Indian residents are required to report their global income and foreign assets as part of their annual income tax return (ITR) filings. The provisions of the Income Tax Act, 1961, mandate transparency ...

The announcement came via a playful Instagram video shared by Netflix India. The video featured Koli and Saraf reliving their characters’ journey, starting with their memorable coffee-shop meet-cute.

Raha, the daughter of Alia Bhatt and Ranbir Kapoor, has quickly become a social media sensation. Whether on-camera or off-camera, the little one already shines as a star. Recently, the “Love & War” ...

Declaration of foreign assets: If foreign assets were not declared in the original Income Tax Return (ITR) filed for AY 2024-25, a revised return must be filed by December 31, 2024. Failure to do ...

Disclosing ownership of foreign assets and reporting income from them are two different requirements in the ITR, both of which need to be done. Taxpayers have to mandatorily report all foreign ...

The new tax regime (NTR) was introduced by the Finance Act 2020. At that time, NTR was an optional regime while the old tax regime (OTR) remained the default regime. Also Read: Will my old disease ...