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RUTVIK SANGHVI
US death tax trap: Uncle Sam's wealth puzzle leaves rich Indians worried for their kidsRich Indian families are racing to shield booming US stock portfolios from America’s 40% inheritance tax, but face complex FEMA and LRS hur...- India eases FDI rules: PN-3 tweak allows ESOPs, trades for NRIs in China, Nepal and Hong KongIndian companies can now offer stock options to employees in China, Nepal, and Hong Kong. Non-resident Indians and expats in these regions ...
- Banks wary of family trusts' large 'gifts' to NRI membersBanks are increasingly blocking fund transfers from family trusts to non-resident beneficiaries, suspecting attempts to bypass RBI's gift l...
- Stricter regulatory stance: Now, Esops get the Press Note 3 treatmentThe Reserve Bank of India demands government approval for offering Esops to employees in countries sharing a land border with India, per Pr...
- 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...
- HNI investors in offshore ‘blank cheque’ companies receive income tax noticesMany resident Indians who bought SPAC shares haven’t disclosed such investments in ITRs. SPACs are established solely to raise capital thro...
- RBI to meet banks to examine grey areas in overseas investment rulesCan a resident individual subscribe to an 'unregulated' fund in Singapore? Can a local startup buy into a fintech firm abroad? Is a high-ne...
- Taxpayers slapped with unexpected notices for old tax demandsTaxpayers in India are receiving notices from the Income Tax department for old tax demands, some dating back more than 15 years, that have...
- Significant valuation markdown coming for Byju’s, Peak XV tells LPs; Myntra rejig to lay off 50Hello, happy hump day, but maybe not for Byju’s. Peak XV Partners, formerly Sequoia India, has told its investors that it will have to sign...
- Traders in dilemma over disclosing cryptocurrency as foreign assetOver the past two years as more and more banks in India blocked payments for crypto deals, many traders shifted their coins in wallets of f...
- NRIs get income tax department's queries on investmentsA significant number of non-resident Indians (NRIs), including those in the UAE, have received notices under sections 148/148A from the inc...
- New remittance rules put wealthy Indians in a fixThe new rule restrains them from keeping money beyond six months in offshore bank accounts. The rule requires them to 'invest' the unused m...
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