Tax Deducted at Source (TDS) is a crucial compliance obligation under Indian income tax law. It ensures advance collection of tax at the time of payment,..
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Who is Considered a Resident for Indian Tax Purposes?
In India, your residential status determines whether your global income or only Indian income is taxable. It is based not on citizenship or visa, but on..
Who Should Get Their Books Audited Under the Income Tax Act?
Under the Income Tax Act, 1961, certain taxpayers must get their accounts audited by a Chartered Accountant and submit a Tax Audit Report. This audit requirement,..
Who is Eligible for the Presumptive Taxation Scheme?
The Presumptive Taxation Scheme (PTS) under the Income Tax Act, 1961 is a major relief for small businesses, professionals, and freelancers who want to avoid complex..
Who Should File Taxes as an NRI?
Non-Resident Indians (NRIs) often assume they are exempt from filing taxes in India – but this is not always true. The Income Tax Act, 1961, clearly..
Who is Required to Register Under FEMA?
If you are an Indian resident involved in foreign transactions – such as investing abroad, holding foreign assets, or receiving foreign funds – you are subject..
Who Can Claim Tax Benefits Under Section 80C?
Section 80C of the Income Tax Act, 1961 is the most commonly used tax-saving section by individual taxpayers in India. It allows deductions up to ₹1.5..
Who is Liable to Pay GST in India?
The Goods and Services Tax (GST) in India is a destination-based indirect tax applicable on the supply of goods and services. But who exactly is responsible..
Who Needs to File Income Tax Returns in India?
Filing an Income Tax Return (ITR) in India is not just a legal formality – it helps establish financial credibility, unlocks refund claims, and supports visa,..
Who Needs to Comply With Transfer Pricing Rules in India?
If your business engages in transactions with foreign affiliates or related domestic entities, Transfer Pricing (TP) compliance is a legal necessity. India’s TP regulations aim to ensure..