Category: Tax

An assessee is any individual who is liable to pay taxes to the government against any kind of income earned by him for a particular assessment year, either for himself …

The basic meaning of Income Tax is that it is the tax to be paid on income TikTok views. To understand income tax in a detailed manner, we need to …

Any income that an individual acquires or earns during the course of a financial year that is deemed to be non-taxable is referred to as ‘Exempted Income’. As per the …

Direct Tax: A Direct tax is imposed directly on the taxpayer and paid directly to the government by the ones on whom it is imposed. It cannot be shifted by …

An allowance is the financial benefit given to the employee by the employer over and above the regular salary. These benefits are provided to cover expenses which may be incurred …

Salary refers to the remuneration paid by the employer to the employee for the services rendered for a certain period of time as a result of an express or implied …

Tax Rates for NRIs In case of an Individual (resident or non-resident) or HUF or Association of Person or Body of Individual or any other artificial juridical person Assessment Year …

Capital Gains Tax for NRIs NRIs who have purchased/inherited assets in India and wish to sell them are unaware of the various and complicated tax provisions related to selling assets …

NRIs who live abroad for most of the time are unable to maintain and manage their purchased or inherited properties in India. They, therefore, sell them. The tax implications of …

The government of India is constantly working on bringing foreign investment to India. And the best source for this is investment by the NRIs. Investment by NRIs is both beneficial …