Income Tax Laws

During the pandemic, several NRIs either got stranded or stayed on in India for an extended period due to personal or economic considerations. However, while staying in India for a lengthy period, one should be cognizant about the income tax implications. Let’s try to understand some of the key aspects in this regard.

How to deal with double taxation and dual residency in year of migration

Double-taxation nuances in migration cases need to be evaluated on a timely basis to avoid unintended non-compliances. Facts are evaluated on a case-by-case basis for specific actions.

Easwar panel submits 2nd report on I-T laws to Jaitley

To simplify the provisions of the Income-tax Act, 1961, a Committee under the chairmanship of Justice Easwar was constituted on October 27, 2015.

Cabinet approves I-T amendments to tax deposits post Nov 8: Srcs

The Cabinet is likely to have approved amendments to the income tax laws to tax deposits made after November 8 and CNBC-TV18 learns from sources that a tax rate higher than 45 percent on 'suspicious' or unaccounted deposits is a possibility.

Easwar panel on income tax to submit second report in Oct

Justice (Retd) R V Easwar, who heads a high-level committee on income tax laws, today said the panel is looking into aspects of accountability of tax officers.

Own many house: Do you know your tax burden?

Presently the Section 80 C allows you an overall deduction upto Rs. 1.5 Lakhs for repayment of housing loan including any amount paid for registration and stamp-duty of a residential house.

Will DTC treat seniors as second class citizens?

All is going to change for the senior citizens once the Provisions of Direct Tax Code come into operation w.e.f. 1st April 2012. The provisions in the Direct Tax code are quite unfair to senior citizens; here's how.