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OVERSEAS PROPERTY OWNERSHIP
Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...- DLI-backed chip companies call for government procurement supportIndian semiconductor startups are urging the government for stronger market access and intellectual property protection. They highlight the...
- Delhi hotel fire: Probe narrows focus on blocked roof exit, heaters, norm violations and ownership tangleDelhi Police are investigating a devastating hotel fire in Malviya Nagar. Key findings include a blocked roof exit and cooking heaters in g...
- Joint vs mutual Will: What Indian couples should know before planning the succession of their estateJoint and mutual Wills, while legally recognized in India, present significant complexities and potential for disputes. Experts highlight t...
- Corporate India gets a call of duty and it's raring to goIn a dynamic shift, India's defence industry is witnessing a groundbreaking transformation where private corporations are spearheading pivo...
- Desi chip companies fear MNCs will dip into their DLI 2.0 treatIndia is planning the second phase of its semiconductor incentive scheme, DLI 2.0. Concerns are rising among domestic startups that allowin...
- Have assets in the USA or UK? Why an Indian Will alone may not protect your heirsIndian families with assets in the USA and UK need robust succession plans. A single Indian Will may not suffice for overseas properties. E...
- ED attaches Rs 700 cr assets linked to late gangster Iqbal Mirchi, kinThe Enforcement Directorate has seized assets valued at over Rs 700 crore. This action targets properties linked to the late gangster Iqbal...
- 20-30 percent increase in IPL media rights won't be surprising: Punjab Kings co-owner Mohit BurmanAs IPL franchise valuations skyrocket, they are aligning with the elite global sports leagues, signaling a promising shift in the landscape...
- Gen Z conspiracy: China thinks the West is pushing its youth to quitIn a cultural shift, many young Chinese individuals are opting for 'lying flat'—a lifestyle choice that rejects pressures of constant work ...
- 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...
- New income-tax act takes effect todayNew tax rules and budget changes begin April 1. Higher taxes on speculative stock trades will curb risky bets. Lower taxes on overseas trav...
- Overseas property? Mind the paper trailFresh international regulations will monitor foreign property ownership and income streams. Tax agencies will have enhanced insight into re...
- 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...
- Rich Indians are now buying overseas properties in their children's namesWealthy Indians are using the RBI's Liberalised Remittance Scheme to buy overseas properties in their children's names. The scheme allows r...
- Taxman target indirect investments in overseas companiesExplanations have been sought from some high-profile people on non-disclosure of indirect investments abroad.
- Country Club to invest Rs 100 cr in four new propertiesHospitality chain Country Club India Ltd plans to invest around Rs 100 crore this fiscal on its latest venture -- Country Club Grand Fracti...
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