FAST-DS 2026 raises an important question for taxpayers who have voluntarily disclosed foreign income through a valid ITR-U. Can such incom...

Retired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...

Mauritius Cabinet approved the India-Mauritius DTAA Protocol ratification on July 17, 2026. This decision followed extensive stakeholder di...

India is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This me...

The July 31, 2026, income tax return filing deadline remains unchanged for many taxpayers. Those who missed this date must now file a belat...

NRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term ca...

Mauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore enti...

New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply t...

New Income Tax Return forms for AY 2026-2027 introduce significant reporting changes. Taxpayers must now report futures and options trading...

The Central Board of Direct Taxes (CBDT) amended the scope and format of Form 26AS effective from June 1, 2020. The October 2021 order of t...

The Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets ma...

The proposed amendments also do not seek to tax inherited gold and jewellery, as also those items that are purchased through disclosed or a...

The CBDT chief said "as long as" the retrospective amendment of the IT Act passed by Parliament remains valid, the "demand (of tax against ...

The erstwhile UPA government had amended the tax laws in 2012 budget retrospectively, allowing tax authorities to tax overseas transactions.

They apprehend that the plea will become irrelevant if the court does not give its ruling on Thursday as deadline for filing returns is Sep...

Tax experts also said that the crucial aspect here will be the ‘parameters/principles’ that will be applied by the CBDT in guiding the tax ...

The Government on Tuesday said there is no proposal from the Central Board of Direct Taxes (CBDT) to amend Income Tax Act so that all FIIs ...