Finance : Discover essential financial steps and tax tips for NRIs, including converting accounts, trading restrictions, and leveraging DTAA...
Fema / RBI : Discover top investment options and tax-saving schemes for NRIs returning to India, including FDs, NPS, equity, real estate, mutua...
Finance : NRIs visiting India should update KYC in banks, convert accounts to NRO, manage PAN and Aadhar, maintain an Indian mobile number, ...
Income Tax : Discover the need for PAN allotment to Non Resident Indians appointed as CEOs of Indian companies. Learn about the process and req...
Income Tax : Discover the challenges of income tax filing for NRIs from a CA's perspective. Learn about delays, frustrations, and suggestions f...
Corporate Law : Pension Fund Regulatory and Development Authority (PFRDA) has now permitted Overseas Citizen of India (OCI) to enroll in National ...
Income Tax : ICAI released an e-book on Taxation of Non-Residents based on the law as amended by the Finance Act, 2018. The book contains fol...
Finance : Country's largest lender State Bank of India on Friday revised interest rates for deposits by non-resident Indians (NRIs) across m...
Finance : The government is working on procedures to enable NRI,s to vote soon. Addressing the curtain raiser press conference of PBD-2011, ...
Income Tax : The new legislation, introduced in Parliament on Monday, says an individual shall be resident in India in any financial year if he...
Income Tax : ITAT Delhi rules Section 56(2)(vii) inapplicable to non-residents, deleting Rs. 9.31 Cr addition for APL Logistics Vascor Automoti...
Income Tax : In a case involving Anand Persad Jaiswal, ITAT Delhi ruled that interest income earned by a non-resident Indian (NRI) from a forei...
Income Tax : Explore the critical decision in Souvik Mukherjee Vs ITO (ITAT Delhi) regarding taxation of a bonus received abroad, and how it im...
Income Tax : An in-depth analysis of the case Parag Bhikhubhai Patel vs ITO, exploring implications of using passports to confirm US tax reside...
Income Tax : Shri Duraisamy Shanmugasundaram Vs ITO (ITAT Chennai) As per assessee’s submissions, the money deposited in NRE account was with...
Fema / RBI : NRIs/OCIs are governed by provisions of FEMA 1999 and do not require prior approval of RBI for acquisition and transfer of immovab...
Fema / RBI : Provided that, in case of a combination of all or any of the entities mentioned in Sub-Clauses (i) and (ii) of clause 5.5.4.1 abov...
Fema / RBI : These guidelines will issue in modification of paragraph 2(e) of Press Note 4 of 2006 and will be effective from the date of issue...
Non-resident Indians (NRIs) are taxed in India on their income that is earned or accrued in India. NRIs are also taxed on certain capital gains, such as the sale of property in India. NRIs are not taxed on income earned outside of India, unless it is deemed to be accrued or deemed to have arisen in India.
A substantial portion of the remittance goes for investment in real estate across India. This is because the NRI investment norms have been considerably eased now. The government has recently approved a proposal allowing investment made by NRIs to be deemed as domestic investment on par with resident investments. It does mean NRI includes OCI cardholders as well as PIO cardholders.
Explore the impact of residence status on taxation for Indian citizens abroad, NRIs, PIOs, and OCIs. Understand the rules, exemptions, and tax implications.
Learn about the eligibility of NRIs to become trustees in public charitable trusts in India. Explore the clauses in the law and the requirements for inclusion on the board.
Article explains Benefits Of Opening an NRE Account in India, Eligibility Criteria to Have an NRE Account, What Happens to The NRE Account When You Come to India Again, What is an NRO account, Taxation Of NRO Account in India and Differences Between NRE AND NRO Accounts. A Non-Resident External (NRE) Account is a bank […]
Get answers to 151 frequently asked questions (FAQs) about the Foreign Exchange Management Act (FEMA) in India for NRI+PIO.
Understand the Tax Deduction at Source (TDS) provisions for non-residents in the Income Tax Act. Learn about the different sections and their implications.
Dive into the complexities of Non-Resident Persons and transactions under FEMA. Understand the distinctions between NRI and PIO, and explore the nuances of current account and capital account transactions. Unravel the regulations governing dealings in foreign exchange and gain insights into the permissible and prohibited transactions under FEMA.
Understand the taxability of NRIs in the light of India-Singapore DTAA. Learn about residential status, taxation laws, and investments in India and Singapore.
Important precautions for Non-resident Indians selling property in India. Understand the rules and regulations to avoid legal complications and taxes.
