Budget 2020 the day after: NRIs’ bona fide foreign income won’t be taxed
The government said it doesn’t intend to tax income that bona fide workers earn overseas, allaying concerns about a budget proposal relating to non-resident Indians (NRIs) that said those who weren’t taxed in another country were liable to pay tax…
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Budget 2020: NRIs not required to file income tax returns in certain cases
Budget 2020: In areas of ease of compliance, one such amendment proposed by the Finance Minister is to extend exemption to non-residents from filing annual income-tax return in India in additional cases. Budget 2020 was presented by the Hon’ble Finance…
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Incomes of bonafide NRI workers in tax-free countries will not be taxed in India
The Finance Ministry has issued a clarification that clears the air over a contentious anti-tax abuse Budget proposal that had raised the hackles of many non-resident Indians. As per the proposal, “an Indian citizen who is not liable to tax…
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Budget 2020: Govt proposes income tax on non-taxpaying NRIs
The budget has turned out to be taxing for the non-resident Indian. Firstly, to be categorised a non-resident, an Indian now has to stay abroad for 240 days a year, against 182 previously. In other words, an Indian national, to…
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Legalities of NRI property ownership
Though the Indian real estate environment has become very conducive for NRI investors yet again, there is often still hesitation to take the plunge because of uncertainty about the legal implications. The doubts that many first-time NRI property investors have…
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Things NRIs must know before investing in an NRE Fixed Deposit Account
According to the World Bank’s latest Migration and Development Brief, India has been recognised as the top recipient of remittances, with the country receiving a whopping $79 billion as remittances in 2018! However, a large chunk of this amount is…
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How can NRIs claim their dividends ?
Unclaimed dividends are the dividends that have been paid by the company but have not been taken or claimed by the shareholder. The Ministry of Corporate Affairs (MCA) proactively introduced Section 125 of the Companies Act, 2017, deals with declaration…
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How can a NRI apply for a home loan in India?
Owning a property in India is everyone’s wish or dream. NRIs also have started to invest their money into the properties in India as the Indian sector has a massive scope of growth in the future. The number of expatriates…
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Government approves issuance of Aadhaar card to NRIs
The government has approved NRIs (Non-resident Indian) to get their own Aadhaar number after coming to India. Finance Minister Nirmala Sitharaman proposed this in Union Budget 2019, to issue Aadhaar cards to NRIs having Indian passports after they arrive in…
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