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As per the provisions of the Income Tax Act, 1961 (ITA), scope of income of an individual liable for taxation in India depends upon the residential status of an Individual in India. The residential status in turn is dependent upon the number of days stay of an individual in India in the relevant financial years and is determined for each financial year separately. The taxation of such indivuduals is known as “Personal Taxation”.
The personal taxation of Indian nationals involves several complex issues such as determination of eligible exemptions, deductions and other related compliances , interest and penalties exposure due to any procedural delays in deposit or filings. Hence, an individual requires professional assistance to perform relevant tax and regulatory compliances.
An employer is required to do various tax compilances in relation to the taxation of the Indian national employees in the nature of Tax Deduction at Source (TDS) compliances. We offer a wide range of services to our clients. Our service offerings related to personal taxation of the Indian nationals are as follows:
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