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MSMEs and GST@9: Journey so far and next phase of reformsFor India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...
ITR filing 2026: 9 key checks every taxpayer must make for AY 2026–27India's income tax administration has become increasingly data-driven, with information from TDS/TCS reporting, SFT filings and other sourc...
At Big 4 firms, AI is starting to reshape the tax professionMajor accounting firms in India are embracing artificial intelligence for tax services. AI is automating routine tasks, research, and draft...
Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund caseIndian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky ...
Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...
ETMarkets Smart Talk | “Tax, TCS & Clarity: What’s holding Indian investors back from going global”, explains Himanshu KohliIndian investors remain hesitant about overseas investing due to taxation complexities and operational ambiguity. Expert Himanshu Kohli adv...
If I gift my Rs 2 lakh to my wife who plans to invest in FD, who will pay income tax on interest earned?ET Wealth Reader's Query: I am the only earning member of my family. My company has given me a bonus of Rs 2 lakh this year (after deductin...
From FAANG to BATMMAAN: the new acronym driving global tech investing, says Niteen DongareGlobal investors are shifting focus from FAANG and Magnificent 7 to broader innovation, embracing the BATMMAAN acronym for AI, semiconducto...
ITR filing 2026: Don’t miss these key income tax deadlines for FY 2025–26 (AY 2026-27)Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...
WhiteOak Mutual Fund waives exit load on fresh investments; existing units retain old chargesWhiteOak Capital Mutual Fund has removed exit loads on new investments in its equity and hybrid schemes. This investor-friendly move enhanc...
Filing ITR just got easier: This new AI chatbot helps with income tax queries, forms and rules; check detailsThe Income Tax Department has launched Kar Saathi, an AI chatbot on its revamped portal to simplify tax filing. This tool offers 24/7 assis...
I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
Ask justified, specific questions from taxpayers during scrutiny: CBDT to I-T officialsThe CBDT has instructed Income Tax Department officials nationwide to apply "due application of mind" when issuing scrutiny notices to taxp...
Yet to be notified: Income Tax authority addresses India Mauritius DTAA Amendment concerns“Some concerns have been raised on the India Mauritius DTAA amended recently. In this context, it is clarified that the concerns /queries a...
Income tax department's helpline available 24 hours till July 31Taxpayers who have concerns that are not being resolved can file a complaint on the income tax portal.Here's how to make a complaint regard...
What is my ITR filing status if I recently shifted back to India from the US?If your days spent in India are more than 182, it makes you a resident in India. Further, determine whether you are resident and ordinarily...
TDS on MF dividends at 10%, clarifies governmentIn a statement, the Central Board of Direct Taxes (CBDT) said queries have been raised if mutual fund would be required to deduct TDS also ...
Income Tax Department freezes bank accounts of CognizantAccounts of Cognizant India-- one of the country's largest software firms-- were frozen after it failed to pay DDT of more than Rs 2500 cro...
Last date for filing original FY2014-15 ITR was 31.3.2017: If you missed this too, here's what to doAn individual as per the tax laws is required to file the original return by July 31 every year says Amarpal Chadha, Tax Partner and India ...
- No proposal to amend capital gains tax for FIIs: Govt
The Government on Tuesday said there is no proposal from the Central Board of Direct Taxes (CBDT) to amend Income Tax Act so that all FIIs ...