According to the Income Tax Act of India, individuals are mandated to file an Income Tax Return (ITR) only if their annual income surpasses the basic exemption limit.
As we all know nowadays Stock trading & investments are increasing rapidly & it is important to know about the taxability of these transactions.
With the flourishing economic conditions in India and the government’s proactive measures to ensure that there is ease of doing business, various foreign institutional investors, foreign multinationals companies have been making investments in the country.
Once a taxpayer receives SMS alert from the income tax department regarding TDS, taxpayers should verify the information provided in the SMS with their office salary slips or other relevant documents to ensure accuracy.
In this article, we'll delve into the intricacies of TRC, its significance for NRIs, and the steps to obtain it.
An annuity is a contract where a person required to pay a lump sum to an insurance company, and in return, they provide periodic payments over a specified time frame, which can be used for retirement income.
Debt mutual funds are those investments that are primarily invested in fixed-income securities such as bonds, debentures, and other money market instruments. These funds focus on generating returns through interest income and capital appreciation from bond investments.
In this guide, we'll break down the various aspects of income tax filing for NRIs, offering practical tips and valuable insights to make the process easier.
Download Automated Income Tax Calculator All in One in Excel for the Non-Government Employees for the FY 2024-25 as per the Budget 2024
What are the various Income Tax and GST Maryadas (Limits) that the taxpayers must know?