Section 148A of Income Tax Act – Complete Guide to Section 148A
Section 148A of Income Tax Act – Complete Guide to Section 148A Section 148A of the Income Tax Act was introduced in Budget 2021 and brought major changes to the…
What is a Hindu Undivided Family (HUF)? Features & Tax Benefits
What is a Hindu Undivided Family (HUF)? Features & Tax Benefits HUF stands for Hindu Undivided Family. It is treated as a separate legal entity under the Income Tax Act…
DTAA Explained: How NRIs Can Claim Tax Benefits & Avoid Double Taxation
DTAA Explained: How NRIs Can Claim Tax Benefits & Avoid Double Taxation An individual’s residential status plays a major role in deciding how their income is taxed in India. Non-Resident…
Restricted Stock Units (RSUs): Meaning and Taxation
Understanding Restricted Stock Units (RSUs) and their taxation is important for making informed financial decisions. RSUs are a type of employee compensation where employers grant company shares to employees under…
Tax on Intraday Trading in India: Gains, Losses & ITR Rules
Tax on Intraday Trading in India: Gains, Losses & ITR Rules Understanding the tax treatment of intraday trading is important for every trader involved in buying and selling shares within…
What Happens if You Don’t File Your Income Tax Return (ITR)
What Happens if You Don’t File Your Income Tax Return (ITR)? Filing your Income Tax Return (ITR) within the due date is mandatory for eligible taxpayers. Failure to file your…
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 asset. However, there are several legal provisions and investment options available…
NRO Account Taxation in India: Interest, TDS & ITR Filing Rules
NRO Account Taxation in India: Interest, TDS & ITR Filing Rules Non-Resident Indians (NRIs) can continue to maintain bank accounts in India even after moving abroad. Among the available options,…
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 properties such as land, buildings, and residential houses. Any profit arising…
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 after becoming non-residents. They must convert their existing…
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 correct mistakes made while filing their Income Tax Return or…
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 the latest update issued by the Central Board of Direct Taxes (CBDT)…
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 the taxation of foreign income…
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 employment, education, business, or professional activities and intend…