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
Diksha Garg
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
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
Most of the people claim for refunds in the IT department. Usually, the refunds can be acknowledged when the TDS subtracted and the entire tax... Read More
Taxes collected from the residential individuals by any authority serve as a backbone for that country’s economy. Similarly, in India, the government solely depends upon... Read More
To make voluntary compliance and tax accountability easy and to facilitate the e-filing of the tax returns, it is stated that any information received by... Read More
The proposal of the introduction of faceless appeals against the tax evaluation cases has to lead to a lot of commotion. There is an apprehension... Read More
