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BHUTA SHAH
Banks seek certification on source of overseas transfersHigh-street banks are now demanding testimonials on 'sources of funds' from wealthy Indians, NRIs, and businesses looking to move money abr...25 Dec, 2025, 04.01 AM IST- GST department can freeze your bank account! Here's what you should do if it happens with youTo ensure the integrity of tax collection, the GST department can provisionally seize a taxpayer's bank account. This precaution is crucial...19 Nov, 2025, 04.03 PM IST
- Banks tighten scrutiny on overseas investments amid falling net FDIBanks are closely watching Indian companies' foreign investments. They are asking more questions about the purpose and success of these ven...13 Aug, 2025, 11.54 PM IST
- 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...28 Apr, 2025, 01.12 PM IST
- Big relief for flat owners: No income tax payable if you get a new flat in exchange for old, rules Mumbai ITATA recent Mumbai ITAT ruling offers relief to homeowners in redevelopment projects. The tribunal held that receiving a new flat in exchange ...23 Apr, 2025, 07.02 PM IST
- New Income Tax Bill is coming next week says FM in Union Budget 2025: What is it likely to contain?Finance Minister Nirmala Sitharaman will introduce a new Income Tax Bill next week, modelled on the Direct Tax Code. The aim is to simplify...12 Feb, 2025, 01.02 PM IST
- Will you pay Rs 61,500 as income tax on Rs 12.10 lakh income? Know how marginal relief comes into playMarginal tax relief for Rs 12 lakh: Individuals having taxable income of Rs 12 lakh will not required to pay any tax from FY 2025-26. Howev...04 Feb, 2025, 04.35 PM IST
- Budget 2025: TCS rationalisation to benefit investors willing to invest in global marketsBudget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberalized Remittance Scheme (LRS) from Rs...01 Feb, 2025, 04.01 PM IST
- Budget 2025 could start implementing Direct tax code by cutting tax rates, removing exemptions, lay out road mapDirect Tax code Uion Budget 2025: The news report indicates that the government can bring a new income tax bill in the Budget 2025 session ...30 Jan, 2025, 12.18 PM IST
- Relief for policyholders: Will 18% GST on term life insurance premium be removed in the GST meeting on September 9, 2024?The upcoming GST Council meeting is expected to take a decision on removing the 18% GST levied on term life insurance premiums. This decisi...03 Sep, 2024, 01.25 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
- 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...04 Aug, 2023, 01.44 AM IST
- Govt taps experts on taxing crypto assets held by firms, family officesCompanies currently have to disclose any holdings or dealings in cryptocurrencies or crypto assets in their filings with the Registrar of C...20 Jan, 2022, 02.04 PM IST
- Consignments of dry fruits and spices from Afghanistan arrive in the Indian marketAfghanistan has witnessed bumper dry fruit production this year and exporters are in constant touch with Indian buyers despite the current ...01 Sep, 2021, 10.02 AM IST
- Foreign FIs halt plans to set up investment firms within IFSCsA European fund that was looking to set up a base in India via IFSC stumbled into a roadblock after its legal advisors pointed out that Ind...28 Jul, 2021, 09.31 AM IST
- Non-business profit/loss can be carried forward: Karnataka High CourtThe recent ruling said if a company, while paying taxes or preparing financial statements, had categorised a certain amount as “other busin...07 Jul, 2021, 08.05 AM IST
- New rules to bring MNCs, startups under tax lensSeveral multinationals and startups that operate through a complex maze of structures as part of their tax planning are set to see their ta...05 May, 2021, 08.48 AM IST
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