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 ...

Section 44ADA of the Income Tax Act, 1961, provides a simplified scheme of taxation for professionals. It allows eligible ...

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.

They seem designed to abort India’s catch-up growth process with a return to the stagnant past. Unfortunately, most foreign commentators use these estimates. But the argument that income and ...

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, ...

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

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

Tax (I-T) department to add a sum of Rs 19.48 crore – held in an alleged undisclosed bank account — to the income of a ...