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EXECUTIVES EARNINGS UNDERREPORTING
New $25,000 tip tax deduction explained: who qualifies and how to claim itThe new $25,000 tip tax deduction applies from 2025 through 2028. File IRS Schedule 1-A to claim it. Only voluntary tips qualify. Income li...- High salary earners getting ‘nudge’ notices from Income Tax Dept? Here’s why you received it and what action to take nowHigh salary earners are receiving 'nudge' notices from the Income Tax Department. These notices prompt employees to correct errors like und...
- Income Tax Department sends notices to many senior executives earning over Rs 50 lakh for alleged misuse of exemptionsTax authorities are scrutinizing top executives for income underreporting and false claims. Notices have been issued to CEOs and MDs of mul...
- Man gets tax notice of Rs 18 lakh for buying land at low price, ITAT Ahmedabad quashes it; here's whyThe Ahmedabad branch of the Income Tax Appellate Tribunal has issued a pivotal judgment, reaffirming that agricultural land retains its sta...
- This social-media stock plunges 20% today as unexpected tax charges and rising AI spending shake investor confidence — Facebook, Instagram, and WhatsApp growth sparks market concernPinterest stock plunged 20% after reporting weak Q3 2025 earnings and issuing a disappointing holiday outlook. The social media giant’s adj...
- If our cities are to deliver ease of living and doing business, they must start with cleaner ledgersThe urban landscape of India is marred by systemic issues largely driven by disorganized financial practices. To pave the way for more effe...
- IndusInd Bank utilizes Rs 1,325 crore contingency buffer amid accounting lapses and bad loan underreportingIndusInd Bank addressed financial discrepancies in the March quarter. The bank used its contingency buffer to manage the impact. Accounting...
- Nissan seeking new partners with Honda deal set to collapseNissan Motor Co. is likely ending negotiations to form a joint holding company with Honda Motor Co. and is seeking a new technology sector ...
- I-T lens on Rs 10,000 crore tax evasion by online sellers; ED show cause notice to Byju’sThe income tax department reportedly uncovered tax evasion of around Rs 10,000 crore over three years by online retailers using social medi...
- Is AIS fully reliable for ITR filing? It will not show these interest incomesAIS or Annual Information Statement (AIS) is a statement launched by income tax department in November 2021. The aim was to provide consoli...
- Things aren’t as bad as you think: Byju Raveendran tells employees; I-T dept follows social media influencersDespite his eponymous edtech facing a series of setbacks, founder and CEO Byju Raveendran struck a determined and optimistic note in a virt...
- 2017 witnesses disruption, dissent and divergence in financial sectorMany banks would have failed capital norms if the government had not promised Rs2.1 lakh crore investment. But the capital will not be dole...
- GST impact: Over 25% of trucks idle amid drop in interstate movementInterstate retail freight rates are down 40-50%, the sharpest decline in over three decades, said SP Singh, senior fellow at the IFTRT.
- 6 reasons why a recovery in telecom will not happen soonFor a sector that is central to India’s growth and progress, telecom is caught in multiple tangles — legal, financial, reputational, operat...
- Are you evading Tax? Check how you can stop doing itThey may not be aware, but even honest individuals can end up evading tax. Find out if you also fall foul of tax laws and how to stop doing...
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