India's rupee woes seem to have worked in favour of non-resident Indians (NRIs). Last week, the Reserve Bank of India increased the cap on foreign currency non-resident (FCNR) and non-resident external (NRE) interest rates.
The Mainichi newspaper earlier reported that the government was planning to ban overseas spectators due to worries they would spread the coronavirus, citing multiple unnamed sources.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Japan has been less severely hit by the coronavirus pandemic than many other advanced economies, but a recent surge in cases spurred it to close its borders to non-resident foreigners and declare a state of emergency in Tokyo and major cities.
One cannot open a savings bank account, have a fixed deposit or a public provident fund.
The Modi government finally dropped its big Kashmir bomb on Monday, with Home Minister Amit Shah moving to revoke two key constitutional provisions -- Article 370 and Article 35(A) -- that give Jammu and Kashmir a host of special rights. With the situation now on a knife's edge, here is what the momentous decision would mean for Jammu and Kashmir and for the country in general.
The regulator typically meets overseas investors in the US and UK in the first half of a financial year, and had opted for a virtual meet last year too.
The group has called for a retaliatory tariff action against India, if New Delhi does not roll back the 'unilateral and discriminatory' equalisation levy or Google Tax.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
There has been a decline in foreign direct inflow from China in the last three years, with FDI coming down to USD 163.77 million in 2019-20, Minister of State for Finance Anurag Singh Thakur informed the Lok Sabha on Monday. Giving details of the total foreign direct investment (FDI) inflow from Chinese companies in India, he said, it was USD 350.22 million in 2017-18, while it declined to USD 229 million in the following year.
Rejecting news reports, a Commission spokesperson said no such facility has been extended.
In this Budget, too, there were a number of measures aimed at plugging tax leakages and ensuring greater compliance, says Sanjay Kumar Singh.
The government on Monday clarified that transactions involving royalty/ technical services fee would be taxable under income-tax and not be liable for equalisation levy that is paid by foreign companies for conducting business with Indian parties, while explaining what would construe online sale of goods or services.
Chit funds can accept subscription from NRIs on non-repatriation basis
Government and private bus transport services, now allowed within districts barring Chennai, its nearby areas and Madurai would cease to be operational from July 1 to 15, the government said.
Touted as the world's largest cricket stadium in terms of seating capacity, the Sardar Vallabhbhai Patel Stadium (also known as Motera stadium) is being readied to host United States President Donald Trump and Prime Minister Narendra Modi. Take a look at the venue which is likely to host the 'Namaste Trump' event.
Japan government says no truth to report of possible Olympics cancellation.
A recent pre-election survey suggests that AAP may win 53 seats in the 117-member Punjab assembly and reduce the Congress to just 43.
Besides low interest rates, a reduction in active Covid cases and strong high-frequency macro data have lifted the sentiment of both corporate India and the stock markets.
Sources said about hundreds of companies, including Facebook and Amazon, could seek tax refund because they import software for sale in India.
The increase has been mainly on account of higher FII inflows, deposits by non-residents and short-term credits.
Cases with the Omicron variant have already been detected in Karnataka and Gujarat.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
China has consistently spent more than 2% of GDP on R&D while India's expenditure on R&D has stagnated around 0.7% of GDP. Can our government shore up resources so that we hit the R&D expenditure target of 2% of GDP set out by the Science, Technology and Innovation Policy of 2013, asks Chidambaran G Iyer, Senior Fellow, Pahle India Foundation.
The black money law provides for tax and a penalty of 120 per cent of assets' value.
West Bengal Chief Minister Mamata Banerjee on Thursday accused Governor Jagdeep Dhankhar of repeatedly interfering in the functioning of the state administration, and asked him to judge who has "crossed the limit of constitutional dharma and decency" between the two constitutional functionaries.
In simple terms, it refers to a deduction allowed in income tax, irrespective of expenses incurred or investment made by assessees.
The rise could be attributed mainly to increase in commercial borrowings, short-term debt, and non-resident Indian deposits.
A N Shanbhag, investment guru, and his son Sandeep Shanbhag, answer questions on NRI investment.
Patna-resident Gaurav Rai has helped save the lives of over 1,100 patients in home isolation in the state capital and other parts of Bihar so far by providing oxygen cylinders free of cost.
The bonds were available for seven years. Since these were not traded in the secondary market, redemption took place at maturity.
The key is to act and not wait and watch before the limited window of opportunity shuts, argues Shanthie Mariet D'Souza.
US President Donald Trump does not have plans to immediately concede the election to Joe Biden after his Democratic rival pulled ahead in key states that could deliver him enough electoral votes to win the race for the White House, a senior aide of the president was quoted as saying by a media report on Friday.
Addressing the 10th Pravasi Bharatiya Divas in Jaipur, Prime Minister Manmohan Singh said that Non-Resident Indians would be allowed to vote and participate in the election process.
Exemption limits, standard deduction on radar.
India's current account surplus moderated to $15.5 billion or 2.4 per cent of the GDP in the July-September quarter of the current fiscal, the RBI said on Wednesday. The same was at $19.2 billion or 3.8 per cent of the GDP in the preceding three-month period on account of a rise in the merchandise trade deficit, the RBI said in a statement on 'Developments in India's Balance of Payments during the Second Quarter (July-September) of 2020-21'. It is for the third consecutive quarter that India's current account remained in surplus. In the last quarter of 2019-20, the surplus was $0.6 billion. Current account deficit/surplus reflects the difference between the outflow and inflow of foreign exchange in a country's current account.
For the 40 young non-resident Indians, who participated in the Pravasi Bharatiya Divas in Jaipur, their visit to the country has been a bitter-sweet one. They were floored by the vibrant culture and impressed by e-governance projects, but disturbed by corruption and other scams plaguing India, says Priyanka
'It is not only the hero who displays guts and cleverness but the villain can also have these traits.'
he news reports of the response that Tejaswi has been generating at his election rallies must definitely put a smile on his father's face, observes Asmita Bihari.
Torrent Pharmaceuticals' Rs 3,000 crore proposal for increasing FII investment limit to 35 per cent was the biggest in terms of value
