All international passengers, except those under five years of age, flying into India from Covid at risk countries will have to undergo RT-PCR testing on arrival starting 12.01 am (IST) on December 1, 2021. This will include those transiting from these places too. Those testing negative will need to be home quarantined for seven days … Continue reading Omicron protocol: RT-PCR must for all arrivals from at risk countries starting Dec 1

The Reserve Bank of India’s decision to keep corporates away from bank licences will help the government sidestep allegations that it is selling banks to big business. However, the number of prospective buyers for public sector banks will shrink. In the absence of any deep-pocketed corporate house, the bidders for PSU banks would have to … Continue reading Corp exclusion from banking shrinks buyer pool for PSBs

In a recent order, the Income-Tax Appellate Tribunal (ITAT), Mumbai bench, has held that purchase of a flat by a non-resident using his overseas income is an act of investing or application of income. It is distinct from earning an income in India from immovable property and the sum invested cannot be subject to tax … Continue reading ‘Foreign funds invested in India can’t be taxed as unexplained income’

India appears to be the flavour of current times for recruiters globally with Indian talent the most sought after amid a rise in cross-border hiring. Jobs from various global markets are being outsourced to skilled talent in India, and this is not restricted to IT alone.