CBDT has reportedly launched a probe into foreign remittances exceeding Rs 6 lakh in a bid to uncover tax evasions. Bindisha Sarang #tax #taxevasion mybs.in/2dYDgS1

#YourMoney | #RBI data shows a 79% YoY surge in #NRI deposits, reaching $4 bn in Q1 FY24-25. Choosing the right account—NRO, NRE, or FCNR—is crucial for NRIs to manage income sources, repatriation needs, and #tax implications effectively. Experts advise careful consideration to

Choosing NRI deposit scheme: Consider income source, remittance needs. NRE accounts allow NRIs to manage foreign income with seamless transfers to India. The interest income is tax-exempt in India. Know more business-standard.com/finance/person…

Got tax refund text? Verify source, don't divulge sensitive information linkedin.com/posts/bindisha…

Here are 3 money moves wealthy Americans are more likely to make in times of economic uncertainty cnbc.com/2023/09/19/3-t…

The central government will introduce the Unified #Pension Scheme from April 1, 2025, as an alternative to the National Pension System. Should employees currently with #NPS stick to it or switch to #UPS? Bindisha Sarang & Karthik Jerome decode mybs.in/2dYIKKJ

#YourMoney | UPS or NPS? From April 2025, the new #UnifiedPensionScheme offers guaranteed returns but lower equity exposure. #NPS provides flexibility and potential higher returns. Employees need to assess their retirement needs and risk preferences. Bindisha Sarang Karthik Jerome

OCI income tax depends on person's residency status under I-T Act Bindisha Sarang #oci mybs.in/2dYqZnt

#YourMoney | From Oct 1, 2024, new #PPF guidelines will cut interest for irregular minor accounts to 4% and impose 0% interest on extended #NRIs’ accounts. Review your PPF setup now to ensure compliance and explore alternative investments. Bindisha Sarang mybs.in/2dYrVPo

Good move.

As rising rentals push younger generations toward homeownership, median age for first-time buyers has dropped significantly. Increased mortgage accessibility and surging property prices make now an ideal time to consider buying. Weigh the pros and cons carefully. Sanjay Kumar Singh

Pay the world whatever it takes to leave you alone to think.

The Supreme Court ruled in a recent case that the co-owner of an undivided property cannot transfer the entire property without first demarcating their share. Bindisha Sarang #property mybs.in/2dYx4fS

#YourMoney | #CBDT has launched the Direct Tax #VivadSeVishwas Scheme 2024, effective Oct 1, 2024, to resolve pending income tax disputes. Settle disputes from July 22, 2024, by paying only the disputed tax. Exclusions apply. Early filing until Dec 31 is key for lower amounts.

OpenAI has finalized a $6.6 billion funding round from investors who valued the company at $157 billion — the latest in a series of dramatic and sometimes polarizing moves for the ChatGPT maker. wapo.st/3BqApvr

Do you know your "Leverage Ratio"? #money #rich #debt #finance #PersonalFinance #USA #india

'If your parents are homeowners, you're more likely to be a homeowner,' housing expert says. Here's why cnbc.com/2024/02/23/why…

Happy New Year everyone.

Bangalore<> 17–19 July <> I’ll be in town and would love to catch up with folks doing interesting things in AI, product, fintech, BFSI, startups, public policy or just thoughtful people doing their thing. If you’re around and up for a coffee or quick chat, DM me.

iPhone 17, anyone? linkedin.com/posts/bindisha…