Tax Planning | myMoneySage

Unlocking Potential: GIFT City’s Tax-Advantaged Ecosystem

Leave a Comment / Personal Finance, Tax Planning / By Research Desk

Unlocking Potential: GIFT City’s Tax-Advantaged Ecosystem Introduction: In the heart of Gujarat, India, a visionary project known as the Gujarat International Finance Tec-City (GIFT City) has been steadily shaping the future of finance and technology. Spanning over 886 acres, GIFT City emerges as a beacon of innovation and economic vitality. Its inception, rooted in the […]

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Tata Technologies Ltd – IPO review

Leave a Comment / Alternative Investments, Financial Planning, Investment Planning, Retirement Planning, Small Savings, Tax Planning / By Research Desk

IPO review Tata Technologies Ltd stands at the forefront of global engineering services, renowned for its comprehensive offerings in product development and digital solutions. Established on August 22, 1994, and promoted by Tata Motors Ltd, the company has evolved into a powerhouse in the industry, delivering turnkey solutions to global Original Equipment Manufacturers (OEMs) and

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NRI Gift Tax in India – Gift from NRI to Resident Indian or Vice Versa

Leave a Comment / Financial Planning, income Tax, NRI, NRI, Personal Finance, Tax Planning / By Research Desk

NRI Gift Tax: In this article, we’ll examine the effects of presents given by NRIs to Indian residents and vice versa. It is essential to comprehend the gift tax legislation and its exemptions before making any presents. Let’s get started and find out more about the NRI gift tax in India. Click here to be

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AIS - Streamline Filing Tax Return In India

Demystifying AIS: A Comprehensive Guide to its Role in Streamlining Tax Return Filing in India

Leave a Comment / Financial Planning, Financial Planning, income Tax, Investment Advisor, Investment Planning, Personal Finance, Tax Planning / By Research Desk

Automated Income Tax Filing System (AIS) Filing tax returns is a necessary obligation for individuals and businesses alike. The process can be complex and time-consuming, involving multiple forms and detailed financial information. Fortunately, advancements in technology have paved the way for significant improvements in various sectors, including tax return filing. One such technological marvel is

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A Complete Guide to Transferring Property Inheritance to NRIs in India

Leave a Comment / Estate Planning, FEMA, NRI, Personal Finance, Real Estate, Tax Planning, Will Writing / By Research Desk

Transfer of NRIs’ Inheritance Inheriting property is not so complex if you are a resident Indian but on the other hand, if you are an NRI, inheriting property in India is a tangled process that requires professional help as the NRI inheritance law is quite different and complicated from the inheritance law governing the resident

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Do NRIs Need To File Income Tax Returns In India?

Leave a Comment / Financial Planning, Investment Planning, NRI, Personal Finance, Tax Planning / By Research Desk

Filing Income Tax Returns Understanding your residency status as an NRI and how it affects your tax liability is essential. In this article, we’ll discuss the significance of filing income taxes as an NRI, how to calculate your tax burden, important factors to keep in mind while submitting ITR, the advantages of doing so frequently,

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Tax Collection at Source ( TCS ) for Forex Transactions under the LRS Scheme in India

Leave a Comment / Financial Planning, Tax Planning / By Research Desk

TCS for Forex transactions In the Union Budget 2023, Nirmala Sitharaman, the Finance Minister of India proposed a few changes to the Tax Collected at Source (TCS) rates which will affect forex transactions and outward remittances made under Liberalized Remittance Scheme (LRS) from July 1st, 2023. Let us understand the term Forex transactions and LRS

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Section 89A Guide for NRIs: Claiming Tax Relief on Foreign Retirement Benefit Accounts

Leave a Comment / Estate Planning, FEMA, Financial Planning, Investment Planning, NRI, Personal Finance, Provident Fund, Tax Planning / By Research Desk

Section 89A- Tax Relief on Foreign Retirement Benefit Accounts Section 89A: Non-resident Indians (NRIs) planning to settle down in India after retirement with foreign retirement benefits accounts often faces a lot of difficulties in claiming the benefits under Double Taxation Avoidance Agreement (DTAA). DTAA allows NRIs to claim tax credits or tax exemptions on their

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Here is how NRIs Can Utilize DTAA to their Advantage

Leave a Comment / Financial Planning, Investment Planning, NRI, Personal Finance, Tax Planning / By Research Desk

Double Tax Avoidance Agreement (DTAA) Are you a Non-Resident Indian (NRI) who earns income in India? Then you should know about the Double Tax Avoidance Agreement (DTAA) to avoid paying double taxes on the same income. Let’s say if you are a resident of the UK having rental income in India, in such instance your

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Should you apply for Kalyan Jewellers India Ltd IPO?

Leave a Comment / Direct Mutual Fund, Financial Planning, Mutual Fund, Tax Planning / By Research Desk

Kalyan Jewellers India Ltd IPO Kalyan Jewellers India Ltd was incorporated in 1993 and started with a single showroom in Thrissur, Kerala. The company has grown since and is currently one of the largest jewellery companies in India based on revenue as of March 31, 2020. Kalyan Jewellers have expanded their business to become a

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