Generally, there is no taxation provision on the income earned outside India. But the income of NRI from capital gains from shares, mutual funds, and rent on the property crosses the basic limit mentioned for exemption; in that case, NRI has to pay tax to the Indian government. The taxation system is essential in nation-building …
Under Income Tax Act 1961, a person must pay income tax on earned income by him. However, there are certain cases or scenarios where clubbing of income tax provisions is implemented. And the person has to pay income tax on the clubbed income as well. Hence, if you plan to transfer property to your spouse …
Sukanya Samriddhi Yojana is an attractive scheme launched by the government of India, which is one of the crucial parts of the Beti Bachao Beti Padhao Program. SSY or Sukanya Samriddhi Yojana is a popular investment scheme. It does not support girl kids but also helps individuals to avail some tax benefits. The scheme is …
Sukanya Samriddhi Yojana Tax Benefit For Parents Read More »
Income tax is a significant liability and harsh reality for many partnership firms, especially in developing modes. The tax burden can cause a considerable amount to pay before the timeline provided by the income tax department itself. However, every business and individual has to pay tax on time. But still, it is good to save …
