The Income Tax Department’s methods for levying, managing, collecting, and recovering taxes are governed by the Income Tax Act of 1961. With effect from April 1, 1962, it consists of 23 chapters, 298 ...
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NRI Taxation Explained: How India taxes non-resident IndiansAn Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is ...
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Run-up to Budget 2025: Make it easy for non-residents to fulfil Indian tax obligationsIt is not the country of origin, but the number of days stay in India, which determine whether a person will be a resident or non-resident for tax purposes. Resident individuals are taxable in ...
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