FOREIGN INCOME
Airtel to meet global fixed income investors on Feb 23 or later ahead of Rs 7,500 cr fund-raise via bonds“The company will meet global fixed income investors on or after February 23, following which and subject to market conditions, it will tak...
- Income tax search and seizure drives unearth undisclosed income over Rs 785 crore
The group is engaged in packaging and sale of tobacco and related products besides generation and distribution of power, FMCG and real esta...
- Citigroup considering divestiture of some foreign consumer units - Bloomberg Law
The move, part of Fraser's attempt to simplify the bank, can see units in South Korea, Thailand, the Philippines and Australia being divest...
- IT department raids on Bengaluru liquor company leads to over Rs 870-cr black money
The CBDT said a total of 35 "suspected benami properties" in the names of the relatives of the promoters of the group and associates, value...
- Intl policy experts warn against foreign influence in PH FDA
- More foreign firms to come under ‘Google Tax’ search
The Centre’s clarification on the scope of the equalisation levy on digital transactions, provided in Union Budget 2020-21, will bring more...
- Budget had marginal income-tax relief, compliance rationalised
It has been interestingly proposed that for ULIPs taken on or after Feb 1, 2021 the maturity proceeds of policy with an annual premium of ...
- Can Budget make India a globally preferred investment destination?
Today, India is focusing extensively in promoting foreign investments via brownfield and greenfield routes. Thus, it may be imperative to b...
- Government should provide income support & invest in public health: Jahangir Aziz
The world changed in 2020. Earlier, globalisation took the form of horizontal expansion of the supply chain. Post the pandemic, it might me...
- Maldives' first foreign funded project of 2021 backed by India inaugurated
It is the 1st India-funded grant project to be inaugurated in 2021 and overall, the 8th Indian grant project in the Maldives to be complete...
- Income tax dept launches portal for online filing of info about tax evasion, benami properties
The facility allows for the filing of complaints by persons who are existing PAN/Aadhaar holders as well as for persons having no PAN /Aadh...
- 5% more income tax returns filed this year
Over 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10, the Income Tax Depar...
- Govt creates special unit in Income Tax dept for probe into undisclosed foreign assets
The taxman now has huge data coming in from various international and domestic sources to check possible illegal foreign assets holding of ...
- What will be the tax implications if I invest the money sent by my NRI son as a gift?
If you take any gift from your son, the amount is not treated as income itself and there is no column in which such amount can be reported ...
- Live feed from foreign jurisdiction and money earned from that isn’t royalty: Tax ruling
The tax department on the other hand said that the entire income was taxable in India as per the India-Singapore tax treaty. The tax depart...
- Are you an NRI stranded in India due to Covid? Watch out for these tax rules
While work may not be affected in such a scenario, tax implications have changed significantly for these individuals. If you're an NRI stra...
- India doesn’t have first right to tax shipping income of foreign companies under India-Singapore tax treaty: ITAT
The ITAT upheld that only a resident state has a sovereign right to tax shipping income. ITAT ruled that under the provisions of India-Sing...
- Loss in foreign exchange on external commercial borrowing can be capitalised: Tax tribunal
The tax department had argued that the forex loss is notional and cannot be capitalised. The tribunal held that such mark to market losses ...
- Industry seeks easier Income Tax rules for foreign nationals
Industry bodies are seeking that India taxes only the local income of foreign nationals or expats staying in India for extended periods ...
MORE NEWS
