By Research desk March 2025 Market Performance Recap: Indian equities witnessed a strong rebound in March 2025, reversing the sharp correction seen in the preceding months. The Nifty 50 climbed 6.31% during the month, recovering part of the 16% decline from its all-time high of 26,216 in September 2024 to the February 2025 low. The […]
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Market Performance – January 2025: Indian equities witnessed a significant correction in January 2025, making it the worst-ever opening month in terms of foreign institutional investor (FII) outflows, with net sales nearing $8 billion. Broader markets faced deeper cuts compared to large caps, with the Nifty hitting a low of 22,829 on 27th January—marking a
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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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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 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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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
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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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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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- 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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