Own property in UAE? Income Tax Department nudges taxpayers to declare undisclosed assets under FAST-DS 2026, know who needs to act and what they can doUAE property owners have received communication from the income tax department regarding undisclosed assets. Taxpayers are prompted to asse...
29 Oct, 2026, 05.17 AM IST
New GST registration route allows online sellers to expand using ecommerce warehouses as local basesStarting November 1, small online sellers will have a new option for GST registration. They can use ecommerce warehouses as local bases in ...
29 Oct, 2026, 01.00 AM IST
Rs 60 lakh cash gift from late husband: Widow gets income tax notice for'unexplained' credit - Know what ITAT ruledMs Parve’s counsel argued in ITAT Pune that she is a housewife and never filed her income tax return (ITR) as she had no independent source...
28 Oct, 2026, 11.52 AM IST
GST clarification on foreign investor brokerage offers sentiment boost, analysts sayThe Indian government has clarified that brokerage paid by overseas clients may qualify as an export service. This could help foreign inves...
28 Oct, 2026, 11.35 AM IST
Brazil's Lula opens state toolbox to woo voters in runoff against Bolsonaro. Here's what is on offerPresident Luiz Inacio Lula da Silva is campaigning against Flavio Bolsonaro in Brazil's upcoming presidential runoff election. Lula is prop...
24 Oct, 2026, 07.48 AM IST
FD rate up to 8.5% for senior citizens investing for five years; know the list of banksSenior citizens in India have exciting options for fixed deposits, with top banks enticing them with appealing interest rates. Leading the ...
24 Oct, 2026, 07.00 AM IST
Retired employee gets income tax notice over Rs 9.29 lakh leave encashment; ITAT Jaipur cancels it and gives him full tax exemption, here's whyMr. Gupta, a former employee of the State Bank of India, found himself facing an income tax notice concerning Rs 9.29 lakh in leave encashm...
23 Oct, 2026, 08.42 AM IST
Retired bank employee claims tax exemption on Rs 9.53 lakh leave encashment, faces income tax notice and wins full relief at ITAT JaipurAfter retiring from the State Bank of India, Chhaju found himself facing a tax exemption cap of Rs 3 lakh on his leave encashment totaling ...
23 Oct, 2026, 08.39 AM IST
Tax matters, as does capital: Is it time for India to reconsider its LTCG tax policy on listed equities amid rising global competition?Debate on long-term capital gains (LTCG) tax and securities transaction tax (STT) has gained momentum, with the government recognizing its ...
22 Oct, 2026, 08.10 AM IST
Income Tax Rules 2026: CBDT notifies Form 173A to claim exemption on interest, capital gains from government securitiesIn a significant update, the Central Board of Direct Taxes has rolled out Form 173A, effective from October 19, 2026, under the Income-tax ...
21 Oct, 2026, 12.35 PM IST
CBDT mandates new disclosures for tax-free gains on govt securitiesThe Central Board of Direct Taxes has introduced new disclosure requirements for taxpayers claiming exemptions. Taxpayers will need to prov...
20 Oct, 2026, 11.45 PM IST
I have LTCG tax liability of Rs 16 lakh from land sale; should I pay income tax or reinvest to save?ET Wealth Reader's Query: I am 57. I recently sold a piece of land near Jewar airport, resulting in a long-term capital gains (LTCG) tax li...
20 Oct, 2026, 03.23 PM IST
CBDT makes Form 173A mandatory to claim tax exemption on interest and gains from government securitiesThe Central Board of Direct Taxes has introduced Form 173A for income-tax exemption claims. This new form includes detailed information to ...
20 Oct, 2026, 11.08 AM IST
Maharajah Bonds gain investor appeal with TDS exemptionIn a notification dated October 19, the Central Board of Direct Taxes (CBDT) said no tax would be deducted at source on interest paid to el...
20 Oct, 2026, 06.28 AM IST
CBDT exempts interest payments on rupee-denominated bonds issued by New Development Bank from TDSThe exemption applies to holders of Maharajah INR Bonds who are Indian residents or foreign institutional investors, for the 2026-27 tax ye...
19 Oct, 2026, 10.20 PM IST
Retired employee received income tax notice for Rs 9.04 lakh leave encashment; she wins case in ITAT Jaipur, know how leave encashment is taxedRetired employee sent income tax notice for Rs 9.04 lakh leave encashment, she wins case in ITAT Jaipur; Know how leave encashment is taxed...
16 Oct, 2026, 02.21 PM IST
Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...
15 Oct, 2026, 02.43 PM IST