Resident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...

There is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...

A woman successfully challenged the Income Tax Department's addition of Rs 10.80 lakh as unexplained cash. The ITAT Chennai ruled in her fa...

An NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...

India's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...

The Supreme Court has ruled that tax authorities can retroactively apply the benami law to confiscate assets from transactions predating 20...

Penalty on cash transactions: Recently in a brochure the Income Tax Department has said that taxpayers should avoid using cash for their da...

Many people are inquiring from jewellers about buying gold from the withdrawn Rs 2000 banknote. However, not many people are aware of how m...

Loans from certain institutions such as banks, government departments, and Post Offices are exempted, but cash transactions with other enti...

Here is a look at six changes that will come into effect from January 1, 2022.

The move to curb cash transactions above a threshold is aimed at curbing black money and promoting digital economy.

The department said, “accepting Rs 2 lakh or more in aggregate from a single person in a day for one or more transactions relating to one e...

I-T dept also advised people having knowledge of such dealings to tip-off the tax department by sending an email to 'blackmoneyinfo@incomet...

Hasmukh Adhia said the penalty for doing cash transaction will be steep and the receiver will have to pay an amount equivalent to the cash ...

To achieve the mission of a less cash economy, and reduce the generation and circulation of black money, the government has proposed this m...

RBI has imposed penalty of upto Rs 5 lakh on two Gujarat-based co-operative sector lenders -- Mehsana Urban Co-operative Bank Ltd and Jamna...

Circulars issued by commodity exchanges — Mumbai-based MCX and NCDEX and Ahmedabad-based NMCE — that warn members of punitive action for ca...