India's Union Budget 2025: A Forward-Looking Approach to Economic Growth

access_time 2025-02-03T07:24:00.865Z face CA Rachana Ranade
India's Union Budget 2025: A Forward-Looking Approach to Economic Growth The recently announced Union Budget 2025-26, presented by Finance Minister Nirmala Sitharaman, outlines an ambitious vision for India's economic future, built on four key pillars of development while introducing significant tax...

What is DTAA and how to avail its benefits

access_time 1724475120000 face CA RACHANA RANADE
What is DTAA and how to avail its benefits What is DTAA? Often, income that originates in India is taxed within the country. However, Non-Residents of India, who are residents of another country, may find that the same income is taxed again in their country of residence, resulting in double taxation...

Foreign Tax Credit

access_time 2024-08-17T11:17:38.063Z face CA RACHANA RANADE
Foreign Tax Credit In today’s globalized economy, individuals and businesses often find themselves engaging in transactions across international borders. While this presents numerous opportunities, it also introduces complexities, particularly when it comes to taxes. Since, different countries have ...

Lower Deduction Certificate

access_time 1723267140000 face CA Rachana Ranade
Lower Deduction Certificate What is Lower Deduction Certificate? A Lower Deduction Certificate (LDC) is a document that certifies to the tax authorities that a taxpayer is eligible for a reduced rate of tax deduction at source (TDS). The LDC helps taxpayers avoid getting higher TDS deducted than the...

Understanding Gift Tax in India

access_time 2024-07-27T04:02:06.183Z face CA RACHANA RANADE
Understanding Gift Tax in India Gifts are a heartwarming way to express love, appreciation, or celebrate milestones. However, understanding the tax implications of giving or receiving a gift in India is crucial to ensure compliance and avoid unexpected tax liabilities. India's gift tax rules have ev...