July 31, 2019 is the last day to file income tax return (ITR) for FY2018-19 without penalty. If you file your return after midnight i.e. after July 31, then you would have to pay a late fee of upto Rs…
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The income tax return (ITR) forms for FY 2018-19 notified by the government are different from those used to file the previous year’s returns. Some of the changes in the forms have been done in keeping with the changes in…
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Non-resident Indians have a plethora of investment options and have to choose the one that suits them best.Every NRI has surely been troubled by this question: should I invest in India or should I not? A complex cocktail of emotions…
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The Indian real estate market is considered as one of the beneficial investment for NRIs. The challenge for NRIs is to look for a property to invest. On one hand, with rupee touching all-time lows against the dollar, investment in…
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The taxes collected from the individuals is the foundation of the Indian Economy. Even though, NRIs live in abroad, they still have a source of income in India. So, they are also liable to pay Income Tax in India. NRI…
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Tax filing season has already begun and the due date to file your ITR for FY 2018-19 is set at July 31, 2019. As taxpayers are getting their financial documents ready to file their ITR, NRIs also wonder whether or…
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Financial planning is slowly getting to be as commonplace as a commodity, though there are subtle underlying complexities. These could be factors like life expectancy, return expectations and rate of inflation, to name a few. For a non-resident Indian (NRI),…
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Going by the Budget 2019 proposals, a salaried individual with gross total income up to Rs 7.75 lakh can invest in various tax saving avenues and avail of different deductions to reduce taxable income to Rs 5 lakh and consequently…
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The interim finance minister abolished income tax on notional rent from the second self-occupied house, benefiting those with two houses but no outstanding loan on the second one. “Since most people don’t have housing loans running on their self-occupied second…
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Non-resident Indian property investors and buyers stand to benefit significantly from an impending tax cut that has been proposed by a panel in a bid to give the much-needed fillip to the lackluster Indian real estate sector. The possible Good…
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