Diksha Garg
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Changes in the TDS provision via the Finance bill,2019 passed by the Lok Sabha and Interim Budget, 2019
Sec 194M (new section): TDS on payment surpassing Rs 50 lakhs to either a Contractor or a Professional by Individual/HUF…
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Income Tax
Non-Resident Indians – Which Income/Assets are Taxed?
The main question that arises for any non-resident Indian is that which income is liable to tax, which assets need…
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Insurance
Life Insurance Policy Payouts – Are they Taxable or Not?
The basic idea about life insurance policies is that they are tax-free. But this might be subject to conditions and/or…
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Income Tax
Declaration of Income Tax Returns: Does an NRI have to declare their foreign bank account information?
When it comes to disclosure of overseas accounts of NRI’s, there is a lot of confusion and chaos pertaining to…
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Income Tax
Section 195 – TDS for Non-Resident Indians
Section 195 of the Income Tax Act, 1961, is all about the Tax Deducted at Source (TDS) for Non-Resident Indians.…
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The Most Helpful Tips for NRI’s to Fill Income Tax
There is always some confusion when it comes to an NRI and income which is taxable in India. Mentioned below…
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Income Tax
Benami Transactions Informants Reward Scheme
Under the Scheme, an informant can be provided interim and the final reward only the competent authority. The interim reward…
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Income Tax
A Defect in The Notice – Does it invalidate the Penalty Proceedings?
The Income Tax Appellate Tribunal’s (ITAT) Jaipur bench has held that the complete proceeding against the assessee would be nullified…
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Income Tax
New NRI’s targeted in the India’s Income Tax Evasion Crackdown
The income tax authorities in India are looking into the ‘residential’ status of many non-resident Indians (NRIs) with an aim…
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Income Tax
Failure to file Income Tax Returns: Fine or Jail?
Yes, it’s time for the spying eye of the taxman! The last date to file your I-T returns for the…
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