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Section 87 A in Income Tax Act 1961

Understanding Rebate Under Section 87 A in Income Tax Act 1961

The Income Tax Act of 1961 establishes the many provisions and regulations that govern India's taxation system. Section 87 A, for example, provides…
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foreign income of resident indian

Tax Implication: Tax on Foreign Income of Resident Indian

Working in a foreign country is a dream for many aspirants around the world. Many students wish to secure their dream job by…
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Rent reciepts under IT scanner

Rent Receipts under IT Scanner: An Analysis of Compliance and Tax Implications

Rent receipts scanned under income tax scanners are subject to tax scrutiny and have received a lot of attention in recent years. Tax…
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capital gains tax for NRIs

Capital Gains Tax for NRIs: An Important Investment Aspect for NRI

Capital Gain Tax is a type of tax structure under which an individual has to pay on the sum amount of money earned…
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