NRIs To Pay Tax On Gifts Received From India
July 18, 2019
As per the latest Indian budget, all the Non-Resident Indians (NRIs) living in the U.S. will be required to pay taxes on gifts received by them
No more PAN woes for foreign cos?
January 21, 2016
on No more PAN woes for foreign cos?
To facilitate ease of doing business with India, the I-T Simplification Committee has stated that if a non-resident does not furnish PAN details, it should not
Are you eligible for schemes under ambitious Startup Action Plan?
January 20, 2016
on Are you eligible for schemes under ambitious Startup Action Plan?
Many entrepreneurs were excited by the announcements made by Prime Minister Narendra Modi as part of the Startup India Action Plan. There’s no doubt the
Prime Minister Narendra Modi starts up new business era with tax breaks and mega fund
January 18, 2016
on Prime Minister Narendra Modi starts up new business era with tax breaks and mega fund
The government on Saturday unveiled a raft of measures - ranging from tax waiver for three years, ending inspector raj and a mega fund — to help boost the
Income Tax dept call Center to Solve taxpayers queries related to Refund, ITR V Status etc
March 17, 2011
Income Tax dept call Center to Solve taxpayers queries related to Refund, ITR V Status etc Update on CPC – Call Center To assist taxpayers a call center with
Finance Minister dedicates the centralized processing center (CPC) of the Income Tax Department, Bengaluru to the Nation
June 1, 2010
The introduction of electronic filing of I-T returns, e-payment of taxes, establishment of the national network (TAXNET), and consolidation of the Regional
Simple Guide – Incomes which are tax-free under the Indian Income Tax Act, 1961
July 29, 2009
Jul 29, 2009 Income Tax 1. Agricultural income: Any income which you receive as income from any agricultural activity is deemed as not included in total
Implications of not filing an Indian Tax Return
July 23, 2009
One of the most important duties of an individual is to file the Income Taxes. In India the due date for filing tax return is July 31 every year, while March
Special Provisions Applicable to Non-resident Indians
July 16, 2009
With a view to attract investment by Non-resident Indians (NRIs) and Indian Nationals living abroad, certain reliefs, exemptions and incentives have been
Submission of ITR V and Issues related thereto
June 26, 2009
Jun 4, 2009 Income Tax It has been proposed under the IT Circular 3/2009 that if the return is electronically furnished under a digital signature, the