Tag: Ministry of Finance
Salary of Indians employed in the Gulf not taxable in India
When the Indian finance minister had said a month ago that non-resident Indians NRI) who did not pay taxes in the foreign countries where...
Perks under GST: Exemptions up to Rs 50K per year
The Ministry of Finance has clarified that gift has not been defined under GST law. However, in common parlance, a gift is made without consideration, is voluntary in nature and is made occasionally. It cannot be demanded as a matter of right by the employee.