NRIs need not give account details if seeking no refund

NRIs need not give account details if seeking no refund

NRIs need not give account details if seeking no refund

The non-resident Indians will not have to give details of their bank accounts held outside the country while filing their income tax returns, if they are not seeking refunds, the CBDT said on Monday. “It (providing details of foreign bank accounts) is not mandatory. It is optional. It is for cases where refund is sought,” […]

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Demonetisation: Parliament panel may summon PM Modi if RBI’s reply not satisfactory.

Demonetisation: Parliament panel may summon PM Modi if RBI’s reply not satisfactory.

The Public Accounts Committee (PAC) of Parliament can call Prime Minister Narendra Modi on the issue of demonetisation if it is not satisfied with the answers given by top finance ministry officials and RBI Governor Urjit Patel, to whom a detailed questionnaire has been sent. A PAC meeting on this issue has been called on […]

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I’m being victimised, forced to go into hiding: Read Vijay Mallya’s emotional outburst

I’m being victimised, forced to go into hiding: Read Vijay Mallya’s emotional outburst

Beleaguered businessman Vijay Mallya, who has been summoned by the ED to appear before it on March 18, has ruled out his return to India for now, saying the time is not “right”. “There was a lookout notice issued against me last year. But I didn’t ‘escape’. Why am I being portrayed as a criminal […]

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Why India Inc must stop whining about interest rates and start cutting retail prices

India Inc is used to eating its cake and having it too. Right now, when demand conditions are weak, it has been seeking excise reliefs (the automobile companies got it, too), and is now baying for interest rate cuts. With every fall in the retail and wholesale prices indices, the calls get shriller. Sorry, just […]

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