Blog tagged as Tax

Foreign Asset Tax Notice! CBDT's nudge is real. Avoid 120% penalties under the Black Money Act. Step-by-step guide to reporting Schedule FA & revising your ITR for AY 2025-26 before the Dec 31 deadline. Learn how FATCA data affects you. Read now to stay safe!

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

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.

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.

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.