Overview :- When NRI coming back to India, various Tax provisions has to comply to adhere with Income Tax Provisions or Rules. When the citizen of India or a person of Indian origin whose total stay...
What Is Section 194N?Section 194N is applicable in case of cash withdrawals of more than Rs 1 crore during a financial year. This section will apply to all the sum of money or an aggregate of sums...
Introduction:Tax incidence of any person under the Income Tax Act shall be determined on the basis of hisResidential status. Residential status under the income tax act has been classified under...
All business including new businesses in UAE is affected by the implementation of VAT. Here is the guide to help new business owners in UAE to understand VAT.What is VAT?Consumers pay a small amount...
What is the meaning of GST?GST stands for Goods and Service Tax which is the single indirect tax system prevailing in India for 2 years. Implemented on 2nd July 2017, this single indirect tax...
The commencement of the GST regime on July 1st, 2017 was an oddity for many IT groundworkers and Taxpayers as they were not on board for the same. Understanding the fact and scenario, the union...
A DST 1031 investment is a platform that allows the investor to co-invest with the 1031 exchange investors in single or many institutional-grade properties. DST 1031 investments allow the purchasers...
In this world of computers, everything slowly becomes technology-based. The automation process is taking over almost every aspect of the world, from teaching to management to hospital, etc. Thanks to...
As a citizen, if you owe the internal revenue service or have an IRS Problem, the best solution is to try an IRS income tax Payment Plan. An IRS Payment-Plan will remove your Problem by reducing the...
A tax is a compulsory contribution done by the citizens to the government in order to settle the expenses incurred for the well being of the country. Therefore, it is important for the people to keep...
Most of the countries around the world has the set rule of paying taxes; however, the tax rules may differ. In India, income tax is levied on individuals and businesses that has an income above a...
This scheme known as the https://www.estartindia.com">"Prime Minister’s Employment Generation Programme (PMEGP)" is a credit related subsidy programme that is administered by means of the Ministry of...
As per section 182 of the Indian Contract Act, 1872, an "agent" is a person employed to do any act for another or to represent another in dealings with the third person. The person for whom such act...
As a US citizen, if you have unpaid taxes for the previous financial years then it can affect your credit rating and financial well-being. Refusing to pay the tax amount will grow to an increased...
What is form 15G?Form 15G or 15H has to be submitted by fixed deposit holders at the start of a financial year to the relevant financial entity like a bank. This is done to avoid on the interest...