News Muncher - category foreign sources

3 weeks, 4 days ago

NRI Taxation Explained: How India taxes non-resident Indians

An Indian-origin individual living outside India is termed a Non-Resident Indian. Regulations defining NRI status Two primary legislations outline the rules applicable to NRIs in India: Income Tax Act, 1961: Specifies the tax obligations of NRIs. You will be classified as resident but not ordinarily resident for a particular year if you satisfy one of the following conditions: If he/she …

Taxation Income Resident Foreign Nri Foreign Sources Rnor

1 year, 3 months ago

Libya’s Foreign Minister Najla al-Mangoush dismissed: Sources

Al Jazeera

Libyan Foreign Minister Najla al-Mangoush, under fire for meeting with her Israeli counterpart, has been dismissed, according to senior sources in the government. Reporting from Tripoli, Al Jazeera’s Malik Traina said sources close to Prime Minister Abdul Hamid Dbeibah reported al-Mangoush’s dismissal after an earlier announcement of an investigation into her meeting with Israeli Foreign Minister Eli Cohen last week …

Countries Israel Israeli Minister Iss Ministry Foreign

1 year, 6 months ago

US places sanctions on Myanmar’s defence ministry, banks

Al Jazeera

Military has used foreign sources, including Russian entities under sanctions, to purchase and import arms, Washington says. The United States has imposed sanctions on Myanmar’s defence ministry and two banks used by the military regime to buy arms and other goods from foreign sources. The US Treasury Department said in a statement on Wednesday that the military has relied on …

Military Sanctions Treasury Myanmar Thai Foreign Foreign Currency

1 year, 10 months ago

What are the latest rules for NRI taxation in India?

Live Mint

These conditions include: physical presence in India during the relevant FY is 182 days or more; or physical presence in India during the relevant FY is 60 days or more and 365 days or more in the preceding four FYs. an individual, being a citizen of India, having total income, other than income from foreign sources, exceeding ₹15 lakh during …

India Indian Income Total Income 182 Days Foreign Sources

2 years, 2 months ago

PFI Ban and After: Govt Must Plug FCRA Loopholes to Block Foreign Funding to Anti-India Outfits

News 18

The Government of India raiding the Popular Front of India has sent shockwaves among Islamist and other anti-India outfits. The PFI exploited two major loopholes in the Foreign Contribution Act, 2010 to get funding from foreign sources for subverting India’s unity, integrity, sovereignty, and social and economic stability of the country. This explanation to Section 2 says, “Any amount received, …

Money Indian Foreign Funding Funding National Interest Contribution Foreign

2 years, 2 months ago

Pocket Funding: The FCRA Loophole that PFI Uses to Get Foreign Funding for Anti-India Activities

News 18

Last week, the Union Home Ministry, Government of India, banned the Islamist organisation, Popular Front of India. While the PFI’s anti-India role has been widely discussed, little attention has been given on how it raised foreign funding for activities expressly prohibited by the Foreign Contribution Regulation Act, 2010 and how it circumvented FCRA with the loopholes in the Act. As …

India China Activities Indian Bank Foreign Funding Funding

3 years, 1 month ago

Afghan interim Foreign Minister to visit Pakistan with resetting bilateral ties high on agenda

The Hindu

The interim Foreign Minister of the Taliban government in Afghanistan is expected to visit Pakistan in the coming days as part of efforts by the two sides to reset their ties in the wake of the Taliban’s takeover of Kabul, a media report said on November 6. Amir Khan Muttaqi was invited last month by Pakistan’s Foreign Minister Shah Mehmood …

Pakistan Afghanistan Taliban Minister Visit Afghan Bilateral Ties

4 years, 3 months ago

Taxability depends on the source of income

Live Mint

I have been living in London since 2001. Basic conditions: Physical presence in India during the relevant FY is 182 days or more; or Physical presence in India during the relevant FY is 60 days or more and 365 days or more in the preceding 4 FYs; or An Indian citizen if he is not liable to tax in any …

India Indian Income Resident Foreign Source Individual

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