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MASS EXODUS OF WEALTHY TAXPAYERS
California could become the first state to tax billionaires' wealthThe state of California is deliberating on a proposed one-off 5% tax on the net worth of billionaires via Proposition 40. The initiative en...- ₹16 lakh jewellery, ₹3.88 lakh cash treated as unexplained income; here’s why the taxpayer wins at ITAT HyderabadIn a significant ruling, the Hyderabad ITAT absolves Mr Chintakunta of tax additions regarding unexplained cash and jewellery found during ...
- Paul Lyngdoh takes oath as Meghalaya minister after quitting UDP for NPPPaul Lyngdoh was sworn in as a Cabinet minister in Meghalaya, marking his transition from UDP to NPP. Governor C H Vijayashankar officiated...
- Mass shootings over Halloween weekend leave at least 6 dead and dozens injured across USThe Halloween weekend turned deadly as mass shootings erupted across various U.S. cities, leading to a heartbreaking total of six deaths an...
- Income Tax 2026: 3 key changes in deductions & exemptions every taxpayer must knowThe Finance Act, 2026 outlines significant changes in income tax deductions and exemptions for Tax Year 2026-27. Non-resident individuals w...
- Mass brands give liquor companies a hangover"It is difficult to pinpoint the reasons for the slowdown, even in states such as Uttar Pradesh which had recorded strong growth earlier," ...
- CCI clears Prosus' proposal to acquire stake in Sachin Bansal-led NaviCompetition Commission of India has approved Prosus' acquisition of a stake in Navi Ltd. This move aims to enhance Prosus' position in Indi...
- What happened at Russia's Tsaritsyno Museum Reserve? US Embassy issues alert over mass casualty threatThe U.S. Embassy in Moscow has warned of a credible threat targeting the Tsaritsyno Museum Reserve on October 31, 2026. Visitors are advise...
- Meghalaya minister Metbah Lyngdoh resigns as UDP loses legislators to NPP, BJPMeghalaya cabinet minister and United Democratic Party (UDP) president Metbah Lyngdoh has resigned amid a series of defections that have sh...
- Wealthy Indians sit on cash, prepare to deploy funds across markets over next 12-24 months: Joint MD & CEO Systematix Private WealthWealthy Indian investors are holding liquidity and planning phased investments across diverse market segments. The focus is on both domesti...
- Money changes from November 1, 2026: Revised PNB credit card charges, increased Indusind Bank fees and ITR deadline; know key changesEffective November 1, 2026, IndusInd Bank will roll out new fees for any failed savings account transactions. Concurrently, Punjab National...
- CBIC holds outreach programme in Chandigarh to discuss GST 2.0 reforms with taxpayersMore than 200 taxpayers and industry representatives participated in an outreach programme with CBIC leadership. The engagement aimed to di...
- ₹20.45 lakh cash deposits, ₹12.64 lakh capital gains from property sale questioned by Income Tax Department; here’s why woman wins relief at ITAT HyderabadA Telangana woman successfully challenged an income-tax dispute involving substantial cash deposits and a property sale. The ITAT Hyderabad...
- Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...
- Can income tax officials take your PPF savings for unpaid tax dues? Know what the law saysDealing with a tax demand? It's essential to grasp how the Income Tax Department can seize dues from different assets, while your PPF accou...
- GST officers must prove intent to evade tax before invoking fraud provision: CBICGST officers cannot invoke fraud, wilful misstatement or suppression provisions merely because tax has not been paid or a discrepancy is fo...
- Income-Tax Department nudges taxpayers with UAE and other overseas properties to disclose foreign assets under FAST-DSThe Income-Tax Department is encouraging selected taxpayers to disclose overseas assets under a new scheme. This initiative targets individ...
- CBDT receives around 1,100 applications under foreign assets disclosure schemeSince the launch of the Foreign Assets of Small Taxpayers Disclosure Scheme, approximately 1,100 taxpayers have submitted applications. The...
- Income Tax Department nudges taxpayers holding undisclosed foreign propertiesThe Income Tax Department is encouraging taxpayers to declare undisclosed foreign assets through the FAST-DS initiative. A new e-filing por...
- From deportations to million-dollar visas: The two sides of Donald Trump's immigration policy and who gets to live in AmericaTrump's administration has intensified deportations while restricting immigration paths for skilled workers. The Gold Card program offers w...
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