This article explains why ELSS redemption gains are taxable despite offering tax deductions at the time of investment. It highlights how the Rs. 1.25 lakh LTCG exemption reduces the actual tax liability.
The Supreme Court upheld the GST framework governing betting, gambling, casinos, lotteries, and online money gaming. The key takeaway is that specified actionable claims have been taxable since the inception of GST, with the 2023 amendments being clarificatory.
This article explains why a Wyoming LLC may suit some Indian entrepreneurs but is not a universal solution. The key takeaway is that business goals, tax implications, and long-term plans should drive the decision.
The Third Amendment Directions provide CRR and SLR exemption for eligible fresh NRE term deposits with a minimum tenure of three years. The RBI also clarified that transfers from NRO accounts to NRE accounts are not eligible for the exemption.
The RBI has exempted fresh NRE term deposits of three years or more mobilized by Rural Co-operative Banks between June 19 and September 30, 2026 from CRR and SLR requirements. The exemption applies to the original deposit amount while it remains on the bank’s books, subject to specified conditions.
The RBI’s Third Amendment Directions provide CRR and SLR exemption for eligible fresh NRE term deposits with a minimum tenure of three years. The amendment also clarifies that transfers from NRO accounts to NRE accounts are not eligible for the exemption.
The RBI has amended the 2025 Directions to exempt qualifying fresh NRE term deposits from reserve maintenance requirements for Small Finance Banks. The amendment takes immediate effect and also introduces corresponding changes to Form A reporting requirements.
The RBI’s Third Amendment Directions grant CRR and SLR exemption for eligible fresh NRE term deposits with a minimum tenure of three years. The amendment also clarifies that transfers from NRO accounts to NRE accounts are not eligible for the exemption.
ITAT Delhi held that cash deposits arising from recorded and accepted cash sales cannot be added as unexplained cash credits under Section 68. The Tribunal found no evidence contradicting the books of account or stock records.
The RBI has directed all AD Category-I banks to submit daily data on FCNR(B) deposits, ECBs, and OFCBs mobilized under its swap facility. Banks must report the prescribed information by 6:00 p.m. every day and submit NIL statements where applicable.
