Introduction: Filing Income Tax Returns (ITR) is not just a responsibility for residents; Non-Resident Indians (NRIs) also need to comply with Indian tax laws for income earned in India. Whether you’re a working professional abroad, a student, or an entrepreneur, understanding the documents required for ITR filing as an NRI is crucial. In this blog, …
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Introduction: As the ITR filing season for Assessment Year (AY) 2024-25 kicks off, taxpayers, whether residents or Non-Resident Indians (NRIs), are gearing up to ensure a smooth and hassle-free process. Whether you’re a regular taxpayer or filing for the first time, it’s crucial to gather the necessary documents and understand the process to meet the …
Continue reading “Guide to ITR Filing for AY 2024-25: Essential Documents and Tips for Taxpayers”
In recent times, it has become increasingly common for the income tax department to send notices to Non-Resident Indians (NRIs) regarding their investments in fixed deposits and mutual funds. Typically, these notices begin with an inquiry under section 148A, aimed at verifying the source of income for transactions involving fixed deposits and mutual funds. If …
