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In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax Court- Tyler Perry donated $750,000 to help Atlanta seniors keep their homes; His gift is now fighting rising property taxes
- Married couples, take note: The $32,200 standard deduction in 2026 could shrink your taxable income before you even start itemizing now
- Salary from South Korean employer credited to NRE account triggers income tax notice; ITAT Bangalore gives employee reliefEmployee gets income tax notice over salary received in NRE account from South Korean employer; ITAT Bangalore gives him relief. Know what ...12 Oct, 2026, 04.11 PM IST
- Restaurants face income tax scrutiny as suspected tax evasion tops Rs 25,000 croreThe income tax department in India has identified significant tax evasion by thousands of restaurants. Approximately 8,000 restaurants show...12 Oct, 2026, 12.41 PM IST
- Best tax saving mutual funds or ELSS to invest in October 2026Tax saving mutual funds or ELSSs invest in stocks. Therefore, they have a very high risk. You should be aware of this aspect, especially if...12 Oct, 2026, 09.51 AM IST
- When do you need a tax residency certificate to claim lower tax rate under DTAA for Tax Year 2026For Indians earning income from overseas, securing a tax residency certificate is essential to avail benefits under the Double Taxation Avo...10 Oct, 2026, 01.26 PM IST
- Landowner gets Rs 6 crore by selling TDRs received for giving up land for road widening, pays no tax; ITAT Bangalore rules TDR sale taxable as capital gainsFor giving up 2,839 sq. metres of land, BBMP gives landowner TDRs which landowner sells to builder for Rs 6 crore; Income Tax Dept sends no...10 Oct, 2026, 12.04 PM IST
- Give without paying gift tax: The $19,000 annual exclusion is unchanged for 2026, and it lets you move money without gift tax this yearThe IRS announced major tax changes for 2026. Standard deductions increase to $16,100 for single filers and $32,200 for couples. The gift t...09 Oct, 2026, 11.11 PM IST
- Who pays 0% capital gains tax in 2026? Check the IRS income limitsSome investors may pay 0% federal capital gains tax in 2026 if their taxable income stays within IRS limits. Single filers can qualify with...09 Oct, 2026, 09.39 PM IST
- This $2,000 IRS tax credit can help pay for college in 2026, but there's an income catchTaxpayers pursuing education may benefit from the Lifetime Learning Credit for eligible expenses incurred. This credit covers 20% of up to ...09 Oct, 2026, 08.39 PM IST
- I-T dept moves appellate tribunal against Rs 32.66-cr tax relief to Dr Lal PathLabsDr Lal PathLabs, in a regulatory filing, said that it received an intimation on Wednesday regarding an appeal filed by the I-T Department b...09 Oct, 2026, 12.29 AM IST
- Digital nomads take note: The $132,900 foreign earned income exclusion for 2026 could wipe out tax on overseas income, here's the catchFor Americans earning money while living and working abroad, one of the biggest 2026 tax changes is the higher foreign earned income exclus...08 Oct, 2026, 10.31 PM IST
- US tax savings 2026: What are the best ways taxpayers can use to potentially lower their tax bill? Know the rulesWhen it comes to taxes, what you end up paying really depends on things like your income, financial goals, and how you file. Luckily, there...07 Oct, 2026, 10.03 PM IST
- Brussels looks to capture Big Tech through tax on large corporationsBrussels is considering taxing big US tech companies through a broad levy on large corporations in an effort to raise revenues for the EU w...07 Oct, 2026, 11.20 AM IST
- Do you have to pay tax in India or abroad? Why your residential status is important factorIndividuals earning income abroad must understand their tax residency status according to the Income Tax Act. The Act outlines conditions b...07 Oct, 2026, 10.10 AM IST
- Tax credit vs deduction in 2026: How a $20,000 credit could cut a $50,000 tax bill to $30,000IRS tax credit and deduction explained: A tax credit and a tax deduction can both lower your tax burden, but they work differently. Here’s ...07 Oct, 2026, 04.44 AM IST
- Product's form at sale, not end use, will determine tax rate: Supreme CourtThe Supreme Court has ruled that the tax rate applicable to a product must be determined by its physical form at the time of sale, not its ...07 Oct, 2026, 12.49 AM IST
- Expecting a bonus, stock compensation or property sale in 2026? Check your withholding before a surprise tax bill in 2027A bonus, stock compensation or property sale can change your 2026 tax picture. Here’s what taxpayers should know about withholding, estimat...05 Oct, 2026, 11.06 PM IST
- At 14, Warren Buffett paid $7 in taxes. Today, his Berkshire empire pays $26.8 billion as he questions the rich’s tax burdenWarren Buffett’s first tax bill was just $7. He was 14 and earned most of his money delivering newspapers in Washington, D.C. He also had a...05 Oct, 2026, 08.36 PM IST
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