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Budget cuts tax collected at source for foreign tour packages to a uniform 2%

New Delhi, Feb. 1 -- In a move expected to ease the tax burden on people buying foreign tour packages, Budget 2026 has proposed reducing the tax collected at source (TCS) from 5% and 20% to a uniform ... Read More


Lessons from the Binny Bansal ruling: Dubai or Singapore not an easy NRI tax arbitrage

New Delhi, Jan. 28 -- On 9 January, the Bengaluru bench of the Income Tax Appellate Tribunal (ITAT) ruled against Binny Bansal, co-founder of Flipkart, denying him non-resident status for fiscal year ... Read More


Nominee vs heir: Why your bank nomination doesn't decide inheritance

New Delhi, Jan. 26 -- For most households, filling out a nomination form feels like settling succession itself. Once a nominee is named for a bank account, insurance policy, or mutual fund, there is a... Read More


Why children are quietly becoming their parents' financial managers

New Delhi, Jan. 26 -- When Delhi-based Shubhangi Sahal discovered that her recently retired father had been sold more than 20 insurance policies, many using forged signatures and incorrect contact det... Read More


Simplified GST registration leaves MSMEs trapped if turnover rises

New Delhi, Jan. 21 -- What was meant to be a quick and compliance-friendly boost for small businesses under the September goods and services (GST) recast has turned out to be a damp squib for some ear... Read More


Missed income? ITR-U gives a second chance, but at a steep cost

New Delhi, Jan. 15 -- December 2025 was an anxious month for many taxpayers who received a 'nudge' from the income tax department asking them to revisit their Income Tax Returns (ITR) for FY25. The de... Read More


Mandatory probate on Will removed but it is still a smart move for inheritance

New Delhi, Jan. 12 -- Parliament in December cleared the Repealing and Amending Act, 2025, which has removed a long-standing procedural hurdle in inheritance by deleting Section 213 of the Indian Succ... Read More