Tax filers scramble to fix foreign asset disclosures: I-T portal data & SMS alerts prompt review of overseas holdings before July 31Taxpayers are receiving alerts about undeclared foreign assets before the July 31 deadline. The tax department has uploaded foreign asset d...
Quote of the day by George Harrison: ‘Life goes on within you and without you’ – The Beatles’ lyric that reveals the secret to letting goGeorge Harrison's quote highlights the importance of inner peace and acceptance. His spiritual outlook shaped his music and influenced mill...
Tighter regime proposed: FCRA Bill seeks custodian for NGO assetsA new bill proposes safeguarding foreign-funded assets when NGO registrations lapse or cease. Revised rules link registration to specific p...
Mauritius tax protocol to give Indian taxman more powers to probe offshore entitiesMauritius cabinet ratified a tax protocol granting Indian officials more questioning powers. This allows direct challenges to offshore enti...
Tariff policy wildly successful, more coming: USTR Jamieson GreerUS Trade Representative Jamieson Greer believes tariff measures reduced trade deficits and encouraged business reshoring. The Trump adminis...
Japanese drugmaker Takeda's Qdenga becomes first dengue vaccine approved in IndiaIndia's drug regulator has approved Takeda's Qdenga dengue vaccine, the first of its kind. This vaccine is expected to become available in ...
Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...
No more March tax-saving rush? How the new tax regime is changing investment choicesAn investment must first stand up as an investment, and be a tax-saver only by accident. However, this problem has now solved itself. The n...
Income tax department slaps notices on foreign investors with no earningsForeign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax depa...
Beyond refunds: Why GST 2.0 is a growth enabler for MSME exportersLiquidity alone won’t close the credit gap that most Indian MSME exporters face. This is where GST 2.0 has its most underappreciated impact...
Taxman to track slipping sectors & top tax payersThe communication, dated June 16, a copy of which was seen by ET, also mandated each zone to submit a report to the Directorate of Tax Rese...
Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...
The taxman wants to know if Indians are taking the FPI route to mask investmentsResident Indians can only invest in FPIs whose exposure to India is less than 50% while total subscription by non-resident Indians (NRI) ca...
New compounding guidelines worries expat directors of MNC subsidiariesEarlier, cos could get away with “compounding”, wherein they would pay additional taxes to avoid legal issues.
Don't threaten, warn or issue show cause notice to taxpayers under Operation Clean Money, CBDT tells taxmanAsking the taxman to keep their queries "relevant and limited", CBDT has asked the Assessing Officers to keep their seniors in loop while p...
Money Trail: 12 things to know if you have money stashed in accounts abroadThese tough posers from the taxman will make the offshore account-holders’ head spin.
CBDT directs I-T Department to keep its offices open till midnight on September 30The taxman will undertake a midnight vigil on September 30 to receive declarations under the domestic black money window - the Income Decla...