NRI LTCG Relief Under Section 115F Faces Clawback If Reinvested Asset Sold Same Year
The March 31, 2026 deadline is critical for NRIs who reinvested share sale proceeds to claim tax exemptions.…
Articles by & updated by Sai Sankar
India Raises Duty Free Allowance to ₹75,000 Under Baggage Rules 2026
India has raised duty-free limits to ₹75,000 for residents and ₹25,000 for foreign tourists under the new 2026…
Internal Revenue Service Operates Under Contingency Plan Using IRA Funds
A partial government shutdown has begun, with the IRS using contingency funds to keep refunds moving for a…
IRS Disaster Tax Relief Extends Filing Deadlines but Payments Continue
The IRS extended tax deadlines to February 2, 2026, for federally declared disaster areas. This includes individual and…
India Raises Duty-Free Limit to ₹75,000 Under New Baggage Rules
Effective February 2, 2026, India's Baggage Rules 2026 increase duty-free allowances to ₹75,000 for residents and ₹25,000 for…
Gavin Newsom Warns Billionaire Tax Will Drive Wealth Out of California
Governor Newsom has voiced strong opposition to the 2026 Billionaire Tax Act, arguing that taxing California's wealthiest residents…
Union Budget 2026-27 Sets 30% Tax Rate on Unexplained Income in Cash Credits and Investments
India has proposed a new 30% tax rate for unexplained income starting in FY 2026-27. While the rate…
India Grants Tax Holiday to Foreign Companies Using Data Centres
Finance Minister Nirmala Sitharaman announced a tax holiday through 2047 for foreign cloud firms using Indian data centers…
Union Budget 2026-27 Shifts Share Buyback Taxation to Capital Gains for Minority Investors
The Indian Union Budget 2026-27 reclassifies share buybacks as capital gains for most investors. Retail holders benefit from…