DTAA Explained - How NRIs Can Avoid Double Taxation? For Non-Resident Indians (NRIs), understanding the Double Taxation Avoidance Agreement (DTAA) is crucial to ensuring that they do not end up paying...

Complete Guide to Income Tax for NRIs: Filing Requirements and Benefits Who Qualifies as an NRI for Tax Purposes? An individual is classified as an NRI for income tax purposes if they satisfy either o...

Penalty for Non-Declaration of NRI Status in India a) Tax Penalty If you fail to declare your NRI status and are treated as a resident, your global income may be taxed in India. Non-disclosure could l...

Can NRIs Have Both NRE and Savings Accounts in India? NRIs are allowed to maintain specific types of accounts in India, but there are restrictions on holding a regular Savings Bank (SB) account once N...

Income Tax for NRI in India We all know that taxes collected from citizens are the foundation of the Indian economy. NRI taxation under the Indian Income Tax Act, 1961 applies to those earning income ...

Income Tax Deductions List - FY 2023-24 (AY 2024-25) Understanding Income Tax Deductions in India Income tax deductions are provisions under the Income Tax Act, 1961, that allow taxpayers to reduce th...

Tax Planning Comprehensive Guide to Income Tax Planning in India Understanding Income Tax Basics 1. Tax Slabs: Familiarize yourself with the different income tax slabs applicable to various income lev...

Income Tax Benefits in India Introduction to Income Tax Benefits Income tax benefits are provisions under the Income Tax Act, 1961, that allow taxpayers to reduce their taxable income, thus lowering t...

e-Filing Income Tax Returns IT Returns Filing in India: A Comprehensive Guide Introduction to IT Returns Filing In India, Income Tax Returns (ITR) filing is a crucial annual activity for individuals, ...

E- Filing Income Tax E-filing Income Tax in India has become the preferred method for taxpayers due to its convenience, efficiency, and accuracy. Here's a detailed guide on how to e-file your income t...

Latest Income Tax Slab and Rates - FY 2023-24 | AY 2024-25 No changes have been announced by the finance minister Nirmala Sitharaman in the income tax slab rates in the interim Budget 2024. The income...

Income Tax Saving for FY 2023-2024 Income Tax Slabs in India In the Indian taxation landscape, income tax adheres to a sophisticated slab-based structure, wherein individuals encounter diverse tax rat...