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HUF TAX LAW INDIA
Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT Chennai- This SGB delivers 190% return on premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.90 lakh
- ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax notices
- Income tax department slaps notices on foreign investors with no earningsForeign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax depa...05 Jul, 2026, 11.52 PM IST
- Rs 17 lakh income tax refund claim was denied as taxpayer did not e-verify ITR since he was busy taking care of late father; ITAT Delhi allows refund for this reasonA Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh ...04 Jul, 2026, 11.34 AM IST
- Father can't relinquish daughter’s share in ancestral property to son; Know the legal positionA father cannot legally sign away his daughter's rightful share in ancestral property to his son, the Andhra Pradesh High Court has ruled. ...04 Jul, 2026, 11.22 AM IST
- India waives customs duty, IGST on imported animals under UK trade pact from July 15India's latest policy change allows for customs duty and IGST exemptions on animals brought into the country for shows and public events st...04 Jul, 2026, 11.09 AM IST
- Hiring in India in 2026: How Employer of Record services simplify complianceIndia's burgeoning talent pool, now the third-largest globally, presents a strategic hiring challenge. With over two million professionals ...03 Jul, 2026, 06.18 PM IST
- NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) ActNew Delhi: Legal experts highlighted that the Insolvency and Bankruptcy (Amendment) Act 2026 mandates 'debt' and 'default' for NCLT case ad...03 Jul, 2026, 04.20 PM IST
- From being a trust to gaining trust: AIFs call for switch to LLP modelIndia's private equity and venture capital sector is pushing for a crucial structural change to attract more foreign investment. The indust...03 Jul, 2026, 10.32 AM IST
- Kusumgar's Rs 650-crore IPO to open on July 8; entire issue an OFSKusumgar's Rs 650-crore IPO will open for subscription on July 8, with the entire issue structured as an offer for sale. The engineered syn...03 Jul, 2026, 10.08 AM IST
- RBI tells parliamentary panel that virtual digital assets like cryptocurrency a threat to economyThe Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's devel...02 Jul, 2026, 11.15 PM IST
- Parliament Standing Committee on Finance to review Virtual Digital Assets; RBI, ICAI to take partParliament's Standing Committee on Finance is set to scrutinize the regulatory future of Virtual Digital Assets (VDAs) on July 2nd. The com...02 Jul, 2026, 09.24 AM IST
- Overcharged Rs 67 on shoe MRP, Bata ordered to refund student, pay Rs 2,000 compensation. Here's what happenedA law student's Rs 67 overcharge on shoes led to a significant ruling against Bata India by the Kerala Consumer Commission. The retailer wa...01 Jul, 2026, 11.21 PM IST
- India cuts windfall tax on diesel, raises petrol tax from JulyIndia has adjusted its windfall taxes on fuel exports, slashing duties on diesel and aviation fuel while increasing the tax on petrol expor...30 Jun, 2026, 09.29 PM IST
- 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...30 Jun, 2026, 07.26 AM IST
- Gaming founders appeal to GST Council for personal liability relief after Supreme Court rulingReal money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following...30 Jun, 2026, 12.05 AM IST
- ITR filing guide: Know when tax return filing is mandatory, who needs to file and who is exemptIndividuals and Hindu Undivided Families (HUFs) are required to file income tax returns (ITR) if their total taxable income before the appl...29 Jun, 2026, 01.06 PM IST
- 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 ...29 Jun, 2026, 11.22 AM IST
- Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to knowTaxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's tec...24 Jun, 2026, 05.05 PM IST
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