Schedule AL

Schedule AL: If you earn over Rs 50 lakh This schedule is to be filled mandatorily by individuals and Hindu Undivided Families (HUF) if their total income after all the deductions exceeds INR 50 lacs and they have not engaged in any business or profession during the financial year. They must provide details of immovable […]

Foreign assets declaration in India

Foreign assets declaration in India As Per Income Tax Act, 1961, Residential individuals are required to disclose foreign assets in following cases: Holding any asset including financial interest in any asset located outside India as a beneficiary or otherwise Signing authority in any account located outside India. Beneficiary of any asset including financial interest in […]

Income Tax and GST on Money Transfer Business

Money Transfer Business in India Money Transfer agent engage in money Transfer business do the money transfer in banks or Wallets like (Paytm, Phonepe, Mobikwik, Gpay against a small amount of fee or commission of 0.5% to 2%. Lets read through this article about the implications of GST and Income Tax on Money transfer commission […]

Taxes on Sale of Property by NRI in India

Taxes on Sale of Property by NRI in India [Complete Guide] This article covers in detail the applicability of Taxes on Sale of Property by NRI in India. In this article, the following topics have been explained in details. Applicability of Taxes on Sale of Property by NRI How much tax is payable on Sale […]

ROC Compliance

ROC Compliance ROC Compliance all inclusive price ₹ 12,000/- ₹ 7,500/- Online Process Dedicated manager to process your ROC Compliance Error free Compliance Free Advice 24 x 7 support Timely filing https://etaxguru.in/wp-content/uploads/2021/01/Untitled-720p-201128.mp4 ROC Compliance Calendar The ROC compliance calendar for regular and annual filings during the year 2021 is provided below: Name of E-form Purpose […]

Foreign Remittance (Form 15CA & 15CB)

Foreign Remittance (Form 15CA & 15 CB) Form 15CA: Form 15CA is a declaration made by the person remitting the money wherein he states that he has deducted the tax from the payment to non-resident. Form 15CB: Form 15CB is a certificate issue by a Chartered Accountant ensuring that the provision of DTAA and income […]

Digital Signature

Digital Signature ( DSC) Digital Signature all inclusive price ₹ 2,000/- ₹ 1,000/- Online Process Dedicated manager to process your DSC Free Advice 24 x 7 support Timely process What is Digital Signature? A Digital Signature Certificate (DSC) is a secure digital key that is issued by certifying authorities. A Digital Signature Certificate (DSC) contains […]

Cash Transactions Limit

Cash Transactions Limit There is no provison in GST restricting cash transactions. Section 40A (3) of IT Act: No person shall pay exceeding of Rs. 10,000/ 35,000 to a person in single day. Section 269ST of IT Act: No person shall receive an amount in cash exceeding or equal to Rs. 2,00,000 in aggregate from […]

Gold Storage Limit

Gold Stoarage Limit There is no restriction how much gold an individual can hold. Here gold does not only means Jewelry, but it also includes gold coins, gold bars, and other forms. The Income Tax Department will not seize Jewelry and ornaments to the extent to these limits, even if the same does not seem […]