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Articles by Shivangi Agrawal

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Determining residential status as per FEMA

  Shivangi Agrawal    12 August 2020 at 09:29

When a resident Indian gains non-resident Indian status, it is mandatory by the law to change the residential status in the bank accounts. FEMA rules for NRIs do not allow holding a savings bank account in India.

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Posted in LAW |   2865 Views

Section 115BAC- Should you go for the new tax regime?

  Shivangi Agrawal    11 August 2020 at 09:57

From FY 2020-21, you can choose to pay income tax under an optional new tax regime. The new tax regime is available for individuals and HUFs. “Lower tax rates but no deductions/exemptions” is the key feature

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Posted in Income Tax  2 comments |   4275 Views

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