NRI Gift Tax: In this article, we’ll examine the effects of presents given by NRIs to Indian residents and vice versa. It is essential to comprehend the gift tax legislation and its exemptions before making any presents. Let’s get started and find out more about the NRI gift tax in India. Click here to be […]
NRI Gift Tax in India – Gift from NRI to Resident Indian or Vice Versa Read More »
Inoperative NRI Pan Cards: Despite the fact that NRIs are not taxed in India on their foreign income, they are required to file tax returns if they receive any interest income from NRO bank savings accounts or NRO fixed deposits, Rental income from property located in India or Capital gains by selling assets or shares,
Comprehensive Guide for NRIs to Deal with Inoperative PAN Cards Read More »
Filing Income Tax Returns Understanding your residency status as an NRI and how it affects your tax liability is essential. In this article, we’ll discuss the significance of filing income taxes as an NRI, how to calculate your tax burden, important factors to keep in mind while submitting ITR, the advantages of doing so frequently,
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Section 89A- Tax Relief on Foreign Retirement Benefit Accounts Section 89A: Non-resident Indians (NRIs) planning to settle down in India after retirement with foreign retirement benefits accounts often faces a lot of difficulties in claiming the benefits under Double Taxation Avoidance Agreement (DTAA). DTAA allows NRIs to claim tax credits or tax exemptions on their
Section 89A Guide for NRIs: Claiming Tax Relief on Foreign Retirement Benefit Accounts Read More »
Returning NRIs Planning your return to India after working abroad for a decade or two, but worried about the tax implications? We are here to simplify things to give you a smooth transition experience. As per Indian law, the two applicable statutes governing taxation and foreign investment for returning NRIs are Foreign Exchange Management Act
Checklist for NRIs Returning to India Read More »
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
NRI Taxation -How is the Income taxed? Read More »
NRI Mutual Funds Investments are one of the ideal investment options for NRIs, owing to better returns and lesser personal involvement. [MMS_EBOOK]. The Indian economy, being one of the fastest growing economies in the world, attracts investors from all over the world. NRIs are not far behind in investing in India, as it gives them
NRI Mutual Funds Investment in India – A Complete Guide Read More »
The Indian growth story has so far been remarkable. The World Bank has projected that Indian economic growth will be around 7.3% for the fiscal year 2018-19 and 7.5% for the fiscal year 2019-2020. This stable economic growth is a factor that entices many NRIs to invest in Indian equity markets for better returns and
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Being an NRI & moving abroad for employment is one of the most cherished dreams of most of our country’s citizens. No doubt it takes a lot of persistent effort to achieve your dream of working abroad. Once you have settled down in a foreign country, the next concern would be about planning for your
NRI Investments in India – Know All the Options Read More »
