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TAX RESIDENCY
Tax reporting lapses could risk India's sovereign rating, trigger withholding tax penalties: Income Tax Principal DG Debjyoti DasSpeaking to the media on the sidelines of the 'Summit on Global Financial Compliance (FATCA & CRS)' in Mumbai, Debjyoti Das, Principal Dire...05 Nov, 2026, 08.44 PM IST- US green card backlog crosses 15.6 lakh, with over 2.68 lakh employment-based cases pendingThe backlog of US green card applications has surged past 1.5 million, with family-based cases leading the way. Recent data reveals concern...05 Nov, 2026, 01.45 PM IST
- Who is Marisela Nuno? California woman, 53, charged with wire fraud and money laundering in $18 million COVID relief caseIn a startling development, Marisela Nuno of Los Angeles has been indicted for allegedly frauding federal programs out of $18 million. She ...05 Nov, 2026, 10.40 AM IST
- Sebi eases KYC norms for NRIs, OCIs and foreign nationals, allows digital onboarding from overseasSecurities and Exchange Board of India has relaxed Know Your Client requirements for overseas investors. This change enables non-resident I...05 Nov, 2026, 12.25 AM IST
- FICCI makes recommendations to FM ahead of Budget 2027-28, highlights LTCG exemption, TDS relief and faster tax appealsFICCI has recommended the restoration of long-term capital gains tax exemption on listed shares in Budget 2027-28. The organization highlig...04 Nov, 2026, 07.30 PM IST
- Who won in Massachusetts? And all you need to know about Mass ballot questions 2026 results on gun-control, marijuana repeal and moreOn November 3, 2026, Massachusetts voters elected all Democratic representatives to the US House of Representatives. Incumbent Democrat Ed ...04 Nov, 2026, 06.44 PM IST
- California could become the first state to tax billionaires' wealthThe state of California is deliberating on a proposed one-off 5% tax on the net worth of billionaires via Proposition 40. The initiative en...04 Nov, 2026, 12.21 PM IST
- Who is winning Ohio governor race? Can Vivek Ramaswamy win the race amid past controversies and backlash over Amy Acton ad?Who is winning the Ohio governor race? Republican Vivek Ramaswamy and Democrat Amy Acton are competing in the November 3 election to succee...04 Nov, 2026, 02.39 AM IST
- 5 best places to retire in the US in 2027: Affordable homes, warm weather and quality of lifeMidland in Michigan ranks as the top retirement destination due to affordable housing and amenities. Homosassa Springs in Florida offers a ...03 Nov, 2026, 01.21 PM IST
- ₹16 lakh jewellery, ₹3.88 lakh cash treated as unexplained income; here’s why the taxpayer wins at ITAT HyderabadIn a significant ruling, the Hyderabad ITAT absolves Mr Chintakunta of tax additions regarding unexplained cash and jewellery found during ...03 Nov, 2026, 10.09 AM IST
- No free electricity for Bihar taxpayers? CM appeals to income-tax payers to surrender 125-unit benefit and support state's developmentBihar Chief Minister Samrat Choudhary has appealed to financially well-off residents and income-tax payers to voluntarily surrender their b...02 Nov, 2026, 11.35 AM IST
- Shahrukh Khan House: From a rented house in Delhi to Mannat in Mumbai and Jannat in Palm Jumerah in Dubai, how Shah Rukh Khan built his dream homesShah Rukh Khan's property journey stretches from the South Delhi home where he began married life with Gauri Khan to Mumbai's iconic Mannat...02 Nov, 2026, 10.25 AM IST
- Income Tax 2026: 3 key changes in deductions & exemptions every taxpayer must knowThe Finance Act, 2026 outlines significant changes in income tax deductions and exemptions for Tax Year 2026-27. Non-resident individuals w...02 Nov, 2026, 08.43 AM IST
- US green card applications face new tax scrutiny; unpaid dues could affect approval and US citizenshipIn a move affecting green card applications, the US Citizenship and Immigration Services has altered its stance on tax compliance. Unpaid t...01 Nov, 2026, 11.01 AM IST
- Indians working in UK: Per diem paid by Indian company may be tax-free in India if these conditions are metIndians working in the UK may receive per diem payments from their Indian employers. However, these payments are generally taxable in the U...29 Oct, 2026, 05.46 AM IST
- 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
- UK employees receiving per diem payments must separately disclose them if they cross HMRC-specified limits; Know what employees should doIn the UK, employees receiving per diem must be mindful of reporting amounts that exceed HMRC limits, as these payments are taxable income ...24 Oct, 2026, 07.00 AM IST
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