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Advance Tax Payment Due date, Applicability and Calculation

Post author:TAXVIC
Post published:August 29, 2023
Post category:Advance Tax Finance Tips Income Tax Income Tax Regulations Tax Benefits Tax Compliance Tax Guidelines Tax Planning Tax Regulations Taxation Laws
Reading time:5 mins read

As the new fiscal year commences, it is critical for taxpayers to keep informed about their obligations. Advance tax payment is an important part of tax planning. This article will…

Section 44AB: Tax Audit under Income Tax

Post author:TAXVIC
Post published:August 28, 2023
Post category:Chartered Accountant Audit Compliance and Regulations Financial Reporting Indian Tax Laws Legal Tax Procedures Presumptive Taxation Scheme Professional Tax Audit Section 44AB Tax Audit
Reading time:4 mins read

As tax season approaches, individuals and businesses must be familiar with the numerous requirements of the Income Tax Act in order to ensure compliance and avoid penalties. The obligation for…

#NRO #NRE

NRO to NRE Account Repatriation of Funds in India: A Complete Guide

Post author:TAXVIC
Post published:August 25, 2023
Post category:Chartered Accountancy Foreign Exchange Income Repatriation NRE Account NRO ACCOUNT PERSONAL FINANCE Taxation for NRIs
Reading time:4 mins read

If you are a non-resident Indian (NRI) and have funds in your Non-Residential Ordinary (NRO) account in India, there will be a need to repatriate these funds to your Non-Residential…

Foreign Tax Credit India,Claiming Foreign Tax Credit, Indian Resident Foreign Income

Comprehensive Guide to Claiming Foreign Tax Credit on Income for Indian Residents

Post author:TAXVIC
Post published:August 23, 2023
Post category:Double Taxation Avoidance Foreign Tax Credit (FTC)Indian Taxation Laws Tax Residency Status
Reading time:4 mins read

As globalization advances, an increasing number of Indians are receiving foreign income through multinational firms, remote jobs, or overseas assets. However, along with the thrill of earning money abroad comes…