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TAX STATUTE COMPLIANCE
NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...
India needs to remove tax friction for more FDIIndia is looking to boost foreign investment by reforming its tax system. Recent proposals aim to simplify taxes on foreign holdings. The c...
Green card rules change: An immigration lawyer answers all your key questionsA new USCIS policy memorandum, PM-602-0199, impacts Adjustment of Status applications. Immigration officers will now scrutinize application...
IRS won't tell you about these COVID refunds, but here's how to claim every dollar you are owedNearly 79 million Americans already filed federal tax returns this year. Yet millions may still qualify for hidden IRS COVID refund claims ...
GST fault line: Supreme Court to rule if taxman can bundle years into one sweeping show-cause noticeThe Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...
Is tax clearance mandatory before foreign travel? What the Income-Tax Act, 2025 saysThe introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...
Income Tax Act: As the 2026 tax transition nears, taxpayers may have to navigate two legislations concurrently for next few yearsThe Income Tax Act, 2025 modernises the law while preserving continuity, ensuring that taxpayers are not forced into uncertainty during tra...
Over 2,000 filings a year: The compliance cost of India's GCC boomIndia leads the world in Global Capability Centres, but these innovation hubs face over 500 legal rules and 2,000 annual filings. This comp...
'Reforms Express' powered India's journey through 2025': PM ModiIndia is now a global focus, praised for its rapid progress driven by reforms. Prime Minister Modi highlighted continuous reforms in 2025, ...
'May' isn't 'shall' penalty not the norm in black money law: ITATIn a groundbreaking decision, the Income Tax Appellate Tribunal has opened doors for taxpayers, clarifying that penalties for unreported of...
ITAT rejects Congress appeal against tax demand of Rs 199 crThe Income Tax Appellate Tribunal rejected Congress's appeal. The appeal challenged a tax demand. The tax demand was ₹199.15 crore for 2018...
New income tax bill: What it could mean for taxpayers and how it can impact themNew income tax bill, 2025: FM Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the n...
Simplify ITR forms, bring 'one rate one section' for TDS: Deloitte surveyA Deloitte survey reveals that most income tax filers in India want simpler ITR forms, easier incentive calculations, and a streamlined TDS...
Enhance ease of doing GSTInstitutional strengthening: The key ideas relate to cooperative federalism and implementation of the Taxpayer's Charter, along with focus ...
View: The steel frame around the entire GST ecosystem is holding upIt is time to overhaul the tax rates by gravitating towards a three-rate regime, with the 12% rate being merged into the standard rate, or ...
No additional compliance burden on private companies for LTC scheme: Finance SecretaryUnder the new scheme, employees will have to submit to their companies bills indicating expenditure of an amount 3-times of the LTC. The co...
Here's what govt's Taxpayers' Charter promises and expects from income tax payersPM Narendra Modi launched a platform for honouring the honest taxpayers. One of the key features of the platform is the Taxpayers' Charter ...
Supreme Court overrules its 21-yr-old verdict on tax exemption notificationIn 1997, the apex court had said that in case of any ambiguity in a tax exemption provision or notification, it must be interpreted so as t...
View: Do you know your law? 275 Acts increase the risk of non-compliance in SMEsWith the penal provisions of law and legislation becoming more and more stringent, the management need to exercise care and caution to mini...
Vote on Account 2014: India needs simple and compliance friendly indirect tax regimeIndia is standing on the threshold of an opportunity to streamline its indirect tax regime in the country.