Here is How You Can File Your ITR With The Help of The Annual Information System 
Can a Foreign National other than NRI / OCI make investments in a Firm or Proprietary concern in India? 
Are there any Restrictions on Investment by NRI/OCI In Firm or Proprietary Concerns in India? 
Know Tax liabilities and benefits of Gifts to HUF 
What are changes in the income tax return form to be filed this year? 
Taxpayer have nothing to worry about as long as they follow and carry out the processes properly. As a taxpayer, you need to be careful while going through the different transactions listed in the Annual Information Statement.... Read More
No, only NRI/OCIs are permitted to invest in a business or proprietary concern in India. However, a person residing outside India who is not an... Read More
Are there any Restrictions on Investment by NRI/OCI In Firm or Proprietary Concerns in India?
2 min read
NRI/OCI cannot invest in a corporation or sole proprietorship involved in agricultural/plantation activities, print media, or real estate. Contributions to capital in a firm/LLP/proprietary concern... Read More
A recent tax ruling stated and reaffirmed the fact that gifts from Hindu Undivided Family or HUF to any member is outside of the taxation... Read More
The government announced the new ITR form for the fiscal year on March 31, 2021. The ‘ITR’ is a form used by taxpayers to record... Read More
How to select the ITR form to be filed? By Filing return in wrong format, you may miss report some income and get exposed to Penalty... Read More
The word probate is used for court-supervised administration. This is for the descendant’s estate. The role of the court is to supervise the process of... Read More
Inappropriate Initiation of a Tax Evasion Case Proceedings by Assessing Officer(AO) u/s 147
3 min read
In this article, we’ll discuss the tax evasion petition and how the AO, without proper evidence and without being satisfied by the documents, decided to... Read More
Do you get confused between the terms’ tax evasion and ‘tax avoidance? If yes, you are at the right place to know the difference between... Read More
Tax evasion is unlawful action where an individual willingly tries to escape paying the true amount of tax imposed on him. Intentionally not paying taxes... Read More