Taxation Aspects for NRIs, PIOs, Foreigners

By Accommodation Times News Service NRIS, PIOs and Foreigners in India are liable to pay taxes which include the Property Tax, Income Tax, Service Tax, Capital Gains Tax and the Wealth Tax. The Income Tax Act, 1961 grants certain tax concessions to NRIs desirous of returning permanently. Property Tax Property Tax is payable

DTC 2010: Reality check on Realty

Authored by: Vishal J Shah - Executive Director, Vishal S Shah – Manager, Rajesh Nathwani Associate from PwC. The Direct Taxes Code (‘DTC’) Bill, 2010 is a progressive step form the Ministry of Finance to replace the five decade old Income-tax Act, 1961 with effect from 1 April, 2012. The legislature