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CRYPTO TAX RULES 2026
INR exchange rate while filing ITR to report foreign assets: Use this reference rate to convert foreign currency into INR as prescribed under income tax rulesIndian taxpayers must report foreign assets in their Income Tax Returns for AY 2026-27. Foreign currency amounts require conversion to Indi...
Filing ITR this year? Don't miss these 10 major changes in ITR forms
Rs 1 lakh investment turns into Rs 3.57 lakh in gold bonds: SGB 2019-20 Series premature redemption date today, check if you need to pay capital gains taxSovereign gold bonds: The Reserve Bank of India has set the premature redemption price for SGB 2019-20 Series-VIII. This offers investors a...
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...
Rs 1 lakh Investment turns into Rs 2.98 lakh: Sovereign Gold Bond 2021-22 Series premature redemption date todayThe Reserve Bank of India has set the premature redemption price for SGB 2021-22 Series-IV. Investors can redeem these bonds prematurely fr...
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...
ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
Income Tax, MSME reforms among 7 key Bills on government's Monsoon Session agendaThe Centre will introduce five new Bills during the Monsoon Session. Key proposals include income tax reforms and increasing Supreme Court ...
India tightens Sri Lanka tax treaty with anti-abuse ruleIndia has amended its tax treaty with Sri Lanka to introduce a Principal Purpose Test (PPT), allowing authorities to deny treaty benefits w...
These property sellers may need to re-compute advance tax after delayed release of Cost Inflation Index for tax year 2026-27; here’s what to doProperty sellers may need to re-compute advance tax after the Cost Inflation Index release. This delay impacts individuals selling property...
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...
India Cost Inflation Index at 384 in FY27, up from 376 a year earlier, CBDT notifiesIndia's Central Board of Direct Taxes has set the Cost Inflation Index at 384 for the financial year 2026-27. This index is pivotal in gaug...
Binance marks nine years with $156 trillion in trading volume and 323 million usersFrom crypto exchange to a multi-asset financial platform, Binance has completed 9 years in operation. The years of growth, driven by its gl...
Pakistan cleric’s fatwa sparks multi-market crypto panicSome religious investors in key markets like Pakistan, India, and the UAE dumped their entire holdings over the past 48 hours, founders and...
EPFO Amnesty 2026 Scheme for PF trusts: Eligibility, benefits, application process and key rulesThe Employees' Provident Fund Organisation introduced a six-month Amnesty Scheme in 2026. This initiative allows employers to regularize th...
Income tax guide: Allowance and reimbursement exemption limits every salaried employee should knowSalaried employees should know income tax exemption limits for various allowances. Leave Travel Allowance is exempt for self and family tra...