The Tax Department may raise an issue in the assessment but the Court decisions will help you.

The provisions of Section 194 IA are applicable only if there is a transferor and a transferee.

If you are a non-resident under the Income Tax Act, then any income accrued or earned outside India is not taxable in India.

The transaction between two nonresident foreign citizens is with respect to assets which is situated in India.

The moment you convert business assets into capital assets i.e. investment, business income arises.

I am an individual and an interior designer.

I am an individual and a resident of India. I have transferred USD 400,000 under LRS to my foreign bank account in the US.

Tax Queries by Jayesh Dadia, Chartered Accountant.

Tax Queries by Jayesh Dadia ,Chartered Accountant.

Tax Queries by Jayesh Dadia ,Chartered Accountant.

I am an individual and in service with a corporate organisation. In FY 2021-22, I joined a MNC that paid me a joining bonus of ₹ 10 lakhs with the condition that I should work with them till March 2025.

It is a settled law that assessment cannot be made in the name of an assessee who has already died.