Abolish LTCG, rationalise STCG, STT rates on equities: PHDCCI to Finance MinistryPHDCCI has recommended abolishing Long Term Capital Gains tax and modifying short-term capital gains taxes. The chamber suggests increasing...
29 Oct, 2026, 03.17 PM IST
US and Japan to establish a Japanese facility for joint missile productionThe United States and Japan have decided to establish a facility for joint missile production in a strategic partnership. Japanese Defense ...
29 Oct, 2026, 08.27 AM IST
Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are metIndians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the U...
29 Oct, 2026, 05.46 AM IST
United Spirits’ popular segment sales fall 22.7% as state policies squeeze marginsUnited Spirits reported a 22.7% decline in its popular liquor segment sales during Q2 FY2027. The decline was attributed to increased taxes...
28 Oct, 2026, 11.06 PM IST
Horoscope Today, October 28, 2026: Libra, Scorpio and Sagittarius Reconsider Relationships, Choices and Future PlansWednesday encourages Libra, Scorpio, and Sagittarius to focus on careful planning, partnerships, and workplace responsibilities. Libra shou...
27 Oct, 2026, 08.40 PM IST
Govt seeks investor and expert views on LTCG and STT as it reviews capital market levies amid FPI exodusThe government has initiated a reassessment of long-term capital gains tax and securities transaction tax. Stakeholders, including investor...
27 Oct, 2026, 08.30 AM IST
Supreme Court agrees to examine EY US plea in tax disputeA bench led by Justice PS Narsimha sought a response from the income tax department on appeals filed by Ernst & Young US LLP challenging a ...
27 Oct, 2026, 12.56 AM IST
Rs 1.79 lakh US tax credit under India-US DTAA denied over late Form 67 filing; ITAT Bangalore rules in man’s favourAn Indian taxpayer from Bangalore faced a setback when his foreign tax credit was denied due to late submission of Form 67. However, the IT...
24 Oct, 2026, 07.00 AM IST
UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should doIn the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income ...
24 Oct, 2026, 07.00 AM IST
India must avoid copying China's aggressive tax policies on private wealth and offshore assetsDeveloping economies often look to the US and China for cues on taxation, infra spending and policy. India, for one, must steer clear of em...
23 Oct, 2026, 12.46 AM IST
Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its ...
22 Oct, 2026, 08.10 AM IST
Global investors against use of judicial anti-avoidance rule by tax officialsInternational investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. A...
19 Oct, 2026, 01.42 AM IST
- India & Canada aim to close trade deal before Modi visit
"We are hoping to get there. We have another round of negotiation, as I mentioned, on November 9 back in New Delhi. So, I'll be bringing my...
17 Oct, 2026, 06.23 AM IST
NRI capital gains tax: When can you use the basic exemption limit to lower your income tax bill?For non-resident Indians, leveraging the basic exemption limit can help mitigate normal slab rate taxes on capital gains. However, it's imp...
16 Oct, 2026, 02.58 PM IST
Officials can deny benefits on Mauritius-routed investments if tax relief found sole motiveIndia has implemented a Principal Purpose Test in the India-Mauritius Double Taxation Avoidance Agreement. This test allows tax authorities...
15 Oct, 2026, 09.55 AM IST
India tightens Mauritius tax treaty rules to prevent misuse of tax benefits, effective August 10The Finance Ministry has unveiled an important amendment to the India-Mauritius Double Taxation Avoidance Agreement. Effective August 10, t...
14 Oct, 2026, 10.31 AM IST
When do you need a tax residency certificate to claim lower tax rate under DTAA for Tax Year 2026For Indians earning income from overseas, securing a tax residency certificate is essential to avail benefits under the Double Taxation Avo...
10 Oct, 2026, 01.26 PM IST