NRI taxation in India is governed by NRI income tax rules. Non residential indian should know seven income tax rules before deciding taxability of income earned by him in India. In this article, you will get knowledge and understanding of these points. 7 Income tax rules for NRI taxation in India: Introduction to the
Yesterday my client asked me the question about benefits of filling income tax return.He was arguing, ” I am salaried employee and his income is less than Rs. 5 lakhs and TDS is already deducted. So there is no need to file income tax return.”I have explained some points to him which I have
Capital gain on sale of agriculture land is exempt if land is situated in rural area. Here, many inter related sectoins are covered to understand the topic. It is necessary to study section 2(14) -changes in definition of capital asset in financial bill, 2013, section 10 ( 37), section 45, section 54B, section 194LA.
April 2015 is running and you may be asked by your banker to submit form 15G or Form 15H. You can download this form here. In this article I will explain you – how to fill form 15G or form 15H correctly? and who should submit form 15G or form 15H to bank for