Banks police business card swipes, ask users to swear off misuseBanks are tightening the rules for corporate credit cards following regulatory concerns. Users must now declare that these cards will only ...
12 Jun, 2025, 12.22 AM IST
Banks block Indian promoters' foreign NBFC plansLarge private sector banks in India are blocking Indian promoters' plans to establish investment companies abroad due to concerns of sidest...
24 Mar, 2025, 01.01 AM IST
Taxman sends tough questions to individuals on political donationsThe income tax department scrutinizes donations of ₹5 lakh or more made to little-known political parties during FY 2020-21, suspecting mon...
06 Mar, 2025, 03.58 PM IST
Study abroad turns into stash cash abroad; RBI takes noteThe RBI is scrutinizing the misuse of a 2003 rule allowing Indian students abroad to be treated as NRIs, which enables large overseas fund ...
04 Mar, 2025, 11.40 AM IST
Sell Balkrishna Industries, target price Rs 2092: HDFC SecuritiesHDFC Securities has issued a sell recommendation for Balkrishna Industries with a revised target price of Rs 2092. Despite strong volume gr...
30 Jan, 2025, 09.31 AM IST
Money laundering probe: ED to shoot off notices to uncover realty of DubaiMany Indian high net worth families have been swept up in the frenzy of the Dubai realty market where developers threw in lucrative offers ...
25 Jan, 2025, 08.11 AM IST
No country for rich men! UK rule spawns 'tax travellers'UK-based Indian families including millionaires and recent migrants are planning to split their time across multiple countries to avoid a n...
20 Jan, 2025, 11.55 AM IST
India-focused offshore funds under ED scanner for rule violationsThe Enforcement Directorate (ED) in India is investigating wealthy individuals who have been investing in offshore funds that primarily inv...
18 Nov, 2024, 11.18 AM IST
In a fix, HNIs await RBI directive on foreign FDsWealthy Indians are uncertain about investments abroad after a directive from the International Financial Services Centres Authority. It re...
13 Oct, 2024, 10.56 PM IST
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...
02 Sep, 2024, 12.49 AM IST
HNI investors in offshore ‘blank cheque’ companies receive income tax noticesMany resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital thro...
09 May, 2024, 12.51 PM IST
Where did the funds come from? Banks ask Indians moving money abroadUnder the Liberalised Remittance Scheme (LRS), resident individuals are permitted to transfer up to $250,000 a year abroad to invest in pro...
11 Apr, 2024, 11.08 AM IST
Insurers' intermediaries get I-T notices under benami law over alleged fund routing violationsOver the past one week, some companies acting as agents and marketing intermediaries of insurance companies have received notices under the...
22 Jan, 2024, 09.09 AM IST
Tax and disclosure norms: NRIs asked to state number of days spent in IndiaUnlike residents, NRIs are not required under the law to pay tax on overseas earnings or declare foreign assets. However, if they overstay ...
09 Jan, 2024, 08.32 AM IST
I-T uses fine-tooth comb to nab both employers & employees for TDS-claims mismatchThe Income Tax (I-T) department is using a fine-tooth comb to nab discrepancies in the tax deducted at source, or TDS, by companies and the...
26 Dec, 2023, 08.20 AM IST
Taxpayers slapped with unexpected notices for old tax demandsTaxpayers in India are receiving notices from the Income Tax department for old tax demands, some dating back more than 15 years, that have...
20 Oct, 2023, 11.54 PM IST
Several minors get I-T notices as parents transfer money abroadMany affluent individuals transferring funds abroad to run bank accounts and acquire properties or stocks abroad under the Reserve Bank of ...
24 Mar, 2023, 12.41 AM IST