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Can foreign tax credit claim be changed in revised ITR? Budget 2024 should clarify

Under the income tax laws, an individual is taxed based on the residential status. A residential status can either be resident or non-resident. Further, a Resident is categorised into Not Ordinarily Resident (NOR) or Ordinarily Resident (OR) depending on his/her physical presence in India during the previous financial years. Read on to know how it impacts individual. ....

Central Processing Centre , Income Tax Act , Not Ordinarily Resident , Ordinarily Resident , Indian Income Tax Act , Double Taxation Avoidance Agreements , Foreign Tax Credit , Central Board , Direct Taxes , Eighteenth Amendment , Individual Taxpayer , Income Tax Laws , Presidential Status , Global Income ,

union budget 2024: What Interim budget can do to bring money from NRIs back to India

The interim budget for 2024 is expected to revolutionize India s economic landscape and address the challenges faced by NRIs. It will prioritize opportunities to boost economic growth and reduce the tax burden for NRIs. The budget is anticipated to simplify the Tax Deduction at Source (TDS) compliance process for NRIs, making it similar to that of resident sellers. ....

Tax Deduction , Double Tax Avoidance Agreements , Union Budget 2024 , Interim Budget 2024 , Nri Investments , Nri Budget , Nri Tax , Doublt Taxation ,

Imrandd to support CNRI's offshore decommissioning work at UK field with late-life optimization contract

A team of six industrial data scientists and engineers from Imrandd will use existing data from three offshore installations to identify where inspection requirements could be removed or modified. ....

North Sea , Oceans General , United Kingdom , Innes Auchterlonie , International United Kingdom , Ninian Southern , Ninian Central Platforms , Large Language Model , Ninian Central ,

lakshadweep: Start late but get it right in Lakshadweep

India s policymakers need to take a der aaye, durust aaye (started late but got it right) approach now and make Lakshadweep a model in sustainable tourism. That would mean only a miniscule fraction of India s 1.4 billion people can be allowed to stay there at a time. Or else by 2050 the fragile coral atolls of Lakshadweep will be submerged by humans and not by the Arabian Sea due to global warming, as is being predicted for Maldives. ....

Arabian Sea , India General , Havelock Island , Andaman And Nicobar Islands , Rajiv Gandhi , Narendra Modi , Taj Group , Prime Minister Narendra Modi , Taj Exotica , Swaraj Dweep , Nicobar Islands , Pm Modi ,