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Non-resident of India as per Income Tax Act,1961

IntroductionIn general sense, we always refer any person who is of an Indian origin but resides in a foreign country as NRI. However, this above statement is half truth. Income Tax Act, 1961 has given various mandatory conditions to be fulfilled in order to determine...
Section 80GGC of Income Tax

Section 80GGC of Income Tax

Introduction:The 80GGC deduction under the Indian Income Tax Act allows for tax deduction on contributions made by Indian taxpayers to political parties or electoral trusts. In India, people usually support a political as per their political beliefs, however, this...

How To File e-Form 26QB on sale of property?

Introduction:Buying a property of their own is a dream of almost every independent individual. But, this comes with various legal compliances on part of every buyer. This often creates confusion in the minds of people regarding how to fulfil these mandatory...

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