Apply PAN card for Foreign Citizen

20 May, 2024

Apply PAN card for Foreign Citizen

A Permanent Account Number (PAN) is a 10-digit unique identification number issued by the Income Tax Department of Indi...

Foreign Tax Credit is Allowable Even Form 67 is filed After the Due Date of Income Tax Return

17 May, 2024

Foreign Tax Credit is Allowable Even Form ...

The case involves an assessee who is a Resident and ordinarily Resident under Indian Income Tax law and also a tax Resi...

SFT- Statement of Financial Transaction- Form 61A

17 May, 2024

SFT- Statement of Financial Transaction- F...

The Annual Information Return (AIR) Scheme, which began on April 1, 2004, mandated certain entities to report specific ...

Indexed Cost of Acquisition based on the payments made beginning from Date of Allotment

15 May, 2024

Indexed Cost of Acquisition based on the p...

In a recent ruling by the Income Tax Appellate Tribunal, Delhi Bench, a significant decision was made regarding the com...

NRI ITR filing for assessment year 2024-25: Income Tax Return Filing For NRI

13 May, 2024

NRI ITR filing for assessment year 2024-25...

Filing income tax returns for NRIs has become crucial for the assessment year 2024-25, considering the previous year's ...

FAQs on Tax on Rental Income of NRI

9 May, 2024

FAQs on Tax on Rental Income of NRI

1. What is the TDS rate applicable to property rented by an NRI? The TDS rate applicable to property rented by an NR...

TDS on Rent paid to NRI, Tax Planning for NRIs on Rental Property

9 May, 2024

TDS on Rent paid to NRI, Tax Planning for ...

These days, NRIs are increasingly investing in India, driven either by economic growth opportunities or emotional ties,...

Essential Documents for NRIs: A Guide to ITR Filing

8 May, 2024

Essential Documents for NRIs: A Guide to I...

Introduction: Filing Income Tax Returns (ITR) is not just a responsibility for residents; Non-Resident Indians (NRIs...

Guide to ITR Filing for AY 2024-25: Essential Documents and Tips for Taxpayers

8 May, 2024

Guide to ITR Filing for AY 2024-25: Essent...

Introduction: As the ITR filing season for Assessment Year (AY) 2024-25 kicks off, taxpayers, whether residents or N...

Income Tax Order U/s 148A(d) to NRIs for Investment in Fixed Deposits & Mutual Funds via NRE Account us in invalid

3 May, 2024

Income Tax Order U/s 148A(d) to NRIs for I...

In recent times, it has become increasingly common for the income tax department to send notices to Non-Resident Indian...

NRI can file appeal before CIT(A) if the DRP rejects objection due to AO having issued final order.

29 Apr, 2024

NRI can file appeal before CIT(A) if the D...

For NRI taxpayers, when their income is scrutinised by the income tax department and a draft assessment order is issued...

No Income tax on Salary earned in Australia by NRIs

25 Apr, 2024

No Income tax on Salary earned in Australi...

Facts of the case: ​During the assessment year 2020-21, an employee of Nokia Solutions and Networks India Private ...

NRIs with income below Rs 50 lakhs: Notice U/s 148 after 3 years is invalid.

25 Apr, 2024

NRIs with income below Rs 50 lakhs: Notice...

The facts of the case are as follows: ​ The assessee is an individual and an NRI. ​ During the assessment ye...

What NRIs Need to Know Before Selling Property in India

25 Apr, 2024

What NRIs Need to Know Before Selling Prop...

When an NRI (Non-Resident Indian) chooses to sell property in India, it's not just a simple transaction. It's a big dec...

Understand ITR Forms 1,2,4,6 for AY 2024-25: A Comprehensive Guide

18 Apr, 2024

Understand ITR Forms 1,2,4,6 for AY 2024-2...

The Income Tax Department has recently enabled the filing of ITR-1, ITR-2, ITR-4, and ITR-6 for Assessment Year (AY) 20...

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