Under Income Tax Act, An Individual can be a Resident and ordinarily resident (ROR), Resident but not ordinarily resident (RNOR) and Non- Resident (NR). To determine the residential status of an Individual, one is required to check the residency rule as explained in...
As we all know with the boom in the Indian Stock Market, Mutual fund is the most hottest investment option in the market. It is not only tax efficient instruments but also helps in earning a good return on our investments. Type of Mutual Fund Equity oriented Mutual...
As defined by the Indian Income Tax Act of 1961, NRI taxes pertain to individuals generating income outside of their native country. The income tax laws and benefits available to them vary from those available to permanent Indians. Non-resident Indian (NRI) income...
Union Budget 2022 Update: Earnings from the exchange of electronic assets such as cryptocurrency will be taxed at 30%. There will be no Concessions and deductions allowed, save for the cost of purchasing digital assets. Losses on the selling of digital assets cannot...