Differences Between Exemption and Deduction in Income Tax
Exemptions refer to specific income components excluded from taxation. For example, the House Rent Allowance (HRA) and Leave Travel Allowance […]
NRI’s Guide to Double Taxation Avoidance Agreement (DTAA) Benefit
Introduction to DTAA for NRIs Non-Resident Indians (NRIs) often earn income in multiple countries, which can lead to the issue
Old vs New Tax Regime: Which One Saves You More for FY 2024-25?
The Finance Act 2023 amended Section 115BAC, making the new tax regime the default option from AY 2024-25 (FY 2023-24
No More Nil TDS Deduction Certificates For Residents and NRIs
Nil TDS certificate is a document which is issued by the IT Department to offers relief to taxpayers both for
Income Tax For NRI In India: Tax Slabs, Filing, Exemption and Tips For FY 2024-25
Navigating income tax as a Non-Resident Indian (NRI) can be complex due to differing rules based on residency status, income
How To Apply for Nil or Lower TDS Deduction for NRIs and Residents?
Section 197 of the Income Tax Act, 1961 offers relief to taxpayers-both residents and non-residents Indians (NRIs)-from excess Tax Deducted
Rebate u/s 87A in New & Old Tax Regime For FY 24-25
Rebate of income tax in case of certain individuals- “An assessee, being an individual resident in India, whose total income
GST on Hotel Dining: New 18% Rate May Spike Your Food Bill
From April 1, 2025 restaurants inside hotels will have to charge 18% GST from customers instead of 5% previously if
GST Credit Note Rejected: How to Resolve This Issue?
Key Takeaways Why Credit Note is issued? Credit note is issued when the goods are returned by the purchaser to
GST on Clothes: Latest Tax Rates & Applicability
GST on Clothes – An Overview The clothing and textile sector, being a major part of the Indian economy, is
GPS-Based Toll Collection System: Seamless Journeys From 1st May 2025
India boasts the world’s second-largest road infrastructure, with its National Highways extending over 146,195 kilometres. In the fiscal year 2023-24,
GST for Freelancers and Independent Professionals
The implementation of the Goods and Services Tax (GST) in India has significantly changed the way businesses operate, and freelancers