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INCOME TAX COMPLIANCE MEASURES
Give without paying gift tax: The $19,000 annual exclusion is unchanged for 2026, and it lets you move money without gift tax this yearThe IRS announced major tax changes for 2026. Standard deductions increase to $16,100 for single filers and $32,200 for couples. The gift t...
Income tax department survey reveals large-scale property scam in Gurgaon; 25,000 properties linked to fictitious PANAn Income Tax department survey in Gurgaon's Badshahpur tehsil unraveled that a single fictitious Permanent Account Number (PAN), 'ABCDEF12...
GST overhaul: Export status for contract manufacturing to boost supply-chain shifts to IndiaGST reforms treating contract manufacturing for foreign principals as exports could boost India’s appeal as companies relocate parts of the...
GST 2.0: Easier multi-state expansion for MSMEs, e-commerce sellersIndia's GST Council has initiated reforms to modernize the GST framework for improved compliance and business operations. Simplified regist...
GST 2026: Simpler compliance, tech-led enforcement reflect growing trust between government and industry, says Deloitte’s MS ManiDeloitte India’s MS Mani said the latest GST reforms reflect growing trust between government and industry, with technology enabling simple...
GST reforms: 16 lakh small businesses may get annual return option, easier e-commerce sellingMore than 16 lakh small businesses with turnover up to Rs 5 crore could benefit from a simplified GST compliance regime, under which they w...
Digital nomads take note: The $132,900 foreign earned income exclusion for 2026 could wipe out tax on overseas income, here's the catchFor Americans earning money while living and working abroad, one of the biggest 2026 tax changes is the higher foreign earned income exclus...
'Faster decisions, lower compliance costs': PM Modi welcomes new round of GST reformsPrime Minister Narendra Modi on Thursday welcomed the new round of GST reforms approved by the Goods and Services Tax (GST) Council, saying...
GST winners 2026: No rate cuts, but small businesses, exporters and taxpayers have plenty to gain. Here's howGST Reform Winners 2026: The GST Council has greenlit key reforms intended to simplify compliance for businesses across the board. Small bu...
"GST is always very useful for state like West Bengal": Finance Minister Swapan Dasgupta after 57th GST Council meetIn the recent 57th GST Council meeting, West Bengal Finance Minister Swapan Dasgupta emphasized the crucial role of GST in bolstering state...
India's GST Revolution: How India’s biggest indirect tax reform changed its economy and its way of doing businessIndia's GST Revolution: GST has transformed India's indirect taxation system, eliminating many previous levies to streamline compliance and...
GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
GST Council meet starts with focus on ease of doing business, ITC overhaul and decriminalisation on agendaThe 57th GST Council meeting is set to consider major GST 2.0 reforms, including wider input tax credit eligibility, protection for genuine...
US tax savings 2026: What are the best ways taxpayers can use to potentially lower their tax bill? Know the rulesWhen it comes to taxes, what you end up paying really depends on things like your income, financial goals, and how you file. Luckily, there...
ITR filing and Income tax audit deadline extended: check 5 critical things taxpayers must know
Do you have to pay tax in India or abroad? Why your residential status is important factorIndividuals earning income abroad must understand their tax residency status according to the Income Tax Act. The Act outlines conditions b...
Google cofounder Sergey Brin bets $102 million to dodge a $13 billion tax bill as California billionaires head for the exitSergey Brin has committed $102 million against a proposed one-time tax on California billionaires. This tax could potentially cost him arou...
GST Council may scrap arrest provisions, fast-track refunds with 90% automatic payoutThe upcoming 57th GST Council meeting on October 7 is set to unveil transformative proposals that could reshape GST regulations. Key sugges...
Tax audit deadline extended: Key checks taxpayers should make before filing income tax returnThe CBDT has announced an extension for tax audit and ITR filing deadlines for Assessment Year 2026-27. Taxpayers must now file their retur...
Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...