Explains source-based taxation for NRIs, highlighting taxable Indian income and compliance essentials. Takeaway: focus on India-source income and avoid reporting foreign ...
Buyers must deduct TDS under Section 195 on amounts paid to NRI sellers, deposit by the 7th of the following month, and not rely on the seller’s capital gains ...
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NRIs getting income tax notices for claiming lower tax rate benefit under DTAA; Know how to resolve this situation
Many non-resident Indians (NRIs) those who claimed benefit of lower or nil rate of taxation under the Double Taxation Avoidance Agreement (DTAA) are receiving income tax notice(s) for failing to file ...
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Budget 2026: How new policies may affect NRI taxation
Budget 2026 may rationalise NRI taxation on interest, rent, and capital gains.Focus likely on easing TDS, surcharge, and cash ...
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'Ignorance of law no excuse': Delhi HC dismisses Canadian NRI's plea for ITR delay condonation
The Delhi High Court has dismissed a writ petition filed by a Canada-based non-resident Indian seeking condonation of delay ...
Real estate transactions in India are often challenging for non-resident Indians (NRIs). Knowledge about how the capital gains tax works is critical to avoid unnecessary deductions or problems with ...
Since taxes are generally discharged by such Gift City outbound mutual funds on behalf of its investors, the income is not ...
For non-resident Indians (NRIs), investing in India remains an attractive option, especially in equities and mutual funds. However, the fiscal implications of such investments can be complex. Clear ...
Obligation to file the income-tax return arises when income exceeds the threshold limit specified in this behalf (that is, Rs 2,50,000 if the age is up to 60 years and Rs 3,00,00 if age is more than ...
When Non-Resident Indians (NRIs) return to India after living abroad for an extended period, their tax status and the treatment of their foreign currency accounts such as FCNR and NRE deposits undergo ...
When it comes to finances, the numbers on paper rarely tell the whole story — especially for Non-Resident Indians (NRIs) navigating changing visa and job scenarios. In a recent post on X (formerly ...
Ahmedabad: The income tax department has issued bulk alerts to thousands of taxpayers asking them to disclose foreign assets.
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