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ESOP REPORTING TAX PENALTIES
ESOPs, Crypto and two other disclosures you must make in Schedule FA of the ITR for AY 2026-2027Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...
- ITR filing 2026: CBDT takes these steps to prevent portal glitches before July 31 deadlineITR filing 2026: The government has addressed concerns regarding the income tax e-filing portal's performance. While usage has increased, t...
- Seoul Semicon’s India plans; Specialty healthcare attracts VCsSouth Korea's Seoul Semiconductor is planning a manufacturing foray in India. This and more in today's ETtech Top 5.
- Scapia announces Rs 20 crore Esop buybackTravel fintech Scapia has launched a Rs 20 crore employee stock ownership plan buyback. Eligible employees can now sell up to ten percent o...
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...
- ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
- Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
- RBI imposes penalties on Muthoot Finance, 5 others for compliance violationsThe Reserve Bank of India has imposed penalties on six financial companies. Muthoot Finance received a Rs 5.80 lakh fine for risk managemen...
- Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...
- Have an inactive foreign bank account? You may still need to disclose it in your ITR for AY 2026-27Indian taxpayers must report dormant foreign bank accounts in their ITR. This requirement applies even if accounts have zero balance and no...
- ITR 2026: Common income tax return filing mistakes that cost employees lakhsA careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...
- Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...
- ITR 2026: Increased disclosure requirements for overseas investments and foreign assets—are Indian taxpayers ready?Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks necessitate accurate ...
- What happens if you miss July 31, 2026, ITR filing deadline? Why you should not miss this due dateThe belated Income Tax Return filing deadline for AY 2026-27 is December 31, 2026. Missing this date can result in losing tax refunds and i...
- Income tax penalties explained: Under-reporting, not furnishing ITR, and more -Defaults and penalties under different sectionsIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
- HDFC Bank's highest-paid execs in FY26: Deputy MD Bharucha takes home ₹17.14 cr while MD & CEO Jagdishan receives ₹15.13 crHDFC Bank executives saw salary increases in fiscal year twenty twenty-six. Deputy Managing Director Kaizad Bharucha earned seventeen point...
- GST Tax officer can allege fraud first and prove it later, Rules Madras High Court; Why this matters to every taxpayerGST officers can now issue fraud notices with a reasonable basis. Proof of fraud is not required at the initial notice stage. Businesses mu...
- Anand Rathi Wealth Q1 Results: Profit rises 24% to Rs 116 crore, revenue grows 18%Anand Rathi Wealth reported a 24% rise in Q1FY27 profit to Rs 116 crore and 18% revenue growth to Rs 336 crore. Assets under management cro...
- ITR filing 2026: NRIs need to file Schedule FA in ITR to declare foreign asset for AY 2026-2027 in this caseResident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax retur...
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