Foreign Retirement Fund Accounts – Taxability in India – Returned NRIs, OCIs

Foreign Retirement Fund Accounts – Taxability in India – Returned NRIs, OCIs

Background – Returned NRIs, OCIs Maintaining Retirement Benefit A/c Abroad Many Indians go abroad for work. Many of them wants to come back after sometime. During their work abroad they contribute to various Retirement Funds as per the prevailing employment retirement plans in that country. Once they quit their employment abroad, and plan to come … Read more

Why Linking PAN Card to Aadhaar Card is Mandatory

Permanent Account Number or which is simply called as PAN number is your identity for financial transactions in India. On the other hand Aadhaar card is a sixteen digits unique identification number which is given to every Indian defining unique identity of everyone. As Aadhaar card contains all the biometric details of a person, hence … Read more

Income Tax Department Warns Public for Cash Dealing Above 2 Lakhs

In a fresh statement made by Income Tax Department, it has warned people against getting indulged in a cash transaction of Rs. 2 Lakh or more. The department also warned that the receiver will also be imposed an equal amount of penalty in such a case. With this, the department also advised people to complain … Read more