Higher surcharge for the super rich resident Indians are applicable for NRIs too A dampener for non-resident Indians is the move by the government to plug the loopholes in gifts tax. Currently gifts given by Indian residents to non-resident Indians…
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As a Non Resident Indian, NRIs have typically two different countries to pay taxes into, unless the resident country comes under the DTAA of India, in which case, NRIs just have to pay taxes in one country. But paying taxes…
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An NRI is spared tax on income outside India. A resident is required to pay tax on global earnings. MUMBAI: The investigation wing of the income tax (I-T) department is going through the ‘residential’ status of non-resident Indians (NRIs) with…
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5 things to know about the budget announcement Those who do not have PAN card will be able to file ITR by quoting Aadhaar card number Quoting and authentication of PAN/Aadhaar shall be mandatory for certain prescribed transactions Under the…
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The tax season is back with a bang. This is the time when salaried individuals start getting their Form 16 TDS certificates from employers and business people get reminders from their chartered accountants to prepare for tax filing. As of…
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The income tax return (ITR) forms for FY 2018-19 notified by the government are different from those used to file the previous year’s returns. Some of the changes in the forms have been done in keeping with the changes in…
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A Non- Resident Indian (NRI) who has income, that is earned or accumulated in India, is liable for taxation. Section 195 of the Income Tax Act covers Tax Deducted at Source (TDS) on payments made by NRIs. The rate &…
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Non-resident Indians have a plethora of investment options and have to choose the one that suits them best.Every NRI has surely been troubled by this question: should I invest in India or should I not? A complex cocktail of emotions…
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The Indian real estate market is considered as one of the beneficial investment for NRIs. The challenge for NRIs is to look for a property to invest. On one hand, with rupee touching all-time lows against the dollar, investment in…
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