Income tax for NRI - We all understand as taxes received from taxpayers are the pillar of our economy. NRI Taxation in the Indian Income Tax Act, 1961 refers to…

What is short and long term capital gain tax - Investment in residential properties is among the highly sought-after assets. The main motive is to own a home, whilst others…

Tax on Inheritance - It is obvious that a person's property and assets (such as ancestor's ones) will be carried on by their children, grandchildren, or wards – after he/she passes away. In…

Income Tax Refund - Return on income tax emerges when you pay taxes larger than your real taxable income. The tax that was paid might be progress tax, self-assessment tax,…

Tax Benefit On Life Insurance - Life insurance did come as a obligation ever since we start work and support for our family. Most of us purchase a specific life insurance…

Tax Benefits On Buying Home - Purchasing a property with a home loan does have substantial tax advantages in the type of deduction toward paid home loan interest and home…

If you really have academic and business profits and your taxable income contains such business and professional income, the reports and transaction data (books of account) must be kept and…