NRIs receiving gifts from resident Indians face varying tax implications. Gifts from specified relatives are fully exempt from Indian incom...

A parliamentary committee has proposed the establishment of a self-regulatory organization for cryptocurrencies, functioning under the supe...

India's retail investing growth is structural, driven by demographics and financialization. Digital broking will focus on informed decision...

A new US bill introduces a 3.5% excise tax on overseas remittances from non-citizens, including NRIs and immigrants, effective January 2026...

Budget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new thresholds will aid ...

Budget 2025 proposes increasing threshold limits for tax deducted at source (TDS) across various income categories, benefiting small taxpay...

India has no set timeline for comprehensive virtual digital asset regulations, citing the need for international collaboration. The governm...

Here is the rate you will be charged for foreign remittances under LRS below and above Rs.7 lakh.

The Indian government has clarified that remittances for education and medical treatment expenses will cover associated costs like internat...

This is the first time annual remittance outflows contracted since 2015 when the Reserve Bank of India (RBI) doubled the annual limit for s...

The flow of domestic remittances revived in September, suggesting that the migrant crisis that ensued during the initial months of the lock...

RBI has tightened the rules for remitting money abroad under the Liberalised Remittance Scheme and made PAN mandatory for anyone using this...

Remittances to India from the Gulf countries fell 2.2% in 2015-16 from that a year ago to $35.9 billion, declining for the first time in si...

With about USD 70 billion in remittances in 2013, India is the largest recipient of officially recorded remittances in the world.

The Reserve Bank today allowed companies to remit overseas the salaries of foreigners working in the country.

Money transfer firm, Xpress Money is planning to move the Reserve Bank for a rupee drawing arrangement licence, a top company official has ...

The State Bank of India's share in cash remittances from overseas has jumped sharply as the bank aggressively expanded overseas and opened ...