Introduction Agricultural income is an important topic for farmers, landowners, investors, and taxpayers who own agricultural land. Many people think that every income connected with agricultural land is fully tax-free. However, the law does not treat every land-related income as agricultural income. Income tax law exempts genuine agricultural income, but the taxpayer must prove that […]
GST on Export of Services
Introduction Many Indian businesses now provide services to clients across the world. Freelancers, consultants, IT companies, accountants, digital marketers, designers, and other professionals regularly work with foreign clients. For example, a consultant in Greater Noida may provide business advisory services to a client in the USA, UK, UAE, Canada, Singapore, or Australia. In such cases, […]
AI in Stock Market Trading
Introduction Artificial Intelligence, commonly known as AI, is rapidly changing the way people trade and invest in the stock market. Earlier, traders mainly depended on charts, news, market tips, and personal experience. However, with the growth of technology, traders now use AI tools to study market trends, price movements, company data, and investor behaviour more […]
Repatriation of Funds from India by NRIs
Introduction Many Non-Resident Indians have bank accounts, properties, investments, and family assets in India. At some point, they may want to transfer this money from India to their foreign bank account. This process is called repatriation of funds. In simple words, repatriation means sending money from India to another country through proper banking channels. NRIs […]
Residential Status under Income Tax Act
Introduction Residential status plays an important role in income tax. It decides how India will tax a person’s income. Many people believe that citizenship, Aadhaar card, PAN card, or passport decides residential status. However, this is not correct. The Income Tax Act checks a person’s stay in India and then decides whether he is a […]