#tax
Earning in dollars? New FEMA rules from October 1: How freelancers and YouTubers need to file EDF declaration with banks
A new RBI rule from 1 October changes how service exporters receiving overseas payments must report their earnings. Freelancers, creators and other professionals may need to take an additional compliance step through their bank. Here’s what you need to know.
Woman paid US tax but faced Rs 30 lakh tax demand in India; what ITAT said
Under the applicable rules, taxpayers who have paid taxes in a foreign country with which India has a Double Taxation Avoidance Agreement (DTAA) are required to submit Form 67 along with their ITR to claim credit in India for the foreign taxes already paid.
Wrong ITR form led to ₹26.69 lakh tax demand: How ITAT Chandigarh saved a small trader
An ITAT Chandigarh ruling cancelled a ₹26.69 lakh tax demand after a small trader’s commission income was counted twice. The case highlights why taxpayers must choose the correct ITR form and reconcile Form 26AS with declared business income.
Moving abroad? Here's when your EPF withdrawal becomes taxable and how NRIs can avoid paying extra tax
EPF is a major retirement savings plan for salaried workers, requiring both employee and employer contributions. If you move abroad, the rules governing the scheme changes. Here's when your provident fund withdrawal becomes taxable and how NRIs can avoid payi…
SC's GST ruling on online gaming: A loaded dice
Government and state lawmakers have agreed to impose GST on online gaming. This tax will apply retrospectively to curb unregulated wagering. Courts previously struggled to differentiate between games of skill and chance. This move aims to regulate the industr…
Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting value
The Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet value. This decision could precipitate a colossal tax obligation estimated at ₹2.5 lakh crore for the industry.
NRI sending money to parents in India : Are overseas transfers taxable ?
Funding sources for UK studios in 2026: what's on offer, and the requirements developers need to be aware of
Happy new-ish tax year! As we proceed into 2026/27, many UK businesses are preparing for what their new financial year brings. Read more
Policy stability , relief on STT and LTCG key to winning back FPIs : Sudip Bandyopadhyay
Freelancer tax guide: How to report overseas client income and pay taxes in India
Freelancers in India earning from foreign clients must report this income on their tax returns, as it is fully taxable. They can opt for presumptive taxation under Section 44ADA if conditions are met. Details here.
Understanding India's evolving crypto discourse
India is actively shaping its digital asset future. Authorities are implementing stricter rules for crypto platforms and transactions. Tax collections are rising, and law enforcement is building capacity. Investor interest is shifting towards long-term alloca…
EisnerAmper India elevates Karthick Venkatakrishnan as managing director
EisnerAmper India has appointed Karthick Venkatakrishnan as managing director to spearhead growth and sales strategy across India and the APAC region. In his new role, Venkatakrishnan will focus on expanding the firm's brand presence in advisory, tax, and fun…
She Ran an Entire Tax Season Without Her Tax Manager. Here’s How.
A CPA ran her firm's busiest season without a key team member — because AI covered the gap. What this tells us about what's actually possible now.
Tax vs Customs: Why MNCs face a growing valuation and compliance battle
MNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance risks, litigation and valuation disputes.
BREAKINGxAI Employees Say Elon Musk Promised Them $420 to Feed Their Taxes Into Grok, But Stiffed Them on the Payment
Death, taxes, and Elon breaking his promises. The post xAI Employees Say Elon Musk Promised Them $420 to Feed Their Taxes Into Grok, But Stiffed Them on the Payment appeared first on Futurism.
Numera Welcomes Decimal's Direct Services Business to Its National Platform
Numera acquires Decimal's direct services business, expanding its national accounting, tax, & fractional CFO platform to serve more growth-stage businesses
Is tax-exempt income in India also exempt in the US for NRI?
ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accounts, FCNR deposits, and PPF is tax-free in India—does it need to be reported in the US, and will it be taxed there, inclu…
US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reason
A US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account during demonetisation. The ITAT Delhi cancelled the notice, acknowledging the funds were genuine remittances from earlier…
Amazon techie checks April payslip, sees TDS bigger than father's salary: 'Daylight robbery at this point...'
An Amazon employee went viral on Grapevine after sharing their shock over a heavily taxed April payslip, revealing frustration at seeing a large portion of their salary, especially TDS, deducted despite being in the highest tax bracket. The UX/UI designer exp…