Candace Owens Tour Promoter Liquidated, Fans Unpaid
Rocksman, promoter of Candace Owens' cancelled Australia tour, enters liquidation. Fans await refunds as company owes $68k in taxes. Read the full story.
Category : Search result: foreign income taxation
India's Tobacco Tax Reform: Economics Over Morality
India's new tobacco tax policy prioritises economic rationale, addressing healthcare costs and lost productivity. Read the analysis of this critical public health and fiscal decision.
Bengaluru Man Shares 4-Day Rapido Gig Earnings Breakdown
A Bengaluru man's detailed Reddit post reveals he earned Rs 2,220 in 4 days as a part-time Rapido captain. His breakdown of hours, fuel costs, and night incentives offers a rare, transparent look at gig work income in India. Read his full story.
Saudi Arabia Removes All Restrictions for Foreign Investors
Saudi Arabia eliminates Qualified Foreign Investor rules, opening its $2.3 trillion stock market to all global investors from February 1. This major reform aims to boost inflows and revive the Tadawul index after a 13% slump.
145+ Nations Agree on Updated Global Minimum Tax Deal
More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.
Retirement Tax Burden Grows for India's Salaried Employees
Recent tax amendments on PF, NPS, and superannuation funds create financial anxiety for India's middle class. Explore the impact and calls for reform.
NRI Tax on Foreign Income: Key Rules Explained
An OCI cardholder consultant working from India asks if foreign client fees are taxable. Expert explains residential status, FEMA rules, and disclosure requirements. Read more.
Delhi HC on Foreign Income & Spousal Maintenance
Delhi High Court rules a husband's foreign earnings cannot be simply converted to INR for maintenance. Justice Amit Mahajan enhances interim maintenance to Rs 1 lakh per month. Read the full analysis.
Telangana Assembly Passes Motor Vehicles Tax Amendment Bill
Telangana govt levies road safety tax on new vehicles; funds to boost safety measures. Assembly also approves two private universities. Read key details.
1907 Ground Tax in Lyallpur: Colonial Revenue Policy
In 1907, the British Raj imposed a ground tax in Lyallpur, now Faisalabad. This colonial revenue policy aimed to boost income from the fertile Chenab Colony. Discover its historical impact.
Punjab Tax Dues Scheme Deadline Extended to March 31
Punjab government extends deadline for its 'Settlement of Arrears of Tax Dues Scheme' to March 31, 2025. Traders get more time to clear pending dues with significant concessions. Act now to benefit!
Govt Debunks 85% Tax on ₹10 Lakh Bank Transactions
PIB Fact Check refutes viral social media claim of an 85% tax on transactions over ₹10 lakh. No such tax exists. Read details on the new Income Tax Act 2025 and its simplified rules.
India Eyes Higher Cigarette Tax to Match Health Impact
India considers calibrated excise duty hikes on cigarettes, citing current modest rates and significant fiscal and public health space for increase. Read the full analysis.
Last Date for Revised ITR is Dec 31: Key Steps
Taxpayers can file revised ITR until Dec 31, 2025 for AY 2025-26. Learn how to check your refund status online and understand common reasons for processing delays.
Telangana's Economy Nears Middle-Income Country Status
Telangana's per capita income is set to hit $5,000, surpassing nations like Pakistan and Nepal. Driven by GCCs and steady growth, the state's economy is reshaping its global standing. Explore the full analysis.
NITI Aayog Wants to Decriminalise Income Tax Offences
NITI Aayog's new paper recommends decriminalising many income tax offences to shift from fear to trust-based compliance. Could this reform boost investment and ease business?
How to Declare US RSUs in Your Income Tax Return
Chartered accountant Mahesh Nayak received a tax notice for undisclosed foreign assets. Learn how to correctly declare US RSUs in your ITR, including cost vs. current value and filing a revised return.
Debt Funds See Slower Inflows, ₹22,105 Cr Outflows in 2025
Debt mutual funds face net outflows of ₹22,105 crore in 2025, lagging behind hybrid and equity funds. The 2023 tax change removing indexation benefits is a key factor. Read the full analysis.
Thai-Cambodian Diplomats Meet in China to Solidify Border Truce
Top diplomats from Thailand and Cambodia held talks in China to strengthen a ceasefire after deadly border clashes. The meeting, facilitated by Beijing, focused on de-escalation and peace.
Record $18B FPI Exit in 2025: A Worrying Trend for India
Foreign investors pulled a record $18B+ from Indian equities in 2025. We explore the reasons behind the tepid interest despite 8% GDP growth and its implications for India's economy. Read the full analysis.
India's Forex Reserves Surge to $693.32 Billion
India's foreign exchange reserves rose sharply by $4.368 billion to $693.318 billion in the week ended December 19, as per RBI data. Gold reserves saw a strong gain. Read the full analysis.
US May Leave 100+ Embassies Without Ambassadors
Democratic senators warn of a global leadership vacuum as Trump recalls 30 envoys. Could China and Russia exploit the gap? Read the full analysis.
Entrepreneur to leave India over taxation 'suspicion'
Bengaluru entrepreneur Rohit Shroff announces exit from India by 2026, criticising the tax system for targeting compliant taxpayers. His LinkedIn post sparks online debate.
Revised ITR Filing: No Limit, But Key Deadline is Jan 31
Taxpayers have until January 31, 2025, to file revised income tax returns for AY 2025-26. Learn the step-by-step process and crucial rules for correcting errors in your ITR.
India's 2026 Income Survey to Tackle Critical Data Blind Spot
India's upcoming Household Income Survey 2026 aims to close a decades-long data gap on what homes earn, moving beyond consumption for better policy. Read how this will reshape economic understanding.
NRI Tax Guide for Joint Accounts & Property Sale
NRIs, learn the tax implications of being a joint holder on parents' Indian bank accounts and the online procedure to apply for a nil TDS certificate when selling property in India. Expert advice inside.
ITR Processing Deadline: CPC Must Finish by Dec 31, 2026
The Income Tax Department's CPC has a strict deadline to process ITRs. If missed, your filed return is deemed accepted. Learn how to claim your refund if delayed.
ITR Refund on Hold? I-T Dept's SMS Sparks Concern
Income Tax Dept sends bulk SMS/emails about refunds on hold due to mismatched ITR details. Taxpayers must file revised return by Dec 31. Learn how to fix errors.
IT Refunds on Hold: Tax Dept Flags Mismatches in ITR Filing
Many taxpayers report receiving emails/SMS from the Income Tax Department stating their refunds are on hold due to discrepancies. The deadline to file a revised ITR for AY 2025-26 is December 31, 2024. Get clarity on the issue.
ITR Revision Window Closes Dec 31, 2025: Key Facts
Indian taxpayers must file revised or belated Income Tax Returns by December 31, 2025 for FY 2024-25. Experts explain the rules and post-deadline options like Updated Returns.
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