Income Tax : Gain insights into India's residential status rules under Section 6 of the Income Tax Act, simplifying complexities for individual...
Income Tax : Learn why determining residential status matters for income tax in India. Explore the categories, tests, and implications for ind...
Income Tax : Explore the importance of determining residential status for tax purposes, its impact on global income taxation, and compliance st...
Income Tax : Explore intricacies of NRI residency status in Indian property transactions. Learn tax implications for resident and non-resident ...
Income Tax : Explore the intricacies of residential status under the Income Tax Act in India. Learn about individual and HUF classifications, c...
Income Tax : Section 5- Scope of income – Income Tax Act, 1961 5. [1] the total income of any previous year of a person who is a resident...
Income Tax : Following is the summary of Suggestion /representation on behalf of the taxpayers/professionals in connection with the Direct tax ...
Income Tax : Mumbai ITAT rules in favor of assessee in residential status dispute. Case details of ACIT vs. Nishant Kanodia for AY 2013-14. Com...
Income Tax : ITAT Delhi held that Tax Residency Certificate (TRC) is statutorily the only evidence required to be eligible for the benefit unde...
Income Tax : Narayanan Subramaniam Vs ACIT (ITAT Delhi) Controversy involved is primarily with regard to question if the assessee had non-res...
Income Tax : Explore the residency dispute in Smt. Kamla vs Hindustan Petroleum Corp. Detailed analysis of the court view on residency criteria...
Income Tax : OECD as well as most of the countries have clarified that in view of the provisions of the domestic income tax law read with the D...
ITAT Delhi held that Tax Residency Certificate (TRC) is statutorily the only evidence required to be eligible for the benefit under the DTAA. Accordingly, benefit of India-Mauritius DTAA duly available.
Classification of individuals as resident but ordinary resident (ROR) or not ordinary resident (NOR) under Indian Income Tax Act, 1961.
Dive into the intricacies of determining residential status under the Income Tax Act. Learn why it’s crucial to distinguish between being ordinarily resident and not ordinarily resident. Explore the impact on taxability and make informed decisions.
Residential status for income tax refers to the status of an individual or an entity based on their presence or stay in India during a financial year. It determines the extent to which their income will be taxed in India.
Explore 41 FAQs on Foreign Tax Credit (FTC) and the determination of residential status in India. Learn about Form No. 67, rules, procedures, and key considerations for claiming FTC. A detailed guide for residents and non-residents.
Narayanan Subramaniam Vs ACIT (ITAT Delhi) Controversy involved is primarily with regard to question if the assessee had non-residential status for the relevant Assessment Year 2017-18 and the ld AO had held it against the assessee on the basis that his stay for more than 180 days abroad was not supported by any evidence including […]
NRI taxation under the Indian Income Tax Act, of 1961 applies to those earning income outside the home country. The income tax rules and perks allowed to them are drastically different from those applicable to resident Indians.
Residence and tax liability are two concepts that are intrinsically linked in the world of taxation. As a resident of a country, you are generally liable to pay taxes on your worldwide income, while non-residents are typically only required to pay taxes on the income they earn within that country’s borders. In this article, we will delve deeper into the concept of residence and how it affects your tax liability.
The provision relating to Residential Status in India is governed by Section 6 of Income Tax Act, 1961. Necessity to determine residential status is significant to determine total income of taxpayers in India. Generally, taxpayers are classified as Residents or Non-Residents.
Understand what determines an individuals residential status under FEMA & Income Tax with relevant Indian laws & regulations. Discover NRIs significant contribution to Indian economy, inward remittances & transfer of technology.
