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Local Authorities Individuals are also classified into residents and non-residents. Resident individuals are taxed on their global income in India. This means that they have to pay income tax on the income earned in India as well as overseas. On the other hand, non-resident individuals are requ...
Top 5 Types of Documents/Evidence to Gather for Your Income Tax Case Related Articles American Taxpayer Relief Act of 2012 An Audit by the IRS Are Legal Fees Tax Deductible? Bringing a Case to U.S. Tax Court Capital Assets Defined Lawyers Cash Method versus Accrual Accounting Failure to File...
Being focused on the needs of private clients from around the world means that our income tax and capital gains lawyers treat every case as unique. We work with many sports stars and entertainers who, by the nature of their success, may have several sources of income, including salary, royal...
Income from a business or self-employment: Income earned from freelancing, contracting, doctors, lawyers, etc. Calculating income tax in India To understand taxation in India, follow this income tax example. Let’s assume that Sameer, a resident of India, earns Rs 15 lakhs per annum. ...
In fresh trouble for Uttar Pradesh Chief Minister Mayawati, the Income Tax Department has filed two appeals in the Income Tax Appellate Tribunal (ITAT) demanding additional tax of about Rs 10 crore for her income for the financial years 2005-2006 and