Category : Search result: tariff income


IT Refunds on Hold: Tax Dept Flags Mismatches in ITR Filing

Many taxpayers report receiving emails/SMS from the Income Tax Department stating their refunds are on hold due to discrepancies. The deadline to file a revised ITR for AY 2025-26 is December 31, 2024. Get clarity on the issue.

Disclose Foreign Assets in Revised ITR by Dec 31

Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.

ITAT Restores NRI Appeal After 621-Day Email Error

Ahmedabad ITAT restores an NRI's tax appeal despite a 621-day delay, citing notices sent to a wrong email address. The ruling highlights the need for accuracy in the faceless appeals process. Read more.

IT Dept's New Campaign for Overseas Assets Disclosure

Income Tax Department launches second NUDGE campaign targeting 25,000 high-risk cases with overseas assets. Taxpayers must disclose foreign assets by Dec 31 to avoid heavy penalties under Black Money Act.

No power tariff hike in UP for 6th consecutive year

UPERC freezes electricity rates for all consumers, extends green energy options, and directs DISCOMs to reduce distribution losses to 10.74% by FY30. Regulatory surplus of ₹18,592 crore makes tariff hike unnecessary.

Trump's Ukraine Plan: A Strategic Test for India

Trump's 28-point Ukraine peace plan, favoring Russia, crosses Kyiv's red lines. For India, this US-Russia shift is sobering amid new 25% US oil tariffs. Delhi must navigate carefully.

US tariff cuts boost Indian agricultural exports

The US has removed reciprocal tariffs on over 200 food items, benefiting Indian farmers and exporters. This move levels the playing field for $1B+ annual exports of spices, tea, and fruits. #IndiaExports

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