The Budget 2022 will be the year when Digital Assets started to be taxed! A new acceptance. Let’s check what Union Budget 2022 has for us as an investor? Here is the main highlights of Budget 2022 Impact on Savings Investments & Tax. Common Men’s Sec 80 C (sometime I wonder if “C” in SectionRead More
Tax
NRI PAN Card & FAQs
Every individual in India needs to have a PAN card to make financial transactions. It can be a purchase of a property, the opening of an NRE bank account, or filling ITR to get a refund of TDS. Today we aim to deal with rules related to a PAN card issued to an NRI. Let’sRead More
Capital Gain Taxation for NRIs
NRIs have different taxation rules compared to residents. Residents pay tax on income earned in India & globally. Whereas NRI needs to offer only global income for taxation. Taxation matters get complex when NRI is investing in India and has to pay tax on Capital Gain. Here is a small dossier on the treatment ofRead More
Advance Tax – When & How it is due?
As the term suggests, advance tax means paying taxes in advance. In India, if you are expecting that your income will result in paying tax to the government, it needs to be deposited periodically. This is done according to a set schedule before the financial year ends. What is the logic of charging Advance Tax?Read More
All About TDS for NRIs – Section 195 Details
NRIs are subject to TDS on income that is earned or accumulated in India. This income is offered for taxation hence certain rules under Section 195 of Income Tax, decide TDS for NRIs. But as the source of income can vary, so are the rules and rates of TDS for NRIs. There are 2 sections-Read More
Checklist for Filing ITR & Our Offer
ITR work has started. First, the COVID 19 and then the Income Tax Website being fully refurbished and new launch. It is taking time to stabiles but yes – work resumed. The last day of filing ITR for FY 2020-21 is 30 Sept 2021 until extended again (which we think can be delayed further). HereRead More