Income Tax Department launches nationwide verification of suspicious foreign remittancesThe Income Tax Department has launched a nationwide verification exercise into suspicious foreign remittances after identifying several ent...
19 Aug, 2026, 09.42 AM IST
Big relief to taxpayers with undisclosed foreign assets: CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by December 31, 2026Good news: Save huge tax penalty as CBDT notifies Foreign Assets of Small Taxpayers disclosure scheme rules; Know who can use it by Decembe...
19 Aug, 2026, 06.51 AM IST
NRI bought life insurance policy in Dubai from a foreign insurer, got maturity proceeds after returning to India, his claim for tax exemption was denied; he won the case in ITAT for this reasonAn Indian resident successfully challenged the tax department's claim of undisclosed foreign income on maturity proceeds from a Dubai life ...
18 Aug, 2026, 07.00 AM IST
Stocks in news: Airtel, Paytm, SpiceJet, ONGC and ZEEMarkets extended their losing streak for a fifth consecutive session on Monday. Airtel Payments Bank appointed Shabnam Sinha as its new cha...
18 Aug, 2026, 06.40 AM IST
Emerging markets defy global shocks as investors return to local assetsEmerging markets are seeing renewed investor interest despite geopolitical tensions, trade risks and AI-driven volatility, with debt attrac...
17 Aug, 2026, 01.23 PM IST
Moving back to India? What NRIs need to know about US tax obligationsFrom RSUs to retirement accounts, what returning Indians must settle before—and after—they land. The first thing to understand is that immi...
17 Aug, 2026, 12.41 PM IST
RBI's $56.8 billion forex drive: How diaspora deposits reshape India's currency risk and balance sheetIndia's special forex package has successfully garnered over fifty-six billion dollars in deposits, surpassing expectations. This increased...
17 Aug, 2026, 12.06 AM IST
India opens tax amnesty scheme for small taxpayers to declare select foreign assetsIndia's tax amnesty scheme for small taxpayers opened Sunday and runs until December 2026. This one-time measure aims to bring undeclared f...
16 Aug, 2026, 01.31 PM IST
ONGC gets US licence to resume full Venezuela operations, eyes operatorshipONGC has received a US Treasury license to resume full operations in Venezuela. This approval removes sanctions-related risks, allowing exp...
16 Aug, 2026, 11.08 AM IST
What Bessent’s economic isolation of Iran could look likeThe US Treasury plans new economic pressure on Iran, facing skepticism from critics. Targeting China's oil purchases poses risks to US-Chin...
15 Aug, 2026, 07.58 PM IST
Foreign Assets Disclosure Scheme 2026: ₹1 crore limit, 30% tax and December 31 deadline — all you need to knowA new government scheme will open on August 16, 2026, for taxpayers to disclose foreign assets. This one-time voluntary disclosure scheme c...
15 Aug, 2026, 12.02 PM IST
Govt opens tax disclosure window for foreign assets, incomeThe government has opened a limited window for taxpayers to disclose specified foreign assets and income. Two routes offer eligibility thre...
15 Aug, 2026, 10.07 AM IST
Forex reserves soar to $707 billion, highest so far in current fiscalIndia's foreign exchange reserves saw a notable increase, rising by $14.1 billion to hit a significant $707 billion. This boost included a ...
15 Aug, 2026, 09.46 AM IST
Forex reserves up by $14.1 billion to $707 billionIndia's foreign exchange reserves saw a jump of over fourteen billion dollars. Foreign currency assets and gold reserves contributed substa...
14 Aug, 2026, 05.26 PM IST
Earnings growth to play larger role in determining portfolio returns than valuation re-rating: Nilesh ShahEarnings growth is likely to play a larger role in determining portfolio returns than valuation re-rating in the near term, as valuations o...
13 Aug, 2026, 05.51 PM IST
Man did not disclose UAE bank account and foreign shares in ITR, I-T dept imposed Rs 1.86 lakh penalty; He escalates the case but ITAT Delhi offers no reliefDubai connection: Man claimed friend sent money to Dubai Emirates NBD bank a/c to start business but didn't disclose foreign assets in Sche...
12 Aug, 2026, 11.03 AM IST
FCRA Amendment Bill 2026: No ban on foreign funding, says India’s envoy to US as he counters ‘myths’ with ‘facts’India's proposed Foreign Contribution Regulation Amendment Bill faces opposition and questions. Former foreign secretary Vinay Mohan Kwatra...
10 Aug, 2026, 07.01 PM IST