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RESIDENTIAL STATUS UNDER FEMA
When the state questions your citizenshipAn MEA official's statement that Indian passports aren't proof of citizenship, made during Passport Seva Divas, has sparked concern. Amidst...
FEMA rules revision: Exporters flag at least half-a-dozen worriesIndian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liq...
Housing sales in top 9 cities rise 19% in Q2 2026 as supply jumps 43%; Bengaluru leads demand: PropEquityIndia’s residential real estate market remained strong in Q2 2026, with housing sales across the top nine cities rising 19% year-on-year an...
Authorities issue notice to tenants in Gurugram's DLF Phases 1 to 5 to vacate by June 30Hundreds of tenants in Gurugram's DLF phases face eviction by June 30 as authorities crack down on illegal commercial use of residential pl...
SFIO to probe Rajesh Exports over SEBI's fraud allegationsAuthorities are intensifying scrutiny on Rajesh Exports. The Serious Fraud Investigation Office will probe the gold refining giant followin...
Rajesh Exports under ED lens after probe finds missing records and Rs 3,000 crore opaque transactionsThe Enforcement Directorate has uncovered significant suspected violations of the Foreign Exchange Management Act (FEMA) during searches at...
Rajesh Exports' troubles deepen with ED searches amid Rs 15 lakh crore revenue rowEnforcement Directorate officials conducted searches at Rajesh Exports' Bengaluru and Mumbai locations. This action follows scrutiny by mar...
Can me and my wife claim LTCG tax exemption on gains from residential property sold in 2025?ET Wealth Reader's Query: In 2025, I sold a residential property, which was purchased in 2008 in the joint names of my wife and I. However,...
Oman eases residency rules for foreign investors, expands family sponsorship eligibilityOman is boosting its appeal to foreign investors and property buyers with significant reforms to its residency laws. New "Owner Visas" simp...
Have a US 401(k)? Indians must report withdrawals and maturity details in ITR schedules FSI and FAIndian taxpayers with US 401(k) accounts must now report withdrawals and maturity details in ITR schedules FSI and FA. Failure to disclose ...
Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...
Regulatory minefield: ED enters the crypt, waking up the ghosts for Crypto IncIndia's crypto sector faces a new crisis as the Enforcement Directorate probes four firms for unauthorized foreign money transfers using di...
Luxury homes emerge as wealth play? Madhusudan Kela buys apartment at DLF’s The DahliasDLF has sold a residential apartment in its ultra-luxury project The Dahlias in Gurugram to Kela for Rs 120.71 crore, according to media re...
NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...
ED case against five Bengaluru-based entities for 'unauthorised' cross-border crypto transactionsThe Enforcement Directorate has initiated a FEMA probe into five companies located in Bengaluru for their alleged involvement in unauthoriz...
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
Paying rent but not receiving HRA? Here’s how non-salaried individuals can claim tax deductionSelf-employed individuals and salaried employees not receiving House Rent Allowance (HRA) can claim tax benefits for rent paid under Sectio...
ED to file money laundering case over ₹95 crore foreign funds routed to Maoist areasThe Enforcement Directorate will file a money laundering case. This probe will investigate foreign funds allegedly sent into Left-Wing Extr...
FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: EDA foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compo...