How to show income from NRI sale of shares in Income Tax Return ? We are all aware that company income, rental revenue, and salary income are all taxable. What about earnings from the sale or acquisition of shares, though? Many stay-at-home moms and retirees make a living by buying and selling stocks, but they …
ICAI has unveiled a new logo on 75th Happy Chartered Accountant Day ICAI has unveiled a new logo to mark the beginning of its 75th year, coinciding with CA Day. The Garuda, a mythical bird-like creature that represents strength, power, and wisdom in Indian mythology, is depicted in the logo in a modern setting. A …
Reasons Every Business Required A Business Website As per SCORE Association, only 51 % of SME businesses have own websites, despite the fact that 97 % of consumers search for products & services online, Disconnect between SME companies & Growing No of clients who vet brick & mortar businesses based on their website online presence …
Complete Understanding of ITR Filing For F&O (Futures And Options)Traders While trading in futures and options on stocks, currencies, and commodities is taxed, many small traders fail to declare their losses from F&O trading during ITR filing due to a lack of awareness and understanding. Let’s look at the most important things to keep in …
Q.: What deductions are allowed and which are not allowed for NRIs? An NRI is entitled to a 30% basic deduction, a deduction for property taxes, and a deduction for interest on mortgages. A deduction for principal repayment is also permitted to NRIs under Section 80C. NRI can also deduct stamp duty & registration fees U/s …
Byju s auditor Deloitte RESIGNS!-Byju’s seems to be in deep deep trouble! This comes at a time when 3 KEY-BOARD MEMBERS have also dropped their resignations due to differences with Byju Raveendran on key operational issues. The Company’s financial statements for the fiscal year ended March 31, 2022, are far behind schedule. Additionally, we have …
NON-RESIDENT INDIAN(NRI) INCOME TAXABLE IN INDIA Income from Salary: Your salary income is taxed in India under two situations. Situation A: If it’s received in India- If you’re an NRI and you have got received any salary in India directly into an Indian Account or somebody else has received it in your behalf in India, then such salary income would become taxable in …
Income Proof with KYC becomes Compulsory for INR 10,00,000/- investments in small savings schemes. Govt of India has now made it Compulsory for those investing over INR 10,00,000/- in post office schemes to provide proof of source of funds. It has also brought all investments in post office schemes under stricter Combating the Financing of …
How to Calculate Income Tax Liability in India: A Comprehensive Guide Introduction If you are filing ITR for the first time, it can be really overwhelming to understand the ITR form and the different terms used. As simple as it may get, you can get jumbled if you do not know which field to use …
Principles of natural justice if no hearing provided to the taxpayer during the Cancellation of GST registration: IN THE GUJARAT HIGH COURT VIKRAM NATH, CHIEF JUSTICE & J.B. PARDIWALA, J. Mahadev Trading Company v. UOI In the above case of the taxpayer was that without fixing a date for hearing and without waiting for any …