How can NRIs reduce TDS on property sales? NRIs are allowed to save taxes on the sale of residential property under sections 54, 54EC, and 54F In India, Section 54 allows NRIs to claim long-term capital gain exemption. If the property is a let-out or a self-occupied Residential property, NRIs might request an exemption under …
TDS on Sale of Property by NRI/Purchase of Property from NRI Brief Discussion of the TDS on Sale of Property by NRI/Purchase of Property from NRI and How NRI can lower the TDS on Property Sale. TDS should be deducted whenever a property is purchased or sold. At the time of making payment to the …
Penalty on Harassment by GST Officer in granting GST Registration GST department was fined by the Allahabad high court for harassing people by copying their electricity bills in order to obtain GST enrollment. The petitioner Ranjana Singh is engaged in the business of providing employment through consulting, which falls under the ambit of the UP. …
Importance of Tax Consultant in India Overview People often say that employing a tax consultant is a waste of money, but they will, on the contrary, show to be a valuable asset in your life. Before going into the advantages of employing a tax consultant, it’s important to know what a tax consultant is. Tax …
The Role of the Chartered Accountant in Tax Planning Tax planning is the process of putting the provisions of the Income Tax Act of 1961 into practise. To put it another way, tax planning is the process of examining a person’s situation in the most significant way possible. As a result, someone might steal such …
The Treatment of Cryptocurrency as Goods or Services in India: Brief Introduction If you’re uninterested in the government’s debate over the topic, whether cryptocurrency be considered or termed as an asset or currency, then herein we would be discussing about a new debate which awaits. During & after GST raid on crypto exchanges that virtual currencies trade like bitcoin, …
NEW ANNUAL INFORMATION STATEMENT (AIS) The Income Tax Department has introduced new Annual Information Statement (AIS) on the Compliance Portal, that provides a complete view of information to taxpayers and allows them to provide online feedback. The latest AIS can be accessed by going to the “Services” tab on the new Income Tax e-filing portal www.incometax.gov.in and …
Growing Concerns about FCRA renewals. “How long should we wait before getting agitated about this delay in FCRA renewal?” a nonprofit leader recently asked. We will be unable to pay our employees unless we have a valid FCRA certificate.” The FCRA act 2010 governs the inflow of foreign contributions to Indian nonprofit organisations. The Ministry …
Uniswap Scams: How to Identify and Avoid Scams Is Uniswap Safe? As part of this movement, Uniswap’s decentralised exchange has become one of the most popular platforms, offering swaps between Ethereum (ETH) and various ERC-20 tokens, as well as liquidity pools where users can earn returns by depositing tokens — all without having to entrust …
Apply Lower or Nil TDS Deduction certificate online Form 13 TDS Deduction – Form 13 Online – Lower or No TDS Deduction The income tax provisions relating to lower or nil TDS deduction imply that where TDS is required to be deducted but the recipient’s income qualifies the assessing officer for a lower or nil …