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Impavid Bulletin

tax

Any income earned by Non-Resident Indian (NRI) in India is subject to tax in India. The incomes are credited into the NRI account after TDS has been deducted from it. Further, they cannot submit Form 15G or 15H to avoid the TDS on their incomes. Here's what they can do to lower or avoid TDS on income earned in India.

The GST council has announced a mechanism where an individual can claim GST refund. The GST refund can be claimed provided initially when service was paid for, the GST was collected by the service provider, however, the same service was not availed by the individual or the contract was cancelled. Here is a step by step guide on how to apply for GST refund, documents required to file the claim.

The Income Tax Department has released a 'tax calculator' to assist taxpayers in determining which income tax regime will be better for them in the fiscal year 2023-24 - the old income tax regime or the new income tax regime.

Income Tax optimiser: Sudhir Kaushik of Taxspanner.com tells readers how they can optimise their tax by rejigging their income and investments.

The last date to complete tax savings for current financial year is March 31, 2023. If an individual opts for old tax regime in FY 2022-23, then ensure that you have made specified investments under section 80C to save tax. Here are 9 tax saving investment options for FY 2022-23.

With the last date of completing tax-saving exercise fast approaching, many people having salary income of Rs 10 lakh are wondering how to save income tax in current financial year. Here is what salaried individuals can do to save income tax in current financial year 2022-23 (AY 2023-24). Read on to know more about it.

Last date to complete tax savings for current FY 2022-23 is March 31, 2023. A salaried individual is required to choose between the old and new tax regime in every financial year. Hence, if an individual opts for the old tax regime, hence, he/she has tax saving options to save income tax. Here are some tax-saving options for salaried individuals for FY 2022-23 in both the tax regimes.

Tax-saving via section 80D: Here's all you need to know about claiming deduction under Section 80D to save tax.

The new schedule for VDA requires details like date of acquisition, date of transfer head under which income to be taxed (capital Gain), cost of acquisition (in case of gift; a. enter the amount etc. to be filled in by a person who is in receipt of amounts) for transfer of VDA