Capital Gain refers to the gain or profit made by selling a capital asset at a higher price than the cost. A capital asset can be shares, immovable assets such…
In USA, rental income from property is calculated by deducting all expenses related to the rental such as advertisement, travel, commissions, management fees, repairs and maintenance, utilities, taxes, insurance and…
Gifts given to NRI From a taxation perspective in India, any money or property received without consideration or inadequate consideration can be considered a gift and taxed in the hands of…