There is confusion among many taxpayers on how to show the cryptocurrency earnings while filing ITR as there are no guidelines available. […]
How to Show Cryptocurrency Earnings While Filing ITR
Income Tax Exemptions and Deductions for COVID Expenses
As per the CBDT announcement, while filing income tax returns, taxpayers can claim the tax exemptions and deductions for COVID treatments. […]
Taxability of Cryptocurrency
RBI has not recognized cryptocurrency as a legal tender, there are no clear rules defining its taxability of cryptocurrency. […]
Investing in the US Stock Market
Indian investors can invest in the US stock market. It involves an international brokerage house and adhere to RBI’s foreign exchange rules. […]
Benefits of Filing a Tax Return for NRIs
An NRI must also file tax return in India if the gross total income received in India exceeds Rs 2.5 lakhs for any given financial year. […]
Beware PFIC Rules
A PFIC is a passive foreign investment company. The PFIC rules came into existence in 1986 but started attracting attention only lately. […]
Fees for Technical Services Paid to US companies
The US service provider can resource the income as foreign source income and then claim the foreign tax credit on the technical services. […]
Virtual Presence a Nexus?
Tax challenges posed by digital transactions have fiercely debated over the last two decades both domestically and on international forums. […]
