The Delhi High Court has ordered the income tax department to refund Vodafone Idea ₹53.09 crore. This refund is for assessment years 2003-0...

This Haryana man's case was picked up for scrutiny, and during the proceedings the Assessing Officer found large cash deposits, unsecured l...

The Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...

Lok Sabha passed the Mines and Minerals (Development and Regulation) Amendment Bill, 2026, curbing states' powers to impose taxes and cess ...

The Lok Sabha passed a bill to amend mining regulations. This legislation prevents states from imposing additional taxes on mineral rights....

The Centre has launched a new bill to limit state taxation on mineral rights, aiming to centralize authority over selected mineral-rich are...

India has extended anti-dumping duties on four products, including chemicals and steel goods. New duties were imposed on metallurgical coke...

Rs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps tax...

Homebuyer asked to pay previous owner's dues of Rs 80,000: In his Reddit post, a homebuyer shared that the previous owner had around Rs 80,...

Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...

A careful, timely, and well-documented filing approach can help employees avoid notices, interest, penalties, and refund delays while ensur...

The CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...

Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks necessitate accurate ...

India's capital controls have transformed from restrictive permissions to more refined regulations. As the nation pursues its economic aspi...

Resident and ordinarily resident individuals must report foreign assets. This disclosure is required in Schedule FA of the income tax retur...

"The net direct tax collection in the 1st quarter of FY 2021-2022 is Rs 2,46,519.82 crore as against Rs 1,17,783.87 crore during the same p...

Government has notified the rules for calculating overseas income and assets under the stringent foreign black money law that came into for...