Pre-filled Income Tax Return (ITR) forms, introduced by the Income Tax Department, are designed to make tax filing simpler for individuals by auto-filling key financial details. These forms collect data from reliable sources such as your PAN, Aadhaar, Form 16 issued by employers, Form 26AS, and the Annual Information Statement (AIS) to pre-load income, tax paid, deductions claimed, and bank account information. However, despite the convenience, these pre-fille

A man from Fremont, California has defied the odds by surviving more than nine days alone in the harsh and remote Himalayan terrain after suffering multiple injuries during a solo hike. Samuel Vengrinovich, who holds dual citizenship with the United States and Israel, had been reported missing after failing to return from a trek in the mountains of northern India. His story of endurance and survival has not only stunned his family and friends but has also inspired many people who have since s

Meta Platforms has announced Arun Srinivas as its new India Head, a move expected to strengthen the company’s position in one of its fastest-growing markets. The decision comes amid the surge in digital advertising in India and Meta’s expanding user base across its platforms like Facebook, Instagram, and WhatsApp. With a strong background in FMCG, tech, and private equity, Srinivas brings a blend of strategic vision and operational expertise to the

India has officially stepped into the world of franchise rugby with the launch of its first-ever Rugby Premier League (RPL), a new Rugby Sevens format tournament featuring international and domestic stars. The inaugural season began at the Andheri Sports Complex in Mumbai and will continue through June 29. This professional competition comes at a time when Indian sports fans are saturated with constant cricket action and are eager for a fresh alternative.

India’s tax authorities are zeroing in on cryptocurrency tax evaders in a major enforcement drive led by the Central Board of Direct Taxes (CBDT). As part of an intensified compliance campaign, the CBDT has flagged thousands of individuals and entities who failed to declare their income from Virtual Digital Assets (VDAs) for the assessment years 2023–24 and 2024–25. Many skipped Schedule VDA in their income tax returns or incorrectly applied

In a significant diplomatic development, Pakistan’s attempt to interfere with an Indian parliamentary delegation’s visit to Malaysia has been firmly rejected by Kuala Lumpur. Citing “Islamic solidarity,” the Pakistani embassy had urged Malaysian authorities to cancel engagements planned by the Indian delegation. However, Malaysian officials ignored Islamabad’s appeal, and the Indian delegation’s full itinerary proceeded as s

India has urged the United States to ensure that student visa applications from Indian nationals are processed on merit and without unnecessary delays. This appeal follows growing unease among Indian students over recent changes to US visa regulations, which many fear could disrupt their academic plans just as they prepare for the upcoming academic semester. A spokesperson for the Ministry of External Affairs acknowledged the United States’ sovereign right to grant or deny v

India’s foreign secretary Vikram Misri concluded a three-day visit to the United States on Thursday, where he led discussions on a broad range of strategic issues including trade, defence, and critical technologies. The visit marked a continued deepening of bilateral ties, with both nations reaffirming their shared commitment to shaping a forward-looking partnership suited for the evolving global landscape. During his visit, the foreign secretary engaged in high-level meetin

India has confirmed that over a thousand of its nationals have been deported or have voluntarily returned from the United States since January 2025, amid intensified immigration enforcement. The Ministry of External Affairs revealed this during a recent press briefing, highlighting cooperation between the two countries on migration-related issues. According to the ministry spokesperson, around 62% of these individuals returned on commercial flights. The rest were likely deported t

As the Income Tax Return (ITR) filing window opens for the Assessment Year 2025–26, non-resident Indians (NRIs) are being presented with a valuable opportunity to simplify their tax obligations and, in some cases, avoid filing a return entirely. Under Chapter XII-A of the Income Tax Act, 1961, NRIs who earn income from specific foreign exchange (FOREX) assets in India may opt for a special concessional tax regime that offers multiple benefits—including exemption from filing if certai

The rollback of the proposed 5% remittance tax to 3.5% by the United States government has brought major relief to Indian migrants who regularly send money home. On a $10,000 transfer, senders now save $150 (₹12,000), which is a significant benefit for families depending on overseas income for essential needs such as healthcare, education, and daily expenses. The move is especially helpful for workers in service and labor-intensive industries. India continues to be the top recipie

In a series of statements that have stirred global business conversations, U.S. President Donald Trump has issued a stark warning to Apple, insisting that the tech giant must manufacture iPhones within the United States if it intends to sell them in the American market. Speaking from the Oval Office while signing multiple executive orders aimed at strengthening the U.S. nuclear power sector, Trump said it is acceptable for Apple to go to India to build plants, but under no circumstances

 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

In a surprise development, the Senate has passed the No Tax on Tips Act, giving swift legislative approval to a key piece of President Donald Trump’s 2025 tax agenda. Championed as a promise to working-class Americans during Trump’s re-election campaign, the bill provides a significant tax break for service industry workers who receive tips. The legislation, introduced by Republican Senator Ted Cruz of Texas, gained bipartisan support, including from Democratic Senators Jacky Rose

San Jose is taking major steps to ramp up housing development by expanding financial incentives aimed at drawing more residential builders into the city. In a unanimous vote on May 13, city leaders approved a boost to its multifamily housing incentive program, increasing the cap on eligible new homes from 1,500 to 1,800 units. Under this initiative, developers can qualify for a 50% reduction in commercial, residential, mobile home park, and building and structure taxes through the end of the yea

In a significant diplomatic initiative aimed at reinforcing India's resolute stand against terrorism, the Indian government is deploying multi-party delegations to key international regions. This outreach effort is intended to highlight the country’s unified position on terrorism and expose cross-border threats that continue to jeopardize regional and global security. The initiative spans a 10-day mission, with delegations scheduled to visit the United States, European Union nations, J

On May 16, 2025, U.S. President Donald Trump once again reiterated his claim that India had offered a zero-tariff trade deal to the United States, in a move he framed as part of his broader efforts to mediate peace between India and Pakistan. During an interview, President Trump emphasized that his engagement in regional diplomacy and trade had led to a de-escalation of tensions between the two South Asian neighbors. His comments come amid a charged geopolitical backdrop and continuing discussio

India and the United States are stepping up efforts to finalize the first phase of a bilateral trade agreement by early July, with a high-level Indian delegation set to travel to Washington in the coming weeks to lead negotiations. Commerce and Industry Minister Piyush Goyal is expected to head the talks, signaling a strategic shift from the original plan that aimed for a broader agreement later in the year. Sources familiar with the negotiations indicated that both sides are opti

A prominent luxury car dealer from Hyderabad, Basharat Khan, has been arrested in Gujarat for his alleged involvement in a massive customs duty evasion racket worth nearly Rs 100 crore. According to officials from the Directorate of Revenue Intelligence (DRI), Khan manipulated the import process of high-end vehicles by undervaluing them and using fake documentation to bring the cars into India illegally. Khan, who runs the ‘Car Lounge’ showroom in Hyderabad and has been

House Republicans have unveiled a sweeping new tax proposal dubbed the “One Big, Beautiful Bill” aligning with President Donald Trump’s 2024 campaign promises. The bill includes major tax breaks for workers, significant penalties for elite educational institutions, and the introduction of a 5% tax on money transfers sent abroad, a move likely to impact immigrant families across the country. The proposed legislation eliminates federal income taxes on tips and o