Taxability in India depends on residential status in India, source of income and place of receipt of income. Residential status in India is determined based on physical presence in India in the current financial year (FY) and preceding 10 FYs.…
Read more
If I have capital gains tax from selling shares of more than Rs 1 lakh, but no other income, will I have to file tax? I am a housewife and I trade in shares sometimes. —Leena Thakkar Obligation to file…
Read more
Who wants to risk loss or damage of vital documents such as driving licence, voter ID card or education certificates? Now keep all such documents safely inside your house and carry the e-copies easily on your phone using the DigiLocker…
Read more
The amendments to Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and seeking to set up a special dispensation for small sector enterprises, was passed by Parliament on Friday. The bill, which was…
Read more
The Indian parliament’s lower house, Lok Sabha, on Thursday passed a bill that proposes to amend the Representation of the People Act, 1951 to enable the overseas electors to appoint proxies to cast their votes in the elections to Lok…
Read more
First, we should know about the importance of a Will. I had shared few thoughts on Estate Planning in my last blog. In today’s blog, I will be sharing my thoughts on why majority of the people in India avoid…
Read more
Australia is working towards a big implementation of the India economic strategy, but the process would be more in the nature of a “slow burn” rather than a big splash. Releasing the strategy report, Australian high commissioner, Harinder Sidhu countered recent reports in the…
Read more
Individuals who have purchased property from non-residents find themselves grappling with several income tax-related challenges. To begin with, it’s difficult to determine the seller’s tax status (whether he is a resident or non-resident in India according to the I-T Act). This is…
Read more
Within a day of RBI hiking the key lending rate, banks have started raising interest rates which will increase EMIs for auto, home and business loans. Some big lenders including SBI, ICICI Bank and HDFC Bank had increased their Marginal…
Read more
The mouse that had quietly entered the Mumbai bull-ring more than two decades ago has taken about a quarter of a century to put the paper scrip finally out of business. About 2.3 per cent of India’s $2-trillionplus market capitalisation…
Read more