Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
The nonresident taxpayers are allowed ITR exemption on IFSC investments as per the notification issued by the Central Board of Direct Taxes (CBDT[1]). The nonresident has been defined as both a foreign company also as an individual not being a foreign company.
The criteria being that they only have income from investment in an investment fund set up in the International Financial Services Centre IFSC, located in India. Also, the tax must be deducted at source on the same under the section 194LBB. Additionally, there must not be any other income during this period.
India's financial sector is changing due to advancements in technology and new regulations. GIF...
The Indian startup ecosystem, which is the third-largest in the world, is expected to become a...
India's startup ecosystem has recently experienced a rapid rise as a global powerhouse. Several...
In the Union Budget 2024, Finance Minister Nirmala Sitharaman announced several changes to the...
Digitalization has widely transformed the insurance market in India. Traditional practices are...
Are you human?: 2 + 7 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
An assessee earning beyond the basic exemption limit in a Financial Year is required to file a statement that conta...
08 Oct, 2021
On 22.03.23, the Income Tax Department issued a press release launching the "AIS for Taxpayer" mobile app as an ini...
13 Jun, 2024