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Understanding tax residency rules and maintaining proper documentation is imperative to ensure smooth tax compliance.
Two case studies on how one can use the exemption method or the credit route
The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident of India for tax purposes if you stay in the country for more than 120 days in a financial year and 365 days in the past four years. One consequence of the change will be that people of Indian origin who reside outside India will be able to spend a smaller number of days in the country if they wish to keep their non-resident status intact, points out Sanjay Kumar Singh.
The bank got the share in lieu of repayment of loan.
As protectionism grows from the United States to Australia, Sanjay Kumar Singh draws up a comprehensive financial checklist for those shifting to India.
The Japan International Cooperation Agency has submitted the final report on the feasibility study of the proposed high-speed rail system on the Mumbai-Ahmedabad route to the Railway Minister, estimating the ambitious project would cost Rs 98,805 crore.
The high court passed the order while hearing a petition challenging the constitutional validity of The Haryana Backward Classes (reservation in services and admission in educational institutions) Act 2016 that was passed unanimously by the state assembly on March 29.
The draft bill on reservation to Jats and four other castes was cleared at a Cabinet meeting under the chairmanship of Chief Minister Manohar Lal Khattar.
These actors stole thunder from the lead stars!
In its 'Right of Reply', India also rejected the 'fanciful and misleading' remarks by the Pakistani envoy to the United Nations.
Haryana assembly on Tuesday unanimously passed a bill to provide reservation to Jats and five other communities in government jobs and educational institutions
Some of the disclosures in the ITR form, under review at present, increases procedural hassles for expats
Haryana was again on the edge on Thursday with the 72-hour deadline set by Jats for resuming their agitation over quota from on set to come to an end on Thursday night.
Budget might turn out to be neutral for the sector.
The minister said the terrorist groups created by Pakistan is not only harming India, but also hurting its neighbours.
Real estate sector cheers reforms in the Budget.
Income from renting of properties is taxed at a flat rate of 10%.
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