The Double Taxation Avoidance Agreement assists NRIs who work abroad in avoiding paying double taxes on income received in both their home country and India. India has this arrangement with…
The Income Tax Act of 1961 does not define the term "Expatriate Tax." However, in general, an expatriate is someone who lives outside of his country of origin or in…
Every year, the finance minister announces income tax slabs in India. There are currently two different Income Tax regimes. Tax breaks are no longer available under the new regime. Tax…
GST will significantly boost the government's 'Make in India' initiative by making goods and services produced or provided in India competitive in national and international markets. Furthermore, all imported goods…
Buyers must now pay the Goods and Services Tax (GST) on maintenance fees as well as the GST on any property acquisition. In this article, we will discuss ‘GST on…
The Food Safety and Standards Act, 2006 was implemented by the Government of India in order to regulate and prevent the food industry. The Food Safety and Standard Act of…
It is true that owning a property in a construction project has more benefits than purchasing a ready-to-move-in property. In this article, you will learn about the numerous rules relating…
On February 1, 2020, Finance Minister Nirmala Sitharaman presented the Annual Budget 2020. The new tax regime was first implemented in the preceding budget. In this article, you will learn…
The taxability of gifts is a popular and frequently asked subject among taxpayers. In this article, you'll learn about the numerous rules relating to the ‘TAX ON SALE OF PROPERTY…
NRIs while selling their house properties in India must pay tax on the Capital Gains. The tax payable on the gains depends on whether it is a short-term or a…
Introduction: Over the past decades, the growing concern over climate change, energy independence, and securities of energy supply have accelerated the path to the decarbonization of the transport sector. this…
Taxation of individuals in India is primarily based on their residential status in the relevant tax year. The taxability of an individual in India depends upon his residential status in…
Dissolution of a Partnership Firm: Dissolution of the partnership firm refers to the situation where all the relation between a firm and its partners comes to an end. It is…
Defective ITR U/S 139(9) A defective return u/s 139(9) reveals that a taxpayer has made any mistakes or found any incomplete or inconsistent information in ITR (Income Tax Return). If…