Taxes
Gift, loan or benami? Tax rules to know before adding family member to property title
A chartered accountant advises buyers to clarify the exact nature of the ownership arrangement before finalizing a purchase to avoid future legal and tax complications.
3 min read11:51 AM ISTNRI in Brazil, client in Goa: where will your professional income be taxed?
An NRI in Brazil providing architectural services to a Goa company may still face Indian tax. But the India-Brazil tax treaty could cap the tax at 10% of the gross professional fees.
2 min read31 Aug 2026Adding a family member to your property deed? Why the taxman may have questions
Putting a relative’s name on a property deed may seem like a family arrangement, but tax authorities can now connect property records with financial data. Here’s when a gift, loan or benami issue can arise.
3 min read31 Aug 2026Anti-canons of taxation: place the economy's interests above the government’s convenience
For the sake of better outcomes, taxation mustn’t aim to maximize revenue. Rather, policymakers must assess the economic impact of taxes, make no ‘heads I win, tails I amend’ retrospective tweaks and ensure that tax policy is neither penny-wise nor cadre-shaped.
3 min read27 Aug 2026Can you claim Section 54F tax exemption on sale of inherited agricultural land? Here's what expert says
Agricultural land is generally not a capital asset unless it falls within urban limits. If taxable as LTCG, Section 54F may allow a deduction for reinvestment in a house, the expert said.
2 min read24 Aug 2026Missed declaring foreign assets? Here’s your relief window—with a catch.
The CBDT is giving small taxpayers, NRIs and employee stock option holders until 31 December to avoid severe Black Money Act penalties, but this immunity comes at a steep cost.
7 min read18 Aug 2026Lopsided GST flexibility: India needs to resolve a stark asymmetry in this tax regime
In India, the state has granted itself wide leeway on GST implementation timelines, but offers taxpayers no respite. While income-tax officials have the discretion to pardon delays by taxpayers who cite good reasons, GST doesn’t. This needs fixing.
4 min read6 Aug 2026ITR filing deadline: After 4 extensions in last 5 years, why AY 2026-27 may not get extra time
As the 31 July deadline for filing ITR approaches, taxpayers hope for an extension like in previous years. Here's why AY 2026-27 is different for tax filing.
4 min read29 Jul 2026Will my FCNR deposit stay tax-free after I return to India?
Experts explain whether FCNR deposit interest remains tax-free after returning to India and whether a five-month stay in India triggers tax residency under current rules.
2 min read27 Jul 2026Warren Buffett is giving away $140 billion to charities. But what happens to the taxes?
Warren Buffett plans to give away his $140 billion stake in Berkshire Hathaway by 2034, donating 12 million shares to four foundations. He emphasises his children's responsibility in managing the wealth while facing criticism over the effectiveness of foundations for aiding vulnerable Americans.
2 min read25 Jul 2026Wait for it…
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