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Petition filed against Cha Eunwoo’s military band posting amid tax evasion controversy; authorities dismiss concern – Report |

Following his second apology for tax evasion, K-pop star Cha Eunwoo faces a petition questioning his military band assignment. Critics argue his public role and recent controversy warrant a review of his selection, citing potential damage to military trust. Authorities, however, maintain his posting adheres to internal regulations and are not investigating any changes. Hours…

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Working abroad? How to stay compliant with India’s tax residency rules in a globalised world – explained

Individuals should effectively apply tie breaker rules in case of possible dual residency under applicable tax treaty provisions. (AI image) In today’s globalised world, the ability to live in one country and work in another country for an employer in the third country is becoming a norm rather than an exception. Professionals are increasingly building…

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Indian couple jailed in UK for running companies for over 5 years despite legal ban; involved in £2 million tax fraud

An Indian‑origin couple was sentenced in the United Kingdom after they continued to run companies for more than five years despite being legally barred from doing so. 71‑year‑old Bharat Jogia, from the West Midlands region of England, was disqualified as a company director for 13 years in 2014. He accepted a disqualification undertaking after admitting…

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India scraps import tax on petrochemicals: Govt may lose over $190 million in revenue, report flags

Centre’s decision to remove customs duties on petrochemicals might reportedly cost the government around 18 billion rupees. The measure has been introduced under emergency provisions to tackle supply disruptions caused by the ongoing conflict in the Middle East. Announced on Thursday, the decision follows New Delhi’s invocation of emergency powers and the diversion of local…

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Tax reform rollout: New Income Tax Act 2025 comes into force, CBDT calls it a shift towards simpler compliance

The Income Tax Act, 2025 came into force from April 1, marking a major overhaul of India’s tax framework, with the Central Board of Direct Taxes (CBDT) describing it as a step towards simplified compliance and a “new chapter” in tax administration, according to PTI.The new law replaces the six-decade-old Income Tax Act, 1961, and…

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Top 10 things that change for your finances from April 1, 2026: From new PAN application norms, FASTag fee to income tax & ATM rules

Top 10 changes to your finances (AI image) It’s the start of a new financial year 2026-27, and from today, April 1, 2026 several small and big changes in the way you manage your finance, and income tax come into effect. Some of the changes affect credit card users, FASTag subscribers, RuPay debit cardholders. Here…

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Govt notifies Finance Act 2026: New income tax rules, surcharge changes come into effect from April 1

The government has notified the Finance Act 2026, bringing into force the tax changes approved under the Union Budget for 2026-27, according to a gazette notification issued by the Ministry of Law and Justice.“The following Act of Parliament received the assent of the President on March 30, 2026 and is hereby published for general information,”…

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ITR filing AY 2026-27: Income Tax Return forms ITR-1 to ITR-7 notified; key changes, eligibility explained

The government on March 30, 2026 notified Income Tax Return (ITR) forms ITR-1 to ITR-7 for the assessment year 2026-27, marking the start of the ITR filing season. Individuals, pensioners, professionals and other taxpayers can now file their returns using the applicable forms by July 31, 2026.A key change this year relates to ITR-1 (Sahaj),…

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