Even if seafarers fail the 182-day NRI test due to crises or travel delays, foreign salary may still remain tax-free. RNOR status and CBDT Circular 13/2017 provide key protection.
Explains how cross-border payments are classified as business profits or royalty/FTS and highlights why contract substance—not invoice labels—determines taxability.
Learn how Section 54F can help you save tax on long-term capital gains from assets like land or gold by investing in a residential property. Discover key conditions and how even unplanned home purchases can lead to significant tax exemptions.
Learn the risks of filing your own Income Tax Return (ITR), from AIS mismatches and wrong forms to missed deductions and penalties for undisclosed foreign assets. Expert help saves money in the long run.
Learn about Reverse Charge Mechanism (RCM) under GST, its applicable goods/services, suppliers, recipients, and GST rates. Stay updated with CBIC notifications.
Explore tax implications of intermediary services under IGST Act, including place of supply, inter-state supply, and export of services.
Learn about GST audits under Section 65 of the CGST Act, covering provisions, timelines, documents required, audit scope, and compliance measures.
Explore Section 61 of CGST Act, covering scrutiny of GST returns, officer’s authority, taxpayer obligations, and implications for compliance and discrepancies.
Learn about the GST Amnesty Scheme 2024, Section 128A, and its process for interest & penalty waiver for taxpayers from 1st July 2017 to 31st March 2020.
Explore FAQs on the GST Invoice Management System (IMS), detailing its features, benefits, and usage for effective invoice management and GSTR-2B generation.