After 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...

A Texas farmer's 1999 gift of 87 acres for a park was intended to benefit local children. Decades later, that land is slated for a data cen...

The Trump administration is changing its approach to higher education. Instead of targeting individual campuses, new federal rules are bein...

The US Supreme Court is set to decide two crucial election law cases. One case challenges rules on counting mail-in ballots received after ...

Happy Friday! The Supreme Court’s latest GST ruling is the final blow for real-money gaming platforms after last year’s ban. This and more ...

Despite the allegations surrounding Jeffrey Epstein, Bank of America wealth adviser Paul V. Morris maintained connections with Epstein for ...

The U.S. Supreme Court is reviewing significant cases. These cases cover voting rights, presidential authority, immigration policies, and g...

Despite India's technology ministry warning that prediction markets like Polymarket and Kalshi are illegal, customers in India continue to ...

Pankaj Chaudhary, the Minister of State for Finance, called the central agency the "nation's shield against financial crimes", stating that...

A one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...

Whether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...

In the four fiscals starting 2018-19, a total of 349 assessment orders were passed and a demand totalling Rs 13,566 was raised.

While the I-T Act can be used to claim tax on 10-year old undisclosed income, the Black Money (BM) Act empowers the tax department to go af...

The income-tax department expects beneficiaries of undisclosed offshore trusts to come clean and declare under the black money law.

The new black money law makes hiding wealth overseas a criminal offence attracting up to 10 years of rigorous imprisonment.

Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into for...

Indians having undisclosed property abroad will have to pay tax and penalty on the basis of the current market value of the asset.