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TAXPAYER RIGHTS
FBAR 2026: Have more than $10,000 in foreign accounts? This overlooked U.S. filing rule could cost you thousands if you miss Form 114- Rs 5.31 lakh income tax refund denied as taxpayer did not claim it in the original ITR; he approaches ITAT Delhi and wins the case to get tax refund with interest
- IRS final notice of Intent to Levy: What 30 days means before the IRS can seize money or property
- Freelancers filing ITR? Don't get these 5 things wrong: Form, expenses, 44ADA, foreign income, and moreFreelancers preparing for AY 2026-27 have a new ITR submission deadline, offering relief to many. Understanding tax audit requirements is e...22 Aug, 2026, 06.37 AM IST
- NRI selling Indian assets? US, UK, UAE, Canada, Australia or Singapore - how your country of residence could decide the income tax billWhen selling Indian assets, be cautious of the potential tax implications linked to your country of residence. Tax obligations can vary bas...20 Aug, 2026, 03.12 PM IST
- 8 income tax notices that salaried employees can get after filing ITR; know what they mean and how to respondEmployees who are on a salary may find themselves receiving tax notices following their income tax return filings. These notices typically ...20 Aug, 2026, 02.30 PM IST
- 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 ...18 Aug, 2026, 03.18 PM IST
- SBI's error in depositing TDS cost landlord Rs 2.7 lakh in TDS credit; Landlord fights in ITAT Agra and wins the caseSBI paid Rs 40.62 lakh rent to three landlords but erroneously reported entire TDS against one landlord's PAN, leading to tax dept denying ...18 Aug, 2026, 02.35 PM IST
- 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...17 Aug, 2026, 12.52 PM IST
- States should mine more, not tax more: The fiscal lesson from OdishaNew legislation will remove state powers to levy taxes on minerals. This change is expected to encourage investment and increase mineral pr...12 Aug, 2026, 12.11 AM IST
- “Our top priority is to…”: Why Texas just hit pause on new data centers as Greg Abbott orders audit amid Elon Musk’s Texas pushTexas has paused approvals for new data centers as Governor Greg Abbott orders a sweeping audit of projects seeking access to the state’s p...08 Aug, 2026, 10.52 PM IST
- US Senate passes sweeping Russia sanctions bill; new tariff threat for India, China aheadThe Senate overwhelmingly approved a Russian sanctions package on Friday. This legislation penalizes countries buying Russian oil and gas e...08 Aug, 2026, 12.13 PM IST
- Trump signs orders to limit US birthright citizenship, despite Supreme Court rulingPresident Donald Trump is again seeking to limit birthright citizenship for newborns. He signed two executive actions on immigration, which...07 Aug, 2026, 01.14 PM IST
- Michigan Senate primary: El-Sayed, Stevens face off in key test of Democrats’ Israel stanceMichigan's Democratic Senate primary is a key test for the party's future direction. The contest pits a progressive against a moderate, hig...05 Aug, 2026, 07.42 AM IST
- Man, who refused US job offer earlier, pays over Rs 1 crore income tax, says 'I'm earning for someone else'; sparks debateA man's Rs 1.14 crore income tax payment sparked debate on taxpayer value in India. He chose to stay in India despite overseas job offers t...03 Aug, 2026, 03.26 PM IST
- Man was denied Section 54F income tax exemption as builder delayed villa construction by 4 years; Telangana HC grants relief, says taxpayer can't suffer for builder's faultBuilder delayed villa's construction by 4 years, thus tax dept denied Section 54F tax exemption to homebuyer; Telangana HC says homebuyer c...02 Aug, 2026, 08.10 AM IST
- Confused about ITR forms? Here's how to pick the correct ITR for AY 2026-27Choosing the right Income Tax Return form for AY 2026-27 depends on income sources. ITR-1 now allows reporting income from two house proper...31 Jul, 2026, 02.07 PM IST
- ITR filing mistakes to avoid before July 31 deadline: Expert reveals 5 mistakes that can lead to delays, failure of ITR form submissionITR filing : Taxpayers rush to file income tax returns before the July 31 deadline. Common errors include not e-verifying and mismatched pe...29 Jul, 2026, 06.25 PM IST
- TDS deducted but you haven't filed your ITR yet? Here's what happens if you miss the July 31 deadlineFailing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late fi...29 Jul, 2026, 06.24 PM IST
- Are you an NRI who sold an under-construction property? Here's what actually counts as your “Date of Purchase” for capital gains calculationNRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term ca...29 Jul, 2026, 11.21 AM IST
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