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TAX PROSECUTION
Missed ITR deadline and TDS refund is due? Know how to claim your refund before it’s too lateMissed the ITR filing deadline? Don't panic! You might still claim your TDS refund. Learn about filing belated returns, potential fees, int...- In 2021, Tyler and Wendy Chambers bought 66 acres for their dream home in Washington; 5 years later, they still haven’t built it after nearly $300,000 in costs and a 44-acre disputeA Washington man's plan for a family home on sixty-six acres became a costly dispute. Excavation and environmental studies led to significa...
- BRICS adopts New Delhi Declaration: Inside the 140-point document on Global South's ambitionsBRICS leaders adopted the New Delhi Declaration at the 18th summit, reaffirming their commitment to cooperation, multilateralism and a more...
- Global Market: Hong Kong draws professionals back as IPO boom revives financial hubHong Kong is seeing finance professionals return as a strong IPO market, rising corporate investment and deeper China links revive its appe...
- India's Serious Fraud Office recommends 'detailed' probe into Xiaomi's business in countryIndia's Serious Fraud Office proposed investigating Xiaomi for alleged business irregularities. The probe would examine fund movements and ...
- SC gives govt two weeks to file list of black money cases pending in HCsThe Supreme Court granted the government two weeks to list cases. These cases challenge provisions of the Black Money Act, including Anil A...
- Porn may be legalised and taxed in Ukraine as new bill aims to generate $25 million to fund the war against RussiaUkraine is weighing a bill that could legalise and tax its pornography industry, with lawmakers estimating it could generate up to $25 mill...
- SC to hear Monday plea concerning cash donations received by political partiesThe Supreme Court will hear a plea challenging anonymous cash donations below Rs 2,000. This provision of the Income Tax Act is questioned ...
- Georgia court grants bail to Rajahmundry-born teacher detained by US immigration authoritiesA Rajahmundry-born teacher, Venkata Narasamamba Vasamsetty, received bail from a federal court in Georgia. She was detained by US Immigrati...
- Rupee slide, valuation rules put foreign asset disclosure scheme out of reach for manyThe rupee's depreciation and strict valuation rules hinder foreign income disclosure. A one-time voluntary disclosure window allows regular...
- Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadlineIndia's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on ...
- Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
- Divorce dispute turns into legal battle: The financial costs a husband may faceThe aftermath of matrimonial disputes often lingers long after a marriage has ended, imposing hefty financial and legal challenges on men. ...
- Insolvency professionals need to be wary of IBC abuse indicators: IBBIInsolvency professionals are now required to watch for at least nine "indicators" to prevent abuse of the Insolvency and Bankruptcy Code (I...
- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...
- Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...
- Trump promised a sex-trafficking crackdown. His Justice Department hasn't deliveredFederal sex trafficking prosecutions have significantly declined in recent months. Staffing shortages and funding cuts have hampered invest...
- US court dismisses criminal charges against Gautam Adani, Sagar Adani; senior lawyers laud decisionA US federal court has officially dismissed the criminal charges against Gautam Adani and his nephew, thanks to the Justice Department's re...
- Rahul Navin gets one-year extension as ED DirectorThe government has extended Enforcement Directorate Director Rahul Navin's tenure by one year. His service will now continue until August 1...
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