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Tax Havens And Banks

Freelancers Can Use These Expenses To Avail Tax Deductions

Even when you are a freelancer, you are liable to pay taxes, as per income tax laws. Here’s a guide to understanding the expenses that are tax deductible from your income

03 March 2022

EXPLAINER: How Global Deal Stems Corporate Use Of Tax Havens

The sweeping agreement was struck Friday among 136 countries after talks overseen by the Organization for Economic Cooperation and Development.


Seven Of Top-10 Firms Add Rs 75,845 Crore Market Valuation; HDFC Twins Top Gainers

While Reliance Industries Limited (RIL), Hindustan Unilever Limited and Bharti Airtel saw erosion in their market valuation.


Indian Banks Reclaimed Rs.13,100 Crores From Assets Sale of Fugitives

Responding to various issues, including price rise, raised by the Opposition during the debate, the Finance minister said the government is taking measures to cool down prices of edible oil and other essential commodities.

20 December 2021

'Pandora Papers' Reveal London Key Destination For World's Elite To Conceal Their Cash

The leaked financial data, dubbed the 'Pandora Papers', was published Sunday by the International Consortium of Investigative Journalists and its media partners, including Britain's Guardian newspaper and the BBC.


Tax Evaders Beware! No Escape By Just Paying Penalty From Today

A person or entity would not be able to settle a case of tax evasion by just paying the tax demand, penalty and interest as per the new guidelines that kick in from June 17, 2019 and apply to all cases for compounding...

17 June 2019

India Gets Third List Of Its Nationals Having Swiss Bank Account

This was the third such exchange between the Swiss body and India under the framework of the global standard on the automatic exchange of information (AEOI).

11 October 2021

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11 Indians Get Notices As Switzerland Steps Up Process To Share Banking Info

Switzerland has begun sharing details for the last few years with several countries including India after submission of evidence about financial and tax-related wrongdoings of the clients of Swiss banks.

27 May 2019

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03 May 2019
SBI Customer? Your Credit And Debit Card Might Not Work After December 31, Here's Why

SBI Customer? Your Credit And Debit Card Might Not Work After December 31, Here's Why

The Reserve Bank had instructed to replace magnetic strip cards with EMV cards in 2015 due to widespread fraud.


26 December 2018
Second Time In A Week, 10 Lakh Bank Employees Go On Nationwide Strike

Second Time In A Week, 10 Lakh Bank Employees Go On Nationwide Strike

This is the second time in a week when bank employees have called for a nationwide strike.


18 December 2018
Cabinet Gives Nod To Make Aadhaar Voluntary For Mobile Numbers, Bank Accounts

Cabinet Gives Nod To Make Aadhaar Voluntary For Mobile Numbers, Bank Accounts

The proposed amendment allows banks and phone companies to seed Aadhaar number with bank accounts and mobile phone numbers.


23 November 2018
A Swiss Maze Of Tax Escape

A Swiss Maze Of Tax Escape

In Mumbai, the tax tribunal rules ‘discretionary beneficiaries’ of Swiss bank accounts can go tax free


18 October 2018
Biggest Tax Fraud In European History Drains 55 Billion Euros From Banks: Report

Biggest Tax Fraud In European History Drains 55 Billion Euros From Banks: Report

European banks drain 55 billion euros from national treasuries due to a massive years-long tax scam.


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01 September 2018
PM Modi Launches India’s Largest Payments Bank, Here's All You Need To Know

PM Modi Launches India’s Largest Payments Bank, Here's All You Need To Know

It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.


07 August 2018
Govt Withdraws FRDI Bill From Lok Sabha A Year After It Was Introduced

Govt Withdraws FRDI Bill From Lok Sabha A Year After It Was Introduced

The stakeholders, including the public, have raised apprehensions relating to the provisions of the FRDI Bill like the use of bail-in instrument to resolve a...


05 August 2018
President Gives Nod To Bill To Deter Fugitive Economic Offenders From Fleeing Country

President Gives Nod To Bill To Deter Fugitive Economic Offenders From Fleeing Country

The new legislation will prevent big economic offenders like Vijay Mallya and Nirav Modi from fleeing the country and evading the law.


06 July 2018
Bank Of India's Retired GM, DGM Arrested By CBI In Rs 2654-Crore Fraud Case

Bank Of India's Retired GM, DGM Arrested By CBI In Rs 2654-Crore Fraud Case

The promoters of the company were arrested in April this year.


06 July 2018
Banks Recover Rs 963 Crore From Auction Of Mallya's Assets After UK Court Gives Nod To Seize Properties

Banks Recover Rs 963 Crore From Auction Of Mallya's Assets After UK Court Gives Nod To Seize Properties

Recently, a UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by the...



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27 May 2018
Had Supported Demonetisation, But People Didn't Benefit Enough From It, Says Bihar CM Nitish Kumar

Had Supported Demonetisation, But People Didn't Benefit Enough From It, Says Bihar CM Nitish Kumar

"Because of the role played by banks, people could not be benefited to the extent they should have. People deposited huge amounts in scrapped currency and the...



19 April 2018
Public Sector Banks, With Growing NPAs, Are Also Among Leading Govt Bodies In Rejecting RTI Pleas

Public Sector Banks, With Growing NPAs, Are Also Among Leading Govt Bodies In Rejecting RTI Pleas

The CIC data shows that the State Bank of Hyderabad (now part of SBI) rejected a record 71 per cent of the RTI pleas it received in 2016-17 and the Oriental...


17 April 2018
Why Are ATMs Running Dry Again, A Year And Half After Demonetization?

Why Are ATMs Running Dry Again, A Year And Half After Demonetization?

The shortage of currency has spread to states like Maharashtra, Bihar and Gujarat, despite the currency in circulation crossing the pre-demonetisation level.


13 April 2018
New Banks Board Bureau Member’s Last Job Was With Rajiv Kochhar’s Advisory, Which Is Under CBI Scanner

New Banks Board Bureau Member’s Last Job Was With Rajiv Kochhar’s Advisory, Which Is Under CBI Scanner

P Pradeep Kumar confirmed that he worked with Kochhar's Avista Adivisory till earlier this week.


09 April 2018
Maximum Corruption Complaints Received Against Railways, Banks: CVC Report

Maximum Corruption Complaints Received Against Railways, Banks: CVC Report

In its annual report for 2017 tabled in Parliament recently, the watchdog said it received a total of 23,609 complaints last year -- the lowest since 2011 --...


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