occasional capital gains from mutual funds. How sh...
26 Feb, 2026, 11.38 AM IST
SC stays proceedings in Rs 780 crore GST notice against gaming company Nirdesa NetworksIn this case, the department alleged that Nirdesa was engaged in the supply of an “actionable claim” in the nature of betting, and accordin...
10 Oct, 2025, 06.42 PM IST
Govt proposes to abolish Equalisation Levy on online advertisementsThe government has proposed abolishing the Equalisation Levy on online advertisements and making amendments to the Finance Bill 2025. This ...
24 Mar, 2025, 05.49 PM IST
Gift or will: Which is a better way to inherit property?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
10 Aug, 2023, 11.55 AM IST
Documents needed to prove plot sold is agricultural land to avoid capital gains taxIf the land does not qualify as agricultural land, the capital gains thereon shall be taxable in the hands of an individual.
24 Nov, 2021, 11.25 AM IST
Floor set for taxing business income created in IndiaThe provisions of significant economic presence seek to enlarge the scope of income of non-residents that accrues or arises in India, by es...
04 May, 2021, 08.15 AM IST
Can I claim HRA tax exemption for rent paid to spouse while filing ITR?You can certainly claim the rent paid to your wife as an expense for the part of the premises used for your business or profession but gene...
06 Jul, 2020, 12.35 PM IST
Govt amends I-T rules for faster resolution of multinational corporations' tax disputes under MAPThe Central Board of Direct Taxes (CBDT) has amended Rule 44G dealing with application and procedure for giving effect to MAP agreement, an...
07 May, 2020, 11.37 PM IST
CBDT again defers GST, GAAR reporting in I-T audit report till Mar 2021The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2021 -- meaning that all incom...
27 Apr, 2020, 09.30 PM IST
I-T department watchful of transactions with companies from tax havens“The idea is to be vigilant towards such transactions,” said a department official. The department wants deeper enquiries into these transa...
20 Apr, 2020, 11.39 PM IST