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CBDT FOREIGN ASSETS DISCLOSURE SCHEME
'India was, is and will be one of fastest-growing economies': SBI ResearchIndia remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and deposit growth indicate...- Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by Decembe...
- Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...
- Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...
- Forex reserves soar to $707 billion, highest so far in current fiscalIndia's foreign exchange reserves saw a notable increase, rising by $14.1 billion to hit a significant $707 billion. This boost included a ...
- RBI to close FCNR(B) swaps a month earlier due to gushThe Reserve Bank of India has moved the FCNR(B) deposit deadline to August 31 in response to better-than-expected foreign currency inflows....
- Bank deposits hit decade-high growth as NRI dollar inflows cross $37 billionBank deposits saw their fastest growth in nearly ten years by July. Overseas Indians deposited about $37 billion in foreign currency accoun...
- Presumptive taxation for professionals: The 50% rule remains-but what changes for deductions and losses under the new tax Act?The 50% presumptive taxation rule for professionals largely continues under the new Income-tax Act. However, Section 58(4) introduces a wid...
- Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
- Shiprocket raises Rs 727 crore from anchor investors ahead of IPO launchIn an impressive funding round, Shiprocket has garnered ₹727 crore from anchor investors in anticipation of its IPO. Esteemed domestic and ...
- Amendments to FCRA aimed at safeguarding India’s sovereign rights: Italian-Canadian analystAn article in Italian geopolitical platform Formiche defended India’s proposed FCRA amendments, saying they are aimed at protecting soverei...
- FCRA Amendment Bill 2026: No ban on foreign funding, says India’s envoy to US as he counters ‘myths’ with ‘facts’India's proposed Foreign Contribution Regulation Amendment Bill faces opposition and questions. Former foreign secretary Vinay Mohan Kwatra...
- NFO Update: SBI Mutual Fund launches balanced hybrid fundSBI Mutual Fund has launched the SBI Balanced Hybrid Fund, an open-ended scheme investing in equity and debt instruments. The NFO is open u...
- Parag Parikh Flexi Cap Fund hikes stakes in HCL Tech, Coal India and 9 other stocks in July. Check full listParag Parikh Flexi Cap Fund, the largest active flexicap fund by AUM, raised its stake in HCL Technologies, Coal India and nine other stock...
- Sebi aims to relax offshore fund investor-disclosure rules as appeals grow: ReportIndia's market regulator is set to simplify disclosure requirements for offshore funds to entice more long-term foreign investment. The pro...
- Rejig of global tax reporting rules to cover digital financeThe revised guidance, issued by the central board of direct taxes (CBDT), lays down an updated compliance framework for reporting financial...
- Sebi opens faster route for rollout of AIF plansThe Securities and Exchange Board of India has introduced a new green channel mechanism. This new framework, called GARUDA, aims to speed u...
- Tax filers scramble to fix foreign asset disclosures: I-T portal data & SMS alerts prompt review of overseas holdings before July 31Taxpayers are receiving alerts about undeclared foreign assets before the July 31 deadline. The tax department has uploaded foreign asset d...
- NRI or not, 8 ways India's new foreign account tracking affects you
- Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...
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