It is mandatory for residents who hold foreign assets, bank accounts and financial interest to report these matters in their income tax returns in India
2 min read11 Sep 2018The rules for determination of residential status under the exchange control law are different from those under the income tax law.
2 min read4 Sep 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared