As Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...

July marks crucial income tax deadlines for Indian taxpayers. The major deadline is July 31 for salaried individuals and pensioners to file...

Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...

Real money gaming founders are urging the GST Council to shield them from personal tax liabilities and offer amnesty on past dues following...

NRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...

The Enforcement Directorate (ED) has questioned Sharan S Kartha, Joint Managing Director of CMRL, for the second time in a money laundering...

Resident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...

Returning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...

India's Goods and Services Tax, now in its tenth year, is evolving towards greater efficiency. The government is leveraging AI, data sharin...

Taxpayers shifting their business location will now have their ongoing tax proceedings seamlessly transferred to the new jurisdictional aut...

For India Inc., including MSMEs, the focus appears to have shifted from stabilisation to optimisation, as confidence grows on account of di...

Missed reporting your Fixed Deposit interest in your Income Tax Return? Don't worry, you can still fix it. The Income Tax Department receiv...

ITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...

A senior citizen wrongly paid tax on Rs 24 lakh retrenchment compensation received under a BSNL Voluntary Retirement Scheme. Despite a sign...

As businesses generate larger volumes of financial and operational data, tax functions are becoming an unexpected proving ground for AI pro...

The ITAT has held that the accrued interest component embedded in sale proceeds from non-convertible debentures cannot automatically be tre...

Indian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...