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FOREIGN ASSETS DECLARATION
Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to know
- Govt opens tax disclosure window for foreign assets, income
- Malaysia built a $100 billion city just 2 km from Singapore for 700,000 people; only 9,000 came, now scammers are moving into the ghost townGhost town: Malaysia's grand Forest City venture is struggling, left eerily vacant and dubbed a ghost town due to a lack of residents. In t...13 Aug, 2026, 12.58 PM IST
- Iran says no progress on reviving interim peace deal with USIran and the United States remain divided over ending the Gulf war permanently. Talks to revive an interim deal agreed in June have seen no...12 Aug, 2026, 11.17 PM IST
- Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...12 Aug, 2026, 11.08 AM IST
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...12 Aug, 2026, 11.03 AM IST
- NRI selling property in India: Should sale proceeds go to an NRE or NRO account? Know repatriation limits and RBI rulesAre you an NRI looking to sell your property in India after relocating abroad? It's essential to understand the process of repatriating you...12 Aug, 2026, 11.00 AM IST
- Iran ties Hormuz reopening to US concessions on several demandsIran says a deal with Oman on new shipping lanes through the Strait of Hormuz is in its final stages, but reopening the strategic waterway ...10 Aug, 2026, 05.10 PM IST
- ET Prime Special Series: Multibagger or IBC - Part 70: Almost nobody tracks this company. That may be why its turnaround was missedVery few investors track this old auto supplier, and that may be exactly why its turnaround went unnoticed. This is a business that spent y...10 Aug, 2026, 12.40 PM IST
- US Iran war: Trump may ditch nuclear deal plan if Tehran reopens HormuzUS President Trump seeks an exit from the Iran war as the conflict continues to escalate. The administration may set aside the nuclear issu...09 Aug, 2026, 09.21 PM IST
- Horoscope Tomorrow, 10 August 2026: Major Opportunities Could Be Coming in Career, Money & Love for These Zodiac SignsHoroscope Tomorrow, 10th August 2026 brings a mix of career opportunities, financial planning, relationship warmth and health awareness for...09 Aug, 2026, 11.19 AM IST
- Iran says Hormuz won’t reopen until US ‘corrects’ its behaviorIran issued new demands for the Strait of Hormuz reopening and the UAE reported an Iranian missile attack. Yemen's military launched attack...09 Aug, 2026, 09.29 AM IST
- US intel warns that Russian President Putin may authorise hybrid attacks on NATO territory to test Western resolve: ReportUS intelligence suggests President Putin may authorize provocative actions on NATO territory. These actions could include hybrid operations...08 Aug, 2026, 10.01 AM IST
- Is the Begum back in the battle? What Hasina's return bid meansFormer Bangladesh Prime MinisterSheikh Hasinahas announced that she will return to Bangladesh in December despite facing arrest and a death...06 Aug, 2026, 07.06 PM IST
- TDS deducted but you haven't filed your ITR yet? Here's what happens if you miss the July 31 deadlineFailing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late fi...29 Jul, 2026, 06.24 PM IST
- Hold US stocks under LRS? Here’s why you may not be able to gift them to NRI childrenIndian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sa...28 Jul, 2026, 02.49 PM IST
- Are gifts given to NRIs by relatives taxable? Here's what you need to know about income tax and FEMA rulesNRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...25 Jul, 2026, 07.55 AM IST
- US strikes Iran from south to north after Trump threats over Red Sea shippingUS missiles struck targets across Iran after Houthi attacks on Saudi tankers escalated regional conflict. Iranian forces retaliated by firi...24 Jul, 2026, 05.42 PM IST
- 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...21 Jul, 2026, 03.48 PM IST
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