https://www.financialexpress.com/money/disclose-every-foreign-income-and-asset-in-your-income-tax-return-4283004 Omission of assets with zero taxable income can attract Rs 10 lakh penalty July 3, 2026 23:25 IST Resident Indians must disclose all foreign income and
Day: July 6, 2026
Your queries on income tax: Shifting money earned abroad to India does not attract tax
https://www.financialexpress.com/money/your-queries-on-income-tax-shifting-money-earned-abroad-to-india-does-not-attract-tax-4283027 Expert answers to crucial personal finance queries. Learn about the tax-free status of importing past NRI bank deposits from Dubai, the specific operational rules
Your Money: Don’t forget the clubbing trap when gifting to spouse
https://www.financialexpress.com/money/your-money-dont-forget-the-clubbing-trap-when-gifting-to-spouse-4283995 Discover effective tax saving strategies for dual-income couples in India while avoiding common pitfalls. Learn how Section 99 of the Income-tax Act 2025 and
*******ITR filing for NRIs: From miscounted days in India to missed NRO interest, these mistakes can trigger tax notices
Read more at:https://economictimes.indiatimes.com/wealth/tax/itr-filing-for-nris-from-miscounted-days-in-india-to-missed-nro-interest-these-mistakes-can-trigger-tax-notices/articleshow/132173376.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst For non-resident Indians (NRIs), filing an income tax return every year comes with unique compliance challenges, starting with determining tax residency status.
Man sells property for Rs 48 lakh, constructs a new house but faces delay, income tax dept denies Section 54 claim; he fights and wins case in ITAT Chennai
Read more at:https://economictimes.indiatimes.com/wealth/tax/man-sells-property-for-rs-48-lakh-constructs-a-new-house-but-faces-delay-income-tax-dept-denies-section-54-claim-he-fights-and-wins-case-in-itat-chennai/articleshow/132209054.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/tax/man-sells-property-for-rs-48-lakh-constructs-a-new-house-but-faces-delay-income-tax-dept-denies-section-54-claim-he-fights-and-wins-case-in-itat-chennai/articleshow/132209054.cms When Mr Rajan from Ambattur, Chennai sold his Noida property on July 9, 2019 for Rs 48 lakh, he made a
No phone calls with wife for 13 days; she dies by suicide; Gulf engineer husband lands in jail; Supreme Court overturns his conviction for this reason
Read more at:https://economictimes.indiatimes.com/wealth/legal/will/no-phone-calls-with-wife-for-13-days-she-dies-by-suicide-gulf-engineer-husband-lands-in-jail-supreme-court-overturns-his-conviction-for-this-reason/articleshow/132174795.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/legal/will/no-phone-calls-with-wife-for-13-days-she-dies-by-suicide-gulf-engineer-husband-lands-in-jail-supreme-court-overturns-his-conviction-for-this-reason/articleshow/132174795.cms The Supreme Court (SC) recently provided relief to a husband from criminal cases of 498A (cruelty) and 304B (dowry death) by
ITR filing 2026: Made foreign investments? Follow this checklist to avoid tax scrutiny
ITR filing 2026: Made foreign investments? Follow this checklist to avoid tax scrutiny , ET Online| 1/7 Do foreign investment rules apply to you? The mandatory
Forgotten FDs, shares or insurance? Here’s how to recover unclaimed financial assets
Read more at:https://economictimes.indiatimes.com/wealth/save/forgotten-fds-shares-or-insurance-heres-how-to-recover-unclaimed-financial-assets/articleshow/132156519.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/wealth/save/forgotten-fds-shares-or-insurance-heres-how-to-recover-unclaimed-financial-assets/articleshow/132156519.cms eople spend years carefully building wealth through fixed deposits, mutual funds, insurance policies and shares. But life has a way of
Income tax department slaps notices on foreign investors with no earnings
Read more at:https://economictimes.indiatimes.com/news/india/income-tax-department-slaps-notices-on-foreign-investors-with-no-earnings/articleshow/132201606.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst https://economictimes.indiatimes.com/news/india/income-tax-department-slaps-notices-on-foreign-investors-with-no-earnings/articleshow/132201606.cms oreign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax