Day: July 22, 2026
*******NRI gets Rs 46 lakh foreign salary in NRE account, faces tax demand of over Rs 12 lakh; ITAT says this
https://www.financialexpress.com/money/nri-gets-rs-46-lakh-foreign-salary-in-nre-account-faces-tax-demand-of-over-rs-12-lakh-itat-says-this-4298471 A foreign salary credited to an NRE account in India does not automatically become taxable in the country. The Income Tax Appellate Tribunal (ITAT), Ahmedabad, reaffirmed
Don’t put a toll on UPI: Why merchant discount rate isn’t the answer
Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/dont-put-a-toll-on-upi/articleshow/132522092.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Reports that GoI is considering a merchant discount rate (MDR) on UPI payments made to businesses with annual turnover of ₹1-1.5 cr, and only on transactions
Diaspora dollars are coming, but India needs export resilience, not quick fixes
Read more at:https://economictimes.indiatimes.com/opinion/et-editorial/diaspora-dollars-are-coming-but-india-needs-export-resilience-not-quick-fixes/articleshow/132543855.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis The Reserve Bank of India’s special deposit scheme is successfully attracting significant foreign currency from overseas Indians. Banks have already mobilized
How to remember to judiciously forget
Read more at:https://economictimes.indiatimes.com/opinion/et-editorial/how-to-remember-to-judiciously-forget/articleshow/132543967.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Synopsis Delhi High Court established a right to be forgotten, flowing from Article 21. This ruling allows de-indexing judicial records and masking
Indian professionals are turning to EB-5 as decades-long green card waits make H-1Bs untenable
Read more at:https://economictimes.indiatimes.com/opinion/et-commentary/indian-professionals-are-turning-to-eb-5-as-decades-long-green-card-waits-make-h-1bs-untenable/articleshow/132543982.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst For much of its history, the US EB-5 (Employment-Based 5th Preference) Immigrant Investor Program was understood as a tool for the globally
ITR filing: Got Section 143(1) intimation after filing your income tax return? Here’s what it means
Read more at:https://economictimes.indiatimes.com/wealth/tax/itr-filing-2026-2027-got-section-1431-intimation-after-filing-your-income-tax-return-heres-what-it-means/articleshow/132532231.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst July 31, 2026, is the due date to file an Income Tax Return (ITR) for the Assessment Year (AY) 2026-27 for salaried