MCA Updates Accounting Standard 22 to Align with OECD Pillar Two Qdmtt Rules
MCA amends AS-22 to align with OECD Pillar Two, exempting companies from deferred tax recognition while mandating specific…
Articles by & updated by Sai Sankar
New Jersey Budget Plan Cuts Stay NJ Benefit to $4,000 for Seniors
Governor Sherrill proposes cutting Stay NJ tax relief by lowering the income cap to $250k and benefits to…
Colorado Lawmakers Weigh House Bill 25-1021 to Subtract Phantom Income from Federal Tax
Colorado's HB 25-1021 proposes a tax subtraction for 'phantom income' at qualified employee-owned businesses, effective from 2027 through…
Cestat Quashes Service Tax Demand on IBM India, Rules Warranty Reimbursements Not Taxable
CESTAT Bangalore quashes IBM India service tax demand, ruling warranty reimbursements from overseas are cost recoveries, not taxable…
CBDT Expands Common Reporting Standard to Crypto Assets to Boost Tax Compliance
India expands its tax reporting framework to include crypto, CBDCs, and digital assets from 2026, aiming for global…
State Department Cuts Fee to Renounce U.S. Citizenship by 80%, Now $450
The U.S. State Department is slashing the citizenship renunciation fee from $2,350 to $450 starting April 13, 2026,…
US Cuts Citizenship Renunciation Fee to $450, Easing Process for Accidental Americans
The U.S. State Department will cut the citizenship renunciation fee by 80%, from $2,350 to $450, effective April…
Japan Enforces 5-Year Visa Rule for Engineer Visas Before Permanent Residence
Japan tightens permanent residency rules, requiring a 5-year stay threshold by 2027, new work pledges, and significantly higher…
Air India Adds Fuel Surcharges as Jet-Fuel Prices Surge, Hitting Indian Travelers
Air India introduces phased fuel surcharges starting March 12, 2026, adding up to $200 to ticket prices due…