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FOREIGNERS ACT
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- FBAR 2026: Have more than $10,000 in foreign accounts? This overlooked U.S. filing rule could cost you thousands if you miss Form 114A foreign bank account can create a major U.S. tax filing duty. The FBAR, or FinCEN Form 114, applies when qualifying foreign accounts exce...24 Aug, 2026, 10.50 PM IST
- India-US ties are looking up, but the Russia and Iran sanctions bill, FCRA & BRICS will test resetUS-India ties have improved at the working level, particularly in defence, with a new 10-year framework and Javelin missile sales, while In...24 Aug, 2026, 10.04 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
- ED arrests 2 in Rs 30,000 crore pan-India cyber fraud caseThe Enforcement Directorate has made two arrests in Mumbai related to a vast cyber fraud operation, part of a money laundering investigatio...24 Aug, 2026, 07.59 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
- 'Abysmal return to full-scale classic colonialism...': Iran slams latest slew of US sanctionsIran's foreign ministry spokesperson condemned new United States economic sanctions as unlawful.He stated these sanctions represent an extr...22 Aug, 2026, 10.44 AM IST
- Govt working on amendments to Actuary Act, 2006: DFS officialThe Department of Financial Services is working with the Institute of Actuaries of India to amend the Actuary Act, 2006, a senior Finance M...21 Aug, 2026, 10.20 PM IST
- ECI refuses RTI details on CEC Gyanesh Kumar’s official visits, claims ‘personal information’Saket Gokhale, a former MP, has alleged that the Election Commission is withholding information about CEC Gyanesh Kumar's official travel. ...21 Aug, 2026, 01.24 PM IST
- Sebi unlocks digital POAs for FPIs, waives notarisation & apostillisationSEBI now permits Foreign Portfolio Investors (FPIs) to submit digitally signed Power of Attorney documents, complying with the Information ...20 Aug, 2026, 07.56 PM IST
- Sebi eases FPI onboarding by allowing digitally signed Power of AttorneySebi has streamlined the onboarding process for foreign portfolio investors by permitting the use of digitally signed power of attorney doc...20 Aug, 2026, 05.56 PM 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
- 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
- SHANTI Draft Rules and Regulations: Single licence regime and technology from self-reliant countries proposedDraft rules for the SHANTI Act are now public, opening India's nuclear power sector. A single licence will cover building, operating, and d...17 Aug, 2026, 09.14 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
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