[ad_1] Buying a house in India involves some tax compliances which get very complex when the seller is a Non-resident individual (NRI). Every property buyer, being a resident individual, is required by law to deduct tax from the amount (price) he pays to the seller. However, where the seller is a tax resident in India, … Read more
[ad_1] The government wants to encourage people to move to the new tax regime which combines lower tax rates with a very limited number of exemptions. As of now, an individual’s contribution of up to Rs 50,000 to the National Pension System (NPS) under Section 80CCD (1B) as deduction under the old tax regime but … Read more
[ad_1] The Supreme Court has ordered IFFCO Tokio General Insurance Co. Ltd to pay a compensation of Rs 13.7 lakh with interest to the family of an individual who died in a road accident in May 2010. The compensation was part of a third-party insurance cover taken by the owner of the tempo vehicle that … Read more
[ad_1] A better-than-expected economic performance despite pressures in some segments of the economy has given the Reserve Bank of India (RBI) one less reason to worry as it meets this week to review its monetary policy. Shaktikanta Das, Governor of the Reserve Bank of India, will announce the decisions of the central bank’s Monetary Policy … Read more
[ad_1] The Delhi bench of the Income-tax Appellate Tribunal (ITAT) has spared a non-resident Indian (NRI) from paying any tax in a case dealing with underpayment of stamp value related to the purchase of a flat in Mumbai, where payment period was three years. The assessing officer (AO) had imposed an additional tax liability after … Read more
[ad_1] A consumer forum situated in Narmada district, Gujarat, has directed an insurance company to compensate the family of a man who passed away in a road accident with a sum of Rs 15 lakh. The firm’s contention regarding the expiration of the victim’s vehicle registration was dismissed by the forum., as reported by Times … Read more
[ad_1] We attended a close friend’s wedding reception last month. It was a small group of friends, and he and his wife moved around talking with us freely. After the guests left, he told us that his new wife was a courageous woman to have met him on a matchmaking website only six months earlier, … Read more
[ad_1] President Joe Biden delivers remarks on canceling student debt on February 21, 2024 in Culver City, California. Mario Tama | Getty Images News | Getty Images A more targeted forgiveness program This time, the Biden administration has narrowed its aid by targeting specific groups of borrowers. It hopes that move will help the new … Read more
[ad_1] Simpleimages | Moment | Getty Images You don’t have to scroll far to find the #tradwives and #SAHGs (stay-at-home girlfriends) of social media who glamorize the extremes of domesticity, or the wives in Dubai who film their extravagant errands, such as picking up a Cartier bracelet and stopping for a facial on the way … Read more
[ad_1] File your return by April 15 even if you can’t pay If you can’t cover your taxes in full, you should still file your return by April 15 and pay what you can, according to the IRS. Here’s why: “Your interest and penalties are compounding quicker” if you owe taxes and don’t file, said … Read more