Taxation
Expert Guide to Taxation for NRIs: Rules and Benefits in 2025
Navigating tax laws in India can be daunting, especially if you’re a Non-Resident Indian (NRI) with income earned in India. Understanding income tax for NRI is crucial for compliance and optimizing your tax filings. Whether you earn income from property rental, investments, or capital gains, being familiar with your tax obligations can save you time, […]
#capital gain tax for nri#income tax for nri#non resident indian taxation#nri taxation in india
Shivender
January 21, 2025 at 12:29 PM
How HUF Can Help You Save Income Tax
Managing taxes effectively is a key financial goal for every taxpayer. If you’re seeking a structured and legal way to reduce your tax liability, forming a HUF (Hindu Undivided Family) might be the solution for you. A HUF is a separate legal entity in the eyes of the Income Tax Department, especially prevalent in Indian […]
##HUF#benefits of huf#hindu undivided family#how to form huf#huf income tax#huf tax benefits#joint hindu family business#what is hindu undivided family
Shivender
January 21, 2025 at 12:10 PM
A Complete Guide to Choosing the Right ITR Form (FY 2024-25)
Filing an Income Tax Return (ITR) is an essential obligation for taxpayers in India. Determining which form to use amidst the various types of ITR can often be confusing. To ensure compliance and avoid penalties, it’s important to file the correct ITR form based on your income source, profession, and entity type. This guide explains […]
#types of itr#what is income tax return#what is itr 1 2 3 4 5 6 7#which itr form to file
Shivender
January 21, 2025 at 11:48 AM
CBDT Notification Offers Income-Tax Exemption to State RERA Authorities of Goa and Telangana
Introduction The Central Board of Direct Taxes also notified a grant of income-tax exemption to the Real Estate Regulatory Authorities (RERAs) of Goa and Telangana under the provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA). This exemption relates to specific income streams on account of such authorities under the said act. Key […]
Priyanka
December 30, 2024 at 01:08 PM
ITAT Ruling: Capital Gains Deduction Claimable Even Without Filing Returns
Introduction ITAT Ruling relief to taxpayers who wish to claim capital gains deductions, though they may have not filed returns. ITAT has given landmark ruling which is much in need to all taxpayers, who might have missed the filing of their income tax returns but still intend to claim capital gains deductions. ITAT Ruling The […]
Subhodeep
December 27, 2024 at 03:05 PM
CBDT’S ITR Filing Compliance Check for Scheduled Commercial Banks
Introduction With an aim to enhance tax compliance and eradicate black money circulation, the CBDT has implemented a new facility called “ITR Filing Compliance Check” functionality. This was announced on 31st August 2020 to assist Scheduled Commercial Banks (SCBs) monitor the status of tax returns filed by its customers involved in massive cash withdrawal operations. […]
#CBDT’S ITR Filing Compliance Check for Scheduled Commercial Banks#ITR Filing Compliance Check
Sarat
December 18, 2024 at 04:28 AM
Ownership Structure Deep Dive: Trust and Individual Holdings
Introduction Settlors relinquish primary control of trust property to beneficiaries, which also results in a transfer of ownership. The destiny of the resolute owners is quiet and passive, much like that of the Trust’s property and other finances. This article addresses the legal analysis of the trust property by showing how ownership of the trust […]
#legal#Property held#trust
Shabana A
December 06, 2024 at 09:08 AM
Direct Taxes vs. Indirect Taxes: A Complete Guide
Introduction Direct and indirect taxes are the two fundamental types of taxes that governments collect revenue from. The difference between direct and indirect taxes is something crucial to be known by people as well as businesses. Direct Taxes Direct taxes are levied directly on the income or wealth of the taxpayer. Directly, the taxpayer liable […]
Sarat
December 01, 2024 at 09:48 AM
Employees Provident Fund: EPF Pension Latest News, EPFO 3.0 & Limit
The Employees’ Provident Fund (EPF) is more than just a retirement savings scheme; it is a crucial financial safety net for millions of salaried employees in India. With the launch of EPFO 3.0, simplified withdrawal rules, higher auto-settlement limits, and upcoming ATM and UPI-based withdrawals, EPF’s latest news in 2026 has brought significant reforms. Whether […]
#epf latest news#epf pension news#epf withdrawal news
Nikita P
October 30, 2024 at 05:25 AM
Section 54EE- Capital Gain Not To Be Charged On Investment In Units Of A Specified Fund
The Income Tax Act, of 1961 is the main statute of Income Tax in India. It provides for levy, administration, collection, and recovery of Income Tax. Section 54EE talks about the long-term capital gain exempted when invested in long-term assets. One can claim this exemption by following a few conditions. Following assets are not considered […]
Alka Pranjal
December 15, 2023 at 12:35 PM