Advantages of Indirect taxation compared to Direct Taxation
One of the main ways that the Government makes money is through taxes. The Indian Government received a total of Rs. 9,98,037 crore in tax revenue in 2020. The importance...
Types, Benefits, Eligibility, and Tax Rates of Direct Tax
Evading direct tax is equivalent to avoiding your social obligations! You can pay taxes to the Indian government directly by paying a direct tax. Direct taxes are assessed on all...
Real estate selling & buying advice for NRIs in India
An NRI can sell their home or business to an Indian citizen, another NRI, or someone of Indian descent (PIO). Another option is to mortgage the property to a financial...
Regular Scheme Under GST: Composition Scheme
Goods Services Tax is the new concept introduced in the Indian market which is related to taxes. Soon after the introduction of these concepts, a lot of things are happing...
Here are 10 reasons why you should file your income tax return in India
Filing an income tax return in India is necessary for every resident individual to follow. One must disclose his source of income and pay the necessary amount of tax as...
Guide to Set Up A Business In India As An NRI
One of the economies in the world with the quickest growth rates in India. Establishing a business in India is a desirable alternative because the government supports international investment, and...
Is it necessary for NRIs to submit ITR in India even if they pay taxes abroad?
Income Tax Refund is a mandatory obligation that every individual in India has to fulfil despite his income level. Residents and non-resident Indians or NRIs must also file an income...
GST for independent contractors: Complete information
The Goods and Services Tax (GST) has affected every area of India's economy, from large corporations to small and midsize businesses. Yes, even independent contractors are within its purview, although...
Four Methods: To Maximize Tax Savings For Persons Living and Working Overseas
As a non-resident Indian, you can have the unfortunate distinction of paying tax twice. If you live and work abroad, your foreign earnings will be subject to taxation in your...
A Guide: Forming a Private Limited Company
In the case of small businesses, private limited is an option. Owners can't sell their shares publicly, and the number of shareholders is limited to 200. What are the benefits...