News Muncher - searching for lrs

2 weeks, 2 days ago

Andhra Pradesh Government to demolish illegal layouts: Minister Ponguru Narayana

“Andhra Pradesh Government will take strict action against illegal layouts that were built without following the rules and guidelines,” Municipal Administration and Urban Development Minister Ponguru Narayana said at a press conference, at his camp office on Friday night Addressing the media, he said: “The State Government will demolish all the illegal buildings that were constructed by violating the rules …

Regularisation Scheme Narayana Informed Illegal Layout

3 weeks, 1 day ago

Can an NRI-turned-resident freely repatriate foreign currency non-resident account FD?

Live Mint

When an NRI becomes a resident, can the foreign currency non-resident account FD be freely repatriated without coming under the ambit of the liberalised remittance scheme? Only an NRI or a non-resident of Indian origin is permitted to open a foreign currency account or the FCNR account as the name suggests, is a foreign currency deposit account in India. Regulations …

India Currency Fema Resident Foreign Nri Lrs

Important MCQs Based On Latest Supreme Court Judgments For Law Examinations

Live Law

A settlement deed created a life interest in the disputed property in favor of the Hindu Woman. Citation: 2024 LiveLaw 906 Hindu Succession Act | Life Interest Given To Woman Will Not Transform Into Absolute Ownership As Per Section 14 : Supreme Court Q 2. d. All of the above Answer: Option Explanation: The Supreme Court recently observed that expressions …

Law Supreme Court High Court Property Court Based Fir

Important MCQs Based On Latest Supreme Court Judgments For Law Examinations

Live Law

A settlement deed created a life interest in the disputed property in favor of the Hindu Woman. Citation: 2024 LiveLaw 906 Hindu Succession Act | Life Interest Given To Woman Will Not Transform Into Absolute Ownership As Per Section 14 : Supreme Court Q 2. d. All of the above Answer: Option Explanation: The Supreme Court recently observed that expressions …

Law Supreme Court High Court Property Citation 2024 Based

3 weeks, 5 days ago

Can't Make Party Suffer For Counsel's Non-Appearance Or Failure To Make Alternate Arrangement For Appearance: Rajasthan High Court

Live Law

While hearing a writ petition, Rajasthan High Court upheld an order of the trial court that set aside an ex-parte decree against the respondents on the ground that the counsel of the respondents had underwent eye surgery and thus owing to his health conditions, he was not able to make an appearance before the court for the proceedings. However, we …

Trial Counsel Court Party Respondents Petitioner Decree

1 month ago

Himachal Pradesh High Court Weekly Round-Up: November 11 To 17th, 2024

Live Law

Nominal Index: M/s Lakhwinder Singh Stone Crusher v. Union of India & ors 2024 LiveLaw 72 Satpal Singh Satti & others vs.State of Himachal Pradesh & others and connected matters 2024 LiveLaw 73 National Highway Authority of India Versus Rajesh Kaptyaksh and Ors 2024 LiveLaw 74 General Manager, Punjab Roadways Pathankot v. Excise & Taxation Commissioner-cum-Revisional Authority and ors 2024 …

Justice Court Patent Illegality 2024 High Act Pradesh

1 month, 1 week ago

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?

Firstpost

Donald Trump’s re-election has sparked a crypto frenzy, sending Bitcoin soaring past $80,000 as investors anticipate a friendlier regulatory landscape. With Trump pledging to make the US the ‘crypto capital of the world’ and even proposing a national Bitcoin reserve, digital assets are gaining unprecedented momentum Republican presidential nominee and former US President Donald Trump speaks at the Bitcoin 2024 …

India Market Trump Crypto Indian Investors Donald Trump

3 months, 3 weeks ago

Increase revenues without burdening people: Bhatti to officials

Deccan Chronicle

Bhatti stressed the importance of devising strategies that align with government needs while ensuring minimal impact on people. The meeting, which included top officials such as special chief secretary, finance, K. Ramakrishna Rao, MA&UD principal secretary Dana Kishore, and finance principal secretary Sandeep Kumar Sultania, highlighted several key areas for action. Officials were directed to accelerate the Land Regularisation Process …

Increase Revenue Officials Bhatti

4 months, 3 weeks ago

Telangana: Pending LRS Pleas To Be Disposed of Soon

Deccan Chronicle

HYDERABAD: Over 25 lakh Layout Regularisation Scheme applications pending for the last four years will be disposed of online with the state government issuing new guidelines for clearance of pending applications. The LRS application data will be classified clustered survey number wise and village wise and each cluster will be given a unique number for ease and speedy field work …

Application Lands Lrs Telangana Pending

5 months, 1 week ago

Union Budget 2024: Overseas credit card spending above ₹7 lakh may be taxed 20%

Hindustan Times

The Union Budget 2024, which is scheduled to be presented on July 23 may bring overseas credit card spending above ₹7 lakh under the Liberalised Remittance Scheme, which means that the government would be able to collect a 20% tax on it, Moneycontrol reported, citing an unnamed government official. Expenses paid internationally using debit cards, forex cards, or other payment …

India Tax Credit Card Budget 2024 Tcs Union Budget

5 months, 1 week ago

RBI allows resident Indians to open foreign currency accounts in GIFT City

Live Mint

The Reserve Bank of India has expanded the scope of remittances to International Financial Services Centres under the Liberalised Remittance Scheme allowing Indian residents to open foreign currency accounts in Gujarat International Finance Tec-City. On Wednesday, RBI decided to allow authorised persons to facilitate remittances for availing financial services or financial products as per the International Financial Services Centres Authority …

Financial Currency Foreign Rbi Foreign Currency Gift City Lrs

6 months, 3 weeks ago

Why Ram Rahim Singh Was Acquitted In 2002 Murder Case? Punjab & Haryana High Court Belies Polygraph Test, Says CBI Coerced Key Witness

Live Law

In its 163-page judgment, the Punjab and Haryana High Court today acquitted Dera Sacha Sauda chief Gurmeet Ram Rahim Singh and four others who were sentenced to life imprisonment by a CBI court in the 2002 Ranjit Singh murder case.A division bench of Justice Sureshwar Thakur and Justice Lalit Batra found the CBI, which took over the probe in November …

Crime Murder Evidence Witness Test Accused Punjab

7 months, 2 weeks ago

Riparian Land Owners Entitled To Alluvion Deposits When Rivers Change Their Course: Punjab & Haryana High Court

Live Law

The Punjab & Haryana High Court has declared a notification deleting clause of the Punjab Village Common Lands Act, 1961 as "unconstitutional" observing that riparian land owners will be entitled to alluvion depositsThe Court said that deleting Section 2 of the Punjab Village Common Lands Act, 196 is liable to be declared to be ultra vires Article 31-A of. The …

Court Land Rivers Punjab Owners River Owner

8 months, 1 week ago

For investments abroad, opt for direct stocks

Live Mint

Investment in global equity is one of the avenues for diversifying your portfolio. There are Exchange Traded Funds that are listed at stock exchanges in India—the National Stock Exchange and BSE, which invest in stocks abroad. Investments in stocks abroad will be part of India’s Liberalized Remittance Scheme of $250,000 per financial year. Apart from NSE IFSC, there are global …

India Funds Invest Rate Exchange Ifsc Your Portfolio

11 months, 1 week ago

Bitcoin ETF approval: Indian investors too can participate - here’s how

Live Mint

The approval of spot bitcoin exchange-traded funds by the Securities Exchange Commission in the United States has paved the way for Indians to explore investment opportunities in crypto assets. It's important to highlight that participation in foreign stock and ETF markets by Indian investors is regulated by the Reserve Bank of India's Liberalised Remittance Scheme. “For Indian investors, the Bitcoin …

Indian Investors Indian Investors Lrs Etfs Bitcoin Etf

11 months, 3 weeks ago

Supreme Court Monthly Round-Up: December 2023

Live Law

Citations: 2023 LiveLaw 1026 To 2023 LiveLaw 1071 Dr. Premchandran Keezhoth v The Chancellor Kannur University 2023 LiveLaw 1025 Pavnesh Kumar v. Union of India 2023 LiveLaw 1026 Manoranjan Rout v. State of Odisha 2023 LiveLaw 1028 Madhavan Through Lrs. Governor As A Chancellor Of A State University Must Act Independently And Not On Aid & Advice Of Council Of …

Social Media India Justice Tamil Nadu Kerala Delhi Supreme Court

1 year ago

How regulations squeezed investments into Gift City

Live Mint

New Delhi: India’s attempt to tighten outward investment rules to discourage Indian residents from unnecessarily taking money out of the country has hurt fund flows into the International Financial Services Centre, Gift City, two people aware of the matter said. To encourage wealthy Indians to use Gift City instead of overseas jurisdictions for their investments, the Reserve Bank of India …

Singapore Tax Investment Indian City Residents Rbi

1 year, 1 month ago

Supreme Court Monthly Round-Up [October 2023]

Live Law

Nominal Index Pankaj Bansal v. Union of India, Basant Bansal v. Union of India 2023 LiveLaw 844 Aditya Khaitan & Ors. GEETHA, D/O LATE KRISHNA v. NANJUNDASWAMY 2023 LiveLaw 940 Anjali Bhardwaj & Ors v. Union of India 2023 LiveLaw 942 Manish Sisodia v. Central Bureau of Investigation 2023 LiveLaw 944 Judgments/Orders Mere Non-Cooperation To ED Summons Not A Ground …

India Rajasthan Justice Tamil Nadu Family Planning Delhi Disciplinary Proceedings

1 year, 1 month ago

Tax collection at source: Who issues a TCS certificate and when?

Live Mint

Tax collection at source, or TCS, is an additional amount collected as tax by a seller of specified goods from the buyer at the time of sale over and above the sale amount and is remitted to the government account. Starting Oct 1, 2023, the Government of India introduced TCS rate of 20 percent on foreign remittances of more than …

Tax Tan Rate Tcs Tax Collection Lrs Collection Account

1 year, 1 month ago

Wakf | Judgment Debtor Can't Be Allowed To Take Undue Advantage By Invoking Plea Of Lack Of Jurisdiction At Execution Stage: Supreme Court

Live Law

After a prolonged litigation, the Supreme Court, in a noteworthy judgment, finally granted relief to the owner of a suit property in favour of whom the decree was already granted back in 2002. At the beginning of the judgment, the Court highlighted this unfortunate situation by citing Hon’ble Sir James Colvilbe in General Manager of the Raj Durbhunga v. Maharajah …

Jurisdiction Judgment Property Court Courts Suit Decision

1 year, 3 months ago

Why Justin Trudeau Jumped the Gun More Than Two Months After Nijjar’s Killing?

News 18

With diplomatic ties between India and Canada reaching a new low after Justin Trudeau’s claims of “potential link between agents of Indian government” and Khalistani terror group chief Hardeep Singh’s Nijjar’s death, top government sources told News18 that during Trudeau and Prime Minister Narendra Modi’s meeting on the sidelines of the recent G20 Summit in New Delhi, the latter had …

Activities Canada Indian Trudeau Punjab Nia Canadian

1 year, 4 months ago

How HNIs can invest abroad without the LRS limit or TCS

Live Mint

Why do ordinary Indians find it difficult to invest outside the country? Overseas investments made by LLPs would be out of its individual partners’ balance sheet / personal wealth, and hence, the structuring of such LLP needs to be undertaken with care. View Full Image Mint Since this LLP is registered as an ‘Indian entity’ as per the Reserve Bank …

Tax Gift Indian Investments Income Odi Route

1 year, 4 months ago

What is tax collection at source on foreign remittances under LRS? An explainer

Live Mint

In the Budget 2023, government rolled out a higher tax collection at source of 20 percent on outward remittances under the Liberalised Remittance Scheme The higher tax rate was supposed to come into effect from July 1 onwards, but on June 28, 2023, a finance ministry notification clarified that the higher rates will come into force when the threshold is …

Tax Credit Card Rate Higher 20 Percent Tcs 5 Percent

1 year, 5 months ago

Explained | The changes to the Liberalised Remittance Scheme

The Hindu

The story so far: On June 28, the Finance Ministry in two announcements deferred the imposition of an increased 20% rate for Tax Collected at Source by three months to October 1, and said transactions made using international credit cards overseas would not fall under the purview of the Liberalised Remittance Scheme. To put things into perspective, while LRS designates …

India Tax Credit Credit Cards Cards Lakh Threshold

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Search results for lrs

Andhra Pradesh Government to demolish illegal layouts: Minister Ponguru Narayana

Can an NRI-turned-resident freely repatriate foreign currency non-resident account FD?

Important MCQs Based On Latest Supreme Court Judgments For Law Examinations

Important MCQs Based On Latest Supreme Court Judgments For Law Examinations

Can't Make Party Suffer For Counsel's Non-Appearance Or Failure To Make Alternate Arrangement For Appearance: Rajasthan High Court

Himachal Pradesh High Court Weekly Round-Up: November 11 To 17th, 2024

Bitcoin hits new highs: Is Trump’s pro-crypto agenda the catalyst?

Increase revenues without burdening people: Bhatti to officials

Telangana: Pending LRS Pleas To Be Disposed of Soon

Union Budget 2024: Overseas credit card spending above ₹7 lakh may be taxed 20%

RBI allows resident Indians to open foreign currency accounts in GIFT City

Why Ram Rahim Singh Was Acquitted In 2002 Murder Case? Punjab & Haryana High Court Belies Polygraph Test, Says CBI Coerced Key Witness

Riparian Land Owners Entitled To Alluvion Deposits When Rivers Change Their Course: Punjab & Haryana High Court

For investments abroad, opt for direct stocks

Bitcoin ETF approval: Indian investors too can participate - here’s how

Supreme Court Monthly Round-Up: December 2023

How regulations squeezed investments into Gift City

Supreme Court Monthly Round-Up [October 2023]

Tax collection at source: Who issues a TCS certificate and when?

Wakf | Judgment Debtor Can't Be Allowed To Take Undue Advantage By Invoking Plea Of Lack Of Jurisdiction At Execution Stage: Supreme Court

Why Justin Trudeau Jumped the Gun More Than Two Months After Nijjar’s Killing?

How HNIs can invest abroad without the LRS limit or TCS

What is tax collection at source on foreign remittances under LRS? An explainer

Explained | The changes to the Liberalised Remittance Scheme