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If the payee qualifies as an NRI during the relevant financial year, the payer is required to deduct TDS at a specified rate on the taxable income of the payee It is advisable to document the gift through a gift…
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The tax season is back with a bang. This is the time when salaried individuals start getting their Form 16 TDS certificates from employers and business people get reminders from their chartered accountants to prepare for tax filing. As of…
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A Non- Resident Indian (NRI) who has income, that is earned or accumulated in India, is liable for taxation. Section 195 of the Income Tax Act covers Tax Deducted at Source (TDS) on payments made by NRIs. The rate &…
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