Homi Mistry

The government should make tax deducted at source (TDS) compliance easier for home purchasers when the vendor is a non-resident Indian (NRI).

Simplification of Compliance and Processes for NRIs and individuals

by Homi Mistry |Jan 30, 2025

As we approach Budget 2025, it is anticipated that the Government will introduce additional measures to simplify the tax filing procedures for individuals and businesses.

Under the current Income Tax provision, a standard deduction of Rs 50,000 is allowed to a salaried taxpayer under both old and simplified tax regime.

Budget 2024: Here’s how your personal tax rules can be affected; check details here

by Homi Mistry |Jan 30, 2024

While the government did bring in many modifications in Budget 2023, it is expected that the budget could likely raise the basic exemption limit by at least Rs 50,000 under both the regimes.

Homi Mistry

Simplification of Compliance and Processes for NRIs and individuals

by Homi Mistry |Jan 30, 2025

Budget 2024: Here’s how your personal tax rules can be affected; check details here

by Homi Mistry |Jan 30, 2024

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