Articles by Shivangi Agrawal
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Determining residential status as per FEMA
Shivangi Agrawal 12 August 2020 at 09:29When a resident Indian gains non-resident Indian status, it is mandatory by the law to change the residential status in the bank accounts. FEMA rules for NRIs do not allow holding a savings bank account in India.
Section 115BAC- Should you go for the new tax regime?
Shivangi Agrawal 11 August 2020 at 09:57From FY 2020-21, you can choose to pay income tax under an optional new tax regime. The new tax regime is available for individuals and HUFs. “Lower tax rates but no deductions/exemptions” is the key feature
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