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UK TAX LAWS
To win the deep-tech race, India needs ‘General Innovation Rules’India is launching ambitious science initiatives. However, current financial rules designed for conventional procurement hinder R&D. A new ...- Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
- Selling property in England after the owner's death? Legal heirs may need Probate of Will or Letters of Administration firstLegal heirs in England and Wales require a Grant of Probate or Letters of Administration to sell property and manage a deceased person's es...
- Own assets in India and England? Why experts say you should make two separate Wills immediatelyIndividuals with assets in both India and England are advised to create separate Wills to ensure proper distribution and avoid legal challe...
- Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund caseIndian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky ...
- UK’s steel curbs emerge as an early hurdle for FTA with India ahead of roll-out. Is there a way out?The UK has extended safeguard measures on select steel imports; starting from July 1, 2026, it will reduce tariff-free quotas by 60% and im...
- Have assets in the USA or UK? Why an Indian Will alone may not protect your heirsIndian families with assets in the USA and UK need robust succession plans. A single Indian Will may not suffice for overseas properties. E...
- Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...
- Audit firms count the cost as India looks to tighten rulesThe landscape of corporate governance in India is on the brink of transformation, with new proposals potentially establishing some of the h...
- Bombay HC quashes Rs 1,524 crore proposed GST demand on Tata Sons in Docomo arbitration payout caseThe Bombay High Court quashed a Rs 1,524 crore GST demand against Tata Sons, ruling that payments made to NTT Docomo as an arbitration awar...
- Quote of the day by Margaret Thatcher: “Watch your thoughts, for they will become actions. Watch your actions, for they’ll become....” Can your habits predict your future? Discover Iron Lady’s secret psychological blueprint to master your thoughts, fix daily mistakes, and unlock a hidden destinyMargaret Thatcher quote of the day: Your mind is a silent architect. Margaret Thatcher knew that a single thought, repeated, becomes a land...
- HNIs eye Greece residency as alternative to Dubai optionAffluent Indians are increasingly eyeing Greece as a destination for permanent residency. The motivations behind this trend include evolvin...
- Trump unveils 100% tariff on some patented drugs on 'Liberation Day' anniversaryPresident Donald Trump has signed an executive order introducing significant pharmaceutical tariffs. Companies failing to strike pricing de...
- Door's open, yet foreign law companies stay on the fenceRegulatory uncertainty, tax ambiguity and thin margins have kept foreign law firms from launching offices here despite market liberalisatio...
- NRIs tax alert: March 31, 2026 is the deadline to claim foreign tax credit using Form 67 for income earned in FY 2024–25Non-Resident Indians earning income abroad in FY 2024-25 have a crucial deadline. They must file Form 67 by March 31, 2026. This form is es...
- Billionaire Lakshmi Mittal quits UK for Switzerland, Dubai ahead of proposed taxes on super-richSteel magnate Lakshmi Mittal is leaving the UK for Switzerland and Dubai, citing concerns over the Labour government's tax reforms, particu...
- UK opposition questions tax status of Narayana Murthy’s daughter“Akshata Murty is a citizen of India, the country of her birth and parent's home,” the spokesperson said. “India does not allow its citizen...
- Ex-official defends govt’s position on Vodafone tax, says amendment just clarified standThe official said while the International Court of Arbitration relied on the Supreme Court decision that the 2007 deal between Vodafone and...
- India-born Reuben brothers in UK's new Tax Haven Elite listThe Reuben brothers, who were born in India to a wealthy Iraqi-Jewish family before moving to Britain in the 1950s, made their fortune in m...
- UK law firms may have to pay tax on all profits from India opsA ruling by the Mumbai bench of Income-Tax Appellate Tribunal (ITAT) could result in UK-based law firms having to pay more tax in India. NR...
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