News

ICAI’s new handbook explains residential status under the Income-tax Act and FEMA, covering key tax implications for NRIs amid changes introduced by the Income-tax Act, 2025.

ICAI Releases Handbook on Residential Status for NRIs: Key Tax and FEMA Aspects Explained

Judgement

ITAT remands the case for fresh review, giving the taxpayer another chance to explain the source of funds for his Rs 60.99 lakh property purchase.

Rs 39.72 Lakh Tax Addition: ITAT Gives NRI Taxpayer Fresh Chance to Explain Investment

The ITAT condoned a 578-day delay in filing an appeal by a Dubai-based assessee, restored the reassessment, and remanded the matter to the AO for fresh adjudication.

ITAT Orders Fresh Assessment After Accepting NRI's Claim of Delay Due to Dubai Stay and COVID-19

Form 40 allows eligible taxpayers to defer taxation of foreign retirement account income.

ITR Filing 2026: How Form 40 Helps NRIs and Returning Indians Avoid Double Taxation on Foreign Retirement Accounts

The ITAT condoned an 89-day delay and remanded a Rs 10.53 crore unexplained income addition case to the AO after finding that the assessee was denied a fair opportunity of hearing.

ITAT Grants Second Opportunity to NRI Assessee, Remands Rs 10.53 Crore Unexplained Income Addition Case to AO

RBI permits GIFT City branches to mobilise FCNR(B) deposits, boosting NRI deposit inflows.

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ICAI Releases Handbook on Residential Status for NRIs: Key Tax and FEMA Aspects Explained

Rs 39.72 Lakh Tax Addition: ITAT Gives NRI Taxpayer Fresh Chance to Explain Investment

ITAT Orders Fresh Assessment After Accepting NRI's Claim of Delay Due to Dubai Stay and COVID-19

ITR Filing 2026: How Form 40 Helps NRIs and Returning Indians Avoid Double Taxation on Foreign Retirement Accounts

ITAT Grants Second Opportunity to NRI Assessee, Remands Rs 10.53 Crore Unexplained Income Addition Case to AO

RBI Allows Banks to Mobilise FCNR(B) Deposits Through GIFT City Branches