income Tax Archives - Mymoneysage Blog

NRI Taxation -How is the Income taxed?

Published date July 29, 2020 | by Research Desk | Advisor Zone, income Tax, NRI, NRI, Personal Finance

It is essential to determine the residential status of the taxpayer to determine the taxability of income earned by such taxpayer. However, in the case of a resident taxpayer, all his income would be taxable in India, irrespective of the fact that income is earned or has accrued to taxpayers outside India. However, in the Read more...
11 Rules to know – Am I an NRI under FEMA and the Income Tax Act? | My Money Sage

Published date April 4, 2019 | by KishorKumar Balpalli | FEMA, Financial Planning, income Tax, NRI, Tax Planning

Your residential status determines which investments you can make and how much tax you will have to pay. Many of our clients ask us about whether they are Non-Resident Indians (NRIs) or residents. They are not able to make sense of the rules under the Foreign Exchange Management Act (FEMA) and the Income Tax Act. Read more...

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