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HARSHAL BHUTA
Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...- US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...
- No law bans withdrawal of cryptocurrency: BinanceIndian crypto exchanges are blocking user withdrawals fearing misuse for money laundering. Global exchange Binance, however, permits free w...
- RBI tightens scrutiny of overseas investments as outflows surge to $27 billion in FY26Regulators are examining overseas investments by Indian companies. The Reserve Bank of India is seeking details on the purpose and structur...
- As rupee dips, I-T steps up vigil on shady outflowsIn multiple cases, individuals have used dozens of fake permanent account numbers (PANs) with the same name but different addresses and dat...
- HDFC Bank alerts clients on card swipe for overseas dealsIn recent times many resident individuals, banking with various financial institutions, have used cards to carry out international capital ...
- Banks block fund remittances abroad without right codeTo control random money outflows, Indian banks are now demanding specific reasons for overseas fund transfers. They are discouraging the us...
- Gifts gone wrong: RBI rains on rich Indians' offshore paradeRich Indian families face hurdles in gifting overseas wealth to their children. The Reserve Bank of India is scrutinizing the practice of g...
- RBI caps FEMA violation penalty at Rs 2 lakh to ease compliance burdenThe RBI has significantly eased FEMA regulations by capping penalty amounts for violations at Rs 2 lakh, a substantial reduction from the p...
- Banks wary of family trusts' large 'gifts' to NRI membersBanks are increasingly blocking fund transfers from family trusts to non-resident beneficiaries, suspecting attempts to bypass RBI's gift l...
- Share ESOP tale: Taxman to remind MNC staffThe Indian tax office plans to warn multinational corporations about the risks employees face if they do not disclose their stock options. ...
- Stricter regulatory stance: Now, Esops get the Press Note 3 treatmentThe Reserve Bank of India demands government approval for offering Esops to employees in countries sharing a land border with India, per Pr...
- Big bettors toss tough questions at WazirX amid legal tanglesBig bettors are questioning WazirX, the cryptocurrency exchange facing insolvency in Singapore after a major crypto heist. Two large invest...
- Large offshore investment write-offs trigger RBI alertThe Reserve Bank of India is scrutinizing large write-offs of overseas investments by several companies, suspecting these might not be genu...
- SAFE market makes comeback as some Indians dodge rules to bet on foreign startupsHNIs invest in 'SAFEs' in foreign startups, sidestepping RBI and FEMA regulations. Attracted by potential returns and simpler compliance, t...
- Buying a home in Dubai? Do a FEMA reality checkNavigating property purchases in Dubai can be a regulatory maze for Indians due to foreign exchange laws. Deals offering easy payment plans...
- Rich face crypto dilemma: To bet or not via foreign routeUnlike direct purchase of cryptos, investing in an ETF is subscribing to units or securities issued by a regulated fund --- a feature that ...
- Review exporter caution-listing: RBI PanelThe age-old mechanism of placing exporters who fail to bring in foreign exchange in time on the 'caution list' may be examined. An internal...
- Government tweaks anti-money laundering law, lens now on transactions by chartered accountantsIndia has widened the ambit of its anti-money laundering laws, which now include transactions that are executed by professionals, such as c...
- RBI cracks the whip on banks, companies over past reporting lapsesSeveral companies, according to banking circles, are unable to make fresh financial commitments to their offshore arms after the central ba...
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