Taxes
Latest in Taxes
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 business returns…
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 foreign tourists.…
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 will lead…
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 is lower…
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 for global…
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 lower tax…
How to Claim TCS Refund Using Form 26AS When Filing Income Tax Return (itr)
Taxpayers who paid TCS on foreign remittances must file an ITR to claim refunds. Success depends on the TCS appearing…
Nris Shift Capital Into Infrastructure & Transport After Budget 2026
India's Budget 2026 doubles NRI equity investment limits and simplifies market entry to attract diaspora capital. With a focus on…