A networth certificate is a document certifying the net worth of an individual or Family, usually certified by a Chartered Accountant (CA), after scrutinizing the book of accounts, records and documents, and total assets and liabilities. The net worth…
The Income Tax Act– Section 194IA Any person (i.e. Individual, HUF, Partnership firm including LLP, AOP, BOI, Company, Local authority, Artificial Juridical person) being a transferee of immovable property, other than the agricultural land, responsible for making payment to…
any remittances towards meeting the living expenses (not a direct education expense) of students studying abroad will now face a TCS of 20%, if the parents fail to establish that the money has been sent for education purposes