Business

NRI buys ₹79 lakh Mumbai flat using NRE funds, gets ‘unexplained cash’ tax notice; here's what happened next

LiveMint - Money · 16 August 2026 at 12:53 pm

An NRI living in the US faced a tax notice for unexplained funds used to buy a Mumbai flat using funds from his NRE account.

Here's what happened next.

Read the full article on LiveMint - Money ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.livemint.com — the content belongs to LiveMint - Money.

NRI buys ₹79 lakh Mumbai flat using NRE funds, gets ‘unexplained cash’ tax notice; here's what happened next

More from LiveMint - Money

ITR defective notice for AY 2026-27: Why you may receive it, deadline to respond and what happens if you ignore it

Only two dividend yield funds gave over 10% returns in the last 1 year: Find out who led the category and who lagged

Should you keep a 100% equity portfolio? Here's what 20 years of data reveals about risk-adjusted returns

Ladli Behna Yojana August installment not received yet? Here's when MP govt could deposit ₹1500 in your bank account

More in Business

Israel strikes Lebanon again, 11 dead; Iran still defiant on Hormuz control

Russia carries out wave of airstrikes on Ukraine, kills two at steel plant

UK hospitals unprepared for heat as 'horrific' conditions grip wards

Category 1 hurricane Lala lashes Hawaii's Big Island, but avoids landfall

Why sports teams are selling for eye-popping prices across major leagues

2W makers to oppose immediate real driving emission norms in BS7