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AXIS BANK NRE BANK ACCOUNT TAX NOTICE
Salary from South Korean employer credited to NRE account triggers income tax notice; ITAT Bangalore gives employee reliefEmployee gets income tax notice over salary received in NRE account from South Korean employer; ITAT Bangalore gives him relief. Know what ...- Bank customer spots huge unknown deposit in account, receives a call pressuring him to return it immediately, ends up approving even higher amount; warns SBIState Bank of India (SBI) has warned customers about the ‘Jumped Deposit Scam’, in which fraudsters use unexpected bank credits and urgent ...
- NRI investing in India? Wrong KYC documents can delay your investment; know what you needNavigating the KYC process for NRIs investing in India can be complex, requiring specific documents and verification steps. From ensuring d...
- RBI bid to drain surplus liquidity and improve rate transmission sees muted responseBanks parked just Rs 79,655 crore in the central bank’s 29-day variable rate reverse repo (VRRR) auction, less than half the Rs 2 lakh cror...
- GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agendaThe GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures ar...
- Businessman’s bank account put on hold after a Rs 2,253 transaction was flagged, requests to use the remaining balance went unanswered; High Court orders Axis Bank to release the moneyCalcutta High Court has ordered Axis Bank to defreeze a Kolkata businessman's bank account that had been put on hold over a cyber fraud cas...
- Rs 4 crore portfolio with ULIPs and multiple mutual funds. Should you simplify and consolidate your investments?Effectively managing a Rs 4 crore investment portfolio requires streamlining and consolidation for optimal financial performance. With mult...
- These 8 banking stocks have an upside potential of up to 29% in 1 year, according to analystsFor the last two years, one sector where actual performance has been better than expected has been banking. Yes, there were exceptions amon...
- Axis Bank shares in focus after Q2 biz update shows 23% rise in gross advances to Rs 13.8 lakh croreAxis Bank reported a 22.7% YoY rise in gross advances to Rs 13.846 lakh crore in Q2, while total deposits grew 20.7% to Rs 14.521 lakh cror...
- Majority of banks see credit growth outpacing deposits in Q2, RBL Bank leads the wayIn the second quarter, most banks experienced higher credit growth compared to deposit growth. HDFC Bank and Bank of India were notable exc...
- Axis Bank’s gross advances rise 23% YoY to Rs 13.85 lakh crore in Q2, deposits up 21%Axis Bank’s gross advances rose 22.7% year-on-year to Rs 13.846 lakh crore by September 30, 2026, while deposits increased 20.7% to Rs 14.5...
- Rs 85.3 lakh cash gifts from relatives deposited in bank trigger unexplained deposit income tax notice; taxpayer contests and wins case in ITAT ChennaiMr Amirtharaj from Thygarayanagar, got Rs 85.03 lakh cash gifts from his sister’s husband, uncle and other relatives, he deposited this cas...
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...
- FD rates up to 8.50% for senior citizens on 5-year deposits; Check the list of banksFD interest rate for senior citizents: Senior citizens can take advantage of attractive fixed deposit interest rates from various banking i...
- NRI child sending money to parents in India: Why a tax-free gift can still trigger an income-tax noticeParents receiving money from their NRI children in India may enjoy tax exemptions on gifts, but large transactions can attract scrutiny fro...
- ICICI Bank receives Rs 229 crore GST demand over minimum balance servicesICICI Bank has received a show cause notice from GST authorities regarding a ₹229.14 crore demand. This demand pertains to services provide...
- Axis Bank wants to double its Rs 8,688 crore data centre exposureIndia's rising interest in artificial intelligence is prompting Axis Bank to expand its lending to data centres. With demand for large-scal...
- Medicine shop owner deposits Rs 2.47 crore cash in bank account, gets income tax notice for unexplained cash; wins case in ITAT Delhi for this reasonMr Kumar, a medicine shop owner had deposited Rs 2.47 crore cash in his bank account during demonetisation period, he got an unexplained ca...
- NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limitWhen it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications ...
- My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...
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