Who Needs to Register for GST in India?
What is GST Registration? GST registration refers to the process through which a business obtains a GSTIN (Goods and Services Tax Identification Number) under the Goods and Services Tax (India) framework. This registration allows a business to legally collect GST from customers and claim input tax credit on purchases. Under GST law, businesses whose turnover […]
Reverse Charge Mechanism (RCM) under GST – Complete Guide for Businesses
The Reverse Charge Mechanism (RCM) under GST is an important provision where the recipient of goods or services becomes responsible for paying GST instead of the supplier. Under the normal GST system, the supplier collects GST from the buyer and deposits it with the government. However, in certain situations defined under GST law, the tax […]
Important NRI Compliance Checks You Should Not Overlook in India
Non-Resident Indians must ensure proper compliance with Indian tax and regulatory requirements. The following key checks help maintain transparency, avoid penalties, and safeguard financial interests in India. 1) Confirm Residential Status Every Financial Year Residential status forms the basis of taxability in India. It is determined by the number of days stayed in India during […]
How Resident Indians Can Save Capital Gains Tax on Sale of House Property
Selling a residential house property often results in substantial capital gains, and without proper planning, the tax outgo can be significant. Many resident taxpayers assume that once tax is deducted at source (TDS), their tax obligation is over. In reality, this is only the beginning of the tax computation process. The Income-tax Act, 1961 provides […]
How NRIs Can Save Capital Gains Tax on Sale of House Property in India
Non-Resident Indians (NRIs) selling residential house property in India often face a significant tax burden due to high Tax Deducted at Source (TDS) and the absence of indexation benefits. Many sellers assume that the tax deducted by the buyer is the final tax liability. However, this assumption is incorrect. Indian income tax law provides specific […]
GST Registration in India (2026): Eligibility, Documents, Process & Fees – Complete Guide
GST Registration is the process through which a business becomes registered under India’s Goods and Services Tax system. Once registered, the business receives a Goods and Services Tax Identification Number (GSTIN) that allows it to legally collect GST from customers and claim Input Tax Credit (ITC) on purchases. Under the GST law, businesses crossing certain […]
GST RETURNS IN INDIA: TYPES, DUE DATES, AND FILING PROCESS (COMPLETE GUIDE 2026)
Businesses registered under the Goods and Services Tax (GST) regime in India must regularly file GST returns. These returns provide a record of a business’s sales, purchases, tax collected, input tax credit (ITC), and GST payable. GST return filing is an important compliance requirement. Filing returns on time ensures that businesses remain compliant with tax […]
Budget 2026: Key TCS and Indirect Tax Changes Affecting NRIs
The Union Budget 2026 introduces several changes that indirectly benefit Non-Resident Indians (NRIs). While many of these amendments primarily apply to residents making payments or remittances from India, they significantly influence financial transactions involving NRIs—especially remittances, overseas spending, and property transactions. These reforms aim to reduce compliance burdens, improve liquidity, and simplify cross-border transactions involving […]
Budget 2026 for NRIs: Major Changes in NRI Property Sale, TDS & Tax Compliance
The Union Budget 2026 has introduced important tax reforms and compliance relief measures for Non-Resident Indians (NRIs). If you are an NRI living in the USA and planning to sell property in India, these Budget 2026 NRI updates directly impact your transaction. While capital gains tax rates remain unchanged, the government is trying to […]
Selling Property in India? Complete Guide to Capital Gain Tax in India for NRIs in USA (2026)
If you are an NRI living in the United States and planning to sell property in India, understanding capital gain tax in India for NRIs in USA is extremely important. Many NRIs assume taxation works the same way as for resident Indians — but that is not true. This guide explains everything you need to […]