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IRS TAX RELIEF DOCUMENTS
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Supreme Court rejects plea challenging Income Tax break to STs in North EastThe Supreme Court has declined to hear a petition questioning the income tax exemption for Scheduled Tribes in certain north-eastern states...
Telegram ban: HC asks government to present proof that justifies blockingDelhi High Court questioned the government's temporary ban on Telegram, imposed ahead of the NEET re-exam to curb cheating and fake paper c...
AI startup Pramaana Labs raises $27 million in seed funding led by Khosla VenturesPramaana Labs, an AI startup, has secured $27 million in seed funding. The company develops technology to ensure AI answers are mathematica...
Germany's Freelance Visa explained: Who can apply, eligibility criteria, documents required and how the process worksGermany's Freelance Visa offers a pathway for foreign nationals to live and work independently, catering to both 'Freiberufler' (liberal pr...
'Iran agrees to never have nuclear weapons,' says Trump after signing MoU with TehranPresident Trump announced Iran has agreed to never possess nuclear weapons, dismissing reports of a $300 million US payment as fake news. T...
Foreign investors may bet big on Indian stocks after regulatory clarity emergesIndia has opened its stock markets to direct investment by foreign individuals, aiming to broaden capital sources beyond FPIs. While a long...
Canada eases work permit rules for provincial nominee applicants awaiting permanent residencyCanada has implemented temporary measures allowing certain Provincial Nominee Program applicants and their spouses to obtain work permits s...
Iran's Pezeshkian calls US-Iran MoU 'a document of national pride' as Geneva signing nearsIran and Washington have agreed to a memorandum of understanding. This document outlines future engagement between the two nations. Sanctio...
Trump terms $300 billion fund to rebuild Iran as 'fake news'US President Donald Trump has dismissed claims of Washington paying Iran a massive sum. Reports suggested a $300 billion fund for investmen...
Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...
Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
Call to extend duty cuts on critical inputs soonIndia is set to decide on extending customs duty relief for critical raw material imports beyond June 30. An inter-ministerial panel will r...
Salaried employees beware! These 5 mistakes during ITR filing can trigger unexpected tax demandsWith the ITR filing season for AY 2026-27 now underway, many salaried taxpayers who faced TDS shocks in the last quarter of FY 2025-26 are ...
Paying rent above Rs 50,000? Failure to deduct TDS can make you an assessee in default; know what to doTenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...
Indian-American arrested in California for allegedly defrauding bank of $100 millionAn Indian-American man, Mahender Makhijani, was arrested in California for allegedly defrauding a bank of nearly $100 million. He is accuse...
IRS tax refund news June 2026: Which taxpayers qualify for delayed refunds and when could payments arrive?More than $3,400 is the projected average IRS tax refund for many eligible filers this year, making tax refund updates one of the most sear...