Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...
29 Oct, 2026, 05.17 AM IST
Why is your Social Security taxed, and how much can you save? 5 ways to cut the bill and keep more retirement incomeMany American retirees pay federal taxes on their Social Security benefits, even after spending decades contributing to the system. For peo...
29 Oct, 2026, 12.41 AM IST
Rs 60 lakh cash gift from late husband: Widow gets income tax notice for'unexplained' credit - Know what ITAT ruledMs Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source...
28 Oct, 2026, 11.52 AM IST
Can income tax officials take your PPF savings for unpaid tax dues? Know what the law saysDealing with a tax demand? It's essential to grasp how the Income Tax Department can seize dues from different assets, while your PPF accou...
28 Oct, 2026, 06.30 AM IST
CBDT receives around 1,100 applications under foreign assets disclosure schemeSince the launch of the Foreign Assets of Small Taxpayers Disclosure Scheme, approximately 1,100 taxpayers have submitted applications. The...
26 Oct, 2026, 08.07 PM IST
Income Tax Department nudges taxpayers holding undisclosed foreign propertiesThe Income Tax Department is encouraging taxpayers to declare undisclosed foreign assets through the FAST-DS initiative. A new e-filing por...
26 Oct, 2026, 06.31 PM IST
Brazil's Lula opens state toolbox to woo voters in runoff against Bolsonaro. Here's what is on offerPresident Luiz Inacio Lula da Silva is campaigning against Flavio Bolsonaro in Brazil's upcoming presidential runoff election. Lula is prop...
24 Oct, 2026, 07.48 AM IST
Rs 1.79 lakh US tax credit under India-US DTAA denied over late Form 67 filing; ITAT Bangalore rules in man’s favourAn Indian taxpayer from Bangalore faced a setback when his foreign tax credit was denied due to late submission of Form 67. However, the IT...
24 Oct, 2026, 07.00 AM IST
FD rate up to 8.5% for senior citizens investing for five years; know the list of banksSenior citizens in India have exciting options for fixed deposits, with top banks enticing them with appealing interest rates. Leading the ...
24 Oct, 2026, 07.00 AM IST
Retired bank employee claims tax exemption on Rs 9.53 lakh leave encashment, faces income tax notice and wins full relief at ITAT JaipurAfter retiring from the State Bank of India, Chhaju found himself facing a tax exemption cap of Rs 3 lakh on his leave encashment totaling ...
23 Oct, 2026, 08.39 AM IST
Former Mumbai office boy wins tax battle over Rs 1.46 crore transactions linked to alleged KYC misuseIn a significant legal battle, former office boy Waghela challenged a disputed tax order linked to dubious financial practices. The Income ...
22 Oct, 2026, 05.45 PM IST
Income Tax Rules 2026: CBDT notifies Form 173A to claim exemption on interest, capital gains from government securitiesIn a significant update, the Central Board of Direct Taxes has rolled out Form 173A, effective from October 19, 2026, under the Income-tax ...
21 Oct, 2026, 12.35 PM IST
CBDT mandates new disclosures for tax-free gains on govt securitiesThe Central Board of Direct Taxes has introduced new disclosure requirements for taxpayers claiming exemptions. Taxpayers will need to prov...
20 Oct, 2026, 11.45 PM IST
CBDT makes Form 173A mandatory to claim tax exemption on interest and gains from government securitiesThe Central Board of Direct Taxes has introduced Form 173A for income-tax exemption claims. This new form includes detailed information to ...
20 Oct, 2026, 11.08 AM IST
Global investors against use of judicial anti-avoidance rule by tax officialsInternational investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. A...
19 Oct, 2026, 01.42 AM IST
How much gold and silver jewellery can you have in your home without getting into trouble with the Income Tax authorities?How much pure silver and gold jewellery can you have in your home without getting into trouble with the Income Tax authorities? To know the...
17 Oct, 2026, 10.16 AM IST
CBDT nudges 12,000 tax professionals to file pending audit reportsCBDT has launched the SAKSHAM NUDGE campaign aimed at tax professionals to encourage timely filing of tax audit reports. The campaign targe...
15 Oct, 2026, 12.22 AM IST