Recent changes to India’s tax laws offer greater flexibility for homeowners with multiple properties, but also introduce nuanced considerations for tax planning, especially around self-occupied and deemed let-out classifications and loan interest deductions. For Indian homeowners, the tax treatment of…
A structured approach to investment assessment, focusing on rules and risk management, can help investors overcome behavioural biases and improve long-term outcomes, according to recent analysis and studies. The biggest drag on investor returns is often not a fee, a…
Finance Minister Nirmala Sitharaman announces plans to set up a high-level committee to overhaul India’s banking system, aiming to support the country’s growth ambitions and enhance financial efficiency. Finance Minister Nirmala Sitharaman said on Monday that the government will soon…
Taxpayers face possible return rejection over mismatched TDS credits; experts advise early correction within a 15-day window following defect notices issued under Section 139(9). A mismatch in tax deducted at source, or TDS, can be enough for the Income Tax…
India’s central bank proposals aim to limit non-bank lenders’ ability to offer revolving credit, sparking shifts in lending practices and UPI credit distribution amid ongoing regulatory tightening. India’s central bank is moving to sharply restrict a type of lending that…
India’s tax authorities have introduced the FAST-DS scheme, allowing small taxpayers to declare undisclosed foreign holdings with a deadline of 31 December 2026, amid increased data sharing and enhanced transparency measures. India’s tax authorities have opened a limited window for…
Taxpayers who filed their income tax return on 17 July must verify their submissions by 16 August using online methods such as Aadhaar OTP or risk having their returns invalidated, delaying refunds and complicating compliance. Taxpayers who filed their income…
LPG consumers in India are urged to complete their Aadhaar-linked e-KYC by 16 August, with warnings that missing the deadline could disrupt access to subsidised domestic cylinders, as authorities promote a seamless registration process via social media and mobile messages.…
India’s Foreign Assets of Small Taxpayers Disclosure Scheme 2026 provides a rare opportunity for taxpayers to declare undisclosed foreign holdings with substantial penalties, as authorities step up efforts to uncover hidden offshore wealth. India has opened a one-time window for…
Taxpayers in India face a busy end to 2026 with key filing, payment and reporting deadlines, as the transition to the new Income-tax Act framework introduces new requirements and considerations for the assessment year 2026-27. India’s tax calendar remains busy…
India has launched a new disclosure window offering small taxpayers a limited amnesty period to regularise undeclared overseas assets, aiming to boost compliance and reduce penalties under the country’s black money law. India has opened a new disclosure window for…
India has introduced a one-time, online disclosure scheme for small taxpayers to declare previously undeclared foreign assets and income, offering a pathway to compliance before the end-of-year deadline amidst evolving international tax transparency efforts. India has opened a one-time window…
