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TAX ARREARS IN INDIA
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...- PPF, SCSS and NSC have outperformed equity in last 2 years, but should you write off equities?Small savings schemes vs Nifty indices: While equities have shown muted returns recently, small savings schemes have offered stable returns...
- FCNR deposit in demand: $1,277 extra interest on $10,000 investment by NRIs after RBI's latest move?FCNR interest rates: The Indian government will now cover hedging costs for fresh 3 to 5-year FCNR(B) deposits until September 30, 2026. Th...
- 8th Pay Commission calculator: How much arrears can Level 6-10 employees get at 2.0-2.86 fitment factorsThe 8th Pay Commission is consulting stakeholders before finalising its recommendations, while central government employees await clarity o...
- Wife’s MBA degree or past employment with MNCs can’t stop her from demanding maintenance, rules HCAn Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...
- Can Rs 2 crore retirement corpus generate Rs 2 lakh monthly income for 20 years after retirement?Planning your retirement corpus is crucial. A Rs 2 crore fund may not last 20 years with high withdrawals. Experts suggest a bucket strateg...
- Good news for taxpayers! Faster tax refunds, quicker dispute resolution, TDS framework improvements and more planned by CBDT for 2026-27Taxpayers can anticipate significant improvements in the TDS system and faster resolution of tax disputes. The Central Board of Direct Taxe...
- Delhi HC revives ₹1,063 crore dues, upholds termination of The LaLit licence in NDMC caseThe Delhi High Court has revived a massive license fee demand of over Rs 1000 crore against Bharat Hotels. The court also upheld the termin...
- Is tax clearance mandatory before foreign travel? What the Income-Tax Act, 2025 saysThe introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...
- Tax arrears worth Rs 54.53 lakh crore pending as on June 30: GovtIndia faces a significant challenge with tax arrears. Total direct and indirect tax arrears reached over Rs 54.53 lakh crore by June 30. In...
- Reduce your income tax outgo by claiming Section 89 tax relief and filing Form 10E if you received arrears of salaryTax releif under section 89: If you've received arrears of salary pertaining to last year and this results in higher payment of tax in the ...
- Rs 11 lakh crore tax arrears difficult to recover: CAGSignificantly, more than Rs 10.94 lakh crore, or 98% of this arrears are difficult to recover, owing to different reasons.
- Service tax arrears rise to Rs 1.66 lakh crore in FY18: CAG reportSimilarly, in respect of central excise, total arrears increased to Rs 96,496 crore in FY 2017-18 from Rs 84,200 crore in the previous year.
- Government will step up efforts to bring more people into tax net: P ChidambaramIn a strong message to tax evaders, the govt said that it will step up efforts to bring more people into net and to recover tax arrears.
- Most of the Rs 1.16 lakh crore I-T dues gone bad: CAGOver Rs 85k crore due from Pune-based stud farm owner Hassan Ali, his associate Chandrika Tapuriah & late Harshad Mehta.
- Government has tax demand of Rs 1.96 lakh cr: CAGHassan Ali Khan, his associate Chandrika Tapuriah, and late Harshad Mehta account for 75% of total tax demands of Rs 1.16 L-cr pending agai...
- Tax implications on salary received in arrearsAccording to reports, the Government has allocated an amount of approximately Rs. 29,000 crores for the purpose of paying 'arrears' to arou...
- Rs 130,733 cr tax arrears mop-up doubtfulOver 80% of India’s cumulative tax arrears may never be recovered. With the global meltdown beginning to hurt India Inc and its profitabili...
- Ericsson, Samsung, Coca Cola owe crores to govt in taxesIndian arms of Ericsson, Daewoo Motors, Samsung and Coca Cola India figure among dozens of MNCs that have outstanding tax liability totalli...
- Govt debt in FY08 equals tax arrearsGovt's borrowings for next fiscal could have been reduced had it been able to recover tax arrears.
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