Non-resident gets tax relief on overseas income [ad_1] Mumbai: The Income Tax Appellate Tribunal (ITAT) has come to the rescue of a salaried individual who was deputed to work outside India, by holding that the salary income (which includes allowances) of a ‘non-resident’ for services rendered overseas cannot be taxed in India. In this case, which was heard by the ...

ICICI Bank branch manager duped depositors of crores for years to meet targets [ad_1] An ICICI Bank branch manager and his aides managed to meet their business performance targets for years by withdrawing money out of the bank accounts of unsuspecting account holders of the branch. They withdrew this money to create an illusion of opening new FD, current and ...

Overnight index swap rates hint at late start to rate cuts: Traders India’s OIS market has seen ‘paying pressure’, with the impact being amplified amid unwinding of an earlier ‘received position’ by a large private bank, according to traders

Paytm crisis: Non-bank lenders explore options for loan disbursal While non-bank lenders have not terminated their contracts with Paytm, sources said that they have no visibility as to when they might be able to resume lending through the Paytm app

Pay Rs 15 lakh in death claim, consumer forum tells insurance company [ad_1] A consumer forum situated in Narmada district, Gujarat, has directed an insurance company to compensate the family of a man who passed away in a road accident with a sum of Rs 15 lakh. The firm’s contention regarding the expiration of the victim’s vehicle registration was dismissed ...

SC issues notice to central govt on GST anti-profiteering provisions Petitioner appeals against Delhi HC order upholding provisions; more companies may approach apex court

Liquid funds are back in favour in 2024: Should you invest? Liquid funds recorded the highest net inflows of Rs 49,468 crore, followed by Money Market funds that saw net inflows of Rs 10,651 crore and Overnight funds with a net inflow of Rs 8,995 for January

NRI home buyer gets a relief from paying income tax on imposed income of Rs 40.45 lakh, due to delayed registry [ad_1] The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has spared a non-resident Indian (NRI) from paying any tax in a case dealing with underpayment of stamp value related to the purchase of a flat in Mumbai, where ...

Dollar eases as market shrugs off rise in US monthly consumer prices The dollar index fell 0.07% to 104.04, while the euro was up 0.08% to $1.0785

Reliance Home Finance surrenders certificate of registration to the NHB There are other nine non-banking finance companies which surrendered the Certificate of Registration (CoR), the RBI said