State Tax Service Imposes 15% Royalty Tax Retrospectively on Airlines for 7-Year Aircraft Leasing
Ukraine's 15% retroactive royalty tax on aircraft leases triggers criminal cases and bankruptcy fears for major airlines including…
Section 33, Income-Tax Act, 2025 Clarifies Tax Depreciation vs Accounting from 2026-27
Section 33 clarifies the transition to new depreciation rules for the 2026-27 tax year, distinguishing between accounting books…
Capital Gains Tax and Share Buybacks to Shift from April 1, 2026
India maintains listed-share tax rates at 12.5% and 20% for FY 2026-27 while shifting buyback taxation to capital…
Seven Tax Records Investors Must Keep from 2026-27: Form 168, Contract Notes, Annual Information Statement
India's 2026 tax update introduces Form 168. Investors must keep private records like contract notes and bank statements…
India’s Income-Tax Act 2025: New RNPO Compliance Rules for Charities and Overseas Donors
India's Income-tax Act 2025 mandates the RNPO framework starting April 2026, requiring 85% income application and strict documentation…
India Plans Income-Tax (amendment) Bill, 2026 to Continue G-Sec Tax Exemption for BIS and Foreign Institutions
India to introduce the Income-tax Bill 2026 on July 20 to formalize tax exemptions for foreign institutional investors…
Mortgage Demand Slumps 14% in June as Tax Changes Hit First-Home Buyers Hardest, Auction Rates Fall
Mortgage demand in Australia dropped 14% in June 2026 as tax reforms and high interest rates pushed first-home…
IRS Standard Mileage Rate for Business Use Rises to 76 Cents Per Mile on July 1, 2026
IRS increases 2026 business mileage rate to 76 cents effective July 1. Medical and moving rates also rise…
Personal Allowance Freeze Pushes 10 Million Over-65s Into Tax as Higher-Rate Threshold Stays Flat
A record 10.2 million UK pensioners face income tax in 2026/27 as frozen thresholds and rising pensions create…
Section 24 Deductions for House Property: Old vs New Tax Regime and NRI Rent TDS Explained
India updates property tax laws effective April 1, 2026. New rules impact loan interest deductions and NRI rent…
Old vs New Tax Regime: Form 10-IEA Needed for Business Income, Section 44AD Lock-In Limits Switches
Business owners face restricted tax regime switching, while salaried individuals can choose annually. Form 10-IEA is required for…
Bonus Shares Tax Trap: Small Profit but a Large Short-Term Capital Gain Bill
Selling bonus shares in India can trigger high taxes despite low profits because long-term losses cannot offset short-term…
FY 2025-26 Investment Tax Guide: Shares, Mutual Funds, Securities Transaction Tax Explained
Essential guide to India's 2025-26 tax rules, covering capital gains, debt fund changes, NRI reporting, and the 12.5%…
Income Tax Act 2025: 5 Tax-Free Claims Nris Must Verify
India's new 2026 tax laws require specific documentation and thresholds for agricultural, gift, insurance, and equity exemptions. 2025…