IntroductionIt is a fact that the taxes collected plays a dominant role in the growth and development of the Indian economy. All the residents of India pay taxes for their income earned under provisions of the Income Tax Act, 1961. Similarly, The Indian Income Tax Act, 1961 also provides certain conditions for taxation for NRIs […]
The taxation system in India is a fundamental part of the country’s economy. India has a well-structured tax system. From income tax to custom duty, various taxes apply to Indian citizens under the country’s taxation system. Almost all taxes under the taxation system can be primarily classified into direct and indirect taxes. Some of the […]
Income Tax is a matter of interest both for citizens and NRIs – though the rules of taxation for both could vary. An NRI is a person who has an Indian passport and has temporarily migrated to another country for six months or more for employment, residence, education or any other purpose.If an Indian citizen […]