Refunds, rebates and red flags: Why income taxpayers felt the heat in 2025

The year 2025 brought significant changes to India's income tax landscape, with Budget 2025 introducing beneficial hikes in ...
Tax Guru

Schedule FA Reporting for Jointly Held Foreign Assets Where Other Spouse Has Already Offered Entire Income

Each spouse must disclose jointly held foreign accounts and securities in Schedule FA, even if only one spouse reports the income. Proper classification as “Beneficiary” for the non-funding spouse ...
The Daily Overview on MSN

Last-minute tax moves you can still make before year-end

As the calendar winds down, the tax code quietly sets a hard stop on many money moves that can still shrink your bill or ...
Tax Guru

Schedule FA Disclosure of Foreign Company/Bank Account by Resident Individuals

Indian ROR taxpayers must disclose all foreign assets and interests in Schedule FA, even if non-taxable abroad. Non-compliance can trigger strict penalties under the Black Money Act, though a ₹20 lakh ...