High Value Transactions News Today

The central bank has also asked payment companies to monitor and report high-value merchant payments during ongoing general elections. In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent likely misuse of e-fund transfer systems to influence voters or indirectly fund poll candidates.

India Business News: The Reserve Bank of India has directed regulated payment companies to monitor high-value or suspicious transactions to prevent misuse during elections

Kulkarni had sought permission from a court in Mumbai to take certain documents and electronic gadgets from his office and bungalow seized by the ED, as he required them for the court case against him.

NRIs receive notice relating to past transactions, deposits, issues concerning tax filing

ITR 2024: As per the Income Tax Act 1961, NRIs are not required under the law to pay tax on overseas earnings or declare foreign assets. But if they overstay, tax and disclosure regulations are applicable.

Using the wrong form could make your ITR defective and necessitate correction within the specified timeframe

Other News News: MUMBAI: A significant number of non-resident Indians (NRIs), including those in the UAE, have received notices under sections 148/148A from the income.

The accused public servant was earlier probed by the Directorate of Revenue Intelligence (DRI) in 2017 in connection with the alleged CDF scam.