Capital Gains Tax on Sale of Property by NRIs in India: A Simple and Detailed Guide

27 May, 2025

Capital Gains Tax on Sale of Property by N...

If you are a Non-Resident Indian (NRI) and you plan to sell a property in India, it is important to understand the taxe...

Income Tax Return (ITR) Filing for AY 2025-26 – Documents Required & New vs Old Tax Regime Comparison

27 May, 2025

Income Tax Return (ITR) Filing for AY 2025...

The Income Tax Return (ITR) filing season for the Assessment Year (AY) 2025-26, which corresponds to income earned duri...

LLP Form 11: The Complete Guide to Annual Return Filing for LLPs

27 May, 2025

LLP Form 11: The Complete Guide to Annual ...

Limited Liability Partnerships (LLPs) have emerged as a preferred business structure for entrepreneurs and professional...

Why It Is Important for NRIs to File Income Tax Returns in India

26 May, 2025

Why It Is Important for NRIs to File Incom...

For many Non-Resident Indians (NRIs), the idea of filing income tax returns (ITR) in India might seem unnecessary, espe...

Understanding RNOR Status in India: Eligibility, Exceptions, and Tax Benefits

26 May, 2025

Understanding RNOR Status in India: Eligib...

As the Income Tax Return (ITR) filing season approaches, it is crucial for individuals, especially those returning from...

When NRIs Are Not Required to Quote PAN in India: Exemptions You Should Know

26 May, 2025

When NRIs Are Not Required to Quote PAN in...

IntroductionNon-Resident Indians (NRIs) often face confusion when dealing with financial or legal transactions in I...

PAN Quoting: Know Where It Is Mandatory Under Rule 114B of the Income Tax Act

26 May, 2025

PAN Quoting: Know Where It Is Mandatory Un...

In India, the Permanent Account Number (PAN) is a ten-digit alphanumeric identifier issued by the Income Tax Department...

Income Tax Rate on Short-Term and Long-Term Capital Gains on Shares and Mutual Funds For FY 2024-25 (AY 2025-26)

21 May, 2025

Income Tax Rate on Short-Term and Long-Ter...

India’s capital gains tax structure underwent notable revisions in the Union Budget 2024-2025, especially concerning ...

Section 194T – New TDS Provision for Partnership Firms and LLPs from April 1, 2025

21 May, 2025

Section 194T – New TDS Provision for Partn...

The Income Tax Department has introduced a major change that impacts partnership firms and LLPs in India starting from ...

NRI ITR Filing in India: What to Do When ITR Utilities Are Not Yet Issued

21 May, 2025

NRI ITR Filing in India: What to Do When I...

For many Non-Resident Indians (NRIs), the income tax filing season in India can be a confusing and time-sensitive task,...

Mumbai ITAT Rules in Favor of Assessee on Long-Term Capital Gains from Penny Stock Shares

8 May, 2025

Mumbai ITAT Rules in Favor of Assessee on ...

Background of the CaseThe case involved Jayesh Sojpar Karnia HUF, who had filed an appeal against the order passed ...

Who Can File ITR-1 (Sahaj) in AY 2025-26? Eligibility, Due Date, Documents & Tips

8 May, 2025

Who Can File ITR-1 (Sahaj) in AY 2025-26? ...

The Income Tax Return Form ITR-1, also known as Sahaj, is specifically designed for resident individuals with straightf...

ITAT Quashes Rs. 103 Crore Demand Against Auto-Rickshaw Driver in Accommodation Entry Case

1 May, 2025

ITAT Quashes Rs. 103 Crore Demand Against ...

In an important ruling by the Income Tax Appellate Tribunal (ITAT), Mumbai, the case of Surendra Kumar Rajmani Mishra v...

TCS on Luxury Goods Above Rs.10 Lakh: CBDT Notification 36/2025 Explained

1 May, 2025

TCS on Luxury Goods Above Rs.10 Lakh: CBDT...

The Central Board of Direct Taxes (CBDT) has issued Notification No. 36/2025 dated 22nd April 2025, bringing important ...

How Notification 38/2025 Changes Business Expense Claims Under Section 37 of Income-tax Act

1 May, 2025

How Notification 38/2025 Changes Business ...

The Central Board of Direct Taxes (CBDT) has issued Notification No. 38/2025 dated 23rd April 2025, introducing importa...

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