Income-Tax Act, 2025 Takes Over in 2026, While Income-Tax Rules, 2026 Keep 1961 Cases Going
India replaces the 1961 Income-tax Act with the simplified 2025 Act on 1 April 2026, using a mapping…
Income-Tax Act, 2025, Income-Tax Rules, 2026 Keep 1961 Act Alive for Old Years
India launches the Income-tax Act 2025 to replace the 1961 law, simplifying forms and sections while preserving old…
Section 45(2) Explains Capital-Gains Tax on Stock-In-Trade Conversions
Learn how Section 45(2) splits asset gains into capital gains and business income using FMV on conversion, with…
2026 U.S. Business Deductions: What Nris, H-1B, Schedule C Filers Need
IRS updates 2026 business deductions: mileage rises to 72.5¢ and interest thresholds to $32M. Gift limits and travel…
2026 U.S. Reimbursement Rules Change for Nris, H-1B Professionals, F-1 Students
New 2026 IRS rules make moving reimbursements taxable for most workers. Accountable plans and $340 monthly transit limits…
Italy’s Top Court Backs Law 74/2025, Restricting Citizenship by Descent
Italy's Constitutional Court upheld Law 74/2025, restricting citizenship by descent to children and grandchildren and ending long-standing unlimited…
Indian Embassy Advises OCI Card Holders as Airspace Closure Strands Travelers in Gulf
Guide for OCI holders: contact Indian Embassies if stranded in the Gulf, or the FRRO if stuck in…
Policybazaar Sees Health Premiums Rise as Zero GST Fuels NRI Demand
India's health insurance premiums rose 27.17% in Jan 2026, driven by a 126% surge in NRI buyers and…
Budget 2026 Pushes Unified Safe Harbours and 15.5% Markup for Unilateral Apas
India's Budget 2026 streamlines IT transfer pricing with a 15.5% safe harbour rate and expanded eligibility, effective April…
Supreme Court of India Lets Revenue Seek Reconsideration on Section 148 Faceless Assessing Officers
India's Supreme Court allows Revenue to revisit quashed Section 148 notices, extending the legal battle over local vs.…
Income Tax Department Warns of Phishing Emails Causing Refund Delays
Tax authorities warn against sophisticated phishing and AI-enhanced scams targeting tax refunds and personal data in 2026; always…
GSTN Launches Rule 14A Withdrawal Facility with Aadhaar Authentication
India's GST portal now allows Rule 14A withdrawal via Form REG-32, requiring Aadhaar authentication and full return compliance…
Supreme Court Rules on GST Refunds with Justice JB Pardiwala
Indian businesses cautioned against unverified reports of a 2026 Supreme Court GST ruling while managing tax incidence rules…
Supreme Court Extends Time for Statutory Appeal in GST Input Tax Credit Case
India's Supreme Court extends the GST fake ITC appeal deadline to March 2026, requiring a pre-deposit and clarifying…