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Investing abroad? These 7 costly mistakes could trigger an income tax noticeWealthy Indians are investing more abroad. However, they must understand the rules to avoid trouble. Mistakes like misusing investment rout...- Residents tempted to gatecrash FCNR party for NRIsWealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...
- Forget the DOJ. For a Trump pardon, call "Bobby" and other influencersPresident Donald Trump's pardon system has shifted dramatically. Influence now hinges on personal networks and narratives of victimhood, by...
- Paying tax won't legitimise cash stashesThe taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...
- NCLAT quashes Ligare Aviation's insolvency; loan from Religare Enterprises round-tripping of moneyThe National Company Law Appellate Tribunal has cancelled insolvency proceedings against Ligare Aviation. The tribunal found the National C...
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITRIndian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...
- Rs 400 crore agricultural income but no land: CBDT digs up names of rich ‘farmers’ without farmsTax authorities have uncovered a major scam involving fake agricultural income claims. Over 300 individuals claimed exemptions worth thousa...
- Actor Celina Jaitly visits Maa Baglamukhi temple amid divorce battle, prays for reunion with children and brother, watch videoActress Celina Jaitly is navigating personal turmoil, including a legal battle involving her brother and a divorce from husband Peter Haag,...
- Got ESOPs, a foreign bank account, or savings abroad? Here's what the tax department expects from you
- Mismatch between Rahul Gandhi's income, foreign trips' expenses, says BJPThe BJP has turned the spotlight on Rahul Gandhi's extensive global travels, calling for transparency over the sources of funding for these...
- UFC 328 fight card, predictions, time, live streaming: When and where to watch Khamzat Chimaev vs Sean Strickland, other matches. Details hereUFC 328 time: UFC allowed both men to do the traditional ceremonial faceoff on Thursday evening before security pulled both off the stage a...
- ED probes alleged ESOP misuse to launder money, bypass LRS rulesThe Enforcement Directorate is now looking into employee stock options from foreign firms given to Indian workers. This move aims to uncove...
- Rs 30 lakh for MBBS: Doctor-led NEET racket busted in Delhi-NCR, chilling details of how cops rescued 18 aspirants from Ghaziabad flatDelhi Police busted a NEET scam, arresting four individuals, including a doctor, for allegedly extorting Rs 20-30 lakh from parents by prom...
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
- HC rejects Pawan Khera's anticipatory bail plea over allegations against Assam CM's wifeThe Gauhati High Court has rejected Congress leader Pawan Khera's anticipatory bail petition. This is in connection with allegations made a...
- Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concernsIndia’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...
- Undisclosed assets worth Rs 6,000 cr detected under foreign black money lawUnder the Act, a one-time compliance opportunity for a limited period was provided to those persons who have any foreign assets
- Undisclosed funds in someone else's account can be seized: HCThe I-T department had raided the premises of a city businessman and after following the money trail, seized unexplained funds lying in dif...
- Tax paid in black money scheme must be whiteA tax payer will get immunity under the scheme only in respect of unaccounted assets declared and not on the tax amount, which adds up to 4...
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