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ITR 2026: Increased disclosure requirements for overseas investments and foreign assets—are Indian taxpayers ready?Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks necessitate accurate ...- ITR filing 2026: NRIs need to file Schedule FA in ITR to declare foreign asset for AY 2026-2027 in this caseResident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax retur...
- 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 ...
- Ben Lamm and Colossal Biosciences: The billionaire tech founder behind the $10 billion plan to bring back extinct animalsTech entrepreneur Ben Lamm is spearheading Colossal Biosciences, a company aiming to bring back extinct species like the woolly mammoth thr...
- 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...
- Relief for taxpayers in income tax search and requisition cases as government amends the Finance Bill 2025Income Tax: The govt said: "The word ‘total income’ has been replaced with ‘total undisclosed income’ in the marginal heading and in sub-se...
- I-T department carries out search and seizure operations on real estate firm in Srinagar and DelhiTotal undisclosed investments and cash transactions of Rs 105 crore of the group, have been unearthed during the search, the Central Board ...
- Raids in premises of southern spiritual guru leads to big haul of Rs 500 cr plus undisclosed incomeSearches conducted by the Income Tax department in multiple premises spread across Southern States in firms and trusts founded by spiritual...
- Your assets not hidden from us: I-T dept to black money hoardersUnder the PMGKY, undisclosed income deposited in any bank or post office account can be declared by paying 50 per cent of it in taxes and s...
- Smart things to know about taxation of investment under PMGKYPradhan Mantri Garib Kalyan Yojana will allow people to deposit previously untaxed money by paying 50% of the total amount.
- Proposed black money tax changes decoded: What you need to knowThe government has offered the carrot – the least tax option of the Garib Kalyan Yojana – and shown the stick: the hiked tax and penalties.
- Smart things to know about Income Declaration Scheme 2016Income Declaration Scheme 2016 is an opportunity for those who didn’t disclose income or pay taxes thereon in the past.
- Black money: Disclosures made under compliance window to be confidentialFinance minister Arun Jaitley in his budget had announced a four-month window to come clean by paying 30% tax plus a penalty of 7.5% and a ...
- Black money compliance window disclosures to be kept secretIt also provides for such "classified material" not being produced or used in court except in order to institute or assist in the course of...
- Ubiquitous Foods secures an undisclosed amount in funding from Kalaari CapitalEatfresh is a full-stack player offering Indian and international cuisine in a daily rotating menu across 20 locations in Bengaluru.
- No action under FEMA for disclosures during black money windowGovernment has clarified that all those declaring overseas assets during the black money compliance window will not face any penalty.
- Black money law: Foreign property to be taxed at current priceIndians having undisclosed property abroad will have to pay tax and penalty on the basis of the current market value of the asset.
- Wind energy sees some activity in IndiaGoyal MG Gases, an Indian manufacturer and supplier of industrial gases, acquired an 11.2 MW wind project from DLF for Rs 29. city Kolkata ...
- $6.1 billion invested in second hand vessels during H1Ship owners have increased their spending during the second quarter of 2012, bringing their total investment value of second hand vessel pu...
- Lilliput to sell stake to TPG Growth for Rs 115 croreKidswear maker and retailer Lilliput today said it will sell an undisclosed stake to private equity firm TPG Growth for around Rs 115 crore.
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