Blog tagged as finance
Using Credit Card For Friends
02.02.26 11:14 AM - Comment(s)
Lending your credit card to friends? High spends vs declared ITR can trigger Income Tax notices for unexplained expenditure under Sec 69C. Protect yourself from tax scrutiny by using UPI for reimbursements and keeping documentation. Stay tax compliant. #IncomeTax #CreditCard #TaxRisk #Finance
Common NRI Tax Trap
24.12.25 09:30 AM - Comment(s)
Essential guide for Non-Resident Indians on avoiding common tax traps in India. Learn legal strategies for determining residential status, preventing double taxation using DTAA, reducing high TDS, and ensuring FEMA compliance for NRE/NRO accounts. Maintain a clean financial record.
Your Bank Account Can Now Have More Than One Nominee
11.12.25 09:30 AM - Comment(s)
RBI 2025 update allows Max 4 bank account/locker nominees. Use our simulator to define percentage shares for clear asset distribution and simplified succession planning, effective Nov 1, 2025. Stay compliant.
Gold Jewellery And Law
04.12.25 09:30 AM - Comment(s)
Tool to analyze Gold Tax risk under Indian Income Tax Act. Check CBDT seizure limits & 115BBE tax impact on unexplained jewellery. Essential guide for documentation and legal defense.
Tax Exemption for gifts from relatives
29.11.25 09:30 AM - Comment(s)
Exempt gifts from relatives under Section 56(2)(x). This guide details audit-proof compliance, including the definition of a 'relative,' donor capacity documentation, and mandatory ITR disclosure in Schedule EI. Secure your tax exemption.
