Yogesh sood, A NRI living in the US filed a fraud case against his brother who attempted to claim his parental property by preparing a forged will. Yogesh sood had registered a complain at NRI police station under section 420(cheating), 448(punishment…
Read more
Residential status is dynamic and needs fresh determination for each financial year. Residential status in India is determined based on physical presence in India in the current financial year (FY) and the preceding 10 FYs. If the individual satisfies any…
Read more
In case of joint ownership of a property, the rental income earned on the same is required to be split between the co-owners in the ratio of their shares, if it is definite and ascertainable. However, if the whole amount…
Read more
The government Monday exempted from income tax the interest payable on rupee-denominated bonds issued outside India by a company or a trust to a non-resident or a foreign company, a move aimed at increasing dollar inflow. The interest would be…
Read more
Real estate and gold have traditionally formed a large chunk of Indian investors’ portfolios. However, over the past few years, returns from them have been poor to negative. Apart from keeping gold or real estate for self-use, investments in these…
Read more
If demonetisation’s impact on tax base has been below the high expectations, the goods and services tax (GST) seems to have done far better. As the comprehensive indirect tax has opened new channels of audit trails, crores of new taxpayers…
Read more
Investors, who took exposure to leveraged non-resident rupee deposit products in India and stand to lose heavily from the recent fall in the rupee, told Gulf News that banks sold these products as simple fixed deposits and now they stand…
Read more
We’re going to touch the topic of probate, what it is and what is its importance, but first you should know a bit about Wills. A Will is a legal document by which a person, the testator, expresses his/her wishes…
Read more
The number of income tax return (ITR) filings surged 71 per cent to 5.42 crore till August 31— the last date for submission for financial year 2017-18. This was led by a massive eight-fold jump in returns filed by entities…
Read more
What is a Will? A Will is a legal document by which a person, the testator, expresses his/her wishes as to how his/her property is to be distributed at the time of their death. Will is one of the simplest instruments used to…
Read more