NON RESIDENT COUPLE
Date of house possession key for tax benefit under section 54 says ITAT; all you need to know
Section 54 tax benefit: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) clarified that the date of possession is crucial for claiming a tax benefit under section 54 of the Income-tax Act. This ruling highlights the importance of timely investment in a new house to reduce tax liability on profits from selling an old property.
Antigua, Grenada, Dominica: Citizenship-related visas explained
Caribbean's CBI programs offer diverse benefits like visa-free travel, low living costs, and multiple citizenships. Antigua, Grenada, and Dominica provide unique investment options. CARICOM allows free movement and residency in 20 countries, fostering economic cooperation and integration.
Court orders Pune resort to pay nearly Rs 2 crore to couple for loss of their 30- and 24-year-old sons in pool
The grieving parents asserted that the resort owners, despite assurances of safety measures in their advertisements, failed to provide crucial safety components such as a guide during the incident. The absence of safety precautions, the lack of signboards, and non-functional CCTV cameras were cited as contributing factors to their children's untimely demise.
Is it mist? Is it fog? No its poisonous smoke: Kochi residents on waking up to smog in the city
The fire broke out at the Kochi city corporation-run waste treatment plant on March 2 and by March 5 the district administration of Ernakulam declared a holiday on Monday for children in all schools in areas under Kochi corporation and the nearby municipalities and gram panchayats, as huge and thick clouds of toxic smoke billowing from the site engulfed the city.
Why India is in top 5 nations globally to obtain Portugal Golden visa in 2022
Since the program's inception in 2012, more than 130 visas have been issued to Indian nationals. The Portuguese Golden Visa Residence Permit (ARI) is a residency by investment program designed to encourage investment in Portugal from non-EU/EEA citizens. It provides a quick way to get a residence permit in Portugal.
Isha Ambani and Anand Piramal arrive in Mumbai with their newborn twins, couple gets grand welcome from family
Isha Ambani arrived in Mumbai with her husband Anand Piramal and newborn twins on December 24. Isha and her kids received a grand welcome from Ambani and Parimal families.
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Co-parenting apps are gaining popularity in India
Mostly US-based co-parenting apps such as We Parent, Our Family Wizard and Talking Parents are becoming part of Indian couples fighting acrimonious divorce battles or seeking separation with mutual consent. Interestingly, Indian courts are also acknowledging the effectiveness of such apps and allowing the prayers of parties to direct the other side to use such apps.
Caught in limbo: Foreign investors, including Indians, sue USCIS for non-processing of EB-5 visas
Under the EB-5 program, individuals can apply for lawful permanent residence (aka green card) in the US if they make the necessary investments and create at least 10 permanent full-time jobs for American workers. Investors need to invest $500,000 in a project in a rural area or an area of low employment, or $1 million otherwise.
Abu Dhabi issues law on divorce, inheritance for non-Muslims
The report Sunday by the WAM news agency said Abu Dhabi would create a new court to handle these cases, which will be held in both Arabic and English to be better understood by the emirate's vast foreign worker population.
Nothing remains in plea alleging non-compliance of IT Rules by Twitter after Centre is satisfied:HC
In his petitioner, the petitioner-lawyer, represented by Senior lawyer G Tushar Rao, claimed that he came to know about the alleged non-compliance of IT Rules by Twitter when he tried to lodge a complaint against a couple of tweets. It said in spite of the three-month period getting over on May 25, no resident grievance officer was appointed by Twitter.
President Biden urged to rescind Trump-era ban on H-1B and other foreign work visas
In June 2020, Donald Trump instituted Proclamation 10052, halting the processing of non-immigrant H-1B, L-1, H-2B, and J-1 visas, based on the alleged potential risk to the labour market.
OCI card holders from US face 'harassment' on arrival at Mumbai airport: Family members
The five couples arrived at the Mumbai airport on Monday as part of India's Vande Bharat Mission, the biggest exercise carried out by the Indian government to repatriate stranded citizens from overseas amid the COVID-19 pandemic.
Realtors rely on NRIs for sale during lockdown
According to property consultant Anarock, the rupee’s depreciation had been a factor of considerable interest for NRIs considering Indian real estate as a sensible investment option during these volatile times.
COVID-19: Srinagar residents make own masks to battle shortage of protective gear
The 30-year-old student, a resident of Shopian district of Jammu and Kashmir, was supposed to join the Rabindranath Tagore University, but had to abort his plans due to the COVID-19 emergency. Instead of concentrating on his studies, Malla has chosen to make around 40-50 masks daily and later distributes these free of cost.
Over a lakh turn out at cricket stadium to hear Donald Trump and PM Modi
Bollywood singer Kailash Kher and local Gujarati singers entertained the audience for a couple of hours before Trump and Modi reached the stadium, which has the capacity to accommodate 1.10 lakh people, the highest for any cricket stadium in the world.
1920 vs 2020: What's changed, what's not in the world, and India?
The National Football League in the USA is the world’s richest sports league at present.
Co-living spaces are the next big trend among working millenials in Bengaluru
Students and young professionals are escaping moody landlords and taking refuge in co-living spaces.
Achtung: Run on the rupee
Since 9 August we have depreciated by 2.1%, while the average fall in major Asian currencies is only 0.7%.
India’s macro story is quite good: Subhash Chandra Garg, Economic Affairs Secretary
Commenting on the current crude oil scenario, he said, definitely there is a bit of uncertainty. Iran is an important supplier to us and is also an important global supplier.
Oil woes in the Gulf hit NRI deposit flows
Indian nationals in the Gulf countries send their surplus funds to Indian banks as NRE deposits.
PM Narendra Modi hosts lunch for British royal couple Prince William and Kate Middleton
A four-course Indian meal, including both vegetarian and and non-vegetarian, was served at the lunch hosted at the historic mansion here .
Broken branches saved elderly couple during Tamil Nadu floods
Broken branches of their cashew tree saved the lives of K Balakrishnan and his wife when a flood engulfed their village in Tamil Nadu's Cuddalore district.
Non-domicile tax status scrapped in UK budget
Lakshmi Mittal will be among a number of UK-based overseas-born millionaires likely to be affected by the abolition of "non-dom" status.
New in vitro fertilisation techniques help design genetically healthy babies
From helping infertile couples have babies, assisted reproduction techniques has evolved to assist people in having genetically healthy babies.
Weak rupee a boon as remittance inflows to Kerala top Rs 75,000cr
Kerala has set a new record in remittances this year by already reporting a 36% year-on-year spike in inflows as of June-end at Rs 75,883 cr.
How NRIs can transfer title of inherited property
Dealing in Indian real estate matters, especially if you have lived outside the country for a long time can be a nightmare.
Finance ministry may raise loan limit on FCNR deposits to boost capital inflows
The RBI has some reservations about the proposal, but the finance ministry hopes to convince the central bank citing urgent need to boost capital flows.
Tribal NGOs misused grants to make private residences: Ministry
The ministry has also found that bureaucrats had changed rules to favour certain voluntary organisations that had been getting funds from the Centre for almost a decade.
Indian Americans unhappy with passport surrender rules
Many Indian Americans are unhappy over the new rules imposed by India for surrendering the old Indian passport and delays in issuance of visa to visit India.
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