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US TAX RESIDENCY AFTER LEAVING AMERICA
5.0-magnitude earthquake shakes Spain’s tourist hotspot GranadaA 5.0 magnitude earthquake struck Granada, Spain, causing damage to buildings. The tremor occurred early Saturday morning, waking residents...15 Aug, 2026, 03.48 PM IST- Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by Decembe...15 Aug, 2026, 12.24 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
- Britain ordered this Dorset village to evacuate in just 28 days in 1943; its land helped prepare for the largest seaborne invasion in history, but residents never returnedDuring World War Two, a village in Dorset was emptied to facilitate military training sessions. The locals held onto the hope of returning ...15 Aug, 2026, 10.22 AM 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
- US wants Netanyahu to condemn settler siege in Palestinian village, officials sayUnited States officials are pressing Israeli Prime Minister Benjamin Netanyahu to condemn a settler siege. Settlers have besieged Palestini...14 Aug, 2026, 05.21 PM IST
- NRI used NRE account to buy Rs 79 lakh property, got ‘unexplained cash’ tax notice; ITAT Ahmedabad grants full reliefNRI used money from his NRE bank a/c to buy property for Rs 79 lakh, files no ITR; tax dept sent notice for unexplained cash; he wins case ...14 Aug, 2026, 01.24 PM IST
- Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffsA new US report claims countries route exports through third nations to avoid tariffs. This practice, known as transshipping, costs the Uni...13 Aug, 2026, 10.14 PM IST
- Hidden risks of FCNR (B) deposit investment and leverage: Why high interest rates may not tell the full storyFCNR(B) deposits have become attractive to investors looking for significant returns in US dollars, largely thanks to government hedging st...13 Aug, 2026, 04.16 PM IST
- Who is Alina Habba? The Trump confidante who could move from the courtroom to the White House briefing room after Karoline Leavitt’s exitWhite House press secretary Karoline Leavitt has taken the unexpected step of resigning from her role, stirring speculation about her succe...13 Aug, 2026, 11.44 AM IST
- Harvard graduate leaves 9-to-5 job after a decade, reveals why she chose freedom over a regular salaryAfter nearly ten years in a conventional 9-to-5 job, Harvard alumna Charmie Kapoor has embraced the liberating freedom of leaving the corpo...13 Aug, 2026, 11.10 AM IST
- Income tax for senior citizens: No salary after retirement? These 7 incomes can still attract tax; know what is exemptRetirement is not synonymous with tax freedom. Your pensions, interest income, rental earnings, and capital gains may still incur taxes. It...13 Aug, 2026, 10.47 AM IST
- Delhi HC pauses judges’ ITR processing amid tax exemption rowThe Delhi High Court has halted the processing of judges' income tax returns. This action stems from a dispute over certain allowance exemp...12 Aug, 2026, 04.21 PM IST
- How should my NRI children disclose gifts received from relatives in ITR-2?ET Wealth Reader's Query: My two NRI children are unable to find a field in ITR-2 to disclose gifts received from relatives. The Income Tax...11 Aug, 2026, 12.27 PM IST
- A ghost town disappeared beneath 60 feet of water after Hoover Dam was built; Lake Mead’s decline is bringing it back to lifeA submerged ghost town named St. Thomas is reappearing as Lake Mead's water levels drop. This former Mormon settlement was flooded after th...10 Aug, 2026, 10.51 PM IST
- The Wealth Company launches GIFT City Fund to offer overseas investors India mutual fund exposureThe Wealth Company has launched an open-ended Category III AIF in GIFT City, offering eligible non-resident investors, including NRIs, a US...10 Aug, 2026, 05.47 PM IST
- US to expand incentives for employers offering paid family leaveThe US Treasury Department will announce new guidance expanding employer paid family leave incentives. This policy centers on an expansion ...05 Aug, 2026, 06.21 PM IST
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