India is implementing several new financial and regulatory rules starting Wednesday, April 1, as the new financial year 2026-27 (FY27) begins, impacting citizens across the country. New Income Tax Act 2026 India’s six-decade-old tax framework under the Income Tax Act, 1961 will be replaced by the newly introduced Income Tax Act, 2025 on April 1, … Read more
The Looming Financial Reset: How FY27 Rule Changes Will Reshape Your Income, Perks, and Tax Strategy Nearly 60% of Indian salaried professionals are unprepared for the sweeping financial changes slated to take effect in Fiscal Year 2027, according to a recent Archyworldys.com survey. These aren’t incremental adjustments; they represent a fundamental overhaul of income tax, … Read more
Agrifields DMCC Owner Amit Gupta Faces Increased Scrutiny in Australian Federal Police Investigation The owner of Agrifields DMCC, a prominent international trader in rock phosphate and fertilizers, Amit Gupta, is facing heightened scrutiny as investigations led by the Australian Federal Police (AFP) concerning his former company, Getax, progress. The unfolding situation raises questions about international … Read more
A woman residing in Singapore for tax purposes successfully challenged a denial of capital gains exemption on investments sold in India, with the Income Tax Appellate Tribunal (ITAT) Mumbai ruling in her favor. The dispute centered on the application of the India-Singapore Double Taxation Avoidance Agreement (DTAA) and whether gains from mutual fund units should … Read more
Latvia’s State Revenue Service has issued updated guidance on the taxation of royalty income, with the changes taking effect January 1, 2026. The updates include revisions to minimum wage rates, social insurance contributions, and clarification on payments made by collective management organizations. Royalty Income Taxation Updates in Latvia The updated methodological material includes the 780 … Read more