I am a senior citizen and confused regarding filling of ITR 2. Is it mandatory for permanent NRI to fill schedule FSI, TR and FA in ITR 2? —P S Krishnan Schedule FSI and Schedule TR have to be filled if any foreign income…
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In the last three decades, the Indian diaspora has seen a significant rise. Indians have become more mobile than ever before and have been migrating across the Globe. This migration of NRIs is more in certain geographies like Middle East,…
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The finance ministry in a tweet has announced the extension of income tax return (ITR) filing deadline by a month to August 31, 2018. The tweet says “Upon consideration of the matter, the Central Board of Direct Taxes (CBDT) extends…
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Commercial Property requires a lot of planning before its purchase and there is a need of a clear strategy on what you have to do. As NRIs mostly buy commercial properties with the intention of getting a steady monthly income…
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India continued to be the world’s top recipient of remittance from its diaspora, gathering $69 billion in 2017 – nearly 1.5 times India’s defence budget for 2018-19 – an increase of 9.5 percent from the previous year, according to World…
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For those who became tax payers recently, the deadline for filing one’s returns is July 31 for the financial year 2017-18 – which ended on March 31. The financial year is succeeded by its Assessment Year (AY). For FY 2017-18,…
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Most employers across the globe provide pension benefits to their employees. This may be on account of obligations imposed by statutory requirements or a voluntary employee welfare initiative. Pension plans can be private or government-subscribed plans with contributions by the…
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You are eligible to claim a tax deduction against annual value of a house property in respect of the interest paid by you on a home loan taken to purchase the land and construct a property thereon. Further, a tax…
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Buying a property takes a lot of work and a great deal of investment. There are copious unpleasant stories about fraudulent made against NRIs where their property was illegally seized. As a NRI it is most definitely hard to trust…
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Most employers across the globe provide pension benefits to their employees.
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