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The Latest Breaking News from CA

Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reason

Rs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salaried employees may not be well versed in complex tax provisions. Read the story to know the full details.

The Economic Times

ITR filing deadline extension: Will Income Tax Department extend July 31 ITR filing due date? Here’s what chartered accountants believe

ITR filing deadline: Nearly 5.44 crore taxpayers filed income tax returns for AY 2026-27 by July 30. Experts suggest the July 31 deadline extension for income tax returns is unlikely. The e-filing portal has been functioning smoothly with no widespread technical issues reported. Taxpayers should file their returns by the…

The Economic Times

Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?

Taxpayers face a choice between filing income tax returns now or later. The income tax return due date is approaching for many individuals. Filing a revised return corrects errors but large deviations may attract scrutiny. Belated returns are an option if the original deadline is missed. Missing the belated deadline…

The Economic Times

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TDS deducted but you haven't filed your ITR yet? Here's what happens if you miss the July 31 deadline

Failing to file your income tax return by July 31, 2026, after TDS deduction has consequences. You will face interest charges and a late filing fee for delayed submissions. Not filing an ITR prevents claiming refunds and carrying forward losses. Virtual digital asset income is taxed regardless of the exemption…

The Economic Times

Are you an NRI who sold an under-construction property? Here's what actually counts as your “Date of Purchase” for capital gains calculation

NRIs selling under-construction property must use the allotment date for capital gains. This date determines long-term versus short-term capital gains tax treatment. The Bombay High Court and other rulings support the allotment date as the acquisition point. This principle applies even when possession or registration occurs much later. Proper documentation…

The Economic Times

Hold US stocks under LRS? Here’s why you may not be able to gift them to NRI children

Indian residents cannot gift US shares purchased through the LRS route to their NRI children. The liberalised remittance scheme requires sale proceeds to be repatriated within 180 days. US stocks held under LRS may face US estate tax upon the investor's death. Indian residents can reduce this exposure by investing…

The Economic Times

Save income tax when filing ITR for AY 2026-2027 by claiming Section 54 or 54F benefits if you sold land, house property or equity shares; Know how

Indian taxpayers can claim capital gains tax exemptions by reinvesting sale proceeds. Section 54 and 54F allow exemptions for residential property sales and other assets. Specific timelines and conditions must be met for claiming these tax benefits. Unutilised amounts must be deposited in the Capital Gains Account Scheme. Reporting these…

The Economic Times

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Rs 17.41 lakh penalty for ITR filing mistake: CA firm's owner's affidavit helps taxpayer get relief in ITAT Mumbai; know how

Rs 17.41 lakh penalty imposed due to error in ITR filed by junior staff in CA firm; Here's how affidavit from the CA firm's owner helps taxpayer get relief from penalty in ITAT Mumbai. Know how taxpayer won case in ITAT Mumbai

The Economic Times

Conservation agriculture can boost wheat protein content by up to 12%, improve water efficiency: Study

A study finds conservation agriculture with drip irrigation can boost wheat protein content by up to 12% while improving yield and resource efficiency.

The Economic Times

A Blood Test for Colorectal Cancer Is Now Included in Official Screening Guidelines, with Key Limitations Patients Should Know

The ACS 2026 colorectal cancer guidelines added the Shield blood test, but call it a non-preferred option less effective at finding precancerous polyps than colonoscopy or stool tests.

Medical Daily

Need help with ITR filing? Check the ITR filing charges across various websites for AY 2026-2027 for students, salaried persons, pensioners and NRIs

Individuals can compare income tax return filing charges across several platforms. The deadline for filing is July 31, 2026, for many taxpayers. AI-assisted self-filing options are available at lower costs. Expert-assisted plans offer comprehensive support for complex income situations. These services cater to students, salaried individuals, pensioners, and NRIs.

The Economic Times

Global Cancer Cases Could Reach 35 Million a Year by 2050 as Population Growth and Aging Drive a 67% Surge

Global Cancer Statistics 2026 projects 34 million cancer cases by 2050, a 67% increase. Nearly 21 million cases in 2024, 9.8 million deaths. Lung cancer remains the top killer.

Medical Daily

Watching Australian sport embrace Modi broke my heart – and showed inclusion is still just a strategy

When the AFL and Cricket Australia target India and the diaspora but only engage with convenient perspectives, trust begins to erode

The Guardian - AU

The Myth That Baby Rattlesnakes Are More Dangerous Than Adults Has Been Formally Debunked

A new Loma Linda University study debunks the baby rattlesnake danger myth — adults inject far more venom and cause worse bites. Here is what to know if you encounter either one.

Medical Daily

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The Economic Times

Exclusive | Motilal Oswal opens up on succession, 10X profit goal and his 39-year partnership with Raamdeo Agrawal

Motilal Oswal Financial Services aims to grow profits tenfold over the next decade while preparing for a leadership transition. In an exclusive interview with ET Markets, billionaire co-founder Motilal Oswal said the group has inducted the next generation—Pratik Oswal and Vaibhav Agrawal—onto the board and is also empowering senior professionals.

The National (Scotland)

SNP members lodge formal complaint over auditors 'failing to spot Murrell's crimes'

SEVERAL former SNP councillors and local party officials have demanded a probe into the party’s former auditors for failing to spot Peter…

The Economic Times

How an Indian-origin entrepreneur returned to Dubai and rebuilt his father's struggling business into a luxury glass company

A family emergency led Shabbir Mithaiwala to abandon his accounting dreams. He returned to Dubai and revived his family's struggling picture-frame business. This venture evolved into a luxury architectural glass company. The firm now undertakes premium hospitality and residential projects across the UAE. Mithaiwala credits his brothers for the business's…

The Economic Times

CA Day 2026: Why is it celebrated on July 1? Know history, this year's theme, motto

CA Day: July 1 marks the 77th anniversary of the Institute of Chartered Accountants of India (ICAI), the world's second-largest accounting body. Established in 1949, even before India's Constitution, ICAI plays a crucial role beyond tax filing, guiding businesses through complex financial landscapes. Its motto, "the one who is awake…

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PC Gamer

Total War: Warhammer 3 is getting new endgames, individual victory conditions, a Vampire Counts rework, and Nurgle's three grossest champions

We can even become an endgame crisis ourselves, which sounds neat.

PC Gamer

Creative Assembly wants to know which factions you wish to play as in Total War: Medieval 3, but whatever you do, don't ask to play as the Pope

Some factions are already "locked in".

The Economic Times

Why Rakesh Jhunjhunwala bought Titan shares when everyone else was selling? Raamdeo Agrawal explains

Raamdeo Agrawal recalls Rakesh Jhunjhunwala’s exceptional ability to spot undervalued stocks and build long-term wealth, highlighting his famous Titan investment as a defining example. Despite early setbacks in the company, Jhunjhunwala accumulated shares at low prices and held them through its transformation into a major jewellery business, creating massive wealth…

Cinemablend

One Piece Of Parenting Advice That’s Stuck With Scarlett Johansson As She Navigates Hollywood

It helps she has a good partner in Colin Jost.

The Economic Times

caresults.icai.org CA Final Result 2026: ICAI result OUT; Check scorecard, login details and step-by-step download guide

ica result 2026: The Institute of Chartered Accountants of India has announced the CA Final Result 2026. Candidates can now check their scores on the official ICAI results website. Accessing the scorecard requires login credentials. Students should keep their roll number and registration details ready. The online scorecard will show…

The Economic Times

CA Final May 2026 toppers list: Noor Singla secures AIR 1; check top rankers name, pass percentage and more

CA Final May Toppers list 2026: The Institute of Chartered Accountants of India has released the CA Final May 2026 examination results. Candidates can now check their scorecards and All India Ranks on the official website. The merit list has also been published. The registration for the November 2026 examination…

The Economic Times

ICAI CA Final May Result 2026 out at caresults.icai.org: How to check CA final result, step-by-step guide to download scorecard

CA Final May 2026 result link: The Institute of Chartered Accountants of India (ICAI) has released the CA Final May 2026 results are out today, June 18, 2026. Candidates can check their scores on the official ICAI website, caresults.icai.org, by logging in with their registration and roll numbers. The scorecard…

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