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CASH DEPOSIT IN BANK TAX NOTICE
Rs 1.33 crore cash deposit, no ITR filing, yet senior citizen wins income tax case; ITAT Bangalore explains whyRetired teacher from Mysore deposits Rs 1.33 crore cash in bank, files no ITR; tax dept issues notice; he wins case in ITAT Bangalore as ta...- Loans against FCNR B deposits exempt from priority sectorThe Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and N...
- 19x leverage on FCNR(B) deposits and high returns may not work for NRIs based in Singapore in this caseFCNR (B) FD: For NRIs, the potential gains from FCNR(B) deposits may be undermined by Singapore's tax policies. Interest earnings from Indi...
- Parliament Monsoon session: Opposition continues protest over alleged police action against studentsOpposition MPs protested in Parliament over alleged Ram temple donation theft. They also demanded a statement regarding police actions agai...
- Can you get income tax notice for making digital payments through UPI, NEFT, RTGS, and IMPS? Know when it can be triggeredDigital transactions like UPI and NEFT can trigger income tax notices. These notices arise when transactions do not match your declared inc...
- Liquidity to peak in Sept, but big surplus won't last long: RBIThe Reserve Bank of India will absorb surplus liquidity from a special forex swap facility. This absorption will occur through higher curre...
- PPF rules for NRIs: Can non-resident Indians open PPF account in India?A Public Provident Fund (PPF) is a long-term, small savings scheme offered by the government of India. The PPF offers an attractive interes...
- ETMarkets NRI Talk | Alternatives can account for up to 20% of an NRI's India allocation: Shiv GuptaFrom portfolio management services (PMS) and alternative investment funds (AIFs) to private credit, these asset classes offer the potential...
- Building an emergency fund? Here's when a sweep-in FD beats a liquid fund & when it doesn'tSweep-in fixed deposits and liquid funds offer better returns than savings accounts. Sweep-in FDs provide immediate access for money needed...
- Filed your ITR? Here's how to check for notices and avoid costly penalties
- PNB credits Rs 100 crore in a West Bengal woman's account instead of LPG subsidy leaving her in shockA zari worker discovered nearly one hundred crore rupees credited to her bank account. Her account was subsequently frozen, preventing dail...
- HDFC Bank, ICICI Bank raise FCNR (B) interest rates: Depositors to get up to 6.25% rates on select tenures; check detailsHDFC Bank and ICICI Bank have raised FCNR(B) deposit rates by twenty-five basis points. This increase applies to select US dollar FCNR(B) d...
- Estate planning: Why passing on wealth during your lifetime can be a smarter succession strategyGifting and charity, in cash and kind, during one’s lifetime offers the scope for creating shared experiences of celebration, travel, enter...
- UAE freezes 'Desi Bling' star Satish Sanpal's assets over money laundering probeBesides the financial services accounts and digital wallets of Satish, the FIU freezing order, issued about a fortnight ago, extends to acc...
- FD rate up to 8.3% for senior citizens investing for three years; Know list of banksSelect banks offer senior citizens fixed deposit interest rates up to 8.3 percent. Jana Small Finance Bank provides this highest rate for a...
- Planning to invest over Rs 10 lakh in fixed deposits? Here are 4 benefits of splitting your money across multiple FDsInvestors face a choice between single and multiple fixed deposits for large sums. Splitting deposits offers better liquidity and increased...
- Rajasthan footwear artisan earning Rs 15,000 a month received Rs 6 cr tax notice: A fake export firm in TN with Rs 6.7 crore GST dues was allegedly registered using his PANRajasthan footwear artisan Jitendra Kumar Jingar, who earns Rs 10,000 to 15,000 a month making traditional leather shoes in Balotra distric...
- FCNR(B) hurdle: Singapore holds ground on withholding taxGiven the spread between interest offered on FCNR deposits and interest charged on loans, a 10% WTH on loan interest on tax grossed-up basi...
- FCNR(B) deposit drive could pressure banks' profitabilityBanks' leverage on FCNR(B) deposits could pressure profit margins. Overseas interest rates are lower, and lending spreads remain thin. This...
- Are you afraid of getting an income-tax notice? Here's how to avoid it completely
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