Category: Income Tax

TCS of 20% is applicable on all foreign remittances made under the Liberalised Remittance Scheme after 1st Oct 2023. Earlier the rate of TCS was 5% but it has now...

Capital Gains Tax Harvesting is strategy in which the Investor sells the Capital Asset to take the benefit of Tax Exemptions. By following this strategy, a person can easily save...

The first thing to consider before registering a company in Dubai or in any other emirate of UAE is whether you should incorporate a company in the Mainland or in...

If you are planning to register your company in a foreign land, then here is the list of the Top 15 Tax-Free Countries in the World. These are the countries...

If the professional receipts of a person are more than Rs. 50 Lakhs – the benefit of Presumptive Tax under Section 44ADA cannot be taken. In such a case, the...

Flat 30% Tax has been levied on the sale of cryptos in India from 1st April 2022. Some people have started finding unique ways to legally save this tax and...

A lot of Indians opt for Dubai Company Formation as it is not only tax free but it doing International Business from Dubai is also easier as compared to doing...

A Standard Deduction is basically a deduction allowed in Income Tax irrespective of the expense incurred or the investment made by the Individual. No Disclosures/ Investment Proofs/ Expense Bills are...

The maximum benefit of Home Loan which can be claimed as a Deduction in India is as follows:- Section Deduction allowed Allowed for Section 24 Rs. 2,00,000 Interest repayment Section...