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CONSULTANT TAXATION
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...
Kerala liquor policy to be decided after talks with coalition parties, says Kerala Revenue Minister A P Anil KumarKerala Revenue Minister A P Anil Kumar stated that any policy on tax cuts for low-alcohol beverages will be decided after internal UDF disc...
Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However,...
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 ...
Sebi plans buyback via SEs again, easier MF borrowing rulesSebi is set to overhaul buyback rules, potentially reintroducing stock exchange routes and easing merchant banker requirements. Mutual fund...
IT needs selectivity, not blind bargain hunting; Energy, defence and healthcare offer better opportunities: Gurmeet ChadhaMarket expert Gurmeet Chadha advises investors to be selective in the IT sector, despite attractive valuations, focusing on stock-specific ...
At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
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...
New NPS withdrawal plan: Retirement Income Scheme offers an orderly exit, but no return guaranteeThe Pension Fund Regulatory and Development Authority (PFRDA) has introduced the Retirement Income Scheme (RIS) under NPS, allowing retiree...
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...
Jane Street may take Singapore route to sort out India tax rowWith the Income Tax (I-T) department questioning the tax benefits it had claimed, the Wall Street firm is understood to be working on initi...
“AI Is not a fortune teller”: Rahul Ghose on the limits of algorithmic investingSynopsis - With AI increasingly entering the investing space, Rahul Ghose discusses how platforms like Hedged.in are using technology to im...
India explores steps to mobilise dollar inflows as rupee slides, sources sayIndia's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabili...
Warren Buffett: Why ‘risk’ doesn't mean what Wall Street says it meansIn a letter to shareholders, Warren Buffett declared war on one of finance's most sacred concepts: Beta. The academics had it backwards, he...
Karnataka plans excise policy that aims to cut alcoholic beverages consumption by 8-9% over six yearsKarnataka has released a draft excise policy proposing to cut alcohol consumption by 8–9% over six years, while shifting towards lower-stre...
From Rs 6.8 lakh to Rs 4.5 lakh: Redditor explains how to save Rs 2.3 lakh in income tax in a year legallyA Redditor demonstrated significant income tax savings under the new regime by strategically restructuring their salary with components lik...
You have pension income and consultancy income; here's the exact ITR form you should be filing
Concerns settled, share buybacks could flow via exchanges againSebi is proposing to bring back share buybacks via stock exchanges. This reverses a decision made a year ago. New tax rules have resolved e...
Taxation reforms: CBDT to hire a private consultant for recastThe consultant would advise the Central Board of Direct Taxes on restructuring, bringing in an outsider’s perspective to the department tha...
- Taxation: Pros and cons of being a consultant
The deduction of work-related expenses and depreciation on assets can lower the taxable income of a consultant significantly. But they are ...