In one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...

The Supreme Court has settled India's online gaming tax dispute. GST will now be charged on the full value of player deposits, not just the...

A woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...

Tenants paying over Rs 50,000 monthly rent must deduct TDS. This applies to individuals and HUFs not requiring tax audits. The TDS rate is ...

Social Security crisis 2032 is no longer a distant warning. Current projections show the trust fund could face depletion by 2032, triggerin...

India has seen a significant rise in Foreign Direct Investment, attracting USD 843 billion between 2014-15 and 2025-26. Key government init...

India is launching ambitious science initiatives. However, current financial rules designed for conventional procurement hinder R&D. A new ...

Mr. Bansal successfully appealed a tax demand after claiming Section 54F exemption on Rs 7.59 crore long-term capital gains from unlisted s...

The taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...

There is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...

Indians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...

Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...

Indian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...

The Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and as...

Pension and family pension are taxed differently under the Income-Tax Act, yet many taxpayers continue to confuse the two while filing retu...

Gujarat Chief Minister Bhupendra Patel approved sugarcane prices paid by cooperative societies to farmers. This decision benefits over two ...

Tax authorities have uncovered a major scam involving fake agricultural income claims. Over 300 individuals claimed exemptions worth thousa...