Searched for
JOINT ACCOUNT TAXATION
Cut GST on smartphones below Rs 25,000 to 5%: GT Bharat-PWIF reportA new whitepaper suggests a significant GST reduction on smartphones under Rs 25,000 to 5%, while retaining 18% for pricier models. This mo...
NRI Talk | Rupee depreciation shouldn't deter NRIs; India still offers attractive dollar returns: Feroze AzeezNRIs are questioning India's investment appeal due to recent flat returns and rupee depreciation. However, experts emphasize India's strong...
ITR filing 2026: Foreign income and overseas assets? Avoid these 7 costly disclosure mistakesReturning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...
Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However,...
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Global liquor companies chase Indian state dues of $400 millionAlcohol industry giants accuse Telangana of breaking accounting rules. The southern Indian state owes them nearly $400 million. Companies s...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
Boost your Social Security fast: Little-known rules that could mean bigger checksMore than 53 million retired Americans now depend on Social Security benefits every month. Yet millions still lose retirement income becaus...
Can Trump’s $1,000 IRA match executive order finally bring 56 million Americans without 401(k) access into retirement security? Here's who actually qualifies for this benefitUS President Donald Trump IRA Trump retirement plan executive order: Will $1000 IRA Match Transform Savings. For decades, retirement securi...
India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
Can I gift large sum to my senior citizen parent and open a joint bank account with them to earn interest without tax?ET Wealth Reader's Query: I want to gift a large sum to my senior citizen parents so that they can invest in long-term, high-yield FDs. I’d...
Married, but paying income tax separately: Why should Budget 2026 introduce a joint taxation mechanism for married couples?Budget 2026 is urged to consider an optional joint taxation mechanism for married couples. This reform aims to address inequalities faced b...
Untaxing days ahead for Indians?India's new direct tax law in 2025 simplifies income tax. It introduces a uniform tax year and consolidates salary exemptions. Optional joi...
5 post office savings schemes that do not offer tax saving benefit under section 80CList of post office schemes that does not offer tax benefits under section 80C of Income-tax Act, 1961.Let us now take a look at each of th...
India, Mauritius to hold fresh talks on tax treaty issuesThe talks come against the backdrop of apprehensions in India that the pact is being misused to route unaccounted money into the country fr...
PSEs need to comprehend international taxation: ExpertsAs many as 147 CPSEs have either foreign exchange earnings or expenditures, as per PSUs apex body SCOPE.
- Government for reviewing DTA with Mauritius for better tax info
The government is working to review the Double Taxation Avoidance Convention (DTAC) with Mauritius to further strengthen its provisions.
- CBDT-ICAI group on global switch set
CBDT and ICAI have constituted a study group to identify and address direct tax issues that will affect convergence of India’s accounting s...
- Panel set up to upgrade India's tax regime
The government has taken the first step to respond to the challenges of taxing transnational transactions by setting up an eight-member com...