As per income tax laws, TCS will be applicable on foreign remittances under the Reserve Bank of India's (RBI) LRSif the total amount remitted exceeds Rs 7 lakh in a financial year. So, if the remittance amount does not exceed Rs 7 lakh in a fiscal, then you will not have to pay ...
On April 9, Twitter/X began automatically modifying links that mention “twitter.com” to read “x.com” instead. But over the past 48 hours, dozens of new domain names have been registered that demonstrate how this change could be used to craft convincing phishing links — such asfedetwitte...
Funds from the NRO Accounts can be repatriated post payment of applicable taxes with a limit of USD 1 million in a financial year. Suitable Conditions You should opt for NRE Accounts if you want to hold or maintain your overseas earnings in Indian currency. NRE Accounts are also suitable...
Gross Salary = Basic Salary + Dearness allowance(optional) + Other Allowances(HRA,LTA) + Perquisite(Gift Voucher, Stock options) Net Salary = Gross Salary – Deductions(TDS, Professional Tax) CTC=Net Salary+Direct Benefits(EPF, Gratuity, Leave Encashment, Corporate NPS) + Indirect Benefits(Lapt...
In this blog, I would go in detail of the provisions of Income Tax Act and my interpretation of the applicable laws. Preamble: Before we analyze the various provisions, it is important to note that the return on FCNR deposits with forward cover has two components – interest on FCNR dep...
Nonetheless, they provide valuable insights for researchers working on developing a more widely applicable cure. So, is HIV curable… not yet, but the ultimate goal of ongoing research is to find a remedy that is safe, effective, and accessible for everyone living with HIV. However, the ...