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Showing posts from August 7, 2020

NRIs and Income tax

All tax matters applicable to NRIs are dealt with as a suite of services provided by NRI legal services. Complete spectrum of services for private individuals or organisations related to Income tax matters in India (for any Income accrued from a real estate asset, Income from business or profession, Income from salaries, Income in the form of capital gains or any Income from other sources) including but not limited to, assessment of tax liability, payments of taxes based on applicable rules and statutes, handling of any income tax notices, arguing cases or appeals as the situation warrants in appropriate courts or tribunals and negotiating settlements on behalf of our clients The key law which governs rules and statutes with regards to Income Tax in India is the Income Tax-Act, 1961. The Income Tax Act 1961 determines tax applicability and liability on the income of an individual person or a body corporate. It provides for levy, administration, collection and recovery of Income Tax. T