Section I: Income Tax Basics Determining residential status The conditions to be called as an Indian resident are: Staying in India for at least 6 months or 182 days during a financial year Or, Staying in India for 2 months/60 days in last financial year AND have stayed for whole year/...
PravasiTax is a unique platform that provides Tax Compliance and Income Tax Return Filing services for NRIs.
Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
Taxpayers in India will need to file income tax returns for Assessment Year 2023-24 by 31st July, 2023. Get the tips to meet the due date on time.
NRI and ITR ,Income Tax Return Who is NRI? Non-Resident Indian or NRI under the Income Tax Act, 1961 (IT Act) is tied to number of days of an individual’s stay in India during a particular financial year. Residential status is determined for every year separately. India includes territo...
Non-Resident Individuals (NRI) Income Tax Slab Rates Income Tax Slab for AOP, BOI, Artificial Juridical Person Income Tax Slab for Co-operative Society Income Tax Slab for Hindu Undivided Family (HUF) Income Tax Slab for Indian Companies ...
ITR-2 INDIAN INCOME TAX RETURN [For Individuals and HUFs not having Income from Business or Profession] (Please see Rule 12 of the Income-tax Rules,1962) (Also see attached instructions) Assessment Year 2008 - 09 Part A-GEN First name GENERAL Middle name Last name PAN Flat/Door/Block No...
ITR 4 Form is the Income Tax Return form designed for individuals, Hindu Undivided Families (HUFs), and firms (excluding Limited Liability Partnerships or LLPs) who choose to utilize the presumptive income scheme as per Sections 44AD, 44ADA, and 44AE of the Income Tax Act. ...
QUESTION: the Income Tax Act,1961 provides for taxation of a certain income earned in India by Mr. X a non-resident. The DTAA ,which applies to Mr. X provides for taxation of such income in the country of residence. Is Mr. X liable to pay tax on such income earned by him in Indi...
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