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Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...- Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...
- Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by Decembe...
- I-T department officials discuss roadmap for improving services for taxpayersSenior Income Tax officials met in Jaipur for a two-day conclave. They discussed improving taxpayer services and reducing litigation for th...
- Succession Planning: 8 key tax considerations you should take into accountSuccession planning involves connected legal and tax events, not just death. Income earned before death must be reported by the deceased's ...
- NRI bought life insurance policy in Dubai from a foreign insurer, got maturity proceeds after returning to India, his claim for tax exemption was denied; he won the case in ITAT for this reasonAn Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life ...
- ITR filing 2026: How freelancers and F&O traders should declare their incomeEarning income from futures and options trading or other side hustles? Cumbersome compliance, reconciliation and disclosures mean taxpayers...
- India opens tax amnesty scheme for small taxpayers to declare select foreign assetsIndia's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared f...
- Karnataka CM’s guarantee scheme figures don’t add up, alleges BJP’s R AshokaBJP leader R Ashoka has demanded a white paper on Karnataka's guarantee schemes. He alleges that Chief Minister D K Shivakumar presented co...
- 'India was, is and will be one of fastest-growing economies': SBI ResearchIndia remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and deposit growth indicate...
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...
- Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...
- Trump allows Navy to build ships abroad, orders return to steam catapults on carriersUS President Trump directed the Navy to revert to steam catapults for new aircraft carriers. This design change will add hundreds of millio...
- Got Income Tax notice asking you to pay Rs 6,000 in tax? Check this warning from government’s fact check teamAttention taxpayers: a fraudulent Income Tax notice demanding a payment of Rs 6,000 has been detected online. The Fact Check team from the ...
- BJP accuses Rahul Gandhi of changing goalposts, says Monsoon Session fell victim to 'one leader's ego'The BJP accused Rahul Gandhi of disrupting Parliament sessions. They alleged his ego and indiscipline caused significant taxpayer money was...
- Debt grows slower than GDP, CAG says; revenue lapses persistGovernment debt servicing remains positive, with loan accumulation below GDP expansion. However, irregularities worth ₹603 crore were found...
- What is Child Tax Credit? IRS confirms up to $1,700 in ACTC refunds - Check age, residency and income eligibilityThe Child Tax Credit provides families with a benefit of up to $2,200 for each child. Part of this credit might be refundable via the Addit...
- Sold land for Rs 7.24 crore, paid no tax, received income tax notice; Know how Google Earth photos and revenue records helped taxpayer to win this case in ITAT AhmedabadFamily member sold his 1/3rd share of agricultural land for Rs 7.24 crore, pays no tax, tax dept sent notice, he wins case in ITAT Ahmedaba...
- Lower or nil TDS certificates to go fully online soon, rules being framedNew rules are being prepared for electronic applications for lower TDS certificates. Taxpayers can soon apply online for reduced or nil tax...
- IRS tax credit could mean up to $8,231 for eligible workers: Who qualifies for the Earned Income Tax Credit, how much you could receive and what you should check before filingThe IRS Earned Income Tax Credit (EITC) can provide significant tax relief to eligible low- and moderate-income workers. For tax year 2025,...
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