Filing Income Tax Return (ITR) for Seafarer
As per Section 139(1)(b), every individual, if his total income exceeds the maximum amount which is not chargeable to income tax shall file his return
Rohit Pithisaria 15/07/2024
Menu
As per Section 139(1)(b), every individual, if his total income exceeds the maximum amount which is not chargeable to income tax shall file his return
Traders in the foreign exchange market implement the same two types of analysis as stock market investors do: fundamental and technical analysis. The applications of
A seafarer salary is tax free in India if he is out of India for 184 days or more (185 days in case of a
Meaning of Seafarer A sailor, seaman, mariner or a seafarer is a person who navigates water bone vessels or assists as a crew member in
Taxability of Salary Income Salary income received by a non-resident seafarer working on a Foreign Flag Ship (sailing outside India) is not taxable in India.
Non-resident seafarers are allowed to have various types of bank account as follows: – Non-resident Ordinary Account (NRO) It is a rupee-denominated saving account for
Meaning of Input Tax Credit (ITC) Input Tax Credit refers to the tax already paid by a person at time of purchase of goods or
A complete comprehensive article regarding GST applicability on Indian freelancers providing services in India/outside India.
Will India Impose the New 28% Tax on the Online Casino Market The Indian online gambling sector has soared over the past years, and the
Details, as furnished in Details of outward supplies in Form GSTR-1, will be available to the composite dealer in Form GSTR – 4A. The dealer
Services provided by the hotel is a taxable service in GST. The place of supply will always be the state/union territory where the hotel is
Introduction Composition scheme under GST law is for small businesses. This is to bring relief to small businesses so that they need not be burdened
As per Section 139(1)(b), every individual, if his total income exceeds the maximum amount which is not chargeable to income tax shall file his return
A seafarer salary is tax free in India if he is out of India for 184 days or more (185 days in case of a
Meaning of Seafarer A sailor, seaman, mariner or a seafarer is a person who navigates water bone vessels or assists as a crew member in
Taxability of Salary Income Salary income received by a non-resident seafarer working on a Foreign Flag Ship (sailing outside India) is not taxable in India.
Non-resident seafarers are allowed to have various types of bank account as follows: – Non-resident Ordinary Account (NRO) It is a rupee-denominated saving account for
Resident & Non-Resident Individuals (all age group) for FY 2023-24 & FY 2024-25 under the New Tax Regime under section 115BAC Net Income Range FY
National Saving Certificate, commonly known as NSC, is saving bonds issued by Indian Government to individuals only. It is primarily focused on small savings. Also,
What is PPF (Public Provident Fund)? PPF stands for Public Provident Fund which is backed by Indian Government. It is the most common investment for
Ayushman Bharat or PMJAY is a scheme of National Health Protection Mission Council. It is a social health insurance scheme for the general citizens of
Peer to Peer lending (P2P) concept although new to the Indian investors and borrowers, gaining popularity at a rapid pace. The complex and time consuming processes
Mutual funds is a trust that is managed by the professionals, whose main task is to gather funds from different investors & further invest them
Sukanya Samriddhi Yojana (SSJ) was notified on 2nd December 2014 by the Central Government of India. This scheme is launched to tackle the basic problem