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GST 2.0's next move: Council may scrap officers' arrest powers, raise prosecution bar to Rs 5 croreThe GST Council is weighing changes to GST enforcement, including ending officials' arrest powers and shifting to court-ordered arrests. Cr...
An Oklahoma homeowner owned five acres bought from his grandfather in 1994, 32 years later, the county claimed a 40-foot strip beside his house belonged to it and put a $47,000 value on itAn Oklahoma homeowner who bought five acres from his grandfather in 1994 says he believed the entire property was his. Three decades later,...
Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters hereThe baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the ca...
The new oil pipe: Canada wants to break free from the US grip and send more crude to AsiaCanada Prime Minister Mark Carney has fast-tracked the proposed 1-million-barrel-a-day Pacific Link oil pipeline, aiming to reduce Alberta’...
Check gate before the horse boltsIndia is facing challenges in managing foreign remittances, particularly concerning fraudulent transactions and proper certification. A pro...
Rs 9.91 lakh income tax refund for senior citizen after proving that he mistakenly paid income tax on tax-free bonds; ITAT Delhi order explainedMr Ajay Kumar Bakaya a senior citizen from Gurgaon faced a significant tax issue when he accidentally overpaid income tax on his tax-free b...
Deadlines for income tax audit and ITR filing extended for AY 2026-2027 to these datesThe Central Government has extended the deadline for filing Income Tax Returns for the Assessment Year 2026-27. Taxpayers subject to audit ...
Why bond yields are rising and why everyone should careThe bond market has witnessed unprecedented yield levels, peaking at heights not seen in two decades, leading to increased borrowing costs ...
US citizen received Rs 30 lakh income tax demand notice in India, was denied India-US DTAA relief due to a mistake: Know how she won at ITAT DelhiRs 30 lakh income tax demand notice and India-US DTAA benefit denied to US citizen; she fights and wins case in ITAT Delhi; Know how
Tenant received Rs 1.38 crore worth of flats for surrendering tenancy rights for society's redevelopment, he received income tax notice; Know how he won the case in ITAT MumbaiTenant receives Rs 1.38 crore permanent alternate accommodation, gets Section 56(2)(x) tax notice; ITAT Mumbai gives relief; know why. This...
What is the White House pool? These days, it's a battleground between Trump and free press rightsCNN, MS NOW and Politico have sued the Trump administration after being barred from the White House, arguing the move violates their First ...
5 Bangalore landowners formed a partnership firm to develop property, received income tax notice for undisclosed rental income; won relief in ITAT for this reasonBangalore landowners get relief from undisclosed rental income tax notice after proving in ITAT that their partnership firm received the re...
ITR filed under old tax regime by mistake, income tax paid under new regime: How a lady won case in ITAT DelhiFiled ITR under the old tax regime but paid income tax under the new tax regime; ladywins case in ITAT Delhi after proving her accountant m...
No more tax wishlists? FM Sitharaman asks experts to make the case for what should goFinance Minister Nirmala Sitharaman urged tax professionals and industry bodies to move beyond demands for exemptions and rate cuts, asking...
NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITATThe NRI woman's advocate explained that she is a 57-year-old lady with limited technological knowledge and had entrusted an accountant with...
IRS officials may visit taxpayers in Los Angeles, Miami, Dallas, New York and Chicago: Why it happens, what to expect and how to avoid scamsIRS Revenue Officers might conduct in-person visits to taxpayers who have unresolved tax debts or unfiled returns. Such visits are rare and...
Trump's Air Force One emergency slide deploys, delays trip to GOP soiree in TexasUS President Trump experienced a brief delay before his Texas trip due to an emergency slide deployment. Air Force personnel attended to th...
Far-right Alternative for Germany party wins big in regional election but falls short of majorityThe far-right Alternative for Germany party achieved a significant victory in a regional election. This win secured them a strong presence ...
Board exam answer sheets: CIC tells CBSE to charge as per RTI Rules, amend circularThe Central Information Commission ordered CBSE to charge RTI photocopying fees strictly as prescribed. It also directed the board to amend...
Prince Harry's UK return has reopened an old fight over taxpayer-funded securityPrince Harry's return to Britain has reignited debate about whether taxpayers should foot the bill to protect him and his family, with expe...