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ANTI TAX AVOIDANCE RULE
Didn’t report FD interest in your ITR? Here’s how you can still correct the mistakeMissed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receiv...
Husband has to pay income tax on wife’s earnings from FD, gold, shares under clubbing of income in these casesITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sou...
What is behind South Africa's anti-immigrant protests?South Africa faces escalating anti-immigrant sentiment, with protesters demanding undocumented foreigners leave. Despite claims of being ov...
Mumbai IT professional claims Rs 3.91 lakh TDS, gets only Rs 79,000 and Rs 3.36 lakh tax demand as employer failed to deposit tax; here's what happened nextITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...
ITR filing 2026: Avoid these 8 costly mistakes before you submit your tax return
Senior citizen mistakenly paid tax on tax-free VRS compensation; wins complete relief from ITAT Chennai on this groundA senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...
Nirjala Ekadashi 2026 Fasting Rules: What You Can and Cannot EatNirjala Ekadashi, falling on June 25, 2026, is considered the strictest and most spiritually powerful Ekadashi fast dedicated to Lord Vishn...
Did you put an FD in your wife's name? A step-by-step guide on how to claim the tax credit back in your ITR
ITAT: Accrued interest component on non-convertible debentures sales is taxable as interest incomeThe ITAT has held that the accrued interest component embedded in sale proceeds from non-convertible debentures cannot automatically be tre...
On ESOP value over US$ 60,000 US estate tax up to 40% can be levied after death of even a non-US resident; Here’s how to manage its impact on legal heirsIndian professionals holding US ESOPs and RSUs face a significant risk of up to 40% US estate tax on assets exceeding $60,000 after their d...
Banned Tennis player Vondrousova insists she has 'never doped'Former Wimbledon champion Marketa Vondrousova insisted she "never doped" after an anti-doping watchdog had banned her from tennis for four ...
Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...
Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
A tax-law argument could make or break Trump's H-1B $100,000 planA US court blocked a $100,000 H-1B visa fee, deeming it an unconstitutional tax imposed by presidential authority without congressional app...
Sena vs Sena: Six rebel MPs from Uddhav Thackeray's faction join ruling Shiv Sena in Eknath Shinde's presenceMaharashtra's political landscape is in flux as six Shiv Sena (UBT) MPs defected to the Eknath Shinde faction, intensifying uncertainty for...
People gravitating towards power, I merely followed trend: Rebel Sena (UBT) MP RajenimbalkarRebel Shiv Sena (UBT) MP Omprakash Rajenimbalkar defended his move to the ruling Shiv Sena, stating he's following people's inclination tow...
'If you're struggling in life, do this': Advice from Bryan Johnson, the man who says he won't dieTech mogul Bryan Johnson, a proponent of biohacking, offers simple life-changing advice: eat early, disconnect from screens, read before be...
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
What is DTAA? How to avoid double taxation on foreign income and claim tax credit in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
Sena (UBT) crisis: Operation successful, says Fadnavis; I never leave operations incomplete, asserts ShindeMaharashtra Chief Minister Devendra Fadnavis declared "Operation Tiger" successful, indicating defections from the Shiv Sena (UBT) to the E...