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An NRI is taxable on the following types of Income given below:
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In India, you can avoid the tax on the property by reducing the tax scale and by the use of specific exemptions which are provided under sections 54, 54EC, and...
If you file your Income tax return late, then under section 234F of the Income Tax Act, you have to pay the maximum penalty of INR 5,000 under section 139(1)....
Given below are some common mistakes made by the applicant when claiming 87A to avoid notices from the Income Tax department: Not filing the correct information: If the applicant is...
Here are some of the disadvantages of forming an HUF: It impacts the partition distribution to the HUFs. Have complex compliance. Only a limited number of persons can apply under...
Given below are some of the major differences between sections 54 and 54F: -Section 54 grants to calim a full exemption on the whole capital gains that have to be...
A rebate is a benefit in taxes which are provided to middle to low-income earners. It is only applicable to resident individuals who are earning income under the 10% slab...
The tax implications of an NRI from the Income from salary are -If NRI gets any salaries from the services provided in India. -Any form of salary received by an...
To fill an income Tax return for the salaried employees, you need to submit the following documents given below: -You need to submit your valid PAN card -Provide a...
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