In this blog, I want to mention few important tasks or changes NRIs should do immediately to maintain clean records with Indian Income Tax Department. I have seen many NRIs who have received notices from Indian Income Tax Department in spite of the fact they were not liable to file tax returns in India. It […]
If you are an NRI selling a property in India or a buyer buying a property from NRI seller then this video is for you. Here is a guide addressing the taxation aspects in India when a NRI sells a property. This video includes Various tax-related considerations that arise during the sale of a house [...]
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A taxpayer normally pays off his tax liabilities to the Income Tax Department after the end of the relevant financial year. But in case of advance tax payment, the tax is paid between the financial year. What is the Concept of Advance Tax ? When a taxpayer pays his tax liability of a particular financial […]
Finance Bill, 2023 1. Proposed Changes in Tax Rates In the alternate tax regime under Section 115BAC, a revision to the basic exemption limit and the number of slabs has been proposed. The revised basic exemption limit shall be INR 3,00,000 and for every additional INR 3,00,000 of income, the next slab rate will be [...]
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