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TAX IMPLICATIONS
ET Alpha Wealth Summit 2.0: ‘It’s Active and Passive, Not Active or Passive,’ says Anand Vardarajan, Tata Mutual FundTata Asset Management MD Anand Vardarajan says investors should combine active and passive strategies rather than treat them as rivals. He ...
Bengaluru techie earning Rs 90 lakh gets a nearly Rs 3 crore offer from US, estimates Rs 70 lakh savings per year, still confused seeks adviceA 36-year-old tech professional’s possible move to the US has sparked a debate over whether higher nominal pay would translate into a bette...
RBI rate hike will not stem outflows, leaving central bank in a bindIndia’s first RBI rate hike in four years may not stop record capital outflows or ease pressure on the rupee, which has fallen 7% this year...
Electricity subsidy for existing businesses is taxable, Supreme Court rulesThe Supreme Court recently ruled that electricity subsidies granted under the Income Tax Act are subject to taxation as revenue receipts. T...
US Market: Treasury bill yields rise as money-fund demand weakensSlower inflows into U.S. money-market funds are weakening demand for Treasury bills, pushing bill yields above short-term rate benchmarks. ...
Do you have to pay tax in India or abroad? Why your residential status is important factorIndividuals earning income abroad must understand their tax residency status according to the Income Tax Act. The Act outlines conditions b...
Dubai NRI bought Rs 2.31 crore property, didn’t file ITR, got income tax notice; she fights back and wins in ITAT on these groundsMrs Chudamasa’s counsel argued that the AO had erred in treating Rs 2,31,20,000 as investment made during financial year 2017-18. He submit...
View: India-China thaw faces major economic testsIndia and China are working to improve their diplomatic relations following past military tensions over border disputes. Recent measures in...
Wall Street’s $10 billion India hospital bet sparks a fight over billsWall Street has poured about $10 billion into Indian hospital chains over the past five years, with investors including Blackstone, KKR, TP...
Irish company tax ruling offers capital gains relief hope to foreign investorsIn a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect t...
Tata Trusts vice chairman Vijay Singh flags SDTT 'meddling' in Tata SonsTata Trusts vice chairman Vijay Singh has approached the Maharashtra Charity Commissioner seeking an immediate inquiry into the administrat...
NRE vs NRO FD TDS rules: Tax rate for NRIs, PAN rules, DTAA benefit and repatriation limitWhen it comes to Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits, understanding their distinct tax implications ...
My NRI status changed. Will interest earned on my NRE FDs be taxable in India?ET Wealth reader's query: I was an NRI until FY2024–25. After relocating to India, my residential status changed to ‘resident’ from FY2025–...
Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
Tata companies face a tough call on Chandra vote at AGMTata Group companies are preparing for the upcoming AGM concerning N Chandrasekaran's reappointment as a director. These companies, includi...
Niti Aayog to review export SOPs amid evolving global trade orderIndia plans to evaluate the effectiveness of two export support schemes amidst changing trade dynamics. These schemes, RoSCTL and RoDTEP, h...
India’s new wealth creators: Why diversification is changing investment strategiesIndia’s new wealth creators are looking beyond traditional investments, exploring alternatives, global markets, and more diversified portfo...
My sister gifted me Rs 37 lakh from land sale. Will she have to pay income tax?ET Wealth Reader's Query: My sister and I received Rs 37 lakh each from the sale of agricultural land in our native place. She has gifted h...
Can NRIs save income tax by gifting shares to their resident parents? Know these tax rules before transferring sharesWhile giving shares to your parents who reside in your home country might appear as a thoughtful gesture, it has substantial tax considerat...