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In the past, obtaining an Income-Tax Clearance Certificate (ITCC) was essential for various transactions, such as submitting bids for government projects, registering real estate, and renewing licenses for import/export, postage, and shipping. However, with the liberalization of tax regulations, these requirements have been largely eliminated. Today, the only number that taxpayers need to include in [...]

If you are responsible for deducting Tax Deducted at Source (TDS) on various payments, obtaining a TAN (Tax Deduction and Collection Account Number) is mandatory. TAN is required to ensure that the tax deducted is correctly recorded and reported to the Income Tax Department. This guide will walk you through the process of applying for [...]

A Non-Resident Taxable Person (NRI) under the Goods and Services Tax (GST) regime refers to any individual, business, or organization that occasionally engages in transactions involving the supply of goods or services in India without having a fixed place of business or residence within the country. Foreign entities or individuals supplying goods or services to [...]

Returning to India as a Non-Resident Indian (NRI) involves several financial and tax considerations. Understanding the tax implications, planning strategically, and complying with Indian regulations can ensure a smooth financial transition. This article highlights the essential aspects of tax planning for NRIs returning to India. Understanding Residential Status Your residential status under the Indian Income [...]