Opting for presumptive taxation while filing ITR? You may have to face tax audit; here’s what you must knowPresumptive taxation simplifies income computation for eligible taxpayers. However, a tax audit may be required if actual income falls belo...
24 Jul, 2026, 12.25 PM IST
Aries, Taurus, Gemini Horoscope Today | July 24, 2026: Unexpected Financial Shifts and Powerful Career SignalsYour Daily Horoscope Today highlights quiet research dynamics, legal business agreements, and sharp workplace routines. Aligning with these...
24 Jul, 2026, 01.21 AM IST
Mercury Regains Strength on July 25: These Zodiac Signs Should Think Twice Before Making Big MovesOn 25th July 2026, Mercury's combustion will come to an end. This allows the planet of intelligence, communication, business, and decision-...
23 Jul, 2026, 06.11 PM IST
Son becomes NRI, gifts shares worth Rs 30 lakh to father; should this be disclosed in ITR? What taxpayers must do to avoid tax noticesNRI son gifted Rs 30 lakh shares to his father through an off-market transfer. Should it be reported in ITR? Although a genuine gift of sha...
23 Jul, 2026, 03.33 PM IST
New tax regime: Save up to Rs 65,500 in tax through your employer's NPS contribution; here's how to claim itSection 80CCD(2) provides a tax deduction for employer contributions to NPS. This benefit remains available under the new tax regime for sa...
23 Jul, 2026, 01.05 PM IST
Mauritius tax protocol to give Indian taxman more powers to probe offshore entitiesMauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore enti...
23 Jul, 2026, 12.39 AM IST
Mars Transit 2026: Mars Enters Mrigashira Nakshatra on July 24; These Zodiac Signs Could See Major Career, Money and Relationship ChangesMars Transit 2026: On 24th July 2026, Mars, the planet of courage, action, energy, and determination, will enter Mrigashira Nakshatra. This...
22 Jul, 2026, 02.09 PM IST
ITR filing: Claimed capital gains exemption? The 3-year tax trap that may trigger income-tax noticesMany taxpayers wrongly believe that capital gains deposited in the Capital Gains Account Scheme (CGAS) become taxable only on withdrawal. T...
22 Jul, 2026, 12.37 PM IST
Foreign income taxation: Employees, investors, freelancers check these aspects to prevent double taxation on same foreign income while filing ITR for AY 2026-2027Indian taxpayers earning global income face potential double taxation concerns. India's tax treaties offer relief through credits or exclus...
22 Jul, 2026, 10.26 AM IST
NRO FD interest rates: Earn up to 6.75%—SBI, HDFC Bank, PNB, ICICI Bank or Axis Bank, which offers the best rate for NRIs?Non-Resident Indians can park their Indian income in NRO fixed deposits. These deposits offer attractive interest rates, with some banks pr...
21 Jul, 2026, 09.45 AM IST
FCNR scheme: Withholding tax fear haunts US, Singapore NRIsNon-resident Indians residing in Singapore and the United States are expressing significant concerns over withholding taxes. These taxes th...
21 Jul, 2026, 12.40 AM IST
ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...
20 Jul, 2026, 11.50 AM IST
Income tax return: How to report capital gains correctly to avoid ITR filing mistakesAll disclosure of capital gains must be filed in Schedule CG. This schedule houses separate sections for different types of gains. For accu...
20 Jul, 2026, 11.45 AM IST
India tightens Sri Lanka tax treaty with anti-abuse ruleIndia has amended its tax treaty with Sri Lanka to introduce a Principal Purpose Test (PPT), allowing authorities to deny treaty benefits w...
19 Jul, 2026, 06.52 AM IST
ITAT rules Cloudera Inc's software subscription revenue not taxable as royaltyThe ITAT has ruled that Cloudera's software subscription fees from Indian customers are not taxable in India as royalty or technical servic...
17 Jul, 2026, 05.21 PM IST
British Airways cannot claim treaty relief on India ground handling income: ITATThe Income Tax Appellate Tribunal (ITAT) has ruled that British Airways cannot claim India-UK tax treaty protection on income from providin...
17 Jul, 2026, 10.38 AM IST
ETMarkets Smart Talk | Equity, mutual funds, bonds or property: Tax rules every NRI should know: Ritu ShaktawatNRIs investing in India must understand tax rules and residential status. Double Taxation Avoidance Agreements offer beneficial tax treatme...
14 Jul, 2026, 09.00 AM IST