FD rate up to 8.5% for senior citizens investing for five years; know the list of banksSenior citizens in India have exciting options for fixed deposits, with top banks enticing them with appealing interest rates. Leading the ...
24 Oct, 2026, 07.00 AM IST
The Bond who came back from the dead: The risky world of AT1 bondsYes Bank AT1 bonds are back in the spotlight after the Supreme Court upheld the ruling invalidating their ₹8,415-crore write-off during the...
23 Oct, 2026, 05.02 PM IST
Rs 4.29 crore commodity trading turnover, no books of accounts, Rs 3.42 lakh income declared in ITR; Income Tax Dept imposed Rs 25,000 penalty, but he wins case in ITAT JaipurRs 4.29 crore commodity trading turnover, no books of accounts, Rs 3.42 lakh income declared in ITR, Income Tax Dept imposed Rs 25,000 pena...
22 Oct, 2026, 05.44 PM IST
Income tax audit report deadline today: How to check whether your CA has uploaded report on e-filing portalDon’t miss the deadline on October 21, 2026, for filing tax audit reports for Assessment Year 2026-27! Taxpayers can verify their report up...
21 Oct, 2026, 03.21 PM IST
Transferring immovable property? How TDS compliance is now simpler with new Form 141With the introduction of Form 141, taxpayers can easily report TDS by combining several earlier forms into one streamlined approach. This u...
17 Oct, 2026, 04.27 PM IST
New York energy rebate checks are rolling out through December. Yours could be worth $100, $150 or $200New York is mailing millions of energy rebate checks through December 2026, with eligible residents receiving $100, $150 or $200 under the ...
16 Oct, 2026, 10.45 PM IST
IRS Form 1040: How to check if you qualify for a tax credit and how much you could getFamilies filing their federal income tax returns in 2026 could qualify for up to $8,800 through the IRS Child Tax Credit. The maximum appli...
14 Oct, 2026, 11.35 PM IST
Canada-based senior citizen faced income tax liability of ₹83.2 lakh as STCG; here's why he wins at ITAT Bengaluru on technical groundA recent ITAT ruling highlights the critical importance of following proper legal procedures in income tax reassessment cases. When a taxpa...
14 Oct, 2026, 01.13 PM IST
IRS is not sending $4,427 payments right now: When eligible taxpayers can claim the 2026 EITCThe IRS has set the maximum Earned Income Tax Credit at $4,427 for 2026 for eligible workers with one qualifying child. The IRS set these a...
14 Oct, 2026, 01.34 AM IST
GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue officialDuring the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to i...
12 Oct, 2026, 10.09 PM IST
Married couples, take note: The $32,200 standard deduction in 2026 could shrink your taxable income before you even start itemizing nowThe Internal Revenue Service (IRS) announced tax adjustments for 2026, incorporating annual inflation updates alongside changes made under ...
12 Oct, 2026, 06.49 PM IST
GST registration changes to get automatic approval for business name, additional address updatesThe government has simplified the procedure for amending GST registration details for businesses in India. Changes to legal names, constitu...
10 Oct, 2026, 02.01 PM 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
FD rate up to 8.25% for senior citizens investing for five years; know the list of banksCurrently, multiple banks are offering attractive fixed deposit interest rates that go up to 8.25% specifically for senior citizens. Suryod...
10 Oct, 2026, 10.00 AM 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
Good news: If penalty is imposed for misreporting of income or other cases you can apply for waiver of penalty using revised Form 161; Check the detailsOn October 8, 2026, the Central Board of Direct Taxes introduced a revised Form 161 for taxpayers. This new form allows eligible individual...
09 Oct, 2026, 06.22 PM IST
No rate cuts, but big GST relief: 8 reforms on refunds, ITC, registration and enforcement | ExplainedThe GST Council has approved a sweeping process overhaul, easing registration, speeding up refunds, widening input tax credit and reducing ...
08 Oct, 2026, 06.33 PM IST