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AUTOMATIC EXCHANGE OF INFORMATION
Rejig of global tax reporting rules to cover digital financeThe revised guidance, issued by the central board of direct taxes (CBDT), lays down an updated compliance framework for reporting financial...- Proverb of the day by George Washington, 'True friendship is a plant of slow growth, and must undergo and withstand the shocks of adversity, before it is entitled to the appellation' teaches timeless lesson on real friends in life, office, workplace, loyalty in relationshipGeorge Washington's timeless proverb offers a simple reminder for modern life: do not judge friendship by how quickly it begins. Give meani...
- Psychology says people who never apologize even if they are at fault aren't necessarily rude or careless: What this behavior reveals?Psychology says people who are never apologize even if they are at fault aren't always simply rude or careless. Their behaviour can be link...
- Kuwait approves 5-year defence cooperation pact with PakistanKuwait has ratified a broad defense cooperation agreement with Pakistan. This pact establishes a framework for military partnership and int...
- Crypto exchanges to collect tax residency, ID details of users under new CBDT frameworkIndia now requires crypto exchanges to collect user tax residency details. Digital asset intermediaries must share transaction data annuall...
- Boarding call: Can Adani succeed where so many airlines have failed?Adani Group's potential airline entry could reshape India's aviation industry, but challenging the IndiGo-Air India duopoly will demand yea...
- Rebuilding capital markets: Binance outlines the shift towards tokenised financial infrastructureTraditional finance markets are transforming through digital ledger technology. Tokenized stocks offer continuous trading and instant settl...
- Warren Buffett, Isaac Newton and the fourth law of moneySomewhere between what your investments earn and what you actually keep, a portion goes missing every year. It is charged by nobody you cou...
- ET Prime Special Series: Multibagger or IBC - Part 68: Is this company, part of a southern group, getting simpler, or more complicated?A business can trace its manufacturing history to 1962, yet sit inside a listed company incorporated only in 2017. That is only the first c...
- CGHS pensioner card application process gets easier: Retiring central government employees can now get CGHS card through Bhavishya portalCentral government employees retiring soon will find CGHS pensioner card applications simpler. Pension details from the Bhavishya portal wi...
- ESOPs, Crypto and two other disclosures you must make in Schedule FA of the ITR for AY 2026-2027Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...
- Psychology explains why we keep waving goodbye even after someone can no longer see us, and why your brain insists on finishing the gestureWaving goodbye after someone departs is a deeply ingrained social ritual. This automatic habit develops through years of repeated social in...
- AIS now includes foreign assets, income dataThe Income Tax Department now shows foreign asset details in annual statements. This move aims to improve voluntary tax compliance for elig...
- 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...
- Psychology says people who trust easily aren't always ignoring the red flags, they may be just giving the benefit of doubt to othersTrusting others doesn't mean ignoring warning signs. The healthiest approach combines openness with good judgment. Trust can strengthen fri...
- ITR 2026: Increased disclosure requirements for overseas investments and foreign assets—are Indian taxpayers ready?Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks necessitate accurate ...
- Psychology says people who talk really slowly aren't nervous or underconfident, they may be choosing their words more carefullyPsychology says that people who talk really slowly aren't necessarily shy, anxious, or lacking confidence. Understanding why someone speaks...
- RBI steps up scrutiny of Corporate India's foreign investmentsIndian banks are now mandated to disclose their anti-money laundering measures concerning international business partners. Corporations wit...
- Have foreign income or assets? AIS to soon show foreign assets and income details shared by foreign countriesThis is a CBDT order dated July 8, 2026 issued under Section 119 of the Income-tax Act, 1961. It is an administrative order that authorizes...
- Foreign tax data to be included in Form 26ASOverseas financial account information will now be included in taxpayers' Form 26AS. This move will allow taxpayers to view their foreign f...
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