Partners Face Loss Limits Even on Schedule K-1 as Form 1065 Filing Rules Bite
Learn the 2026 IRS rules for partnership Form 1065, K-1 loss limitations, and filing deadlines to ensure compliance…
₹20 Lakh Salary: New Tax Regime Under Section 115BAC Often Beats Old Regime Deductions
Compare India's old vs new tax regimes for ₹20 lakh earners in 2026. Learn why the new regime…
CBDT Requires Bank Balance Reporting in ITR-4 for AY 2026-27, Impacting Freelancers
The CBDT mandates bank balance reporting in ITR-4 for AY 2026-27 to enhance transparency for small taxpayers using…
Section 10(10A) Exempts Commuted Pension. But Is Monthly Pension Taxable in Income Tax Return?
Understand India's 2026 pension tax rules: monthly pension is salary, commuted amounts have exemptions, and family pensions are…
Nris Face New TDS Auditability Problem as India Demands Proof for Every Tax Deduction
India's tax focus shifts to TDS auditability. Payers must now document legal reasoning for rates and sections to…
Income Tax Appeals After JCIT(A) or CIT(A) Move to ITAT, Then High Court on Law
Explore the Indian tax appeal hierarchy under the 2025 Act, from ITAT fact-finding to High Court legal questions…
Taxpayers Must Use Form 99 to Appeal Orders to JCIT(A) or CIT(A) Under Income-Tax Act, 2025
Income-tax Act 2025 mandates Form 99 for appeals. Taxpayers must choose between JCIT(A) and CIT(A) based on Sections…
IRS Proposes Rules on 1% Remittance-Transfer Tax for Mobile Workers Under Code Section 4475
The IRS proposed rules for a 1% remittance tax on cash-funded transfers abroad starting in 2026. Digital and…
U.S. Partnerships File Form 1065, Schedule K-1. Now Watch for Schedules K-2 and K-3
Understand Form 1065 and Schedule K-1 reporting for U.S. partnerships, including 2026 international tax requirements for foreign-linked entities.
Buy a New House in Joint Names? LTCG Exemption Still Possible on Capital Gains
Indian taxpayers can claim LTCG exemptions on joint property purchases if they funded the investment and met strict…
Nris and Immigrant Founders Face Complex Form 1065 Filing with Schedule K-1 for Multi-Member Llcs
Learn how U.S. partnership tax rules in 2026 affect LLCs, profit-sharing ventures, and international owners requiring Form 1065…
ITR Filing Checklist 2026: Gather PAN, Aadhaar, Form 16 for Assessment Year 2026-27
Prepare for India's ITR Filing 2026 by reconciling Form 16, AIS, and 26AS. Ensure PAN-Aadhaar linking and bank…
FY27 Tax Planning Guide for Nris and Visaverge Readers: Start Early to Save
A comprehensive guide for Indian taxpayers and NRIs to navigate FY27 tax planning, regime selection, and cross-border compliance…
Income-Tax Rules, 2026, Rule 46(8) Require Daily Backup on India-Based Servers
India's 2026 tax rules require daily electronic backups on India-based servers and constant accessibility of accounting records within…