Tax filing is a complicated task as it entails assessment of your taxable income, exemptions claim, tax liability calculations and the final process of filing. Tax filing process also involves use of different forms that makes it a confusing process. Thus, a proper understanding of all the forms is a must for a smooth filing

The savings bank and fixed deposit accounts will need to be designated as Non-resident Ordinary (NRO) accounts as your daughter will qualify as a “person resident outside India” under the exchange control laws. Under the income-tax law, tax deduction for interest repayment on education loan for higher studies is allowed to the individual if the

A nine-day business conference to be held in September in Kochi, Kerala, has just moved to Sri Lanka, with the organisers coming around to the view that footing the goods & services tax (GST) rate of 28% for the event is way too much than paying taxes in hotels in the neighbouring country. “With most

The introduction of Goods and Services Tax (GST) from July 1 may not bring down movie ticket fares in Kerala though it will strip civic bodies of the power to impose taxes and control ticket rates. Though the GST will reduce the tax burden on movie tickets, the associations in film field are planning to