I bought residential property A in 2012 and another B in 2013 for ₹62 Lakh and…
Tag: income tax law
Which income is considered to be earned or generated in India as per the tax laws?
As per the Indian taxation laws (Income Tax Act, 1961), the income of a person is…
How is a student’s resident status determined?
My son went to UK in the first week of October for higher studies and will…
Income Tax Provisions Applicable to NRIs for Investment in Foreign Currency
There are some special provisions in the Income Tax laws to attract NRIs (Non-Resident Indians) to…
The infra bonds I have invested in have matured. Explanation of Income Tax Rules
i had invested 20000 in Long Term Infrastructure Bonds for 10 years in the year 2011…
My mother passed away. And I am the nominee of his FDs. What are the income tax rules?
My mother has passed away and she has a fixed deposit. We are in trouble and…
I want to sell my house in Canada and move to India. What are the income tax rules?
I have been working in Canada for more than 12 years and now my family and…
March 31: Finish these 10 financial actions before the deadline, or pay a hefty fine
Image Source: PTI 10 financial tasks to complete before the March 31 deadline Highlight Taxpayers need…
What are the conditions to become a non-resident for income tax purpose?
My son who is working abroad, his total taxable income in India was never more than…