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PENALTY FOR CASH PAYMENTS
Need Rs 1 lakh urgently? Think again before withdrawing it from your retirement fund as it could cost you Rs 30 lakh laterRetirement planning: Dipping into your retirement corpus for urgent needs can be a costly mistake, potentially costing you lakhs by retirem...- How global scammers use US tech to fleece peopleIndian scammer Safeer Koorimannil reveals how AI from American tech giants fuels global fraud rings in Myanmar. Trafficked to a scam center...
- Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...
- Balance sheet trick: Decoding another manipulation, and how to spot a bad apple in your portfolio before othersThere is one line in the accounts that most investors skip because it looks routine. But behind that line can sit disputed demands, old los...
- The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...
- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn 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...
- The rupee warning: Six actions for business leadersThe Indian rupee is dipping to historic lows, approaching the 100-dollar threshold. Driven by market sentiment and a perilous cycle of fore...
- India’s invisible workforce gets a new safety net: Key labour reforms for migrant employees decodedIndia's inter-state migrant workers gain significant protections under new labour code rules notified on May 8, 2026. The Occupational Safe...
- Credit at the tap: The opportunities and risks of India’s digital lending boomIndia's digital lending is rapidly transforming credit access, with mobile apps now disbursing significant loan volumes, especially to youn...
- RSU vs ESOP: Which is better for you as employee? Pros and cons explainedFrom vesting-day perquisite taxes to a 40% US estate levy that most Indian professionals never see coming, your employer’s stock is not the...
- How new online gaming rules will change your income tax and legal exposure depending on the kind of game you playAn online game is any game played on a phone, laptop, or digital device, operated through software using the internet or any form of electr...
- Don’t make this tax mistake: Key quarterly deadlines that could save you moneyMissing quarterly tax deadlines can cost you extra money in penalties and interest. People who earn on their own or expect to owe taxes mus...
- Airport operators urge MoCA for urgent relief amid 25% cut charges to compensate revenue lossAirport operators are requesting urgent government support. A 25 percent cut in landing and parking fees for domestic flights has impacted ...
- Social Security earnings penalty 2026: how can workers avoid benefit reduction and legally maximize income while working?Social Security earnings penalty in 2026 starts at $24,480 for early retirees. Cross this limit and benefits get reduced fast. Many America...
- More cash each month! Social Security Administration revamp could mean bigger checks soon – here's what retirees must knowSocial Security calculation change 2026 boosts monthly checks: More money is finally reaching retirees. The Social Security calculation cha...
- The $1,250 tax mistake you can’t afford to make this month - check before you fileMissing the tax deadline can lead to extra costs. Late filing penalties grow every month and can reach a high amount. Late payment charges ...
- New payment law shocks retailers: No more surcharges or turning away shoppers at checkoutNew York has started a new law to protect people who pay with cash. The rule comes during a penny shortage and changes how stores round pri...
- Paid over Rs 2 lakh in cash? You could face Income Tax trouble; check rules for gold, property and other transactions limits
- Income Tax Department warns against cash dealings above Rs 2 lakhThe 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...
- Hard cash being disclosed under PMGKY must exist on payment dateIf hard cash is being disclosed under PMGKY, its existence is necessary on the date of making payment of tax, surcharge and penalty under P...
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