Guide to NRIs filing tax returns
Under the Indian tax laws, the taxability of one's foreign income depends on their residential status. One's earnings outside India will get taxed only if they qualify to be resident and ordinary resident of India. Only few days left to file tax returns and all are in a hurry to file it before due date. Indians are making all efforts to file tax returns error free and timely but many NRIs are still worried whether they also need to file the India tax return...


read more
7 lakh high-value transactions under tax dept's scanner
In an effort to tighten the noose around tax evaders and widen the tax nets, the income tax department has tracked seven lakh high-value non-PAN transactions and will soon issue notices to people involved in these transactions. In an effort to tighten the noose around tax evaders and widen the tax nets, the income tax department has tracked seven lakh high-value...


read more
Tax Department To Acknowledge Black Money Declarants By August-End
Black money holders who have disclosed their ill-gotten assets during July under the ongoing compliance window will receive acknowledgement from the tax department by August 30. Since the government has extended the deadline for payment of tax and penalty under the Income Disclosure Scheme (IDS), necessary amendments have to be carried...


read more
Missed August 5 Tax-Filing Deadline? Here Are Your Options
Black money holders who have disclosed their ill-gotten assets during July under the ongoing compliance window will receive acknowledgement from the tax department by August 30. Since the government has extended the deadline for payment of tax and penalty under the Income Disclosure Scheme (IDS), necessary amendments have to be carried...


read more