Income Tax

Introduction For Non-Resident Indians, managing finances across two countries can feel confusing. Many NRIs earn income abroad and also receive income from India through rent, bank interest, dividends, capital gains, pension, or property sale. Without proper tax planning, the same income may face tax in two countries. India may tax income earned or received in […]

 Introduction When an Indian person moves abroad for work, business, study, or long-term stay, their banking status also changes. After becoming a Non-Resident Indian, a person should not normally continue using a regular resident savings account in India. Instead, they should inform the bank and use suitable NRI bank accounts. The two most common bank […]

Introduction Many Indians live outside India for employment, business, study, or family reasons. However, they may still earn income from India through rent, interest, property sale, dividends, shares, mutual funds, or business activities. From 1 April 2026, the Income-tax Act, 2025 has come into force and replaced the old Income-tax Act, 1961 for tax years […]

Introduction Many taxpayers see AIS on the income tax portal, yet they do not fully understand its purpose. As a result, they sometimes ignore it while filing their return. However, AIS is very important because it shows the financial information available with the tax department against your PAN. In simple words, AIS works like a […]

Introduction An income tax scrutiny notice can worry any taxpayer. However, it does not automatically mean you made a mistake. In many cases, the Income Tax Department simply wants to verify certain details in your return more carefully. Usually, scrutiny begins because of a mismatch, a missing explanation, an unusual transaction, or a lack of […]