How to Reduce Capital Gains Tax on Land Sale in India
How to Reduce Capital Gains Tax on Land Sale in India Anyone selling land in India is required to pay tax on the profit earned from the sale of the…
Short-Term Capital Gains Tax on Property – Rates, Calculation and Exemptions
Short-Term Capital Gains Tax on Property – Rates, Calculation and Exemptions Capital gain refers to the profit earned from transferring a capital asset. Capital assets include both movable and immovable…
NRE and NRO Account: Meaning, Difference and Taxation
NRE and NRO Account: Meaning, Difference and Taxation Under the Foreign Exchange Management Act (FEMA), Non-Resident Indians (NRIs) are not permitted to continue operating a regular savings account in India…
How to Upload JSON & File ITR-U (Updated Return) Online
How to Upload JSON & File ITR-U (Updated Return) Online The concept of ITR-U, also known as the Updated Return, was introduced in the Union Budget 2022 to help taxpayers…
Lower TDS Certificate for NRIs – Updated TDS Certificate Rules for NRIs
Lower TDS Certificate for NRIs – Updated TDS Certificate Rules for NRIs Non-Resident Indians (NRIs) are liable for Tax Deducted at Source (TDS) on income earned in India. As per…
Taxation of Foreign Source Income
Taxation of Foreign Source Income 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…
182 Days Tax Rule in India for NRIs
182 Days Tax Rule in India for NRIs NRIs are individuals of Indian origin who live outside India for more than half of the financial year for purposes such as…
Tax Implications of Investing in US Stocks
Tax Implications of Investing in US Stocks Investing in US stocks has become increasingly popular among Indian investors due to access to global companies, portfolio diversification, and the possibility of…
NRI Fund Repatriation: Important Financial Provisions Explained
NRI Fund Repatriation: Important Financial Provisions Explained Although Non-Resident Indians (NRIs) live abroad, many continue to maintain strong financial ties with India. These connections often involve family responsibilities, inherited properties,…
Form 144 (Form 27Q): TDS Return Filing for NRI Payments
Form 144 (Form 27Q): TDS Return Filing for NRI Payments Professional assistance for TDS return filing on payments made to Non-Resident Indians, including rent paid to NRI landlords, property purchases…
What is Form 144 / 27Q
What is Form 144 / 27Q? Filing Form 144 / 27Q is a legal requirement for any entity or organisation that deducts Tax Deducted at Source (TDS) on payments made…
Income Tax Form 144 (Earlier 27Q): Quarterly TDS Statement for Non-Residents
Form No. 144 – Statement of TDS on Non-Salary Payments to Non-Residents Form No. 144, introduced under Section 397(3)(b) of the Income-tax Act, 2025, is a quarterly statement used to…
Do NRIs Need to File ITR Without Income in India?
Do NRIs Need to File ITR Without Income in India? An individual who lives abroad for most of the year but holds Indian citizenship is classified as an NRI (Non-Resident…
Business Tax Filing: Types & Taxes Explained
Business Tax Filing: Types & Taxes Explained If you own a business, understanding tax filing requirements is essential. Every business is required to file tax returns, but the taxation system…