1. Foreign Tax Credit (FTC) is a mechanism to provide relief to the taxpayers to claim credit in India for the taxes paid in overseas country on the doubly taxed overseas sourced income (i.e., taxed ...

Applying this principle, the High Court concluded that since the assessment for AY 2011-12 was completed on the date of the search and no incriminating material specific to the assessee or the LTCG ...

The preparations for the filing of Income Tax Returns (ITR) for Assessment year ... documents such as interest certificates, dividend statements, salary slips, business income documents etc., ...

Using the wrong ITR form can delay your tax processing or, worse, your return may get rejected. Also, filing your ITR is not ...

Avoid penalties and delays this ITR season by steering clear of common tax filing mistakes. Understand and learn the top five ...

Capital loss on share buybacks will be allowed if corresponding dividend income is disclosed as “Income from Other Sources,” effective from October 1, 2024. The threshold for reporting assets ...

Singapore lender DBS Group flagged risk from heightened uncertainty and softer non-interest income growth for 2025 after ...

A high-profile clash erupted at the Chinnaswamy Stadium's Diamond Box during the RCB-CSK match, involving the families of a senior IPS officer and an income tax commissioner. The dispute over ...

You Pay, But Do You Really Know? Every year, millions of Indians diligently file their taxes. We wait in line, click through ...

Income Tax Return AY 2025-26: Even as the finance ministry has notified ... ITR-1 (Sahaj): For Salaried Individuals The Central Board of Direct Taxes (CBDT), India’s apex body on direct taxes like ...

Indian equity benchmarks ended higher on Monday, supported by strong foreign inflows, optimism over a potential India-U.S. trade deal, and falling crude oil prices. The Nifty 50 rose 0.47% to close at ...

India on high alert: What’s shut, who’s on leave, and state-wise emergency measures ET Wealth online decodes the income tax rules applicable to this casual income and the penalties for failing to pay ...