Trump Threatens Iran Arms Suppliers with Tariffs, Offers Nuclear Talks
Trump announces 50% tariffs on any nation arming Iran while pushing for a nuclear deal during the April…
Articles by & updated by Sai Sankar
Chinese Students and Scholars in U.S. Gain Tax Exemptions Under Article 20 in 2026
A guide for Chinese students and scholars in the U.S. on claiming tax treaty benefits under Articles 19…
U.S. Corporations Face Form 1120 Filing Rules in 2026, with Estimated Taxes and Quick Refund Claims
A guide to 2026 U.S. corporate tax rules, covering Form 1120 deadlines, mandatory e-filing for 10+ returns, and…
CBDT Confirms New ITR Forms Still Require Capital Gains Dates for Exemptions
New 2026-27 ITR forms simplify data entry for capital gains but maintain date-driven tax rules, requiring filers to…
Section 351 Lets Founders Defer Tax When They Control the Corporation Immediately
Section 351 allows tax-deferred transfers of property to a corporation only when transferors meet the 80% control test.…
Tax Authorities Target Under-Reporting and Misreporting with Section 270A Penalties
India's 2026 tax rules uphold a 50% penalty for under-reporting and 200% for misreporting, with immunity options available…
Indian Tax Law Tightens Penalties on TDS, TCS, and Information-Return Failures
India's 2025 tax rules impose strict penalties for TDS/TCS reporting lapses, making procedural compliance as critical as the…
Tax Authorities Tighten Penalties on Cash Deals and PAN/TAN Defaults
India enforces 100% penalties on prohibited cash transactions and strict fines for PAN/TAN lapses to ensure financial transparency…
Income Tax Penalties Can Be Dropped with Reasonable Cause Under Faceless Penalty Rules
Learn how to seek relief from Indian income tax penalties using immunity, waivers, and 'Reasonable Cause' defenses under…