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China adds relief funds for flood and quake-hit areas
46+ min ago (12+ words) Additional funds of $30 million were allocated. Read more at straitstimes. com....
Sale of Capital Goods under GST: When to Apply Section 18(4) & 18(6)
2+ week, 2+ day ago (575+ words) The article explains the legal distinction between ITC reversal on opting for composition and tax liability on sale of capital goods. It clarifies when Section 18(4) and Section 18(6) apply under GST law....
Section 54(3) Rewritten: Finance Bill 2026 Overturns VKC Footsteps Extending Inverted Duty
1+ week, 6+ day ago (562+ words) Explains how the 2026 amendment expands refund eligibility to input services and capital goods, correcting earlier restrictions that caused major cash flow issues....
Rupee Borrowings by Resident Individuals from NRIs/OCIs: Recent Amendments
2+ week, 2+ day ago (32+ words) The 2026 FEMA amendment removes uncertainty surrounding INR borrowings by resident individuals from NRIs and OCI relatives. The RBI has now prescribed clear conditions relating to fund receipt channels and repayment rules....
New Income Tax Rule 46(8): Mandatory Daily Backup of Digital Books in India
2+ week, 2+ day ago (92+ words) Rule 46(8) of the Income-tax Rules, 2026 requires businesses maintaining electronic books to create daily backups on servers located in India. The provision strengthens data localisation, audit readiness, and financial record accessibility....
Leave Travel Allowance (LTA) exemption: What Every Taxpayer Should Know
6+ day, 21+ hour ago (35+ words) The article explains the tax implications of domestic and international holidays under the Income Tax Act, 2025. It highlights rules relating to Leave Travel Allowance, TCS on overseas travel, and taxation of company-sponsored vacations....
Taxing the senator, not the driver, By Tobechukwu Ezeuko
9+ hour, 53+ min ago (21+ words) The 2024 Tax Reform Acts, signed into law on 26 June 2025 and effective from January 2026, consist of four bills....
The Average Checking Account Interest Rate in May 2026
1+ week, 10+ hour ago (324+ words) Updated May 18, 2026 The national average interest checking rate reflects what interest-bearing checking accounts pay across all U. S. banks. Most standard checking accounts pay nothing or close to nothing at all. Earning interest on a checking balance typically requires seeking out accounts…...
Moldova Customs Collected 871 Million Lei in One Week
11+ hour, 55+ min ago (11+ words) During the week customs collected 871 million lei for the budget...
National Savings Profit Rates go by up to 2. 20%, Check New Returns
10+ hour, 23+ min ago (131+ words) KARACHI " Pakistani government revised the increase in profit rates for National Savings schemes, providing improved returns for investors across different savings instruments. The revision includes an overall increase of 1% to 2. 20%, effective from May 26. The revised profit rates are expected to…...
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