Indian influencers and gig workers face significant tax compliance challenges, struggling with income tracking, TDS discrepancies, and unclear guidelines on business vs. professional classification. The introduction of a new code for social media influencers in tax forms has added to the confusion, with experts calling for clearer official clarifications.
Non-resident Indians (NRIs) face unique challenges in filing income tax returns, including determining tax residency, managing data mismatches, and understanding NRO vs. NRE account implications. Accurate reporting and documentation are crucial due to increased data scrutiny by tax authorities.
Karnataka minister Priyank Kharge has written to RSS chief Mohan Bhagwat demanding detailed disclosures on the organization's legal status, finances, structure, and tax compliance, citing its vast influence and public mobilization.
Buyers of Indian property worth ₹50 lakh or more must deduct 1% TDS under Section 194-IA, depositing it with the government to avoid interest and penalties.
The Income Tax Rules, 2026 introduce new compliance requirements for Indian individuals acting as authorised signatories for foreign companies. Under the updated Form No. 96 (replacing Form 49AA), foreign entities must now disclose details of their Indian representative including PAN, contact information, and proof of identity/address. These individuals face potential personal liability for the foreign company's tax defaults, even after resigning, prompting concerns about reluctance to accept such roles.
