General

What-is-E-campaign

E-campaign Notices – Response On Compliance Cell – Affecting NRIs, Foreign Citizens, Seafarers – Needful To Be Done

What is E-campaign? Does It Have A Connection With Non Residents, NRIs? Income Tax Department has recently (in FY 2020-21) launched an e-Campaign, where they are seeking voluntary compliance from those taxpayers, who are either not filing Income Tax Return or reporting their transactions in their ITR inaccurately. Under e-Campaign, Department is sending Email & SMS to such taxpayers to submit their on Non-filing of ITR, High Value Transactions. E-campaign also report transactions related to Non-residents, NRIs. What are the…

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New Income Tax Portal Launching

New Income Tax Portal Launch – Benefits, Impact For NRIs, OCIs, Seafarers

New Income Tax Portal www.incometax.gov.in Launching – Easy ITR Filing In India – Fast Processing Of Refund Etc – Other Features – Benefits, Impact For NRIs, Foreign Citizens, Seafarers What Is The New Income Tax Portal? What Is Name Of New Portal? In its efforts towards making the tax procedures simplified, the Income Tax Department is launching a new e-filing portal. This will be more friendly to taxpayers. The new portal will be launched on June 7, 2021. In preparation…

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Agriculture-Plantation-Farmhouse Property In India

Agriculture Property In India – Foreign Exchange Laws – NRIs, OCIs, Foreign Citizens

Agriculture /Plantation/Farmhouse Property Purchase/Sale In India – By NRIs, OCIs, Other Foreign Citizens – Rules and Restrictions Under Foreign Exchange Laws – RBI Services Wrt Representation / Clarifications / Compounding – Delhi NCR, Mumbai, Kolkata, Hyderabad, Bangalore, Chennai, Chandigarh, Major Cities India.   Can Non Residents (NRIs, OCIs, PIOs, Other Foreign Citizens) Buy or Sell Agricultrue Property In India? Lot of Non-residents (NRIs, Foreign Citizens) wish to buy an agriculture land, plantation propery or farm house in India. However, this…

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Shares-Mutual-Funds-Capital-Gain-Taxation-In-India

Shares, Mutual Funds Capital Gain Taxation In India

Shares, Mutual Funds Capital Gain Taxation In India What is capital gain taxation in India on sale of mutual funds and shares? Investment In Mutual Funds, Shares With the globalisation, Shares and Mutual Funds have become a popular investment asset across the world. After opening the doors of foreign investment in India, Shares and Mutual Funds have become a popular investment in India as well. As of today, investment in shares and mutual funds are made by all class of…

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aadhaar-pan-linking

Aadhaar PAN Linking – Provisions, Applicability & Impact On NRIs, Foreign Citizens Etc

Aadhaar PAN Linking – Provisions, Applicability & Impact on NRIs, Foreign Citizens Etc In the Budget 2017, Govt of India has introduced a new section 139AA in the Income Tax Act, 1961. This new provisions has made it mandatory for individuals to link their Aadhaar with Permanent Account Number (PAN). Section 139AA Every person, who is eligible to obtain Aadhaar number, shall quote Aadhaar in PAN Application as well Income Tax Return. Where a person does not possess the Aadhaar…

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Contacts

S Lohia & Associates Chartered Accountants 
Address : 1301, Naurang House (13th Floor),
21 Kasturba Gandhi Marg,
Connaught Place, New Delhi 110 001.
Tel No. : +91-11-43505250, 66095250
Tel Fax No. : +91-11-43505250
Mobile No. : 9810353219, 9910353219
Email Us: sulabhlohia@slohia.com