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ITR filing: Claimed capital gains exemption? The 3-year tax trap that may trigger income-tax noticesMany taxpayers wrongly believe that capital gains deposited in the Capital Gains Account Scheme (CGAS) become taxable only on withdrawal. T...- Why is it called Pickaxe Mountain, Iran's underground nuclear facility? Its significance, depth and challenges Donald Trump faces if he decides to bomb itPickaxe Mountain mountain's name originates from its Persian name Kuh-e Kolang Gaz La. The mountain has come into focus as US President has...
- WTO urges India to cut trade-restrictive measures reliance, New Delhi flags global non-tariff barriersWorld Trade Organization (WTO) Secretariat has urged India to improve its business environment and reduce reliance on high tariffs, import-...
- Jana SFB reports ₹169-crore gap in FY25 gross NPAsJana Small Finance Bank disclosed a ₹169 crore divergence in gross non-performing assets. The bank's reported GNPAs were lower than the Res...
- Tractor industry's volume growth likely to moderate to 1-4% in FY27: IcraTractor industry volume growth is expected to moderate to one to four percent this fiscal year. This moderation follows a strong growth of ...
- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...
- UTI AMC's V Srivatsa warns against midcap valuation, says risk-reward better in largecapsThe mid cap also is expected to grow in similar lines and trades at 50% premium to large caps. While the longer-term outlook for mid cap is...
- Parliament Watch: E-filing portal scales up as ITR rush peaks, LTCG mop-up jumps 79% to ₹1.29 lakh cr in AY26 & moreThe income tax e-filing portal has been upgraded to handle increased filings. Revenue from long-term capital gains rose significantly in as...
- Pilots' grouping ALPA India seeks suspension of Indian airlines' flights to West AsiaIn March this year also, the Airline Pilots' Association of India (ALPA India) had asked the Directorate General of Civil Aviation (DGCA) t...
- EU hits AliExpress with a record 550 million-euro fine over unsafe and counterfeit goodsThe European Commission has fined AliExpress 550 million euros for failing to stop unsafe products. This significant penalty is the largest...
- India says no proposal to offer long-term tax relief for domestic equity investorsIndia's finance ministry confirmed no plan to remove equity LTCG tax. This clarification follows recent tax easing for foreign investors in...
- AI is reshaping hiring, making evidence-based verification more critical: Millow's Karan BhattyAI is revolutionising Indian hiring by enhancing candidate preparation and employer verification processes. Companies now prioritise eviden...
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...
- Sleep deprived? Blame it on climate changeGlobal citizens lose seven nights of sleep annually due to warmer temperatures. Climate change directly causes about ten percent of this lo...
- Name appearing in builder's records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT saidCan the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party ...
- ITAT rules Cloudera Inc's software subscription revenue not taxable as royaltyThe ITAT has ruled that Cloudera's software subscription fees from Indian customers are not taxable in India as royalty or technical servic...
- China now has nearly 500 J-20 stealth fighters, says a report. Where does India's AMCA stand?China's J-20 stealth fighter fleet has significantly expanded, with estimates suggesting around 500 aircraft delivered. This rapid growth r...
- British Airways cannot claim treaty relief on India ground handling income: ITATThe Income Tax Appellate Tribunal (ITAT) has ruled that British Airways cannot claim India-UK tax treaty protection on income from providin...
- Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...
- Invested in foreign shares? Know how to file ITR with ‘relevant accounting period’ for reporting foreign assets in Schedule FA?Indian residents holding foreign assets must report them in Schedule FA. This reporting uses the calendar year ending December 31, 2025. As...
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