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INDIA BLACK MONEY
NRI can’t sell Indian property before October 1, 2026 if buyer does not have TAN; Know how to apply for TAN online- Is severance pay received under a VRS taxable for all employees? Know what the Income Tax law says
- Rs 2.25-crore notice under Black Money Act to Delhi couple over Singapore, British Virgin Islands assets: ITAT Delhi gave full relief to taxpayer, know why
- Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadlineIndia's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on ...25 Aug, 2026, 03.32 PM IST
- Selling inherited property? Know who is liable to pay income tax on capital gains and how heirs can claim tax reliefSelling inherited property? Know who among the brothers and sisters are liable to pay capital gains tax on it and how to claim tax relief.24 Aug, 2026, 05.00 PM IST
- Karol Bagh man had foreign bank accounts, FD in Singapore, no ITR disclosure; income tax dept sent black money notice, but ITAT Delhi cancelled the notice for this reasonBlack money notice sent to man with Singapore FD and current bank a/c in his name and no ITR declaration; Know how he won case in ITAT Delh...24 Aug, 2026, 04.14 PM IST
- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...24 Aug, 2026, 11.22 AM IST
- A feast of flair: At the ET World Leaders Forum dinner, big names made elegant style statementsThe ET World Leaders Forum featured a diverse buffet alongside discussions. Leaders enjoyed dishes like Phyllo Money Bags and Vegetable Pit...24 Aug, 2026, 01.20 AM IST
- Manipur honours Mirabai Chanu, Glasgow Commonwealth Games medallistsManipur Chief Minister Yumnam Khemchand Singh honored Commonwealth Games athletes. He also distributed appointment letters to National Game...22 Aug, 2026, 05.46 PM IST
- Unsuspecting landowner got income tax notice as his land was sold for Rs 6.82 crore cash by someone via forged sale deed; he fights back and wins tax case in ITAT Ahmedabad on this groundFor Rs 6.82 crore cash notorious land grabbing gang sold land via forged sale deed with forged signature of landowner; however landowner go...20 Aug, 2026, 05.08 PM IST
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...19 Aug, 2026, 10.44 AM IST
- State can't take life arbitrarily or without dignity: Supreme CourtThe Supreme Court ruled that state execution powers are not arbitrary. The method of execution must uphold human dignity and minimize suffe...18 Aug, 2026, 07.45 PM IST
- SC upholds hanging as mode of death penalty; dismisses PIL for alternative way to execute death row prisonersThe Supreme Court has dismissed a plea seeking an alternative method of execution for death row convicts, rejecting the challenge to hangin...18 Aug, 2026, 01.53 PM IST
- SC notice to Centre, states on plea to confiscate property of offenders in paper leak casesThe Supreme Court is seeking government responses on confiscating offender property in exam paper leak cases. A Public Interest Litigation ...18 Aug, 2026, 12.49 PM IST
- NRI bought life insurance policy in Dubai from a foreign insurer, got maturity proceeds after returning to India, his claim for tax exemption was denied; he won the case in ITAT for this reasonAn Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life ...18 Aug, 2026, 07.00 AM IST
- Election black money cases must be probed faster, says Supreme CourtThe Supreme Court mandated swift conclusion of criminal cases involving election-related black money. Authorities must report cash seizures...17 Aug, 2026, 10.57 PM IST
- Praggnanandhaa draws with Aronian; remains joint 2nd with 3.5 ptsIndian Grandmaster R Praggnanandhaa secured another draw against Levon Aronian in the Sinquefield Cup. He remains in joint second place wit...17 Aug, 2026, 03.15 PM IST
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...15 Aug, 2026, 12.02 PM IST
- Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...15 Aug, 2026, 10.07 AM IST
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...12 Aug, 2026, 11.03 AM IST
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