Rs 48 lakh in cash received from the sale of two properties, paid capital gains tax but received an income tax notice; taxpayer wins the case in ITAT Cuttack for this reasonMr. Purushottam residing in Kabisurya Nagar, encountered a penalty for accepting cash payments linked to his property sales. He sold two pr...
07 Nov, 2026, 05.24 PM IST
Incorrect HRA or deduction claims? How Section 270AA may offer relief from 200% penaltyIncorrect tax claims may expose taxpayers to a 200% penalty for misreporting and prosecution in appropriate cases. Section 270AA offers con...
06 Nov, 2026, 09.51 AM IST
Budget 2027–28: ASSOCHAM calls for tax reforms to boost investment, manufacturing, ease of doing business and tax certaintyASSOCHAM has called for a series of Direct and Indirect Tax reforms in the Union Budget 2027–28 to boost investment, strengthen domestic ma...
05 Nov, 2026, 03.30 PM IST
All Agniveers to get permanent jobs after 6 years? Is Agnipath scrapped? Defence officials answerThe revised Agnipath scheme has raised questions about regular jobs, seniority and whether the original recruitment model has been scrapped...
05 Nov, 2026, 03.16 PM IST
Centre proposing parity in mineral taxation, states' rights to remain intact: Union Mines SecretaryProposed amendments to the Mines and Minerals (Development and Regulation) Act are intended to create tax parity across states. This initia...
05 Nov, 2026, 02.04 PM IST
One giant leap for America? Trump's Moon ambitions put India's space diplomacy to the testDonald Trump’s push for a permanent American presence on the Moon by 2028 has raised questions over lunar governance, resource ownership an...
05 Nov, 2026, 12.19 AM IST
FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appealsFICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlig...
04 Nov, 2026, 07.30 PM IST
Firm It Up, Don't Junk It: India needs a more predictable capital gains tax regime to deepen equity marketsIndia's capital markets have seen significant changes, with millions of households participating in equity investing. The current tax frame...
04 Nov, 2026, 06.23 PM IST
Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT JaipurPolicyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexp...
04 Nov, 2026, 03.32 PM IST
India-EU trade deal to ease mobility for Indian professionals, but work visas will still be requiredThe proposed India-European Union Free Trade Agreement is set to simplify temporary entry for Indian professionals. It includes provisions ...
04 Nov, 2026, 02.55 PM IST
SC says 1974 ruling on states' power to levy additional sales tax continues to holdThe Supreme Court held that a previous ruling from 1974 regarding additional sales tax remains applicable today. It determined that the leg...
04 Nov, 2026, 01.03 PM IST
US midterms: Trump leaves the door ajar for Democrats on immigrationAfter the midterm elections, President Trump is feeling optimistic about the possibility of both parties coming together to tackle immigrat...
04 Nov, 2026, 11.22 AM IST
Cancelled flight ticket? GSTAT says airlines can refund GST to passengers and claim it back from the governmentTaxpayer wins GST refund denial case after depositing GST on airline ticket with the govt and later refunding the GST back to passengers du...
04 Nov, 2026, 09.48 AM IST
$700 million tax bill vs $4.15 million image: The court case that saved Michael Jackson’s heirsA US Tax Court judge has determined that Michael Jackson's name, image, and likeness are worth $4.15 million. This valuation is considerabl...
03 Nov, 2026, 10.49 PM IST
Law firms draft special teams to help GCCs navigate India terrainMultinational companies expanding their global capability centres in India may face multiple regulatory and operational challenges going fo...
03 Nov, 2026, 06.37 PM IST
US green card applications face new tax scrutiny; unpaid dues could affect approval and US citizenshipIn a move affecting green card applications, the US Citizenship and Immigration Services has altered its stance on tax compliance. Unpaid t...
01 Nov, 2026, 11.01 AM IST
Inducting new permanent members in UNSC without veto powers would perpetuate existing inequalities: IndiaIndia has expressed its opposition to the proposed expansion of the UN Security Council. The country’s representative highlighted that perm...
27 Oct, 2026, 11.10 PM IST