If you hold an overseas subsidiary or joint venture, its Annual Performance Report (APR) is due to your AD bank by 31 December 2026. The form runs to a few pages. What sits behind it does not: final (and usually audited) accounts of the foreign

A new CBDT notification lets resident individuals and HUFs deduct and report TDS on purchases from non-resident sellers using just their PAN. The paperwork gets lighter. The tax, and the buyer’s responsibility for it, does not. Buying a flat from a resident seller is, as

₹3,811 crore. That’s the value of unclaimed mutual fund money in India as at FY26, per SEBI’s AnnualReport — up 10.4% from ₹3,452 crore the year before, and up 153% over the past three years (from₹1,506 crore in FY23).Of this, ₹2,689 crore is unclaimed dividends

A recent Mumbai ITAT ruling on a US limited partnership is a reminder for Indian founders and investors: a US entity’s American tax treatment and its Indian tax treatment are answered by two separate rulebooks — and getting that wrong can cost you real money.

A foreign bank account or an overseas shareholding is not, by itself, proof of undisclosed income. A recent ITAT Delhi ruling shows why documentation and disclosure decide these cases — not assumptions. Foreign assets and overseas bank accounts have come under increasing scrutiny from Indian

Dear Readers, I hope you’re doing well. The government has just opened a fresh window for people to come clean on foreign assets and foreign income they haven’t reported — the Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 (FAST-DS 2026). It’s a one-time scheme,