Category : Search result: foreign assets jurisdiction


Forex reserves fall $980 million to $686.80 billion

India's foreign exchange reserves declined by $980 million to $686.80 billion for the week ending May 17, as per RBI data. Explore the key factors behind this drop and its economic implications.

ADR Report: Gujarat MPs' Wealth Soars Over Decade

A new ADR analysis shows re-elected MPs' assets grew by an average of Rs 17.36 crore. Gujarat's Poonam Madam's wealth rose 747%, the second-highest nationally. Explore the full findings.

UP Cabinet Clears Rules for GCC Policy 2024

Uttar Pradesh cabinet approves implementation rules for GCC Policy-2024, designates Invest UP as nodal agency. Policy offers subsidies to attract global capability centres, aiming to create jobs.

Saudi Arabia Removes All Restrictions for Foreign Investors

Saudi Arabia eliminates Qualified Foreign Investor rules, opening its $2.3 trillion stock market to all global investors from February 1. This major reform aims to boost inflows and revive the Tadawul index after a 13% slump.

How to Declare US RSUs in Your Income Tax Return

Chartered accountant Mahesh Nayak received a tax notice for undisclosed foreign assets. Learn how to correctly declare US RSUs in your ITR, including cost vs. current value and filing a revised return.

India's Forex Reserves Surge to $693.32 Billion

India's foreign exchange reserves rose sharply by $4.368 billion to $693.318 billion in the week ended December 19, as per RBI data. Gold reserves saw a strong gain. Read the full analysis.

Disclose Foreign Assets in Revised ITR by Dec 31

Indian taxpayers can still disclose foreign income & assets by filing a revised ITR before December 31. Learn about Schedule FA, FSI, and how to avoid heavy penalties under the Black Money Act.

IT Dept Asks MNCs to Alert Staff on Foreign Assets

Income Tax department contacts multinationals, urging them to warn India-based employees to disclose foreign income & assets by year-end or face ₹10 lakh penalty under Black Money Act.

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