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BENEFICIAL PROPERTY OWNERSHIP
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...
Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
Personal guarantors to bankrupt firms will need to declare crypto holding, art collections in IBC proceedingsNew draft rules will require personal guarantors of stressed companies to declare all personal assets. This includes crypto, jewellery, and...
‘Either-or-survivor’ clause lets the surviving joint account holder withdraw Fixed Deposit (FD) funds, but this does not make him or her the legal ownerJoint bank Fixed Deposit accounts often have an 'either or survivor' clause. This allows the surviving holder to access funds after the oth...
After buying a new house, I and my husband plan to sell old property; will capital gain tax be paid only by him or can I share it?ET Wealth Reader's Query: My husband plans to fully fund the purchase of a house, with no financial contribution from me. When we sell the ...
Overseas property? Mind the paper trailFresh international regulations will monitor foreign property ownership and income streams. Tax agencies will have enhanced insight into re...
Global real estate transparency push tightens compliance for Indian HNIsWealthy Indians with foreign properties are preparing for new tax rules. From 2029, Indian tax authorities will gain significant insight in...
Indian HNIs with overseas properties weigh compliance under new OECD auto-exchange rulesIndian high-net-worth individuals holding overseas properties are preparing for new OECD automatic exchange rules, granting tax authorities...
ED provisionally attaches Rs 7.44 cr assets belonging to Satyendar JainThe Enforcement Directorate has attached ₹7.44 crore in properties linked to Satyendar Kumar Jain, a former Delhi minister, concerning a mo...
India tightens oversight on overseas property investments by wealthy individualsIncreased oversight on beneficial property ownership abroad and stricter compliance with Indian capital controls aim to make overseas real ...
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...
Sebi fines 2 FPIs for violating market normsThe regulator has dropped charges against designated depository participant (DDP) ICICI Bank Ltd.
In times of COVID-19, the rules for national protection against opportunist investment needs greater clarityClarity regarding applicability of the PN3 to share issuance in the form of Bonus and Rights issue to the existing shareholders from the Bo...
SBI restrained from selling Videocon’s overseas assetsIf SBI is allowed to execute sale as advertised, the Videocon group may suffer an irreparable loss.
SBI stopped from selling Videocon overseas assets"The SBI is hereby prohibited to go ahead with the advertisement and directed to maintain the status quo till the decision is pronounced on...
Taxman target indirect investments in overseas companiesExplanations have been sought from some high-profile people on non-disclosure of indirect investments abroad.
Income Tax Dept attaches 900 benami properties worth over Rs 3,500 crore: Finance Ministry"Income Tax Department has attached properties worth more than Rs 3,500 crore, including immovable properties of more than Rs 2,900 crore, ...