US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
04 May, 2026, 11.32 AM IST
From ₹1K gigs to ₹70 lakh hustle: Techie quits moonlighting to reclaim LifeA young platform engineer from a tier-3 college revealed his intense moonlighting journey, juggling two remote roles to earn Rs 70 lakh ann...
21 Apr, 2026, 06.13 PM IST
Property partition after owner’s death: A guide for legal heirs to divide assetsPartition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into in...
16 Apr, 2026, 05.22 PM IST
Property or problem? The hidden legal traps haunting India’s property owners: Here’s how to navigateProperty ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyer...
14 Apr, 2026, 02.29 PM IST
New ITR forms for AY 2026-27: NRIs opting for new presumptive income scheme have to make this separate disclosure additionallyNew ITR forms for AY 2026-27 mandate Non-Resident Indians (NRIs) opting for the presumptive income scheme to separately disclose gross rece...
10 Apr, 2026, 12.37 PM IST
Govt weighs extending presumptive tax regime to renewable energy sectorIndia is considering extending a presumptive tax regime to non-residents in the renewable energy sector, including bio energy. This move ai...
10 Jan, 2026, 05.51 AM IST
Niti Aayog moves to simplify tax for foreign firmsIn its Tax Policy Working Paper Series -1: Enhancing Certainty, Transparency and Uniformity in Permanent Establishments and Profit Attribut...
03 Oct, 2025, 11.54 PM IST
Budget 2025: Extension of presumptive tax regime to boost investment"Extending the presumptive taxation scheme to certain non-residents is a strategic step to incentivise foreign participation in India's gro...
02 Feb, 2025, 01.02 AM IST
Budget 2025: Presumptive tax may cover emerging techThe February 1 budget may expand the presumptive tax regime to include sectors like data centres, AI, and green technology, raising the tur...
28 Jan, 2025, 05.30 AM IST
Budget 2024: Dear FM Sitharaman, the taxing tax rules must goInterim Budget 2024: Perhaps no one knows more than the government that certain popular announcements involving little sacrifice of revenue...
01 Feb, 2024, 07.04 AM IST
How consultants and freelancers can file ITR online on the e-filing income tax portalRead below to find out how people who work as consultants and freelancers file their income tax returns (ITR) online on the e-filing websit...
31 Jul, 2023, 03.54 PM IST
Should you be a salaried person or consultant if your annual income is Rs 60 lakh?The Budget 2023 has proposed many changes in the new tax regime and presumptive taxation scheme. The proposed changes have asked the indivi...
09 Mar, 2023, 04.27 PM IST
Presumptive taxation eligibility limits enhanced for professionals and MSMEsEarlier MSMEs with annual turnover up to Rs.2 crore and Professionals with income up to Rs.50 lakh were allowed to go for presumptive taxat...
03 Feb, 2023, 08.07 PM IST
71% surge in ITRs filed till August; presumptive tax filers jump 8-foldThis was led by a massive eight-fold jump in returns filed by entities under the presumptive tax scheme and 54 per cent increase in e-filin...
02 Sep, 2018, 12.40 AM IST
- 2G spectrum case: CAG blasts CBDT logic on 2G loss numbers
The CAG went on the offensive against tax authorities, lambasting them for using semantics to challenge the auditor’s estimate of Rs 1.76 l...
22 Dec, 2011, 04.29 PM IST
- Central Board of Direct Taxes raises questions on CAG’s 2G scandal loss estimates
Income-Tax Department do not calculate losses on a presumptive basis, CBDT has written to JPC investigating the 2G scandal.
13 Dec, 2011, 02.25 AM IST
- Query Corner: Taxation
Our expert (Vaibhav Sankla, Executive Director, Adroit) guides you in matters relating to taxation. Email to etquerytax@indiatimes.com
26 Jul, 2011, 01.17 AM IST