The taxes collected from the individuals is the foundation of the Indian Economy. Even though, NRIs live in abroad, they still have a source of income in India. So, they are also liable to pay Income Tax in India. NRI…
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Unique Identification Authority of India (UIDAI) has issued a unique 12-digit identification number, called Aadhar, which not only serves as proof of identity and address, but also enables Indian residents to avail of various government subsidies. NRIs, who have not…
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11 Important things that every Property owner must keep in mind If you are a NRI and have a property in India, you might want to rent out your property to a tenant. Before you rent out your property, you…
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Tax filing season has already begun and the due date to file your ITR for FY 2018-19 is set at July 31, 2019. As taxpayers are getting their financial documents ready to file their ITR, NRIs also wonder whether or…
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Tax rules for NRIs (non-resident Indians) who are selling a property in India are different from the rules that are applicable to Indian sellers. In this edition of our NRI Knowledge Series, let us examine what would be tax liability…
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Financial planning is slowly getting to be as commonplace as a commodity, though there are subtle underlying complexities. These could be factors like life expectancy, return expectations and rate of inflation, to name a few. For a non-resident Indian (NRI),…
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Going by the Budget 2019 proposals, a salaried individual with gross total income up to Rs 7.75 lakh can invest in various tax saving avenues and avail of different deductions to reduce taxable income to Rs 5 lakh and consequently…
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The interim finance minister abolished income tax on notional rent from the second self-occupied house, benefiting those with two houses but no outstanding loan on the second one. “Since most people don’t have housing loans running on their self-occupied second…
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Non-resident Indian property investors and buyers stand to benefit significantly from an impending tax cut that has been proposed by a panel in a bid to give the much-needed fillip to the lackluster Indian real estate sector. The possible Good…
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Rent free accommodation provided by the employer to an employee is chargeable to tax as a prerequisite under the head salary. Thus, you shall be required to pay tax on the same. The value of such perquisite is determined separately…
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