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UNDISCLOSED FOREIGN ASSETS
Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...15 Jun, 2026, 07.43 AM IST- What crypto investors need to know for tax season 2026India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...13 Jun, 2026, 12.42 PM IST
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITRIndian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...28 May, 2026, 05.17 PM IST
- Mismatch between Rahul Gandhi's income, foreign trips' expenses, says BJPThe BJP has turned the spotlight on Rahul Gandhi's extensive global travels, calling for transparency over the sources of funding for these...14 May, 2026, 01.47 PM IST
- SC sends Rs 30,000 crore Sunjay Kapur estate dispute involving Karisma Kapoor’s children to mediationThe Supreme Court has sent the Sunjay Kapur family estate dispute to mediation. Former Chief Justice DY Chandrachud will oversee talks betw...07 May, 2026, 11.57 AM IST
- After AI, China unicorns are eyeing global domination in robotic humanoidsLinkerbot currently holds over 80 per cent of the global market share in high-degree-of-freedom (DoF) robotic hands.04 May, 2026, 07.01 AM IST
- Supreme Court grants anticipatory bail to Pawan Khera in defamation caseThe Supreme Court has granted anticipatory bail to Congress leader Pawan Khera. This relief is in a case involving allegations of forgery a...01 May, 2026, 01.08 PM IST
- Delhi HC says Priya Kapur must clear ‘legitimate suspicions’ raised by Karisma Kapoor’s kids in Sunjay Kapur family estate disputeDelhi High Court mandates that doubts surrounding Sunjay Kapur's Will must be cleared. Priya Kapur, the Will's proponent, faces the task of...01 May, 2026, 12.32 PM IST
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...29 Apr, 2026, 01.06 PM IST
- ₹60 Lakh vs ₹1.20 crore: How Budget 2026’s foreign asset disclosure scheme cuts black money act risk for NRIs and residents with overseas assetsBudget 2026’s proposed Foreign Income & Assets Disclosure Scheme offers a calibrated settlement window for NRIs and residents with overseas...05 Mar, 2026, 05.14 AM IST
- Budget offers one-time amnesty for undisclosed foreign assets held by individualsA six-month mini amnesty window allows individuals to declare undeclared foreign assets acquired with disclosed earnings for a fee. This in...02 Feb, 2026, 12.52 AM IST
- Nudged by taxman, MNCs tell staff to reveal undisclosed foreign assetsThe Income Tax department is sending urgent reminders to multinational companies. Employees with undisclosed foreign assets and earnings ar...22 Dec, 2025, 12.26 AM IST
- Tax dept focuses on undisclosed foreign assets in NUDGE 2.0The CBDT has launched the second phase of its NUDGE initiative, targeting taxpayers with unreported foreign assets. The campaign aims to en...28 Nov, 2025, 12.00 AM IST
- Taxman takes affidavit route to uncover undisclosed foreign assetsTill now many bought time and tried to dodge the tax office by denying ownership or links with any overseas assets with false submissions, ...24 Aug, 2023, 06.20 AM IST
- Income Tax dept issues notices in 422 cases for undisclosed foreign assetsUndisclosed income of more than Rs 8,460 crore has been brought to tax and penalty of more than Rs 1,290 crore has been levied, on deposits...11 Feb, 2020, 09.04 PM IST
- Compounding tax scheme loses steam after just one caseThe compounding scheme introduced in 2015 was aimed at encouraging tax evaders to come clean on foreign bank accounts and declare undisclos...22 Oct, 2016, 10.33 AM IST
- Finance ministry to reopen assessments of taxpayers with secret foreign assetsThe finance ministry is considering reopening assessments of taxpayers found to possess undisclosed foreign assets08 Oct, 2011, 03.42 AM IST
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