NRIPage | Articles | #income-tax-india | Get Latest Political & Global Updates, Sports News, Latest National & International NRI News in India, USA & other countries around the world

NRE vs NRO vs FCNR Accounts: Which One Should an NRI Use?

This guide explains NRE, NRO and FCNR accounts in plain English, compares tax and repatriation rules, shows where overseas and Indian income should go, and gives realistic account combinations for salaried NRIs, landlords, investors and families. Last reviewed: July 18, 2026 The first banking question most new NRIs ask sounds simple: “Which Indian account should I use now?”

NRI Updates

18 Jul 2026 07:50 AM

NRE vs NRO vs FCNR Accounts: Which One Should an NRI Use?

This guide explains NRE, NRO and FCNR accounts in plain English, compares tax and repatriation rules, shows where overseas and Indian income should go, and gives realistic account combinations for salaried NRIs, landlords, investors and families. Last reviewed: July 18, 2026 The first banking question most new NRIs ask sounds simple: “Which Indian account should I use now?”

NRI Updates

MS Dhoni Tops Taxpayer List As Jharkhand-Bihar Income Tax Collection Hits ₹20,000 Crore

MS Dhoni Leads Taxpayer List In Jharkhand-Bihar MS Dhoni has emerged as the highest individual taxpayer from the Jharkhand-Bihar region as income tax collection touched around ₹20,000 crore in FY26, officials said. The Income Tax Department’s collection from Jharkhand and Bihar during the 2025–26 financial year marks a strong revenue signal from eastern India, a region often overshadowed by larger metro-driven tax zones. ₹20,00

Finance & Economics

07 May 2026 11:58 AM

MS Dhoni Tops Taxpayer List As Jharkhand-Bihar Income Tax Collection Hits ₹20,000 Crore

MS Dhoni Leads Taxpayer List In Jharkhand-Bihar MS Dhoni has emerged as the highest individual taxpayer from the Jharkhand-Bihar region as income tax collection touched around ₹20,000 crore in FY26, officials said. The Income Tax Department’s collection from Jharkhand and Bihar during the 2025–26 financial year marks a strong revenue signal from eastern India, a region often overshadowed by larger metro-driven tax zones. ₹20,00

Finance & Economics

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

Many taxpayers are facing a frustrating wait for their tax refunds as nearly 24 lakh income tax returns (ITRs) for the Assessment Year 2025–26 have been pending for more than 90 days. According to the Minister of State for Finance, Pankaj Chaudhary, as of February 4, 2026, out of 8.79 crore ITRs filed, approximately 24.64 lakh were yet to be processed, leaving millions of individuals waiting for their refunds. The large backlog has triggered concerns, especially for senior citizen

Business

11 Feb 2026 05:19 AM

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

Many taxpayers are facing a frustrating wait for their tax refunds as nearly 24 lakh income tax returns (ITRs) for the Assessment Year 2025–26 have been pending for more than 90 days. According to the Minister of State for Finance, Pankaj Chaudhary, as of February 4, 2026, out of 8.79 crore ITRs filed, approximately 24.64 lakh were yet to be processed, leaving millions of individuals waiting for their refunds. The large backlog has triggered concerns, especially for senior citizen

Business

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

With just days left before the December 31, 2025 deadline, taxpayers across India are being urged to check whether their PAN is linked with Aadhaar. The warning comes from the Income Tax Department, which has made it clear that failure to complete the linking process on time could lead to serious financial and tax-related disruptions. PAN Aadhaar linking is the process of connecting an ind

Business

29 Dec 2025 07:07 AM

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

With just days left before the December 31, 2025 deadline, taxpayers across India are being urged to check whether their PAN is linked with Aadhaar. The warning comes from the Income Tax Department, which has made it clear that failure to complete the linking process on time could lead to serious financial and tax-related disruptions. PAN Aadhaar linking is the process of connecting an ind

Business

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

The clock is ticking for taxpayers who are required to file their income tax audit reports for the financial year 2024–25. The deadline has been set for September 30, 2025, and unlike in some past years, the Income Tax Department has not announced any extension. For companies, proprietorships, and firms whose accounts must be audited, filing the audit report on time is not just a compliance requirement—it is essential to avoid hefty penalties unde

Business

24 Sep 2025 04:16 AM

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

The clock is ticking for taxpayers who are required to file their income tax audit reports for the financial year 2024–25. The deadline has been set for September 30, 2025, and unlike in some past years, the Income Tax Department has not announced any extension. For companies, proprietorships, and firms whose accounts must be audited, filing the audit report on time is not just a compliance requirement—it is essential to avoid hefty penalties unde

Business

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

Business

16 Sep 2025 04:52 AM

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

The Income Tax Department extended the ITR filing deadline for Assessment Year 2025–26 by one day, moving it from September 15 to September 16, 2025. The announcement came after the e-filing portal suffered major technical glitches, including login failures and frozen screens, leaving lakhs of taxpayers stranded. By the original deadline, 7.3 crore returns were filed, crossing last year’s record, but at least 1.5–2 crore taxpayers were still

Business

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

The Income Tax (No 2) Bill, aimed at replacing the six-decade-old Income Tax Act of 1961, has been passed in the Lok Sabha, introducing a ‘S.I.M.P.L.E’ framework Streamlined structure and language, Integrated and concise, Minimised litigation, Practical and transparent, Learn and adapt, and Efficient tax reforms. Presented by Finance Minister Nirmala Sitharaman, the bill has been reworked based on 285 recommendations from a select committee led by

Finance & Economics

11 Aug 2025 09:55 AM

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

The Income Tax (No 2) Bill, aimed at replacing the six-decade-old Income Tax Act of 1961, has been passed in the Lok Sabha, introducing a ‘S.I.M.P.L.E’ framework Streamlined structure and language, Integrated and concise, Minimised litigation, Practical and transparent, Learn and adapt, and Efficient tax reforms. Presented by Finance Minister Nirmala Sitharaman, the bill has been reworked based on 285 recommendations from a select committee led by

Finance & Economics

How AI Helps NRIs File Taxes in Both India and the USA

For Non-Resident Indians (NRIs) juggling financial commitments in both India and the United States, tax filing often becomes a yearly stress point. Each country has distinct regulations, reporting formats, and deadlines. The slightest oversight can lead to penalties or double taxation. That’s where Artificial Intelligence (AI) is proving to be a game-changer. Today, AI-powered tax tools are helping NRIs simplify,

AI & Robotics

31 Jul 2025 00:11 AM

How AI Helps NRIs File Taxes in Both India and the USA

For Non-Resident Indians (NRIs) juggling financial commitments in both India and the United States, tax filing often becomes a yearly stress point. Each country has distinct regulations, reporting formats, and deadlines. The slightest oversight can lead to penalties or double taxation. That’s where Artificial Intelligence (AI) is proving to be a game-changer. Today, AI-powered tax tools are helping NRIs simplify,

AI & Robotics

Congress Appeal Against Rs 199 Crore Tax Demand Dismissed by Tribunal

In a significant legal ruling, the Income Tax Appellate Tribunal (ITAT) has dismissed the Congress party's appeal against an income tax demand of Rs 199 crore for the financial year 2018-19. The tax demand relates to party funds and stems from allegations of late filing of income tax returns and violations of cash donation limits. The ITAT ruled that the Congress party's return filed on February 2, 2019, was

Political News

22 Jul 2025 09:04 AM

Congress Appeal Against Rs 199 Crore Tax Demand Dismissed by Tribunal

In a significant legal ruling, the Income Tax Appellate Tribunal (ITAT) has dismissed the Congress party's appeal against an income tax demand of Rs 199 crore for the financial year 2018-19. The tax demand relates to party funds and stems from allegations of late filing of income tax returns and violations of cash donation limits. The ITAT ruled that the Congress party's return filed on February 2, 2019, was

Political News

GST Slab Changes Likely Soon as Govt Begins Revamp Talks

In a major policy development, the Indian government has initiated high-level talks to overhaul the Goods and Services Tax (GST) framework. According to a report by The Economic Times, the discussions aim to streamline the current slab structure, reduce business complexities, and prepare Indian industries for greater global competitiveness. The GST overhaul talks come amid broader tax reform efforts, including the introduction of an income tax simplification bill earl

Business

23 May 2025 01:11 AM

GST Slab Changes Likely Soon as Govt Begins Revamp Talks

In a major policy development, the Indian government has initiated high-level talks to overhaul the Goods and Services Tax (GST) framework. According to a report by The Economic Times, the discussions aim to streamline the current slab structure, reduce business complexities, and prepare Indian industries for greater global competitiveness. The GST overhaul talks come amid broader tax reform efforts, including the introduction of an income tax simplification bill earl

Business

Advance Tax Deadline for FY 2024-25: Ensure Timely Payment by March 15, 2025

The Income Tax Department has issued a crucial reminder for taxpayers regarding the final instalment of advance tax for the financial year 2024-25. As per the official directive, taxpayers must clear their advance tax dues by March 15, 2025, to ensure compliance with Indian tax laws. Timely payment of advance tax not only prevents interest penalties but also contributes to the government's efforts towards economic growth, supporting the ‘Viksit Bharat Movement’ aimed at making

Business

13 Mar 2025 07:32 AM

Advance Tax Deadline for FY 2024-25: Ensure Timely Payment by March 15, 2025

The Income Tax Department has issued a crucial reminder for taxpayers regarding the final instalment of advance tax for the financial year 2024-25. As per the official directive, taxpayers must clear their advance tax dues by March 15, 2025, to ensure compliance with Indian tax laws. Timely payment of advance tax not only prevents interest penalties but also contributes to the government's efforts towards economic growth, supporting the ‘Viksit Bharat Movement’ aimed at making

Business

India’s New Income Tax Bill 2025 Expands Tax Authorities’ Access to Digital Assets and Online Data

The Indian government has introduced the Income Tax Bill 2025, a major overhaul of the country’s tax laws, granting unprecedented investigative powers to tax authorities. While presented as a move to modernize tax compliance, the bill includes provisions that allow tax officers to access digital assets, emails, social media profiles, trading accounts, and cloud storage in cases of suspected tax evasion.Finance Minister Nirmala Sitharaman introduced the bill in Parliament, stating that i

Business

05 Mar 2025 08:09 AM

India’s New Income Tax Bill 2025 Expands Tax Authorities’ Access to Digital Assets and Online Data

The Indian government has introduced the Income Tax Bill 2025, a major overhaul of the country’s tax laws, granting unprecedented investigative powers to tax authorities. While presented as a move to modernize tax compliance, the bill includes provisions that allow tax officers to access digital assets, emails, social media profiles, trading accounts, and cloud storage in cases of suspected tax evasion.Finance Minister Nirmala Sitharaman introduced the bill in Parliament, stating that i

Business

Sign In

Athens shooting leaves several injured after gunman targets public offices

Israeli PM Netanyahu Trial Faces Fresh Delay Over Security Schedule

TikTok Restored on Apple and Google Stores Following U.S. Legal Battle

DC council reaches deal on Commanders stadium, vote expected after public hearing

Massive Alligator Moved From Eagle Mountain Lake For Research Study

Flight suspensions grow as US alert highlights military risks near Venezuela

Diwali 2025: Amavasya Tithi, Lakshmi Puja, Story, Date, Time in India and USA

Essential Tips for Grinding Masalas at Home: A Guide for Perfect Homemade Spices

Telangana High Court Examines MLAs' Party Switches: Impact on Political Accountability and Voter Awareness

Impact of Technology on Family Relationships

#income-tax-india

NRE vs NRO vs FCNR Accounts: Which One Should an NRI Use?

NRE vs NRO vs FCNR Accounts: Which One Should an NRI Use?

MS Dhoni Tops Taxpayer List As Jharkhand-Bihar Income Tax Collection Hits ₹20,000 Crore

MS Dhoni Tops Taxpayer List As Jharkhand-Bihar Income Tax Collection Hits ₹20,000 Crore

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

No Tax Refund Even After 90 Days? Here's the Reason Behind the Delay

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

PAN Aadhaar Link Deadline Near What Happens If You Miss December 31

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

Income Tax Audit 2025: Key Deadlines, Rules And Penalties For Businesses And Professionals

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

1-Day ITR Extension: Relief or More Stress for Taxpayers Amid Filing Glitches?

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

Income Tax No.2 Bill Passed: Key Features Of New S.I.M.P.L.E Law Explained

How AI Helps NRIs File Taxes in Both India and the USA

How AI Helps NRIs File Taxes in Both India and the USA

Congress Appeal Against Rs 199 Crore Tax Demand Dismissed by Tribunal

Congress Appeal Against Rs 199 Crore Tax Demand Dismissed by Tribunal

GST Slab Changes Likely Soon as Govt Begins Revamp Talks

GST Slab Changes Likely Soon as Govt Begins Revamp Talks

Advance Tax Deadline for FY 2024-25: Ensure Timely Payment by March 15, 2025

Advance Tax Deadline for FY 2024-25: Ensure Timely Payment by March 15, 2025

India’s New Income Tax Bill 2025 Expands Tax Authorities’ Access to Digital Assets and Online Data

India’s New Income Tax Bill 2025 Expands Tax Authorities’ Access to Digital Assets and Online Data

Athens shooting leaves several injured after gunman targets public offices

Israeli PM Netanyahu Trial Faces Fresh Delay Over Security Schedule

TikTok Restored on Apple and Google Stores Following U.S. Legal Battle

DC council reaches deal on Commanders stadium, vote expected after public hearing

Massive Alligator Moved From Eagle Mountain Lake For Research Study

Flight suspensions grow as US alert highlights military risks near Venezuela

Diwali 2025: Amavasya Tithi, Lakshmi Puja, Story, Date, Time in India and USA

Essential Tips for Grinding Masalas at Home: A Guide for Perfect Homemade Spices

Telangana High Court Examines MLAs' Party Switches: Impact on Political Accountability and Voter Awareness

Impact of Technology on Family Relationships

Popular Cities