Non-Resident Indians (NRIs) investing in Indian mutual funds might legally avoid paying capital gains tax if certain Double Taxation Avoidance Agreement (DTAA) conditions are met. Let’s break down the important points you should know: DTAA and the Residual Clause: How …
Understanding CRS & FATCA for Reporting Foreign Assets and Income in ITR: CRS & FATCA: In today’s interconnected global economy, tax transparency has become increasingly important to ensure that taxpayers accurately disclose their worldwide income and assets. To combat tax …
CBDT Notification 33/2024: Amendment in Existing Convention Between India & Spain Pertaining to Taxation of Royalties & Fees on Technical Services (FTS) The Government of India (GOI), vide its Notification 33/2024 dated 19th March 2024, has introduced favorable adjustments in …