Introduction Tax Deducted at Source (TDS) is an essential mechanism employed by the Indian government to ensure the collection of …
Read moreUnderstanding Double TDS – Section 206AB: Applicability, Rates, and Compliance
Introduction: When individuals and businesses sell a property, they must consider the implications of capital gains tax. However, the Indian …
Read moreUnderstanding Sections 54, 54EC, and 54F: Tax Benefits for Property Transactions
Introduction In today’s interconnected world, collaboration and cooperation among organizations, institutions, and governments are vital for achieving mutual goals and …
Read moreMemorandum of Understanding (MoU): A Comprehensive Guide
Why does NRI Misses Income Tax Notices? In today’s interconnected world, it’s not uncommon for Non-Resident Indians (NRIs) to face …
Read moreWhy NRI Misses Income Tax Notices? Tips to Stay Informed
Selling a property in India can be challenging, especially for Non-Resident Indians (NRIs). The process can be time-consuming, complicated, and …
In a recent incident, an NRI client received a call from someone claiming to be from the Income Tax department. …
Read moreHow to Avoid Scammers Impersonating Income Tax Officials
1. What is a Memorandum of Understanding (MoU)? A Memorandum of Understanding (MoU) is a non-binding agreement between two or …
Introduction: Hello, dear readers! In this article, we will delve into the recent changes in the Indian income tax department …
Read moreUnderstanding the New 20% TCS Provision on Remittance Abroad: What You Need to Know
Your Permanent Account Number (PAN) is a crucial document for tax purposes, and sharing it with everyone can lead to …
Read moreWhy You Shouldn’t Share Your PAN Number Everywhere: The Risks of Expense Dumping
Introduction As a professional who handles litigation related to income tax and GST, I often receive a common question from …
Read moreHandling Income Tax Notices: Why You Should Consult a Professional