Archive for October 2010
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Income Tax India
Income tax is an amount of tax which is paid by workers and business men on their income. There is no age limit for a person to be liable to pay income tax. You have to pay tax whether you are working or a pensioner if your income is more than a certain level [...]
New tax code for NRIs
India’s New Direct Tax Code (DTC) described as generous to residents unfortunately seeks to extract a mouthful from millions of non-resident Indians (NRIs). It is good news that the government is all set to replace the age-old Income Tax Act of 1961 and bring far reaching changes in the tax structure with an aim [...]
