India-based investors can remit up to $250,000 a year under the LRS, but TCS generally starts on most overseas investment remittances above ₹10 lakh from 1 April 2025. Investors in India buying US stocks need to track two separate limits…
A Delhi cook cleared of a ₹4 crore tax demand after alleged business sales were linked to his PAN highlights the risks of unchecked identity theft and the need to monitor tax records. A Delhi cook who said he earned…
Indian customs officials are examining whether bulk Scotch shipments imported by Pernod Ricard and Diageo were correctly classified for a reduced duty under the new India-UK trade agreement. Indian tax officials are examining whether some bulk Scotch whisky imports by…
Tax notices seeking surcharge on dividend and interest income have unsettled Category III AIFs in GIFT City, with specialists attributing the demands to possible system errors. Some Category III alternative investment funds in GIFT City have received income tax notices…
A ₹5 lakh deposit in the Post Office Monthly Income Scheme could provide about ₹3,083 a month at the current 7.4% rate, while returning the original capital at maturity. For savers who value certainty over market swings, the Post Office…
Foreign institutional investors and the Bank for International Settlements must provide detailed investor and transaction data to claim exemptions on interest and capital gains under India’s new income-tax framework. The Central Board of Direct Taxes has set out a new…
New TRAI rules will require operators to offer 30-day prepaid plans and voice-and-SMS-only options, potentially cutting customers’ annual recharges from 13 to 12. India’s telecom regulator has moved to curb one of the most persistent irritants for prepaid mobile users:…
The Employees’ State Insurance Corporation has revised funeral expenses for insured workers’ families to ₹20,000, effective retrospectively from 8 May 2026. The Employees’ State Insurance Corporation has fixed funeral expenses at ₹20,000 under Section 32(1)(f) of the Code on Social…
India’s new Form 141 consolidates several TDS reporting requirements for property buyers, tenants and other specified transactions, cutting paperwork while retaining existing withholding obligations. India’s tax department has tried to simplify compliance for homebuyers and tenants who must deduct tax…
The proposed threshold would close low-value pending cases and exclude interest, penalties and late fees from the calculation, but legal amendments are still required. The Goods and Services Tax Council has recommended that no show-cause notice be issued when the…
The exemption from financial year 2026-27 is designed to attract domestic and foreign investors as the BRICS-backed lender seeks to raise ₹25,000 crore through rupee bonds. The Indian government has removed tax deduction at source on interest payments from Maharajah…
IDBI Bank’s mixed profit figures should not be read as a simple sign of danger for fixed-deposit holders, but savers need to understand that DICGC protection covers only up to ₹5 lakh per depositor per bank, including interest. A single…
