Form 15CA & 15CB Certification Services Looking for Form 15CA & 15CB Certification Services?Navigating foreign remittances requires precision to avoid heavy penalties. Under the Income-tax Act, 1961, every payment made to a non-resident must be scrutinized for taxability. Whether you are paying for software, royalty, professional services, or overseas investments, we ensure your Form 15CA […]
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Income Tax Refund Delays: How to resolve the issue? Income tax refunds are a crucial aspect of financial planning for taxpayers. However, many individuals face delays in receiving their refunds due to various reasons, one of the most common being pending queries from the Income Tax Department. These queries often require the taxpayer’s immediate response,
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TCS on Foreign Remittance Transactions under LRS as per Income Tax Act, 1961 (Updated for October 2023) Introduction The Liberalized Remittance Scheme (LRS) allows Indian residents to remit money abroad for various purposes, such as travel, education, medical treatment, and investments. As of October 1, 2023, the Government of India has revised the Tax Collected
Income Tax Filing for NRIs with DTAA Benefits Introduction Overview of Income Tax Filing for NRIs Income tax filing for Non-Resident Indians (NRIs) can be a complex process due to different tax laws and regulations in India and the country of residence. Understanding the intricacies of tax filing is crucial for NRIs to ensure compliance
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Non Resident Indians – NRI Tax filing Non Resident Indians – NRI Tax filing NRI tax filing in India can often be a confusing and overwhelming task for many Non Resident Indians (NRIs). With various regulations and complexities to consider, it’s important for NRIs to have a clear understanding of their obligations and how to
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The due date for payment of Advance Tax for the Financial Year 2022-23 (AY 2023-24) is 15th September 2022. Please Check the below post to check if you are liable to pay Advance Tax The Procedure for Tax payment is provided in this link
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1) ITR should be verified within 30 days instead of earlier 120 days 2) Only speed post mode is allowed for manual verification 3) Returns filed till 31.07.22 can be verified within 120 days 4) Date of e-verification or manual verification is the date of filing the returns in case of returns e verified or
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Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total
Are you liable to pay Advance Tax? Check this out…. Read More »
Registration of Trusts and Charitable Organisations under Section 12AA and 80G If you intend to do Charitable activity for the benefit of General Public, one of the simplest and easy way of doing the same is through a Charitable Trust. The main activity of most of the Charitable Trusts will be , help to the
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Real estate is one of the Choices of Investment avenue by many.It offers very good return and also a good hedge against the Inflation. But the Capital gains tax on sale of Land is considered high by many and often look for opportunities to save tax on the same. Here are the steps to calculate
Capital Gain on sale of Land. How to calculate Capital Gains tax? Read More »
Payment of Income-tax as Advance tax is an obligation to be met by the Tax payers. Are you liable to pay Advance tax? Are there any exemptions? When should these advance tax payments be made? Find answers for all your queries here. Read on…. When does the question of Advance tax arise? If your total
Are you liable to pay Advance Tax? Check this out…. Read More »
Paying electricity Bills more than 1 Lakh? Ensure you file your Income tax returns
Paying electricity Bills more than 1 Lakh? Ensure you file your Income tax returns.. Read More »
Do you have more than one PAN? Check out what are the consequences and how to correct it.
If you have multiple PAN number, You are committing an Offence.. What should you do…?? Read More »
The due date for filing your Income-tax returns is fast approaching. Many think that only if you have Income you need to file your Income-tax returns on time. But the fact is even if you are facing losses, it becomes important to file your returns on time, on or before the statutory due date. There
File your Income-tax returns before due date if you have any losses… Read More »
