For to a NRI, what does Income Accrued in India Mean?

by Ms. Sonu Iyer,  EY For non-resident Indians (NRIs), any income which is sourced from India is considered as income accrued in India. This broadly covers the following types of income: income accruing directly or indirectly through or from any business connection in India (…

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Indian with Properties Overseas Needs to Report it in Income Tax Return

by Ms. Sonu Iyer,  EY An Indian who has assets located outside India is required to report those assets in his/her Indian tax return if he/she qualifies as ordinarily resident in India in the financial year. (April 1 to March 31) Residential status is determined on the basis o…

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India: Mutual Funds Assets grow Rs. 40,000 cr in Q1 of 2015-16

The average assets under management (AAUM) of Indian mutual fund (MF) companies rose by about Rs 40,000 crore during the first quarter of the fiscal year (2015-16)  toRs. 12.34 lakh crore. The average AUM during 2015 January to March was Rs. 11.94 lakh crore. The increase in …

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Sundaram Mutual: Increased Minimum Investment in High-risk Equity schemes..!

Sundaram Mutual Fund (MF) has increased the minimum investment in four of its high-risk equity schemes to Rs. 1 lakh from Rs. 5,000 from July 1, 2015 to curb mis-selling & protect retail investors from the high volatility these schemes are prone to. The equity schemes in…

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How Affordable is ‘Housing for All’?

Mr. ABHIRUP BHUNIA, Policy Consultant Homes may come up for those earning about Rs. 6 lakh a year. But, what about those earning half that or less? Among the three schemes that Prime Minister Mr. Narendra Modi launched on June 25, 2015 is ‘ Housing for All ’, a self-explanatory…

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SKF India announces team for Gothia Cup 2015

SKF Sports Education Program girls’ football team set to make debut in Gothia Cup in Sweden SKF India today announced the SKF Sports Academy team comprising 17 boys and 16 girls for participation in Gothia Cup 2015, the world’s largest youth football tournament scheduled in …

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FM agreed to provide competitiveness to Indian exports: S C Ralhan,FIEO

Finance Minister agreed to provide competitiveness to Indian exports in view of falling trends in exports: S C Ralhan, President, FIEO In the wake of continuous fall in exports growth for the last six months, a delegation of exporters led by President, FIEO …

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Tigerair partners with Singapore Tourism Boardto celebrate Singapore’s Golden Jubilee

Celebratory all–in one way fares starting at INR 3,799 for Indian travellers Tigerair, the leading Singapore-based budget carrier, today announced its partnership with Singapore Tourism Board (STB) tocelebrate Singapore’s Golden Jubilee and  50 years of bilateral relations be…

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