₹20.45 lakh cash deposits, ₹12.64 lakh capital gains from property sale questioned by Income Tax Department; here’s why woman wins relief at ITAT HyderabadA Telangana woman successfully challenged an income-tax dispute involving substantial cash deposits and a property sale. The ITAT Hyderabad...
29 Oct, 2026, 11.22 AM IST
Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are metIndians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the U...
29 Oct, 2026, 05.46 AM IST
Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...
29 Oct, 2026, 05.17 AM IST
Why is your Social Security taxed, and how much can you save? 5 ways to cut the bill and keep more retirement incomeMany American retirees pay federal taxes on their Social Security benefits, even after spending decades contributing to the system. For peo...
29 Oct, 2026, 12.41 AM IST
Out on parole, Asaram fails to return to Jodhpur jail on time; action initiatedThe Ratanada police registered a case against the convicted godman under the Prisons Act on Tuesday night for failing to surrender within t...
28 Oct, 2026, 09.34 PM IST
Rs 60 lakh cash gift from late husband: Widow gets income tax notice for'unexplained' credit - Know what ITAT ruledMs Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source...
28 Oct, 2026, 11.52 AM IST
Can income tax officials take your PPF savings for unpaid tax dues? Know what the law saysDealing with a tax demand? It's essential to grasp how the Income Tax Department can seize dues from different assets, while your PPF accou...
28 Oct, 2026, 06.30 AM IST
GST registration gets easier as CBIC drops Udyam proof, sets seven-day limit for approvalsThe Central Board of Indirect Taxes and Customs has issued clarifications regarding GST registration requirements for businesses. Companies...
27 Oct, 2026, 11.32 PM IST
Companies get more time to file FY26 financial statements, annual returnsThe corporate affairs ministry has extended the deadlines for submitting annual financial statements and returns for fiscal year 2025-26. C...
25 Oct, 2026, 04.25 PM IST
IRS is sending up to $5,000 per adopted child - could your family qualify?The IRS has started sending adoption tax credit refunds of up to $5,000 per child to eligible families. The payments target taxpayers with ...
25 Oct, 2026, 03.40 AM IST
Rs 1.79 lakh US tax credit under India-US DTAA denied over late Form 67 filing; ITAT Bangalore rules in man’s favourAn Indian taxpayer from Bangalore faced a setback when his foreign tax credit was denied due to late submission of Form 67. However, the IT...
24 Oct, 2026, 07.00 AM IST
FD rate up to 8.5% for senior citizens investing for five years; know the list of banksSenior citizens in India have exciting options for fixed deposits, with top banks enticing them with appealing interest rates. Leading the ...
24 Oct, 2026, 07.00 AM IST
UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should doIn the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income ...
24 Oct, 2026, 07.00 AM IST
GST return forms likely to be tweaked to curb mismatchesThe government is looking to revamp GST return forms to minimise discrepancies between reported sales and tax payments. Draft forms will be...
23 Oct, 2026, 12.00 AM IST
Income tax audit report deadline today: How to check whether your CA has uploaded report on e-filing portalDon’t miss the deadline on October 21, 2026, for filing tax audit reports for Assessment Year 2026-27! Taxpayers can verify their report up...
21 Oct, 2026, 03.21 PM IST
Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High CourtMr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales...
20 Oct, 2026, 08.22 AM IST
Rs 3.99 lakh penalty for under-reporting income and paying Rs 2 lakh less in income tax; ITAT Jaipur cancels penalty, know whyA man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings af...
16 Oct, 2026, 12.45 PM IST