Before filing your income tax return in India, the most important factor to assess is your residential status under Indian tax law. Your tax liability on..
Tag: income tax 2025
How to Apply for Lower/NIL TDS Certificate in India
If you’re expecting to receive payments where TDS will be deducted at standard rates, but your actual tax liability is lower or zero, you can apply..
How to Declare Foreign Assets in Indian Tax Returns
If you’re an Indian resident who owns foreign bank accounts, property, stocks, or business interests, you are required to disclose these foreign assets in your income..
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 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..
Angel Tax Section 56(2)(viib): New CBDT Valuation Safe-Harbour
Start-ups raising funding in India have long worried about angel tax—the tax under Section 56(2)(viib) when share issue prices exceed fair market value (FMV). Recognizing the..
Section 194-O TDS on Marketplaces: Updated Rate Chart FY 2025–26
If you are selling products or services through e-commerce marketplaces like Amazon, Flipkart, Myntra, UrbanClap, or Zomato, you are subject to TDS under Section 194-O of..
Transfer Pricing Documentation FY 24–25: Safe-Harbour vs APA
Transfer pricing compliance is a critical requirement for Indian businesses involved in cross-border related-party transactions. As scrutiny increases for FY 2024–25, companies must decide between using the..
FEMA LRS Changes 2025: Resident Founders Funding US Subsidiaries
Indian founders setting up US entities or expanding globally must comply with the Liberalised Remittance Scheme (LRS) under FEMA rules when transferring personal funds abroad. In 2025,..
₹10 Lakh TCS Threshold on Foreign Remittances: Planning Tips for NRIs
Since July 1, 2023, a higher rate of Tax Collected at Source (TCS) applies on foreign remittances exceeding ₹7 lakh under the Liberalized Remittance Scheme (LRS)…