tax evasion via Bitcoin

Tax evasion via Bitcoin: How Bitcoin helps in tax evasion?

Disclaimer: This write up is only for the purpose of knowledge and doesn’t encourage tax evasion via Bitcoin.

“Bitcoins ko taxable karne ka intezaar toh kai mulkon ki govt kar rahi hai, magar ise tax karna mushkil hi nahin,…ahem ahem….” Continue reading “Tax evasion via Bitcoin: How Bitcoin helps in tax evasion?”

Non Resident

Tax Authorities want Non Resident Indians to disclose foreign bank details

Non Resident Not ‘Devo Bhavah’!

The tax department has dropped a bombshell on Non Resident Indians (NRIs) and Foreign Nationals quietly.
Non residents, who avoided disclosure of their income parked outside India by maintaining the status of Non Residents will not be able to do so now onwards. As per existing laws, income earned outside India are not taxable in the hands of a Non Resident. Neither is the NR required to disclose his foreign source assets in his tax return. Continue reading “Tax Authorities want Non Resident Indians to disclose foreign bank details”