lipped from: https://economictimes.indiatimes.com/wealth/tax/itr-changes-from-april-2026-5-key-updates-for-tax-year-202627-explained/articleshow/130014656.cms Starting April 1, 2026, the Income Tax Act, 2025 and Income Tax Rules, 2026 apply to all taxpayers. But, with these new regulations, there are
Author: Anil R Tikotekar
*Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changed – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/six-big-tds-tcs-changes-for-tax-year-2026-27-from-tds-on-nri-property-to-tcs-on-overseas-remittance-for-education-know-all-that-has-changed/articleshow/130081487.cms The Finance Bill, 2026 that was approved by Parliament a few weeks ago introduced several changes relating to Tax Collected at Source (TCS)
NRI gets tax notice for transferring foreign salary to India — here’s what ITAT ruled – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/nri-gets-tax-notice-for-transferring-foreign-salary-to-india-heres-what-itat-ruled-4202500/ The income tax Assessing Officer argued that since the salary of NRI landed in an NRE account in India, it was taxable in
*New ITR forms for AY 2026-27: NRIs opting for new presumptive income scheme have to make this separate disclosure additionally – The Economic Times
clipped from: https://economictimes.indiatimes.com/wealth/tax/new-itr-forms-for-ay-2026-27-nris-opting-for-new-presumptive-income-scheme-have-to-make-this-separate-disclosure-additionally/articleshow/130161969.cms The updated income tax return (ITR) forms for AY 2026-27 now feature specific columns for reporting profits and gains from businesses that fall
*Day-count key for returning NRIs to avoid tax in India – Money News | The Financial Express
lipped from: https://www.financialexpress.com/money/day-count-key-for-returning-nris-to-avoid-tax-in-india-4203092/ They should restrict stay to 181 days to keep foreign income out of tax net Returning from West Asia? How Temporary Stays Can
Your Queries on Income Tax: Use advance tax calculator on I-T portal to find tax payable – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-on-income-tax-use-advance-tax-calculator-on-i-t-portal-to-find-tax-payable-4203103/ Use advance tax calculator on I-T portal to find tax payable Your Tax Queries Answered: Avoiding Advance Tax Penalties and Maximizing Joint Loan
Executing a Will: What families must get right in controlling assets https://mybs.in/2g5N958 Download the BS App https://mybs.in/apps for more insights.
RBI paper suggests 1-hour lag for digital payments over ₹10k to curb frauds | Finance News – Business Standard
Clipped from: https://www.business-standard.com/finance/news/rbi-proposes-1-hour-delay-for-digital-payments-above-10-000-to-curb-fraud-126040901368_1.html RBI proposes a one-hour delay for digital payments above Rs 10,000, alongside safeguards like trusted authentication and account monitoring, as fraud cases surge
Taxpayer sells 5 villas for Rs 5.26 crore, buys property in sister’s name — still gets capital gains tax relief; here’s how – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/taxpayer-sells-5-villas-and-buys-a-new-property-in-sisters-name-still-gets-capital-gains-tax-relief-heres-how-4201365/ An NRI taxpayer who sold five villas for Rs 5.26 crore secured a Rs 2.80 crore capital gains exemption under Section 54F—even though
8 ways India’s Labour Codes can help build a modern, expanding, and increasingly diverse workforce – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/8-ways-indias-labour-codes-can-help-build-a-modern-expanding-and-increasingly-diverse-workforce/articleshow/130139143.cms They signal a shift toward a more transparent, equitable and forward-looking labour environment. On November 21, 2025, the Government of India marked a
Unclaimed equities: Rs 89,000 crore stuck in shares of 1,671 companies — check if your money is lying idle – Money News | The Financial Express
Clipped from: https://www.financialexpress.com/money/unclaimed-equities-rs-89000-crore-stuck-in-shares-of-1671-companies-how-to-check-if-your-money-is-lying-idle-4201142/ India is sitting on a massive but largely invisible financial problem—over Rs 2.2 lakh crore of household wealth is lying unclaimed across bank
Can lending money to your spouse, instead of gifting, help you avoid income clubbing under Section 64? – BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/can-lending-money-to-your-spouse-instead-of-gifting-help-you-avoid-income-clubbing-under-section-64-524884-2026-04-09 Lending money to your spouse instead of gifting may help you avoid income clubbing under Section 64 — but only when the transaction
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/how-to-get-your-share-of-family-property-even-if-your-sibling-wont-cooperate/sibling-wont-agree-to-split-the-property/slideshow/130131276.cms 1/8 Sibling won’t agree to split the property? Here’s exactly what the law allows you to do 2/8 One sibling can’t block everyone