Clipped from: https://www.financialexpress.com/money/income-tax/income-tax-for-non-residents-stranded-in-india-facing-double-taxation-new-cbdt-circular-explained-for-you/2214889/ Income Tax for non-residents: Due to the coronavirus outbreak and subsequent lockdown last year (2020), many non-residents were stuck in India due to
Category: Income Tax
Do you need to invest only the gain amount or entire sale value of house property to save tax? – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/do-you-need-to-invest-only-the-gain-amount-or-entire-sale-value-of-house-property-to-save-tax/2213309/ If a house property is sold within 24 months from the date of purchase, the gain amount, if any, is considered as Short-Term
करावे कर-समाधान : गुंतवणूक लाभ आणि कर आकारणी | लोकसत्ता
गुंतवणुकीचे अनेक पर्याय नागरिकांना उपलब्ध आहेत. वेगवेगळ्या उद्देशांनुसार गुंतवणूक केली जाते. प्रवीण देशपांडे गुंतवणुकीच्या प्रकारानुसार, कालावधीनुसार, त्यावरील लाभाची करपात्रता ठरते. कराचा भाग मोठा व उत्पन्नाला
Software royalty case: How SC upheld the primacy of tax treaties over domestic tax law – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/software-royalty-case-how-sc-upheld-the-primacy-of-tax-treaties-over-domestic-tax-law/articleshow/81498824.cms Synopsis–Rejecting the revenue’s plea that persons required to deduct tax at source do not fall within the subject matter of tax treaties, it
Budget underestimates taxes for FY21 and FY22 – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/budget-underestimates-taxes-for-fy21-and-fy22/2210152/ The actual tax collection in FY21 could be of about Rs 21.25 lakh crore. This will have an impact on the budgeted estimates
What are income tax rates and slabs under the new tax regime? New tax regime benefits, Income tax slabs and income tax rates
Clipped from: https://economictimes.indiatimes.com/wealth/tax/what-are-income-tax-rates-and-slabs-under-the-new-tax-regime/articleshow/81405066.cmsSynopsis Unlike in the old tax regime where the highest tax rate of 30% is levied on individuals having income starting from Rs 10,00,001,
Tax raids, and not just on Tapsee Pannu, are a bad idea – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/tax-raids-and-not-just-on-tapsee-pannu-are-a-bad-idea/2208659/ In the past, tax raids add just a small fraction to the assessee’s income, and even those cases often fail The Income Tax
income tax saving: Using only 80C for tax saving? New tax regime may be beneficial for you at this income – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/using-only-80c-for-tax-saving-new-tax-regime-may-be-beneficial-for-you-at-this-income/articleshow/81342868.cmsSynopsis From FY 2020-21, an individual can continue with the old tax regime and avail common deductions such as section 80C, section 80D etc.
CBDT note to face fresh Supreme Court challenge from NRI – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cbdt-note-to-face-fresh-supreme-court-challenge-from-nri/articleshow/81354433.cms Story outline NRIs who stay 182 or more days have to pay tax on global income NRIs stuck in India were hoping for
Payments by Indian firms for foreign software not taxable: Supreme Court | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/payments-by-indian-firms-for-foreign-software-not-taxable-supreme-court-121030201524_1.html The court held that there is no liability for Indian companies to deduct tax at source with respect to purchase of software from
NRIs, foreign nationals stranded in India to submit details of double taxation by March 31 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/nris-foreign-nationals-stranded-in-india-to-submit-details-of-double-taxation-by-march-31/articleshow/81317056.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In a circular, the CBDT said that if any individual is facing double taxation even after taking into account the relief provided by
करावे कर-समाधान : ज्येष्ठ नागरिक आणि प्राप्तिकर सवलती | लोकसत्ता
Clipped from: https://www.loksatta.com/arthvrutant-news/article-on-senior-citizens-and-income-tax-concessions-abn-97-2410505/ कमाल करमुक्त उत्पन्नाची मर्यादा ज्येष्ठ नागरिकांसाठी ३ लाख रुपये आणि अतिज्येष्ठ नागरिकांसाठी ५ लाख रुपये आहे. (संग्रहित छायाचित्र) प्रवीण देशपांडे ज्येष्ठ नागरिकांना योग्य
Pay your family’s insurance premiums and PPF contributions to save tax | Business Standard News
Clipped from: https://www.business-standard.com/article/pf/pay-your-family-s-insurance-premiums-and-ppf-contributions-to-save-tax-121022600642_1.html While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws don’t apply Photo:
Trust is in a ‘state’ of deficit today – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/columns/trust-is-in-a-state-of-deficit-today/article33934312.ece?homepage=true If the true spirit of fiscal federalism is not restored, the Centre must realise that rapid economic growth cannot be achieved If there
real estate investment for NRIs: What NRIs need to know about investing in real estate back home – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/invest/what-nris-need-to-know-about-investing-in-real-estate-back-home/articleshow/81207605.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis If you intend to buy a house with a loan, this may be a good time to do so. Interest rates on home
Coming soon: Pay life insurance premium in advance, get a discount | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/coming-soon-pay-life-insurance-premium-in-advance-get-a-discount-121022500699_1.html IRDAI proposes to link discount with SBI savings bank rate, which is currently at 2.7% Soon, you can pay your insurance renewal premium in advance
Your Income Tax Queries: Which ITR form should I file to claim TDS deducted from NRO account? – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-income-tax-queries-which-itr-form-should-i-file-to-claim-tds-deducted-from-nro-account/2200541/ Non-residents with no income from business to show India salary in ITR2 In the absence of facts, we shall not be able to
Good riddance – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/good-riddance/article33915998.ece?homepage=true Settlement Commission was unfair to honest taxpayers The Wanchoo Committee of yore, which found tax amnesty schemes morally reprehensible what with the same
Economists bat for fuel tax cut to rein in inflation – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/economists-bat-for-fuel-tax-cut-to-rein-in-inflation/articleshow/81190930.cmsSynopsis Inflation has fallen under 6%, the upper tolerance limit. But the RBI’s RBI’s Monetary Policy Committee(MPC) minutes also flags members’ concerns and warning
Your Income Tax Queries: Which ITR form should I file to claim TDS deducted from NRO account? – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-income-tax-queries-which-itr-form-should-i-file-to-claim-tds-deducted-from-nro-account/2200541/ Non-residents with no income from business to show India salary in ITR2 In the absence of facts, we shall not be able to
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