How to File ITR if You Have Both Salary and Freelance Income

In today’s economy, many professionals are no longer dependent on a 9-to-5 job. You're not alone if you're working full-time but also doing freelance work, like consulting, content writing, design,…

Continue ReadingHow to File ITR if You Have Both Salary and Freelance Income

Inheriting Property in India as an NRI? TaxVic Explains What to Do Next

Is Inheritance Taxable for NRIs in India?No, there is no inheritance tax in India, even for NRIs. You are not liable to pay tax when you inherit a property from a…

Continue ReadingInheriting Property in India as an NRI? TaxVic Explains What to Do Next

Section 58 Explained: Key Changes in Presumptive Taxation Under Budget 2025

The Union Budget 2025 has introduced significant reforms in the presumptive taxation regime by proposing Section 58 in the Income Tax Act. This new section aims to consolidate and replace Sections…

Continue ReadingSection 58 Explained: Key Changes in Presumptive Taxation Under Budget 2025