ITR filing: Taxpayers with foreign income or assets must disclose them by December 31, 2024, to avoid penalties under the Income Tax and Black Money Acts. The Income Tax Department has outlined ...

The process of rationalization of tax administration is ongoing in India. In case of direct taxes (Income Tax, Wealth Tax, Corporation tax etc.), the burden directly falls on the taxpayer.

Bollywood superstar Shah Rukh Khan secured a significant victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favor, setting aside reassessment proceedings for the 2011-12 financial year.

Since you are now a resident and ordinarily resident (ROR) in India, your global income is taxable here. However, you can claim foreign tax credit (FTC) for taxes paid in the US—but only up to ...

NRO savings account is a tool to manage income and expenses in India, and provides interest rates, periodic interest payouts, ...

Amidst global market volatility, BlackRock's Ben Powell highlights India's fixed-income market as promising due to easing ...

Abound, a go-to remittance app that was spun off by India's Times Internet, has raised $14 million in a seed round.