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DIRECT TAX VIVAD SE VISHWAS
Centre scraps TDS on aircraft lease rentals at IFSCsA significant tax relief has been granted to airlines, with India now exempting tax deducted at source (TDS) on aircraft lease rentals paid...- Charitable trusts get relief on 80G registrationCharitable trusts and institutions that missed the 80G registration renewal deadline have received a one-time reprieve from the CBDT. The t...
- Tax department steps up scrutiny of charitable trusts over disclosure mismatchesThe Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governan...
- India has Microsoft's market. Ireland has its profitsMicrosoft's inaugural public tax report reveals a stark disconnect between its global market presence and where profits are booked. While I...
- GST on subscription ride-hailing platforms like Rapido and Bharat Taxi may hit driver earnings: ReportA new report warns that extending GST to subscription-based ride-hailing platforms like Rapido could significantly impact drivers and passe...
- EPF Scheme 2026: Your provident fund is getting simpler, smarter and more digitalIndia's provident fund system has undergone a significant overhaul with the introduction of the Employees' Provident Fund Scheme, 2026, rep...
- German engine maker Everllence SE in talks for Indian manufacturing of two-stroke engines for shipsGerman marine engine giant Everllence SE is eyeing India for local manufacturing of its two-stroke engines for large commercial ships throu...
- Government extends CBDT chief Ravi Agrawal's tenure by 6 monthsRavi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), has received a six-month tenure extension, keeping him in the role unti...
- How Delta Exchange India makes crypto trading simple and affordableCrypto trading is booming in India's smaller cities, with Delta Exchange India emerging as a key player. The platform offers low fees, full...
- French Proverb of the Day: ‘Those who resemble each other…’ Popular saying on mutual interests and understandingA timeless French proverb beautifully explains our innate tendency to connect with like-minded individuals. This saying underscores how sha...
- ITR filing season AY 2026-27: Received Section 143(2) notice for AY 2025-26? What it means and how to respondAs Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...
- Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...
- Ram temple donation row: SC refuses urgent hearing on plea seeking fair probeThe Supreme Court has deferred an urgent plea seeking a time-bound probe into alleged embezzlement of Ram temple donations. Justices M M Su...
- Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...
- Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
- FIR lodged over Ram Temple donation 'fraud'Following a preliminary report by a Special Investigation Team, the Shree Ram Janmabhoomi Teerth Kshetra has filed an FIR with Ayodhya poli...
- Income tax dept identifies up to 20,000 cases of individuals who used the ‘swapped provisions’ trick to reduce net tax liability; Know what to do now to fix thisThe Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...
- Income Tax AY 2026-27: Even if your salary income is below Rs 12.75 lakh, you still need to pay tax for these incomesIncome Tax AY 2026-27: Salaried individuals earning up to Rs 12.75 lakh annually may enjoy zero tax liability due to enhanced Section 87A r...
- Filing ITR? Don’t ignore the ‘nature of employment’ field; it can affect NPS & retirement tax benefitsThe "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...
- Taxman to track slipping sectors & top tax payersThe communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Rese...
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