Rs 2.25-crore notice under Black Money Act to Delhi couple over Singapore, British Virgin Islands assets: ITAT Delhi gave full relief to taxpayer, know whyTax officer sent black money notice to Pitampura based couple and added Rs 2.25 undisclosed money from Singapore and British Virgin Islands...
26 Aug, 2026, 10.35 AM IST
ETMarkets NRI Talk | 50-60% in equities? R Sivakumar Axis MF CIO’s Rs 1 crore NRI portfolio playbookR Sivakumar, CIO, Axis Mutual Fund, believes the starting point should be a diversified asset-allocation framework rather than market views...
26 Aug, 2026, 08.42 AM IST
Have undisclosed foreign assets or income? Know the extra tax cost if you miss FAST Scheme 2026's December 31 deadlineIndia's FAST Scheme 2026 provides a unique opportunity for taxpayers to declare foreign assets. This voluntary disclosure window closes on ...
25 Aug, 2026, 03.32 PM IST
Karol Bagh man had foreign bank accounts, FD in Singapore, no ITR disclosure; income tax dept sent black money notice, but ITAT Delhi cancelled the notice for this reasonBlack money notice sent to man with Singapore FD and current bank a/c in his name and no ITR declaration; Know how he won case in ITAT Delh...
24 Aug, 2026, 04.14 PM IST
Missed reporting of overseas bank accounts, ESOPs, and foreign assets in Schedule FA of ITR? FAST-DS offers a chance to come cleanThere is an important caveat: the Black Money Act provides relief from Schedule FA penalty for certain foreign assets, other than immovable...
24 Aug, 2026, 11.22 AM IST
India needs a transparent rulebook for the business of influenceIndia lacks a transparent framework for public scrutiny of lobbying efforts. The recent debate over UPI merchant discount rates highlights ...
23 Aug, 2026, 11.14 PM IST
Freelancers filing ITR? Don't get these 5 things wrong: Form, expenses, 44ADA, foreign income, and moreFreelancers preparing for AY 2026-27 have a new ITR submission deadline, offering relief to many. Understanding tax audit requirements is e...
22 Aug, 2026, 06.37 AM IST
ETMarkets NRI Talk | GIFT City AIFs could be the next big NRI investment destination: LGT Wealth’s Nikhil AdvaniIn an interaction with Kshitij Anand of ETMarkets, Advani also discusses why NRIs remain under-allocated to Indian equities, how they shoul...
21 Aug, 2026, 07.39 AM IST
Income tax dept has identified suspicious entities that sent money abroad, launches verification drive; Know what to doBased on ground intelligence and analysis of data, Income tax dept Income tax dept has identified suspicious entities who sent money abroad...
19 Aug, 2026, 11.24 AM IST
Foreign Asset Disclosure Scheme 2026: From budget proposal to rollout - what residents and NRIs need to knowThe Foreign Assets of Small Taxpayers Disclosure Scheme, 2026 has moved from Budget proposal to implementation. This article explains its t...
19 Aug, 2026, 10.44 AM IST
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...
19 Aug, 2026, 06.51 AM IST
NRI bought life insurance policy in Dubai from a foreign insurer, got maturity proceeds after returning to India, his claim for tax exemption was denied; he won the case in ITAT for this reasonAn Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life ...
18 Aug, 2026, 07.00 AM IST
Sebi makes mutual fund registration simpler with one application formSebi has replaced multiple mutual fund registration forms with a single consolidated application, simplifying the approval process for new ...
17 Aug, 2026, 07.31 PM IST
RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheetIndia's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased...
17 Aug, 2026, 12.06 AM IST
India opens tax amnesty scheme for small taxpayers to declare select foreign assetsIndia's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared f...
16 Aug, 2026, 01.31 PM IST
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...
15 Aug, 2026, 12.02 PM IST
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...
15 Aug, 2026, 10.07 AM IST