Personal Finance

GIFT City's Tax-Advantaged Ecosystem

Unlocking Potential: GIFT City’s Tax-Advantaged Ecosystem

Unlocking Potential: GIFT City’s Tax-Advantaged Ecosystem Introduction: In the heart of Gujarat, India, a visionary project known as the Gujarat International Finance Tec-City (GIFT City) has been steadily shaping the future of finance and technology. Spanning over 886 acres, GIFT City emerges as a beacon of innovation and economic vitality. Its inception, rooted in the […]

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Infrastructure Investment Trusts (InvITs)

A Comprehensive Analysis of Prominent Infrastructure Investment Trusts (InvITs) in India

Introduction: Infrastructure Investment Trusts -InvITs in India InvITs have become instrumental in shaping India’s investment landscape, providing a unique avenue for investors to participate in the country’s infrastructure development. Understanding InvITs:  Infrastructure Investment Trusts (InvITs) represent a significant evolution in India’s financial framework. These regulated investment tools, overseen by the Securities and Exchange Board of

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Gift Tax

NRI Gift Tax in India – Gift from NRI to Resident Indian or Vice Versa

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

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AIS - Streamline Filing Tax Return In India

Demystifying AIS: A Comprehensive Guide to its Role in Streamlining Tax Return Filing in India

Automated Income Tax Filing System (AIS) Filing tax returns is a necessary obligation for individuals and businesses alike. The process can be complex and time-consuming, involving multiple forms and detailed financial information. Fortunately, advancements in technology have paved the way for significant improvements in various sectors, including tax return filing. One such technological marvel is

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Transfer of NRI Inheritance

A Complete Guide to Transferring Property Inheritance to NRIs in India

Transfer of NRIs’ Inheritance Inheriting property is not so complex if you are a resident Indian but on the other hand, if you are an NRI, inheriting property in India is a tangled process that requires professional help as the NRI inheritance law is quite different and complicated from the inheritance law governing the resident

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Filing Income Tax Returns

Do NRIs Need To File Income Tax Returns In India?

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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National Bonds Second Salary Scheme (SSNBS)

National Bonds Second Salary Scheme ( SSNBS ): Monthly Income Scheme in UAE

National Bonds Second Salary Scheme (SSNBS) The Second Salary National Bonds Scheme (SSNBS) is a savings plan in the UAE that allows you to earn a monthly income from your investments. The scheme offers participants the freedom to choose their preferred tenor, ranging from 3 to 10 years. During this period, savings grow steadily, with

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Art Investments

Art as an Asset Class: Exploring the Potential Benefits and Risks of Art Investing

Art Investments Art has long captivated the human imagination, serving as a medium for creative expression, cultural representation, and aesthetic appreciation. However, beyond its intrinsic value, art has also emerged as a promising investment avenue, attracting the attention of individuals seeking to diversify their portfolios. This article delves into the world of art investing, exploring

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Section 89A

Section 89A Guide for NRIs: Claiming Tax Relief on Foreign Retirement Benefit Accounts

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

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Double Tax Avoidance Agreement (DTAA)

Here is how NRIs Can Utilize DTAA to their Advantage

Double Tax Avoidance Agreement (DTAA) Are you a Non-Resident Indian (NRI) who earns income in India? Then you should know about the Double Tax Avoidance Agreement (DTAA) to avoid paying double taxes on the same income. Let’s say if you are a resident of the UK having rental income in India, in such instance your

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