Income Tax Provisions on Interest on Savings and Fixed Deposits

26 May, 2024

Income Tax Provisions on Interest on Savin...

Introduction Interest earned from savings and fixed deposits is a significant source of income for many individu...

Components of Salary

26 May, 2024

Components of Salary

The components of salary in industries are diverse, ranging from base pay and bonuses to benefits, incentives, allowanc...

Presumptive Tax Scheme for Business and Professional Income

26 May, 2024

Presumptive Tax Scheme for Business and Pr...

Presumptive taxation is a simplified tax scheme intended to ease the tax compliance burden on small businesses by allow...

Income Tax on Income from House Property, Rental Income

26 May, 2024

Income Tax on Income from House Property, ...

Introduction Income from house property primarily pertains to the revenue earned from letting out immovable property...

ITR filing for Fy 2023-24 (Ay 2024-25)

26 May, 2024

ITR filing for Fy 2023-24 (Ay 2024-25)

For the assessment year (AY) 2024-25, salaried employees in India must face a range of income tax provisions that influ...

How to File Form 11 of LLP

24 May, 2024

How to File Form 11 of LLP

Filing the annual return for your Limited Liability Partnership (LLP) is a crucial compliance task that must be complet...

A Guide for NRIs on Repatriation of Funds Out of India: Form 15CA & Form 15CB

22 May, 2024

A Guide for NRIs on Repatriation of Funds ...

Non-Resident Indians (NRIs) often need to transfer funds from India to their country of residence for various reasons s...

Why NRIs and OCIs Should File Income Tax Returns for AY 2024-25 (FY 2023-24)

22 May, 2024

Why NRIs and OCIs Should File Income Tax R...

As the Assessment Year (AY) 2024-25 approaches, Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) need ...

Taxpayers Charter: Expectation from Taxpayer and commitments of Income Tax Department

22 May, 2024

Taxpayers Charter: Expectation from Taxpay...

A Taxpayer Charter is a formal document that outlines the rights, obligations, and expectations of taxpayers and tax au...

Income Tax rules and ITR filing for Indian Seafarers/Merchant Navy Staff

21 May, 2024

Income Tax rules and ITR filing for Indian...

The income tax regulations pertaining to seafarers and merchant navy personnel are not distinct from those applicable t...

A Global Community of NRIs and PIOs living outside India

21 May, 2024

A Global Community of NRIs and PIOs living...

The Indian diaspora is one of the largest and most diverse in the world, with millions of Indian citizens living abroad...

How To Change Citizenship in Pan Card

20 May, 2024

How To Change Citizenship in Pan Card

Permanent Account Number (PAN) is a unique 10-digit identification number issued by the Income Tax Department to indivi...

Apply PAN card for Foreign Citizen

20 May, 2024

Apply PAN card for Foreign Citizen

A Permanent Account Number (PAN) is a 10-digit unique identification number issued by the Income Tax Department of Indi...

Foreign Tax Credit is Allowable Even Form 67 is filed After the Due Date of Income Tax Return

17 May, 2024

Foreign Tax Credit is Allowable Even Form ...

The case involves an assessee who is a Resident and ordinarily Resident under Indian Income Tax law and also a tax Resi...

SFT- Statement of Financial Transaction- Form 61A

17 May, 2024

SFT- Statement of Financial Transaction- F...

The Annual Information Return (AIR) Scheme, which began on April 1, 2004, mandated certain entities to report specific ...

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