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UNREPORTED INTEREST EXPENSE
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...- Employee worked endless overtime and got no raise despite promise. Years later, he showed his boss the cost of broken trustA Reddit user shared how a manager denied him a promised salary raise despite a successful performance review and allegedly asked employees...
- Authorities allege Pernod Richard withheld Scotch composition, age in effort to pay lower tariffs under $314 mln refund caseIndian tax authorities are in a legal fight with Pernod Ricard. Investigators claim the French company hid the true value of Scotch whisky ...
- Investing in foreign stocks? Missing dividend reporting in your ITR could cost you 200% penalty; here’s how to fix it before it’s too lateIndian investors buying US stocks often overlook reporting dividend income, a common tax oversight. While foreign shares must be declared i...
- Sebi imposes Rs 38 lakh penalty on Coffee Day Enterprises, executives over financial disclosure lapsesSecurities and Exchange Board of India fined Coffee Day Enterprises and nine officials ₹38 lakh for misstating financials between FY20 and ...
- 6 tax mistakes to avoid in first year of retirement: ITR filing, Form 15H, gratuity and NPS taxation explainedThese can increase your tax liability and also result in penalties, fines and notices from the tax department.
- Trump's Golden Dome looks for alternatives to Musk's SpaceXThe Trump administration is diversifying its partnerships for the $175 billion Golden Dome missile defense system, reducing reliance on Spa...
- Drone tech emerges as key focus in India-Argentina talksNarendra Modi visited Argentina and met with Javier Milei. India and Argentina explored collaboration in drone technology. Argentina showed...
- Lavish holidays? Get details ready for new ITR formThe Central Board of Direct Taxes is updating income tax return forms. This aims to address income underreporting. The new forms will seek ...
- Income tax on cash spending: These expenses will be considered as income and accordingly taxed if incurred in cashPay income tax on cash spends: If any liability towards unpaid expenditure is incurred by a person in a year and paid by such person in any...
- Do you claim rent and home loan exemptions? You could be under IT scanner. Read howThe Income Tax Department has employed AI to investigate taxpayers' returns, with fraudulent claims related to house rent and housing loan ...
- One nation, one election: Burden of too many polls; political appetite, not hedging, is answerThe non-stop cycle of general elections has provoked a stream of counter-points culminating in the catchy call of 'One Nation, One Election...
- Meme stock probes and other regulatory headwinds facing RobinhoodRobinhood said that regulators had issued subpoenas or sought testimony and information from the company and CEO Vladimir Tenev as part of ...
- Catch me if you can: For ecommerce fraudsters it may be the end of the gameOnline fraud is growing with the increasing footprint of ecommerce. But, the founders of ThirdWatch believe that the two need not go hand i...
- Ransomware: Impact and action plan for Indian businessesInvestigations have identified WannaCry as the culprit (see box below for more details) and proliferation of this ransomware, in a signific...
- Budget 2012: Foreign bank deposits, paintings, watches may attract wealth tax under DTCDeposits in foreign banks, paintings, sculptures and expensive watches may come under the wealth tax net.
- Power Grid, WAPCOS, BHEL, CPWD want to strike it rich in Afghanistan, but wary of future without Nato forcesIndian companies want to and can strike it rich in Afghanistan, but they are wary of a future without US-led Nato forces who have begun the...
- Income-tax officials conduct half-a-dozen raids in past two days to meet revenue projectionsRaids such as these are normally carried out towards the end of a financial year when the I-T department struggles to meet revenue projecti...
- After HDIL, I-T dept now raids Polycab Wires' officesThe Income Tax department has raided the offices of Mumbai-based cable company Polycab Wires in a swift operation that started late Tuesday...
- HDIL admits to Rs 350 cr in unreported incomeHDIL, the Mumbai-based realty firm currently under the lens of the income tax department, has allegedly admitted to the existence of unrepo...
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