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NEW TAX LAW FOR OVER 65
Buying a home? 11 property documents every homebuyer must check before purchaseIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
No more March tax-saving rush? How the new tax regime is changing investment choicesAn investment must first stand up as an investment, and be a tax-saver only by accident. However, this problem has now solved itself. The n...
Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT ChennaiA Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home, initially den...
Financial independence for children: How families in the US and India split the bills when adult children stay homeIn the United States, those graduating in the 21st century especially have been seeking to return to the homes of their boomer parents. In ...
Income tax department slaps notices on foreign investors with no earningsForeign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax depa...
Ministry of Road Transport and Highways will introduce new cybersecurity and software update management lawsIndia is set to mandate cybersecurity and software update management for advanced vehicles. New rules will require passenger cars, commerci...
FD rate up to 8.3% for senior citizens investing for three years; Know list of banksSenior citizens can now secure fixed deposit interest rates up to 8.3% for a three-year term with select small finance banks, offering a lu...
Rs 17 lakh income tax refund claim was denied as taxpayer did not e-verify ITR since he was busy taking care of late father; ITAT Delhi allows refund for this reasonA Delhi landlord, busy caring for his ailing father, missed the deadline to e-verify his income tax return, leading to a denied Rs 17 lakh ...
Delhi traders flag glitches in MCD's new tax portalDelhi traders have urged the Municipal Corporation of Delhi to fix glitches in its new trade licence portal. They claim the system incorrec...
From being a trust to gaining trust: AIFs call for switch to LLP modelIndia's private equity and venture capital sector is pushing for a crucial structural change to attract more foreign investment. The indust...
Tax department steps up scrutiny of charitable trusts over disclosure mismatchesThe Income Tax Department is intensifying its review of charitable trusts and non-profits, demanding detailed fund utilisation and governan...
India has Microsoft's market. Ireland has its profitsMicrosoft's inaugural public tax report reveals a stark disconnect between its global market presence and where profits are booked. While I...
- ITR filing 2026: 7 smart ways salaried employees can reduce tax under the new income tax regime
Growth engine revving as GST, auto sales rise despite global roadblocksIndia's economy shows robust growth in Q1 FY27, with GST collections soaring 13.9% to Rs 1.95 lakh crore in June. Car sales surged 24%, and...
Overcharged Rs 67 on shoe MRP, Bata ordered to refund student, pay Rs 2,000 compensation. Here's what happenedA law student's Rs 67 overcharge on shoes led to a significant ruling against Bata India by the Kerala Consumer Commission. The retailer wa...
Two years on, govt eyes AI push for new criminal lawsMore than 16 lakh personnel have been trained on the implementation of the new laws. The three new criminal laws -- Bharatiya Nyaya Sanhita...
AI tools helping identify GST evasion, easing compliance for honest taxpayers: FinMinIndia's Goods and Services Tax (GST) system is leveraging advanced technologies like AI and data analytics to combat tax evasion and stream...
Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...
Gaming founders appeal to GST Council for personal liability relief after Supreme Court rulingReal money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following...
New GST jurisdiction to handle pending cases after business shift: CBICTaxpayers shifting their business location will now have their ongoing tax proceedings seamlessly transferred to the new jurisdictional aut...