What is DTAA? How to avoid double taxation on foreign income and claim tax credit in IndiaIf you are confused by personal finance terms, jargon and calculations, here’s a series to simplify and deconstruct these for you. In the 1...
22 Jun, 2026, 06.30 AM IST
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
19 Jun, 2026, 05.41 PM IST
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
19 Jun, 2026, 03.44 PM IST
Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
02 Jun, 2026, 07.11 AM IST
Missed the Enhanced STAR deadline? Thousands of New York seniors could still recover $1,000 property tax relief through a hidden late-filing opportunity many homeowners never realized existedThousands of New York seniors may still qualify for Enhanced STAR property tax relief worth more than $1,000 despite missing earlier filing...
18 May, 2026, 09.31 PM IST
Tax-free allowances rise, so do employer costs: The salary structuring dilemma under the Social Security CodeEnhanced tax-free allowances under the Income-Tax Rules, 2026 can improve employees’ take-home pay. However, the expanded definition of “wa...
06 May, 2026, 07.33 AM IST
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
29 Apr, 2026, 01.35 PM IST
Tax exemption on disability pension denied after voluntary retirement; Gujarat High Court rules in favour of ex-servicemanThe Gujarat High Court has made a significant ruling, establishing that disability pensions are not subject to income tax, even for individ...
09 Dec, 2025, 10.46 AM IST
Four critical changes in Income Tax Act: Standard deduction, UPS, income tax search, and other changes to be applicable in FY 2025-26Finance Minister Nirmala Sitharaman announced four key amendments to the Income Tax Act, 1961, addressing tax exemptions for sovereign weal...
21 Aug, 2025, 12.37 PM IST
Income tax bill 2025 changes: Commuted pension, house property income, nil TDS, and other changes, you should knowThe revised Income Tax Bill 2025, approved by the Lok Sabha, addresses drafting errors from the previous version, set to take effect on Apr...
14 Aug, 2025, 12.41 PM IST
Changes in tax on lumpsum and premature withdrawals under UPS and NPS in the latest version of Income Tax Act, 1961FM Nirmala Sitharaman introduced the Taxation Law (Amendment) Bill, 2025, in Lok Sabha, aiming to align the tax treatment of the Unified Pe...
14 Aug, 2025, 12.40 PM IST
Parliament passes new Income Tax BillThe Parliament has approved the revised Income Tax bill, incorporating nearly all recommendations from the Select Committee. This follows t...
12 Aug, 2025, 06.54 PM IST
Lok Sabha passes Taxation Laws (Amendment) Bill amid dinThe Lok Sabha approved the Taxation Laws (Amendment) Bill, 2025, extending tax exemptions to subscribers of the Unified Pension Scheme. Int...
11 Aug, 2025, 04.37 PM IST
Top investors seek play for LIC, NPS in venture capital funds; tax clarityThe investors are also expected to broach sensitive topics such as flipping of Indian origin companies to foreign jurisdictions to get easi...
16 Jan, 2021, 08.32 AM IST
TDS to be deducted on annuity payable to Overseas Citizens of India, NRI NPS subscribersBased on a clarification received from IRDAI, it is hereby clarified that annuity payable by ASPs NRIs and OCIs will be taxed at source, at...
27 Dec, 2019, 12.07 PM IST
PFRDA scouting for tax consultant for 2016-17The selected consultant, it further said, will also update PFRDA about various amendments taking place in tax laws and rules, regulations, ...
28 Jun, 2016, 07.54 PM IST
- Weigh DTC provisions while choosing tax saving instruments
The avenues available for tax saving investments are less under the DTC compared to the existing tax laws.
03 Jan, 2012, 06.21 AM IST