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TAX COMPLIANCE REQUIREMENTS
Tax audit deadline extended: Key checks taxpayers should make before filing income tax returnThe CBDT has announced an extension for tax audit and ITR filing deadlines for Assessment Year 2026-27. Taxpayers must now file their retur...
Employers face compliance hurdles as states delay notification of Labour Code rulesTen states and union territories have formally adopted some Labour Codes, creating compliance challenges for companies. Major industrial st...
Companies upset as states delay labour codes adoptionMajor industrial states including Karnataka, Tamil Nadu, Maharashtra, Telangana, Haryana and Punjab are taking longer than expected to noti...
Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
India Inc's legal bill swells as global ambitions growAs Indian companies expand overseas, a more fractious global geopolitical environment is exposing them to a wider web of sanctions, trade r...
Redefining global finance: Emergence of alternative payment infrastructureChairman of PSB Bank Petr Fradkov, in an interview with RBC, discusses what is happening in one of the most closed sectors of the economy, ...
4 Adani group companies settle public shareholding violations case with Sebi. Check detailsAdani Enterprises and three other companies have settled with Sebi over minimum public shareholding violations. The total settlement amount...
Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...
Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
Buying property from an NRI? Know the new TDS, PAN, and Form 141 rules effective October 1Beginning 1 October 2026, resident Indian buyers will enjoy simplified compliance when purchasing property from non-resident sellers. They ...
India’s bid to keep carbon cash home as Europe adds a new trade costIndia’s exporters face new carbon costs under the EU’s CBAM, which took effect in January 2026. For carbon-intensive industries such as ste...
Shah Investor's Home IPO opens today. Check GMP, price band and other key detailsShah Investor's Home IPO opens for subscription on September 28, with the Rs 90.17-crore issue commanding a 5% GMP. The book-built issue co...
Holding companies, NBFCs rejig assets, income to escape RBI scrutinyGroups are restructuring NBFC and holding-company balance sheets to stay outside RBI’s regulatory definitions and avoid registration and co...
Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reasonIn Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, hi...
National Traders’ Welfare Board pushes centralised loan portal, faster MSME creditThe Board called for stronger coordination between the Centre and states to address issues faced by traders and improve the implementation ...
Good news: Property purchase from NRIs gets easier as govt amends Form 141; check how it helpsFrom October 1, 2026, Indian property buyers can buy properties from non-residents without getting a TAN. Instead a new system has been lau...
TDS norms eased for buying NRI propertyThe CBDT has amended Income-tax Rules, 2026, allowing buyers to deposit and report TDS under Section 393(2) of the Income-tax Act, 2025 thr...
CBDT eases TDS compliance for property buyers dealing with non-residentsThe Central Board of Direct Taxes is set to simplify TDS compliance requirements for residents buying property from non-residents. From Oct...
South Korean pension fund seeks India government bond investment licence: ReportSouth Korea's significant pension fund is looking to invest in Indian government bonds, as India strives to enhance foreign capital influx ...