A look at what constitutes as Income on Indian soil and what is not from the viewpoint of the income tax department.
In another example of the growing focus on security in the telecom sector, the Foreign Investment Promotion Board has asked whether US-based Verizon Wireless operates in Pakistan, while deferring its proposal for transfer of equity shares.
Singh was among the many MPs who attended a breakfast meeting hosted by President Ram Nath Kovind on March 18 as well as a Parliamentary panel meeting on transport, tourism and culture attended by around 20 MPs on Wednesday. Trinamool Congress MP Derek O'Brien said in a tweet, 'This government is putting us all at risk. The PM says self-isolate yourself but Parliament is on.'
Non-Resident Indian billionaire Lakshmi Mittal has said he does not want a cricket team in the Indian Premier League, and was "glad" for not having bought one already, given the recent controversy shrouding the twenty-twenty format of the game.
The Reserve Bank is likely to continue buying dollars from market to add to its reserves in the coming months, which has crossed $300 billion, says a report.
Ramesh Chauhan's Bisleri comes out with a new brand of natural mineral water sourced from a spring in Uttarakhand to take on Tata Tea's Himalayan.
The new Income Tax return forms are much simpler in many respects.
The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime
DIAL has filed four cases in June 2012 against Mallya over KFA's cheques totalling Rs 7.5 crore not being honoured.
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
Non-Resident Gujaratis can claim formidable achievements in most fields.
Leading non-resident Indian entrepreneur Maneck Dalal, who has played a major role in promoting Indian art and culture in the UK, has been awarded the Asian Leadership Award for his contribution towards heritage.
Gold only beats inflation. It fares poorly when compared to real estate or shares when compared on the basis of real inflation adjusted returns. Any serious investor, however, is advised to have a certain percentage of investment in gold to hedge inflation.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
Indian agencies have been engaged in countering Pakistani cyber-attacks on social media platforms for a very long time. But just like the fight against the coronavirus, only through the active participation of ordinary citizens that this war on fake news can be won, suggets Colonel S Dinny (retd).
Welcome to the world of Desi Adda, Sony India's latest brainchild to attract gamers with six made-in-India games.
Even as global investors were pulling out their money from India, Non-Resident Indians (NRIs) deposited $1 billion in bank deposits (net of withdrawals) during the three month period of October-December 2008. There was a net outflow of $0.9 billion in the same period a year ago, according to the Economic Survey.
Amrita Chowdhury, Newly Returned Indian, discusses her debut novel, .
Over 15,000 NRI resumes have accumulated in the inboxes of headhunters, and the number is set to increase, say HR executives.
Reduced hiring in the US market due to the lingering impact of the global financial crisis has resulted in a spike in the number of non-resident Indian resumes received by Indian human resources (HR) companies. Over 15,000 NRI resumes have accumulated in the inboxes of headhunters, and the number is set to increase, say HR executives.
In a pre-Budget memorandum to finance minister Pranab Mukherjee, the IndusInd International Federation said selective benefits may be offered to NRIs enabling them to make India the hub for their global activities.
NRIs cannot claim tax benefits on home loans in India as they have to pay tax in the nation where they work and earn. However, they need to file tax returns to become eligible for home loans. But if they pay tax in India for income earned in India, they can claim tax rebate for the home loan.
Deputy leader of the opposition in Parliament Gopinath Munde told rediff.com he would seek the help of Right to Information Act to find out who was responsible for according the Padma Bhushan Award to non resident Indian hotelier Sant Singh Chatwal.
After foreign institutional investors lapped up realty stocks in the recently concluded equity placements by property majors, India-focused private equity players and Non-Resident Indians are loosening their purse strings in the real estate space.
New TDS-related law comes into force from April 1.
After the Satyam scam, the role of chartered accountants has come into focus again. This time the Income Tax Department has found that CAs have given false certificates, enabling Non-Resident Indians and foreign nationals to evade taxes in India.
Inaugurating the eighth edition of the Pravasi Bharatiya Diwas, Dr Singh said: "I recognise the legitimate desire of Indians living abroad to exercise their franchise and to have a say in who governs India. We are working on this issue and I sincerely hope that they will get a chance to vote by the time of the next regular general elections."
However, being Indians we still feel the need to stay connected to the place of our birth and therefore, we try to make investments in India through different avenues. Let's take a look at how Non-Resident Indians (NRIs) can make investments in India.
It has rejected a proposal by Subash Chandra-promoted Wire and Wireless India, which has sought permission to issue partly paid-up equity shares, pursuant to its rights issue. WWIL is in the cable network business. The shares were to be issued to non-residents, which also included FIIs, venture capital funds, multilateral and bilateral development financial institutions, and eligible NRIs for cash aggregating up to Rs 450 crore (Rs 4.5 billion).
Indians living abroad are equally eligible for housing loans from banks here but with some riders.
Rashmi Sinha, Indian-born CEO of American company SlideShare, has been named by Playboy magazine as one of America's '10 Sexiest CEOs'.
The huge pressure on the currency market largely went unnoticed because of the demonetisation exercise.
Soma Textiles & Industries Ltd will seek holders nod for purchase of the companys equity shares non-resident Indian, overseas corporate bodies and foreign institutional investors.
Participating in the 150-minute long debate on Thursday, Chairman of the UK-India Business Council Lord Karan Bilimoria congratulated Lord Paul on his appointment as the Deputy Speaker of the House and said that Non-Resident Immigrants in Britain were now reaching the top positions in every field.
In a controversial turn to the election to a top Commonwealth parliamentary post involving high-profile Labour peer Swraj Paul and a Malaysian minister, the British delegation on Thursday alleged that India and the host country were involved in "shocking deals".
A bench of justices Tarun Chatterji, R M Lodha and B S Chauhan ruled that if Vijaysree fails to comply with the direction, the husband would be entitled to the custody of the child after the 15-day period and can take him to the US on his own
A look at what constitutes Income on Indian soil and what is not from the perspective of the income tax department. The income tax department defines certain incomes as Accruing or Arising in India. This is the basis of calculating your income and income tax. Let's get to know a bit more. . .
The increase in joining age will provide the options to the subscribers who are at the fag-end of the employment
Real estate majors, who had lined up projects in Punjab to woo non-resident Indians, have put on hold their plans indefinitely with most NRIs no longer keen to invest in these properties.
