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ASHISH KARUNDIA
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakes- Husband trades through wife’s demat account, incurs Rs 1.95 crore loss; tax dept sends notice over clubbing of income, ITAT Lucknow grants him relief
- Delhi HC rules EY US secondment fees taxable in India, MNCs face higher costs for foreign talent
- Reliance Foundation secures major win as ITAT overturns cancellation of charity registrationReliance Foundation has won a legal battle against the Income Tax authorities regarding the 'charitable' status of its Mumbai hospital. A t...11 Jun, 2026, 12.46 AM IST
- Toll collection against construction services provided to NHAI taxable: Rajasthan HCRajasthan High Court ruled toll collection rights are taxable consideration for highway construction. This decision impacts public-private ...09 Jun, 2026, 11.27 AM IST
- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...08 Jun, 2026, 12.28 AM IST
- Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...29 May, 2026, 08.12 AM IST
- SC order turns up tax heat on old benami transactionsThe Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...10 May, 2026, 08.48 AM IST
- Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...04 May, 2026, 12.33 AM IST
- India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...25 Apr, 2026, 01.12 AM IST
- Meal card reporting when filing ITR: How to do it correctly and claim tax benefits under both the old and new tax regimesSalaried employees can now claim meal card tax benefits under both old and new tax regimes from Tax Year 2026-27. For AY 2026-27, the benef...24 Apr, 2026, 07.01 AM IST
- Foreign betting sites pull a prank on taxmanOffshore gaming firms found a way to use the site name cgstahmedabadzone.gov.in to create additional, fake pages, complete with sub-links t...23 Apr, 2026, 01.44 PM IST
- Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concernsIndia’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...22 Apr, 2026, 10.36 AM IST
- Tiger in net, Blackstone in woods: Supreme Court's Tiger Global tax ruling could influence Blackstone disputeBlackstone faces a significant legal challenge from India's tax department. The dispute centers on tax residency and treaty benefits for fo...18 Jan, 2026, 12.04 PM IST
- Decade-old income tax demands resurface on portal, leaving taxpayers scrambling for proofOld income tax demands from as early as 2005 are resurfacing on tax portals, with accumulated interest often exceeding the principal amount...03 Jan, 2026, 05.30 AM IST
- Belgium to share past financial data with India under revised tax treatySome of the stipulations of the amended treaty are: a contracting state cannot decline to supply info solely because it has no domestic int...12 Nov, 2025, 06.28 AM IST
- Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice laterIncome Tax Department said that March 31, 2026 is the deadline for TDS, TCS correction statements. This applies to FY 2018-19 Q4 to FY 2023...09 Sep, 2025, 10.34 AM IST
- Taxman opens the parcel: GST sleuths probe restaurant packaging chargesIndian tax authorities are investigating whether restaurants have evaded taxes on packaging charges, following scrutiny of 'food and delive...14 Apr, 2025, 01.19 PM IST
- I-T Department digs deep, explores unusual sources for info gatheringIt is happening across businesses and states, with the taxman snooping around for transaction details with organisations in financial servi...15 Mar, 2025, 05.30 AM IST
- I-T dept to tap Interpol in pursuit of tax dodgers and their secret assetsThe Income Tax department plans to utilize Interpol to gather information on tax violators' current whereabouts, identities, and hidden ass...13 Jan, 2025, 12.16 AM IST
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