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ED probes alleged ESOP misuse to launder money, bypass LRS rulesThe Enforcement Directorate is now looking into employee stock options from foreign firms given to Indian workers. This move aims to uncove...- ED widens probe into 50+ entities over penny stock launderingThe Enforcement Directorate is investigating over 50 individuals and firms for alleged money laundering through penny stock price rigging. ...
- Taxman may get more power to demolish benami realty dealsTo combat benami property deals, a CBDT panel suggests stricter measures, including access to Aadhaar data and property registries. The rec...
- UAE rule, wary I-T to deter dodgy crypto dealsIndian tax officials suspect cryptocurrency was used to purchase properties in Dubai, bypassing Indian banking channels. New UAE regulation...
- Taxman smells a scam in dubious agricultural income declarationA nationwide probe by the income tax department is investigating entities declaring agricultural income of ₹50 lakh or more without owning ...
- Will ED crackdown stem the great Indian Dubai rush?Dubai's housing market has seen substantial growth, driven notably by Indian investors, including those from smaller cities. However, incre...
- Hidden UK mansions? ED is now chasing wealthy Indians who own them via offshore cosAffluent Indians using offshore companies to buy UK properties are now under the ED's scrutiny. Acquiring stocks of foreign firms mainly ho...
- India's lavish weddings under taxman’s scrutiny: IT department investigates Rs 7,500 crore of unaccounted cashThe Income Tax Department is investigating around 20 wedding planners in Jaipur for suspected tax evasion of approximately ₹7500 crore. The...
- 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. ...
- German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sentGermany has provided India with a massive amount of data on properties in the UAE owned by Indians, potentially leading to tax evasion inve...
- Taxman fires rockets at Indians with 'undisclosed' Dubai propertiesRecently, around 100 wealthy Indians have been served notices by the Foreign Asset Investigation Unit of the Income Tax department for alle...
- Crypto’s legal tangles seem as mystifying as digital asset itselfTraders betting on crypto platform WazirX have learnt that they are “unsecured creditors” of a Singapore company named Zettai (the Japanese...
- Budget 2024 shakes up tax rules, hitting stocks, properties, and goldThe government has introduced significant tax changes impacting stock market transactions, property sales, and gold imports. Revised tax ra...
- 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...
- Banks get ready to count int'l credit card spend in liberalised remittance schemeUnder the belief that reissuing the specific notification may not go against the model code of conduct, many banks are preparing to integra...
- 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 ...
- How people are finding canny ways to spend their Rs 2,000 notesThe RBI's decision to withdraw the Rs 2,000 currency note has launched a gold rush. In Mumbai's gold bazaar, some jewellers were charging a...
- Rush to change Rs 2,000 notes spills on to many routesThe withdrawal of 2000 rupee notes in India has led to some visiting temples and religious institutions in order to change the notes into s...
- Taxman has a 'benami' key to exhume deals assumed long done and dustedIndian tax officials, looking into suspected benami deals, are pressing wealthy individuals about transactions that occurred long before th...
- Many get caught in taxman's net for using political donations to evade taxThe first leg of the transaction --- where money was donated by cheque or electronic transfers with the donor receiving a receipt from the ...
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