Recently, certain reports in media were doing rounds that the printing of Rs 2000 notes has been stopped. Citing sources, a report in ThePrint claimed that to lower the circulation printing of Rs 2000 banknotes has been stopped. However, it…
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Indian American Susheela Jayapal was sworn in as a Multnomah County commissioner on Thursday, January 3. Jayapal is the first Indian American to hold an elected county office in Oregon, she is a longtime leader of nonprofit and community groups,…
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As tax season approaches, you’re going to need to compile all the information about your finances that you possibly can. Your yearly income isn’t the only thing you’ll need. Capital gains are profits that an individual receives from an appreciation…
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Capital markets regulator Securities and Exchange Board of India (Sebi) in April introduced eligibility norms for foreign portfolio investors (FPIs) and new know-your-customer (KYC) rules. The norms inter-alia comprised of various additional disclosure requirements and casted an onerous compliance responsibility…
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My non-resident Indian (NRI) friends want to return to India after working for 20 years in the Middle East. They are enamoured by the good life their friends and relatives seem to be living in India. They have children who…
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Under the India income-tax law, if the seller qualifies as non-resident in India during the relevant financial year, the buyer is required to deduct TDS (tax deducted at source) at specified rate (plus applicable surcharge and health and education cess)…
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As 2018 comes to an end, a quick run-down of the main tax changes implemented during the year would help us in our tax planning and saving efforts. Most tax changes are usually proposed in the Budget (presented in February)…
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A recent court ruling may help some tax evaders go scot-free for concealing foreign income or assets. At the very least, the judgement passed by the Delhi High Court earlier this month is likely to make it difficult for the…
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After implementing path breaking Goods and Services Tax (GST), changing the cumbersome and archaic Income Tax Act is the next big agenda of Prime Minister Narendra Modi-led Union Government. While addressing the tax officials’ annual conference in September last year,…
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India’s Minister of State for External Affairs Gen. V.K. Singh launched the ‘Passport Seva Service’, a new initiative to streamline passport delivery services to Indian citizens living in the United States, with inaugurations in New York, Washington, D.C. and Atlanta,…
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