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India Removes Value Caps Under Customs Baggage Rules, 2026 Gold Jewellery 40 Grams Allowance
India's 2026 Customs Baggage Rules simplify gold imports by replacing fluctuating rupee value caps with fixed weight allowances. Eligible women…
Expanded Tax Credits Ease Fertility Costs with METC and Ontario’s New Fertility Treatment Tax Credit
Canada has expanded fertility tax support for 2026, notably through broader federal METC rules and Ontario's new refundable credit. This…
Supreme Court Upholds ₹2.9 Crore SAIL GST Refund for Unutilised ITC
The Supreme Court ruled that GST pre-deposits for appeals are 'appellate mechanism' refunds, exempt from Section 54 time limits. This…
NRI LTCG Relief Under Section 115F Faces Clawback If Reinvested Asset Sold Same Year
The March 31, 2026 deadline is critical for NRIs who reinvested share sale proceeds to claim tax exemptions. Selling the…
Internal Revenue Service Operates Under Contingency Plan Using IRA Funds
A partial government shutdown has begun, with the IRS using contingency funds to keep refunds moving for a limited time.…
IRS Disaster Tax Relief Extends Filing Deadlines but Payments Continue
The IRS extended tax deadlines to February 2, 2026, for federally declared disaster areas. This includes individual and business returns…
India Raises Duty-Free Limit to ₹75,000 Under New Baggage Rules
Effective February 2, 2026, India's Baggage Rules 2026 increase duty-free allowances to ₹75,000 for residents and ₹25,000 for foreign tourists.…
Gavin Newsom Warns Billionaire Tax Will Drive Wealth Out of California
Governor Newsom has voiced strong opposition to the 2026 Billionaire Tax Act, arguing that taxing California's wealthiest residents will lead…