Capital Gain in case of Compulsory Acquisition of an Asset

1 Dec, 2022

Capital Gain in case of Compulsory Acquisi...

Income tax on capital gain is one of the hot topic, that everyone wants to discuss including non-residents. Capital gai...

Benefits and Tax Treatment of Life Insurance Policy

29 Nov, 2022

Benefits and Tax Treatment of Life Insuran...

The life insurance policy can be defined as a contract between an insurer and policyholder where an insurer promises to...

Determine the period of holding for Capital assets

25 Nov, 2022

Determine the period of holding for Capita...

Under the capital gain the period of holding is an important criteria to determine Long term capital gain and Short ter...

A brief history of Income tax in India and its extraordinary limbs

19 Sep, 2022

A brief history of Income tax in India and...

It is said that Nothing is certain except death and taxes. This statement is true because we can make an effort to avoi...

Tax rate and the relevant provisions applicable to the NRI selling property in India

5 Sep, 2022

Tax rate and the relevant provisions appli...

The selling of immovable property i.e land and building by the non-resident is becoming common in megacities like Delhi...

GST provisions applicable to Non-residents in India

26 Aug, 2022

GST provisions applicable to Non-residents...

Goods and services tax (GST) has come into effect on 01st July 2017 with significant indirect tax reform in the country...

Complete details about the Casual Taxable Person under GST

23 Aug, 2022

Complete details about the Casual Taxable ...

The casual taxable person is defined as a person who undertakes the transaction occasionally involving the supply of go...

All about GST Registration, Process and Procedure

18 Aug, 2022

All about GST Registration, Process and Pr...

GST registration applies to all individuals, HUFs, companies and other taxable persons supplying taxable goods and serv...

How to determine that an Individual is NRI

17 Aug, 2022

How to determine that an Individual is NRI

The Indian income tax law determines the NRI status on the basis of the number of days an individual stays in India, no...

Determine residential status of NRI and Non-NRI Individual

16 Aug, 2022

Determine residential status of NRI and No...

Determination of residential status is equally as important as the calculation of income tax liabilities. Even before t...

Addition cannot be made under section 56(2)(viib) where AO does not dispute or question the financial, technical and professional credentials of the venturists

9 Aug, 2022

Addition cannot be made under section 56(2...

Facts of the case: Mais India Medical Devices Private Limited (MAIS India) was incorporated in the year 2012 under a...

There is no restriction on NRIs taking cash gifts from family members

8 Aug, 2022

There is no restriction on NRIs taking cas...

Facts of the case The assessee is an NRI and he has deposited cash of Rs.1144000 in his bank account. He has been a ...

Residential status of Indian and Foreign company

11 Jun, 2022

Residential status of Indian and Foreign c...

The residential status of the company is determined as per section 6(3) of the income tax act 1961. Residential status ...

All about the LUT under GST

11 Jun, 2022

All about the LUT under GST

Export of goods and services is the focus area of the government. India is a member of the World trade organization (WT...

GST on Export of Services

11 Jun, 2022

GST on Export of Services

The service sector is the fastest and largest growing sector in India. India is among the top 10 service exporter count...

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