Facts of the Case: An employee sent to the US by a company during the year for a specific period on an assignment. The employee receives his salary in India and allowances in the US during the period of stay in the US. Even though the basic salary of […]
According to a recent survey, over 48 million small scale companies are there in India, which is double the number of companies in the US. Micro, small and medium enterprises (MSME) contribute around 8% towards the country’s GDP, thus providing job […]
PAN is a unique 10 digit alphanumeric identification code assigned by the Income Tax Department under the supervision of the Central Board of Direct Taxes to all taxpayers. Having a valid PAN is mandatory for every person filing his/her tax returns a […]
What happens if I am an NRI but invest in mutual funds using my domestic account as a domestic customer? Some NRIs keep investing from their resident accounts unaware of the regulations around NRI taxation and investments. Whenever you spend more tha […]
