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Capital Gains Tax or CGT is defined as the implication of tax over the realized profits of the sale of an asset,...
When the investor of the project stays outside the national boundary of the country where such project exists, the...
OCI or Overseas Citizenship of India is a card or rather recognition provided to individuals who have migrated to...
The documentary identity proof should be commensurate with the place the individual is presently staying. Ideally...
Every society in this world has to deal with crimes, offences, and misunderstandings among the citizens. At times,...
Indian passengers who stay abroad for more than a year is allowed to bring the gold duty free. Know all the tax rules...
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Q: Is life certificate required to sell property in India with Power of Attorney(POA)?
A: While each state may have their own registration rules, when a document is presented for registration through Power of Attorney [POA] the Sub-Registrars are required to reasonably satisfy...
Q: Can green card holders parent buy agricultural land in India?
A: An NRI can acquire by way of purchase any immovable property (other than agricultural land/ plantation property/ farm house) in India.
Q: Will Australian pension be taxed in India on becoming resident of India?
A: India and Australia have signed a Double Tax Avoidance Treaty [DTAA] to protect their citizens from double taxation of the same income. Under the India/Australia DTAA agreement, pensions (not...
Q: Am I a NRI for tax if stayed out of India for 190 days?
A: Residential status for taxation purposes in India is determined under the rules set out in Section 6 of the Income Tax Act, 1961-2016. The rules specify that a person would be resident in India if...
Q: How to claim TDS tax refund in India for previous taxation years?
A: Claiming refunds for the past 2 years is standard and allowed without any conditions. Indian Income Tax department vides its CIRCULAR 9/2015 [F.NO.312/22/2015-OT], DATED 9-6-2015 has clarified the...
Q: What are the taxes to be paid when transferring property to a relative in India?
A: Taxes involved when transferring property by way of gift Tax rules vary in India depending on the State in India where the property is located. As mentioned property can be transferred by executing...
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