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IMPORT TAXES
Trump tariffs may stay alive as US set to impose new import taxes by FridayDonald Trump is likely planning new import duties on many nations by Friday. These levies aim to continue his tariff regime after current o...- Absolut vodka maker Pernod Ricard withdraws plea against $314 mn India tax demandFrench firm Pernod Ricard has withdrawn its court challenge against India's tax demand. The company faced a $314 million demand for underva...
- Parliament Watch: FM on rupee, `16.1 lakh cr fuel taxes, India-US trade talks and moreRupee depreciation is influenced by rising crude oil prices and reduced capital account support. India monitors US trade policy changes and...
- ESOPs, Crypto and two other disclosures you must make in Schedule FA of the ITR for AY 2026-2027Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...
- ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it meansAfter filing your Income Tax Return, you may receive a Section 143(1) intimation notice. This notice confirms the tax department's prelimin...
- Iran war forces cash-strapped Asian nations to buy expensive LNGPakistan and Bangladesh face high LNG costs due to Middle East conflict. This situation strains government finances and prompts rethinking ...
- NRO FD interest rates: Earn up to 6.75%—SBI, HDFC Bank, PNB, ICICI Bank or Axis Bank, which offers the best rate for NRIs?Non-Resident Indians can park their Indian income in NRO fixed deposits. These deposits offer attractive interest rates, with some banks pr...
- US imposes new 50% tariffs on a wide range of Canadian productsThe United States is imposing a 50% tariff on many Canadian goods. This follows Canada's alleged discriminatory treatment of American cars ...
- Godrej Agro to expand oil palm area to 1.4 lakh hectares, bets on rising demandEdible oil prices are expected to stay elevated for several months ahead. Geopolitical tensions and El Nino threats are tightening global s...
- 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...
- 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...
- 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...
- Downstream aluminium industry says duty structure hurting competitiveness, seeks reliefDownstream aluminium manufacturers are urging the government to reduce import duties. Higher global metal prices and freight costs pressure...
- 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...
- Name appearing in builder's records showing cash payment: Will you need to pay income tax for such property purchase? Here’s what ITAT saidCan the Income Tax Department tax you based only on papers found during a builder's search? A recent ITAT ruling explains when third-party ...
- NRI woman sold her property in Gujarat for Rs 21 lakh, tax dept sent notices, she missed them as she lived abroad; later she files case and wins in ITAT AhmedabadITAT overturns STCG tax on Gujarat house sale: When Kaminiben, an NRI from Anand, Gujarat, sold her house for Rs 21.4 lakh in AY 2018-19, w...
- Trump team races the clock to rebuild US tariff wall knocked down by Supreme CourtA Supreme Court ruling has led to a notable decline in Treasury revenue from import taxes in the United States. President Trump's administr...
- India-UK trade deal: Luxury cars get cheaper, but your Scotch will have to waitBritish carmakers are quickly passing on tariff benefits from the India-UK CETA trade agreement. Price reductions for Scotch whisky and gin...
- 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...
- How to check Annual Information Statement (AIS) before filing ITR: Step-by-step guideTaxpayers must review their Annual Information Statement before filing their Income Tax Return. This statement details financial transactio...
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