The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...

Are you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...

Buyer purchased Rs 8.85 crore worth property by paying Rs 6.5 crore; Tax dept sent notice for unexplained property investment u/s 69B; Know...

Finance Minister Nirmala Sitharaman said UPI transactions will remain free for consumers, with most low-value payments also staying free. A...

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...

Tax -saving mutual funds or Equity Linked Savings Schemes (ELSSs) helps you to save income tax under Section 80C of the IT Act. You can inv...

CA Nitin Kaushik argues that blindly following the 70-20-10 budgeting rule could keep young Indians “stuck in the middle class.” He says hi...

The US treasury has stepped in to bolster the Japanese yen and several other currencies, signaling a potential decline of the dollar and hi...

In a significant regulatory shift, Sebi is set to increase the cap on the number of annual debt security ISINs maturing. This initiative is...

Finance Minister Nirmala Sitharaman labeled communists as "cowards" in the Rajya Sabha. She accused CPI(M) member John Brittas of spreading...

Chennai man sold property for Rs 94 lakh despite Rs 1.93 crore stamp duty value; so tax dept sent notice u/s Section 50C to tax the differe...

New rules are being prepared for electronic applications for lower TDS certificates. Taxpayers can soon apply online for reduced or nil tax...

Due to incorrect schedule in original ITR gratuity tax deduction under Section 43B denied; ITAT Chennai gives relief and says a genuine ded...

The issue related to a 2016 final partial award of $3.86 billion, including interest, in favour of oil ministry towards cost recovery and r...

Non-Resident Indians have the opportunity to secure their retirement through investment in the National Pension System (NPS). This program ...

India is closer to becoming a global rough diamond hub. A new tax exemption will attract foreign companies to trade rough diamonds. This me...

Selling Indian investments triggers capital gains tax for NRIs, with rules varying by asset type. Property sales offer significant tax redu...