An NRI is spared tax on income outside India. A resident is required to pay tax on global earnings.

"CBDT may need to clarify reporting requirement for unlisted equity shares in foreign companies for NR/NOR,” said Sonu Iyer, tax partner and people advisory services leader at EY India.

In order to avoid any misinterpretation, it is clarified that in case of an Indian citizen who becomes deemed resident of India under this proposed provision, income earned outside India by him shall not be taxed in India unless it is derived from an Indian business or profession.

Clarification that overseas earnings of bona fide workers won’t be taxed is ambiguous, say experts.

Govt has decided to tax only the income generated by NRIs from the biz in India, leaving their global incomes.

Virus could hit the way Indian revenue authorities tax their individual, foreign income.

The headcount has now come down from more than 1,000 employees a year ago, with the majority of job cuts in the wake of Covid-19 outbreak that forced shutdowns in the February-April period. The headcount comprises staff on the company’s rolls as well as those on contract and outsourced manpower.

At a time of uncertainty, people are seeking comfort in friends and the familiar - which also includes a collection of board games, we used to play as children. Here're some of the most popular online board games in India that have been offering refuge to people seeking entertainment during these testing times.

Psychology says your identity is the way you define your uniqueness through your past, present and future.

Your manager dreads review meetings as much as you do, because it is an unpleasant task to pass judgment on another person’s contributions and compensation. Here’s how you can make it work well for everyone and ace your annual appraisal.

An athlete is a master of the science behind his sport. Which muscles to exercise, the right skills, the impact of diet and which medicines are allowed. Figure out the science behind the interview and selection process of the company.

Your career is undeniably the biggest investment of your working life. Where the gender pay gap exists, it means that for the same work, you are getting a lower salary due to your gender. Progressive workplaces understand and take steps to fill this gap.

If the economy tanks into a recession, you and everyone else are at risk of losing his job. Finding a new job in a recession will be a massive challenge and hence you need a battle plan.

The COVID-19 outbreak has caused almost all firms to deploy the work from home practice for employees. While some may be used to this, others may feel lost in the exercise. To crack and make the most of your work from home situation, here are important points.

The ongoing all-India lockdown could be lifted after 21 days or get extended. If the latter happens, the economy will get worse and firms may have to shut shop. Here's how you can achieve career growth even in a lockdown, as you preprare for things to swing either way.

As the country is under Coronavirus lockdown, you can use this opportunity to learn some important skills and accelerate your career growth. Here are the eight skills you can learn.

When you consider a new job which appears to give you a higher paycheck, identify the hidden costs that could derail your dreams of saving for your new house. Here’s what you should look at.

When you Work From Home, what you consume comes from your pocket. An entire day at home with the air-conditioning and lights on adds to your electricity bill. Other expenses may include your computer, printer, etc. Here’s what you should look at.

Skill stacking is the most efficient way to multiply your earning ability. Not everyone has the time, ability and resources to single-mindedly pursue one skill to perfection. However, there is a faster way.

Though India does not have similar jobs data reporting structure during this pandemic, it is easy to see that the job market this year will be the most challenging that we have seen in our lifetimes.

If the company is planning lay-offs, start circulating your resume and talking to people in the industry without discussing it with colleagues. It is also a good idea to build a contingency fund to help you sail through in case you don’t find a job immediately.

Factors will determine if your job profile will evolve. However, don’t expect a change where the business-efficient alternative is to replace you to save nonproductive costs or deal with change in customer behaviour.

“Create a separate user profile with minimal privileges for work-only use. Close all work-related windows, applications, files, and documents when not in use. Do not use work email addresses to sign up for unauthorised, free tools. Grant access to your employees to corporate network only though a company-approved VPN with multi-factor authentication,” the advisory states.

Everyone loves holidays, especially the annual colorful and vibrant Holi festival. Various companies hold special promotions to extend this magical time of ...

The LRS transactions are currently permitted by banks based on the declaration made by the remitter.

A report said that India (receiving USD 69 billion in remittances in 2017) was followed by China (USD 64 billion) and the Philippines (USD 33 billion).

Nearly 82 per cent of the total remittances received by the country originated from eight countries - the UAE, US, Saudi Arabia, Qatar, Kuwait, Oman, UK, and Malaysia.

India received $69 billion in overseas remittances last year, equivalent to almost 3 percent of GDP, Capital Economics said, citing World Bank data.

The data was provided by Indian missions in Bahrain, Oman, Qatar and Saudi Arabia but the Embassy in the UAE refused to give information. The Indian embassy referred to data on their website which was only 2014 onwards.

The embassies in Gulf countries have not been forthcoming in providing data under RTI on the number of deaths.

India is followed by China ($67 billion), Mexico and Philippines ($34 billion each), according to World Bank.

ET looked at data from 1990-91 to present, and the remittance-elections bump is evident.

India was followed by China (USD 67 billion), Mexico (USD 36 billion), the Philippines (USD 34 billion), and Egypt (USD 29 billion).

The acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates.

India was the top recipient of remittances worldwide in 2018, data from the World Bank shows. The remittances were boosted in part by migrants from Kerala sending.

NRI deposits between April & August saw an inflow of $4 billion, compared with $5.7 billion in the same period last year. NRIs in the Gulf, who contribute the maximum to the deposit chunk, are showing preference towards mutual funds.

India continues remains the top recipient of remittances, with its diaspora sending back $78.6 bn in 2018.

“The Directorate of Intelligence & Criminal Investigation (I&CI) of the income tax department during August and September 2019 obtained LRS data from several banks in Mumbai and Delhi and verification of the top 100 cases was undertaken. However, nothing adverse was found,” said the report, which was submitted to SIT probing black money earlier this year.

The payments bank sees average monthly remittances of close to Rs 5,000 crore from daily wage earners working in various factories, construction sites, small businesses, plumbers, carpenters, cab drivers, among others.

An IAF fighter jet crashed into the fields here, Nawanshahr Deputy Commissioner Vinay Bublani said. The crash took place around 10.30 am, the officials said. An IAF spokesperson said the Mig-29 aircraft was on a training mission from an Air Force base near Jalandhar.

Riyaz Naikoo’s death has left a serious void at the top for HuM and possible successors being considered are "Dr Saifullah" or Abu Musaid, a resident of Malangpora in Pulwama, who was part of the Burhan Wani group of 12 terrorists, and Juniad Sehrai, chief of the Hurriyat’s Geelani faction who joined the terror group in 2018.

Defence Minister Rajnath Singh on Friday inaugurated the road link from Dharchula, a town in Uttarakhand's Pithoragarh district, to the Lipulekh pass, which is located at an altitude of 17,060 feet at the border between India and China.

“The minister cleared the proposal by the engineer-in-chief of MES, in line with the Shekatkar Committee recommendation to restructure the civilian workforce in a manner that the work can be partly done by departmentally employed staff while the rest is outsourced,” said an official.

They said while the government is strictly enforcing the COVID-19 lockdown, the additional restrictions were imposed on Friday to ensure that the day passes off peacefully.

The Global Times is published by the People's Daily, the official newspaper of China's ruling Communist Party. The party has been known to float ideas and guide public sentiments via the Global Times, which tends to take a nationalistic stance on issues involving other countries.

"Thirty new cases of COVID-19 (six from Delhi and 24 from Tripura) have been reported from different establishments. All of them are under the best available medical care at AIIMS-Jhajjar and G B Pant Hospital, Agartala," BSF spokesperson Shubhendu Bhardwaj said in a statement.

"The apprehended extremists include the recruitment module operational head Lankeshwar Koch alias Lambu, a Myanmar-trained self-styled area commander of Lower Assam. Four Bangladesh-trained militants and two newly recruited cadres were arrested," the spokesman said.