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Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...- Man sold unlisted shares, bought Rs 5.65 cr house, faced income tax scrutiny; he fought back and won in ITAT Delhi despite low income declarationMr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...
- Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...
- New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITRIndian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...
- 401(k) to gold IRA rollover 2026: Why investors are shifting retirement savings into physical gold protection?Retirement investors are rapidly searching for 401(k) to gold IRA rollover strategies as economic uncertainty grows across the United State...
- Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reasonA Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled...
- The dashboard setting that clears windshield fog faster, and why warm air plus A/C works better than people expectWindshield fogging, a common driver frustration, can be quickly resolved by using the air conditioning, even in cold weather. Automakers ex...
- ITA Airways to raise ticket prices, sees no flight cuts from fuel costsITA Airways will not cut flights despite rising jet fuel costs, with 80% of its 2026 needs hedged. The airline plans a 5% to 10% fare incre...
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- We hear Indian athletes running away when there's doping control: International Testing Agency headThe International Testing Agency (ITA) has raised concerns about doping in India. Athletes are reportedly receiving advance notice of tests...
- Wipro is buying back shares at Rs 250. What your tax bill looks like depends on this factorWipro's share buy-back offers Rs 250 per share, a premium over market price. New tax rules effective April 1, 2026, treat buy-back proceeds...
- From FAANG to BATMMAAN: the new acronym driving global tech investing, says Niteen DongareGlobal investors are shifting focus from FAANG and Magnificent 7 to broader innovation, embracing the BATMMAAN acronym for AI, semiconducto...
- How a Child’s Skull Found in a Quarry Changed the Story of Human OriginsA child's skull discovered in a South African quarry in 1924 changed human history. Named the Taung Child, this fossil proved Africa is the...
- Airline company Lufthansa cuts 20,000 flights as war squeezes fuel prices and suppliesLufthansa Group is cancelling 20,000 short-haul flights until October. This move aims to save jet fuel amid soaring oil prices. The war in ...
- Italy's ITA Airways to expand direct flights to India, Thailand amid Mideast warItalian flagship airline ITA Airways said Tuesday it was increasing direct flights to India and Thailand this August, as the Iran war disru...
- WTO accepts request of India, Taipei to defer ICT import duty dispute ruling until Oct 2026India and Taiwan have secured a delay in a WTO ruling on India's import duties for certain IT products. The decision is now postponed until...
- French Proverb of the Day: 'Truth is more valuable if it takes you a few years to find it'—A French Proverb that redefines understandingA French proverb highlights that truth gains value through the journey of discovery. It suggests that understanding, not just knowing, requ...
- Price hikes, outlook cuts - What airlines are doing as fuel costs surgeGlobal air travel faces significant disruption due to the Iran war, leading to widespread flight cancellations and suspensions across the M...
- ITR changes from April 2026: 5 key updates for Tax Year 2026–27 explainedStarting April 1, 2026, new Income Tax Act and Rules bring significant changes for Tax Year 2026-27. Key updates include extended ITR due d...
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