Capital gain refers to the profit earned from transferring a capital asset. Capital assets include both movable and immovable properties such as land, buildings, and residential houses. Any profit arising…
Under the Foreign Exchange Management Act (FEMA), Non-Resident Indians (NRIs) are not permitted to continue operating a regular savings account in India after becoming non-residents. They must convert their existing…
The concept of ITR-U, also known as the Updated Return, was introduced in the Union Budget 2022 to help taxpayers correct mistakes made while filing their Income Tax Return or…
Non-Resident Indians (NRIs) are liable for Tax Deducted at Source (TDS) on income earned in India. As per the latest update issued by the Central Board of Direct Taxes (CBDT)…
In today’s global economy, many individuals earn income from multiple countries due to increasing international mobility and liberal economic policies. This often raises questions regarding the taxation of foreign income…
NRIs are individuals of Indian origin who live outside India for more than half of the financial year for purposes such as employment, education, business, or professional activities and intend…
Investing in US stocks has become increasingly popular among Indian investors due to access to global companies, portfolio diversification, and the possibility of higher returns. The US market offers investment…
India’s international taxation framework is changing rapidly, especially for non-residents, multinational businesses, and taxpayers claiming treaty benefits. With the shift from Form 10F to Form 41, the government is moving…
Although Non-Resident Indians (NRIs) live abroad, many continue to maintain strong financial ties with India. These connections often involve family responsibilities, inherited properties, rental income, investments, or long-term financial planning.…
The Foreign Liabilities and Assets (FLA) Annual Return is a mandatory compliance requirement for companies, LLPs, and specified entities that have received foreign investment in India or made investments outside…
Futures and Options (F&O) trading in stocks, currencies, or commodities offers strong earning potential but also brings tax responsibilities in India. Many traders fail to report their F&O profits and…
Taxation of YouTubers and Social Media Influencers With the rapid growth of social media and digital marketing, influencers have become a key part of the online ecosystem. From brand promotions…
Section 69: Tax on Unexplained Investments Section 69 of the Income Tax Act applies to investments made by an assessee where the source of funds cannot be satisfactorily explained to…
Tax Treatment of Employee Stock Purchase Plans (ESPPs) Interested in Employee Stock Purchase Plans (ESPPs)? These schemes allow employees to build wealth while aligning their interests with the company’s growth.…