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GST reforms 2026: Govt plans faceless, centralised CGST system for 2 lakh multi-jurisdiction taxpayersGST reforms 2026 will move around 2 lakh businesses operating across multiple CGST jurisdictions towards a centralised, faceless tax admini...10 Oct, 2026, 03.53 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
- 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
- GST reforms: 16 lakh small businesses may get annual return option, easier e-commerce sellingMore than 16 lakh small businesses with turnover up to Rs 5 crore could benefit from a simplified GST compliance regime, under which they w...09 Oct, 2026, 12.48 AM IST
- Paying off student loans? Deduct up to $2,500 in interest on your 2026 return, but watch the income limits that could cut it off earlyStudent loan borrowers may get a valuable tax break in 2026. The IRS still allows eligible taxpayers to deduct up to $2,500 in student loan...08 Oct, 2026, 11.35 PM IST
- Digital nomads take note: The $132,900 foreign earned income exclusion for 2026 could wipe out tax on overseas income, here's the catchFor Americans earning money while living and working abroad, one of the biggest 2026 tax changes is the higher foreign earned income exclus...08 Oct, 2026, 10.31 PM IST
- GST winners 2026: No rate cuts, but small businesses, exporters and taxpayers have plenty to gain. Here's howGST Reform Winners 2026: The GST Council has greenlit key reforms intended to simplify compliance for businesses across the board. Small bu...08 Oct, 2026, 06.20 PM IST
- Democrats sue Trump to halt taxpayer-funded TV ads that praised himDemocratic National Committee has filed a lawsuit against Donald Trump regarding taxpayer-funded election-related television ads. The lawsu...08 Oct, 2026, 07.27 AM IST
- US tax savings 2026: What are the best ways taxpayers can use to potentially lower their tax bill? Know the rulesWhen it comes to taxes, what you end up paying really depends on things like your income, financial goals, and how you file. Luckily, there...07 Oct, 2026, 10.03 PM IST
- 86% of Americans say taxpayer-funded Trump election ads are inappropriate: Reuters/Ipsos pollA recent poll shows that 86% of Americans believe taxpayer funds should not be used for election-related ads. Criticism arises regarding ad...07 Oct, 2026, 07.47 AM IST
- Trump doesn't commit to repaying federal funds spent on TV ads that praised himUS President Trump indicated he would cover future ad expenses from his campaign account while federal taxpayer funds remain unrefunded. Cr...07 Oct, 2026, 06.46 AM IST
- Tax credit vs deduction in 2026: How a $20,000 credit could cut a $50,000 tax bill to $30,000IRS tax credit and deduction explained: A tax credit and a tax deduction can both lower your tax burden, but they work differently. Here’s ...07 Oct, 2026, 04.44 AM IST
- Centre plans faceless CGST scheme in 3-4 months, seeks to cut taxpayer-officer interfaceThe Centre plans to launch a pilot faceless scheme under the Central Goods and Services Tax. The aim of the scheme is to reduce direct inte...06 Oct, 2026, 05.45 PM IST
- FAST-DS 2026: Have undisclosed overseas crypto assets? Know the ₹1 crore and ₹5 crore threshold rules before you discloseIf you're managing cryptocurrency on international exchanges without disclosing them in India, the Foreign Assets of Small Taxpayers – Disc...06 Oct, 2026, 09.11 AM IST
- Trump says taxpayers will no longer pay for TV ads that praised himUS President Donald Trump faced criticism for using taxpayer funds for advertisements promoting his agenda. The ads have raised concerns am...06 Oct, 2026, 06.32 AM IST
- “God Made Trump, the Country He Loves”: 13 taxpayer-funded ads and $20 million campaign revealed as Trump’s unusual ad blitz expandsThe Trump administration is actively utilizing 13 taxpayer-funded, campaign-style ads to promote its policies. These advertisements showcas...03 Oct, 2026, 08.16 PM IST
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