Presumptive earning under income Tax Act, 1961 Presumptive earnings is the idea introduced with the aid of the earnings Tax department beneath the Presumptive Taxation Scheme with a view to permit the assessee to disclose his profits on presumptive foundation under the relevant sections and their provisions thereof. allow us to understand them in detail.
While filing Income Tax Returns NRIs need to know these things Income earned by NRI from abroad is not taxable within India.Some NRIs also have an earning in their motherland country, India in the form of interest from deposits, House property , etc. This income has a basic limit of exemption, which is Rupees Two […]
How can you Differentiate between a ‘Home loan’ and a ‘Loan against property’ I have discovered that a lot of people can’t differentiate properly between a ‘home loan’ and a ‘loan against property’. many of us decision me to inquire a few ‘home loan’ against security of a property already owned by them. it’s not […]
788 businesses underneath DRI Scanner for export proceeds pending for realisation Directs Enforcement Directorate to take important motion underneath FEMA with appreciate to 216 agencies with recognize to the duration earlier than 1st March, 2016 and 572 organizations for the duration after 1st March, 2016 for which each such business enterprise had export proceeds pending […]
Input Tax credit under GST Model This is the seventh in the series of proposed articles at the GST version regulation. The motive is mainly to create focus and allow one to study the accidental impact as perhaps applicable for each quarter/ man or woman. it may also useful resource in illustration wanted for modification […]