Tiger Global Tax Ruling Prompts GAAR Grandfathering Review for Foreign Investors
India's 2026 GAAR amendment shields pre-2017 investment transfers from anti-abuse rules, though broader offshore structures face continued scrutiny…
IAS 12 Requires Firms to Recognize Deferred Tax on Temporary Differences
Learn how deferred tax and IAS 12 bridge the gap between accounting and taxable profits to reflect future…
Lok Sabha Rejects Constitution (131st Amendment) Bill, Kiren Rijiju Withdraws Delimitation
The Lok Sabha rejected the 131st Amendment Bill in 2026, halting plans to expand parliament and delaying the…
U.S. C Corporation Claims Dividends Received Deduction on Form 1120. but Rules Still Apply
U.S. corporations can claim the dividends received deduction in 2026, using 50%, 65%, or 100% rates to reduce…
Ministry of Home Affairs: OCI Fees Remain Unchanged in 2026
OCI application fees remain unchanged in April 2026. New registrations cost $275 plus fees, while online passport updates…
Why Nris Need a Certificate of Bachelorhood, Single Status Certificate, and CENOMAR
Learn how Indian nationals can obtain a Certificate of Bachelorhood in 2026 for U.S. immigration and foreign marriage…
2026 Residency Rules: Foreign Salary in Indian Banks Taxable for NRIs
Foreign salary remitted to Indian banks is taxable for residents/RNORs; tax status depends on stay duration and income…
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…
Tax Authorities Target Businesses with False Entries, Audit Failures, and Poor Bookkeeping
India's tax landscape shifts in 2026, enforcing strict penalties for book-keeping and audit failures under the 1961 and…