The government is working on pre-filled Income-Tax returns using TDS data available with it. When did this idea originate? What are its advantages, and what are some of the concerns articulated by critics? In late 2002, when the then Finance…
Read more
Under the India income-tax law, if the seller qualifies as non-resident in India during the relevant financial year, the buyer is required to deduct TDS (tax deducted at source) at specified rate (plus applicable surcharge and health and education cess)…
Read more
As 2018 comes to an end, a quick run-down of the main tax changes implemented during the year would help us in our tax planning and saving efforts. Most tax changes are usually proposed in the Budget (presented in February)…
Read more
A recent court ruling may help some tax evaders go scot-free for concealing foreign income or assets. At the very least, the judgement passed by the Delhi High Court earlier this month is likely to make it difficult for the…
Read more
After implementing path breaking Goods and Services Tax (GST), changing the cumbersome and archaic Income Tax Act is the next big agenda of Prime Minister Narendra Modi-led Union Government. While addressing the tax officials’ annual conference in September last year,…
Read more
The Income-Tax Appellate Tribunal (ITAT) has said NRIs do not need to reveal details of their foreign bank accounts and assets to Indian authorities. The tribunal has also ruled that the onus is on the I-T Department to prove an…
Read more
Dematerialisation offers you flexibility along with security and convenience. Nowadays, holding share certificates in physical format carries risks like certificate forgeries, loss of important share certificates, and consequent delays in certificate transfers. Dematerialisation eliminates these hassles by allowing customers to…
Read more
NRIs are in general very tax compliant in their host countries but due to lack of knowledge or sheer inertia at times they tend to overlook the taxation aspect in India. Some of the common mistakes that they should avoid…
Read more
New Delhi, Oct 9 (PTI) A SEBI panel may soon suggest merger of foreign portfolio investment and NRI/OCI routes to bring in a single regime for foreign investors and regulate NRI fund inflows, senior officials said. Besides, the panel may…
Read more
An NRI vacation is not always like a day at the beach. As you plan a trip to India, there are many tasks that keep running in your head. To help you plan and organize your tasks better we made…
Read more