Reasons why ITR filing becomes mandatory for NRIs

16 Apr, 2024

Reasons why ITR filing becomes mandatory f...

Under Indian income tax law, any individual earning an income exceeding the basic threshold of Rs 250,000 is required t...

Income Tax Notices to NRIs for cryptocurrencies and other data mismatch

12 Apr, 2024

Income Tax Notices to NRIs for cryptocurre...

NRI (Non-Resident Indians) are receiving notices from the income tax department under section 148 of the Income Tax Act...

CBDT Enables Easy Income Tax Filing for A.Y. 2024-25!

12 Apr, 2024

CBDT Enables Easy Income Tax Filing for A....

Dear taxpayers! We've got some exciting news hot off the press from the Central Board of Direct Taxes (CBDT), under the...

CBDT issues clarification regarding media reports to revisit cases related to HRA claims.

11 Apr, 2024

CBDT issues clarification regarding media ...

If you've been keeping an eye on recent news about the Income Tax Department's actions regarding House Rent Allowance (...

Claiming the Fake deduction of HRA could result in Interests and Penalties

10 Apr, 2024

Claiming the Fake deduction of HRA could r...

News has circulated that the income tax department is cracking down on thousands of taxpayers who have falsely claimed ...

Stamp Duty value applies on the date of agreement not on the date of Sale Deed

1 Apr, 2024

Stamp Duty value applies on the date of ag...

Facts of the case: The taxpayer filed their income return on August 27, 2015, declaring a total income of ₹5,93,52...

Air ticket, hotel stays, postage, conveyance, and photocopying charges are allowed as Transfer Expense to NRI

1 Apr, 2024

Air ticket, hotel stays, postage, conveyan...

Selling property can be quite challenging, whether you're an NRI or a resident of India. As an NRI, the first step is f...

Advance tax Provisions: Taxpayers who fails to pay and not liable to pay advance tax

15 Mar, 2024

Advance tax Provisions: Taxpayers who fail...

The final installment of advance tax for the year is approaching, due on March 15, 2024. As a taxpayer, you're required...

Income Tax Notices to NRIs and Procedure to file application before Dispute Resolution Penal (DRP)

15 Mar, 2024

Income Tax Notices to NRIs and Procedure t...

If you're an NRI (Non-Resident Indian), you need to file an income tax return for any income earned in India. Often, wh...

Foreign Tax Credit not to be disallowed due to Non-Filing of Form 67

11 Mar, 2024

Foreign Tax Credit not to be disallowed du...

Amit, who is resident in India, worked with Ernst & Young Australia during the financial year and. Since he is an I...

Benefits of DTAA cannot be denied for not providing Tax Residency Certificate (TRC) only

11 Mar, 2024

Benefits of DTAA cannot be denied for not ...

In today's interconnected world, people are not limited to earning income solely in their own area, city, state, or cou...

How to prevent fund blockage during sale of property by NRIs through application of a lower TDS certificate

11 Mar, 2024

How to prevent fund blockage during sale o...

As an Non-Resident Indian (NRI), selling your property involves several crucial considerations. First and foremost, und...

Income tax on Rental income of NRI and Rate of TDS on NRI

26 Feb, 2024

Income tax on Rental income of NRI and Rat...

Acquiring property in India has become common among Non-Resident Indians (NRIs) due to the general permission granted t...

26 Feb, 2024

Repayment of Home Loan by NRIs from NRO or...

In cities like Gurgaon, Pune, Faridabad, and Bangalore, the number of immovable properties owned by NRIs is significant...

NRIs should Convert Saving Bank Account to NRO/NRE Account and the Consequences of Not Doing So

26 Feb, 2024

NRIs should Convert Saving Bank Account to...

If you're an Indian resident moving to places like the USA, Singapore, Canada, or the UK for work, studies, or business...

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