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It is said that Nothing is certain except death and taxes. This statement is true because we can make an effort to avoid all incidents, but death and taxes cannot be avoided. It is well-known fact that nothing is free in any country. Anything that you receive in form of infrastructure, roads, bridges, parks, and …

Continue reading “A brief history of Income tax in India and its extraordinary limbs”

The selling of immovable property i.e land and building by the non-resident is becoming common in megacities like Delhi, Gurgaon, Mumbai and Bangalore. People are being shifted to foreign countries permanently and they are selling their properties and taking the sale consideration out of India. Selling property is a time taking process and it needs …

Continue reading “Tax rate and the relevant provisions applicable to the NRI selling property in India”