Taxation Genral Discussion

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  • Do I Need to Pay Tax in India if I Live Aboard?

    No, you don't need to pay tax in India if you are living abroad and earning money from foreign income sources. However, if you are generating a taxable income from...

     
    AS Last reply by aastha sankhla
    • 3 Replies
  • What is the TDS Limit for Senior Citizens?

    The TDS limit for new senior citizens is doubled now. Previously, it was 50,000 INR, and now it is 1,00,000 INR every financial year. This will help the elderly person...

     
    L Last reply by Lokesh
    • 2 Replies
  • What are the Key Changes Introduced by the Income Tax Bill 2025 Concerning NRIs?

    The New Income Tax Bill 2025 leaves the tax residency rules unchanged. This bill was introduced in the Indian parliament on 13 February 2025. There are some concerns that NRIs...

     
    AB Last reply by Aniket Bansal
    • 3 Replies
  • How Many Types of Direct Tax are There in India?

    There are many types of direct taxes imposed by the central government of India, which are:    Income Tax: This type of tax is imposed on the Hindu undivided families...

     
    NK Last reply by Neel Kaul
    • 3 Replies
  • What is the Form 67 in India?

    Form 67 is an important document by which residents can claim the tax deducted in a foreign state. This form must be furnished to claim the FTC by a taxpayer,...

     
    L Last reply by Lokesh
    • 7 Replies
  • What are the FEMA Rules for NRI Accounts?

    Here are some of the FEMA rules for NRI given below:    Repatriation and Remittance rules: An NRI must know the rules for repatriation and remittance for the income earned...

     
    NB Last reply by Nikita Banerjee
    • 4 Replies
  • What Remedies are Avaliable if DTAA Benefits were Not Claimed in the Original Return?

    If DTAA benefits were not claimed on the original income tax returns, then some other ways will help you to get the benefits of double taxation.  Filing revised return section...

     
    DV Last reply by Deepa Verma
    • 3 Replies
  • What Forms Do I Need to File for Tax Purposes?

    The Income tax returns form depends on the income of the taxpayer and their type:    ITR: 1 (Sahaj) is filed by the salaried professional or individuals who have an...

     
    AR Last reply by Aishwarya Reddy
    • 4 Replies
  • What are Some of the Common Tax Mistakes to Avoid?

    Here are some of the top common mistakes that an applicant makes while filing an ITR.  Using the wrong Tax form: One of the common mistakes of applicants is filing an...

     
    SJ Last reply by Shubham Jain
    • 4 Replies
  • What is the 4 Year Rule for NRI?

    The 4-year rules of NRI are based on a person for a specific period of time in India. They should meet the following conditions given below:  They have stayed in...

     
    DS Last reply by Daksh Sinha
    • 2 Replies
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