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CHINESE COMPANIES TAX EXEMPTION INDIA
Taxpayers fret over loose ends in amnesty scheme, seek CBDT clarity on foreign asset disclosure rules as deadline nearsMany taxpayers are unsure if they need to report various accounts due to ambiguous regulations. Clarification is being sought from the Cent...
Indian parents getting US residency? 6 financial implications to consider before applyingInvestments in bank accounts, mutual funds, shares and other assets will have to be reviewed and modified. It is illegal under India’s FEMA...
Chinese companies providing overseas services to Indian subsidiaries may escape tax: ITATIn a landmark decision, the Delhi Income Tax Appellate Tribunal has determined that Chinese firms offering services from overseas are not l...
Rs 8.02 lakh leave encashment tax exemption denied: Retired employee wins case in ITAT SuratRetiree Mr. Patel from Bharuch, Gujarat, sought a complete tax exemption on Rs 8.02 lakh of leave encashment. Initially, his company certif...
FD rate up to 8.6% for senior citizens investing for five years; know the list of banksSenior citizens can invest in fixed deposits with interest rates reaching up to 8.6%. Suryoday Small Finance Bank leads with these attracti...
Can the government remove LTCG on mutual funds in Budget 2027? Here’s what experts saySEBI has repotedly proposed tax relief for domestic mutual fund investors ahead of Budget 2027. The proposal aims to exempt investors from ...
Incorrect HRA or deduction claims? How Section 270AA may offer relief from 200% penaltyIncorrect tax claims may expose taxpayers to a 200% penalty for misreporting and prosecution in appropriate cases. Section 270AA offers con...
CBDT issues new clarification on BSNL-MTNL VRS-2019 compensation: Will it affect retirees' income tax benefits?The CBDT issued a notification clarifying that ex-gratia compensation for BSNL and MTNL VRS-2019 is not retrenchment compensation. This com...
Iran lifts Hormuz transit curbs for ships from India, China, Iraq and Qatar, could ease pressure on India’s oil and gas supplyIran has announced the lifting of transit restrictions for vessels from India, China, Iraq, and Qatar. This decision aims to enhance region...
- HDFC Bank to offer deposits under Capital Gains Accounts Scheme
HDFC Bank has received government authorisation to offer deposits under the Capital Gains Accounts Scheme (CGAS), 1988. The facility will a...
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appealsFICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlig...
Gold jewellery at home: How much can you keep without fear of Income Tax seizure?People can legally own gold without a prescribed maximum quantity if they explain its source. The Income Tax Department has guidelines rega...
LTCG tax relief for these mutual fund investors proposed by SEBI; know how switching funds for portfolio rebalancing can save taxThe Securities and Exchange Board of India (SEBI) has put forth a proposal to exempt long-term capital gains tax for investors who switch m...
FPIs pour Rs 21,715 crore into Indian stocks in 10 days; is record sell-off finally reversing?Foreign portfolio investors infused $2.29 billion into Indian equities over 10 days, signalling improving sentiment. Strong corporate earni...
LTCG abolition may cost just Rs 40,000–50,000 crore, SBI estimates showSBI Research estimates that abolishing long-term capital gains (LTCG) tax would cost the government just Rs 40,000–50,000 crore in FY27, fa...
How are equity investments taxed in India? A guide to capital gains taxIn a bid to invigorate domestic and foreign mutual fund investments, India's Securities and Exchange Board has put forth recommendations fo...
Sebi backs removal of LTCG tax for foreign investors: ReportTo boost foreign investment interest, India's Securities and Exchange Board has put forth a proposal to scrap long-term capital gains tax f...
Sold property? You may pay zero tax if these Section 82 rules under Income Tax Act 2025 are metFor Tax Year 2026-2027, Income Tax Act, 2025 is applicable and this means you need to be versed with the renumbered Sections in order to co...
Income Tax 2026: 3 key changes in deductions & exemptions every taxpayer must knowThe Finance Act, 2026 outlines significant changes in income tax deductions and exemptions for Tax Year 2026-27. Non-resident individuals w...
Tax-wise, $-foolish: Saving Dalal Street could come at a cost to Startup StreetIndia's financial landscape is experiencing pressure with foreign portfolio investors becoming net sellers in the market. There are discuss...