Today, we're delving into the world of taxation for OCI (Overseas Citizen of India) card holders - individuals who have relinquished their Indian passports to become foreign citizens while still retaining financial interests in India. By the end of this article, we'll explore when and why OCI card holders should file income tax returns in India.
Sec 112A provides that a concessional rate of tax at 10% will be leviable on long term capital gains exceeding Rs 100000
Section 10AA of the Income Tax Act, 1961, provides deductions for enterprises operating in Special Economic Zones (SEZs) in India. This section aims to promote exports and attract foreign investment by offering tax concessions to businesses located in SEZs.
GST State Code is a code in the GST system, each state is allotted with a two-digit numerical code which will help to identify the business entity.
We all know due date has arrived for deposition of Tax deducted at source for the month of March i.e. 30th April 2024. It is important to understand the consequences for deduction of TDS of deductee whose Pan Aadhaar is not linked.
It is said that Middle Overs are the most crucial overs in any game. How do you think the individuals shall steady their innings in the Middle Overs(30-60 years)?
In this article, we have highlighted 70 GST checkpoints that one may consider for the financial year end, i.e. March 2024 as a safeguard.
ere, we highlight key precautions to ensure a thorough review of such intimations, safeguarding taxpayers from potential errors or discrepancies.
GSTR-1 and GSTR-3B are two types of GST returns that businesses registered under the Goods and Services Tax (GST) regime in India need to file to comply with tax regulations.
This article aims at highlighting the retrospective amendment in provisions of section 115 BBE of the Income Tax Act, 1961 and its applicability.
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English