Income earned or accrued by NRIs in India is subject to tax in India. Section 195 of the Income Tax Act covers Tax Deducted at Source (TDS) on payments/interests received by non-resident Indians (NRI). The rates and conditions for TDS are different for Non-Resident Indians compared to Indians. Let us see the TDS for NRI […]
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We have created this page to share the latest news about NRI tax in India. We update this on a regular basis & share NRI new tax rules & laws – how that can impact NRIs. If you want you can bookmark this page – you can also ask questions related to NRI taxation or […]
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Income tax for Non Residents in India is not very complex but few rules really frustrate NRIs… Let’s check everything that you want to know about India Tax For NRI. An Indian is considered as a non-resident (NRI) when he/she has stayed for less than 182 days of the current financial year in India or […]
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As a Non-Resident Indian (NRI), you are subject to taxation laws applicable in India. There are a few advantages and many disadvantages of the tax policy for NRIs. But you can make the best use of these tax strategies for NRIs Advantages Interest earned in NRE savings accounts and FCNR accounts is tax-free. Tax on […]
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In the budget 2019, there was an announcement that AADHAR can be used in the place of PAN & even at the time of filing taxes. But next day income tax office clarified that they will issue PAN to people who will file using AADHAR. Then came another news that PAN Cards that are not […]
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Let’s check Tax Implications on Different Sources of Income for NRIs in India – also check tax rates for NRIs. Some NRIs do earn income in India as well. If this income exceeds the basic exemption limit, NRIs have to file income tax returns. Even if the tax is paid or deducted, tax returns should be […]
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Is NRI required to file income tax return? – a very common question. In short – an NRI is liable to pay tax under certain conditions. This post will cover that… We have also touched – how to file NRI income tax return online. Let us look at the various aspects of filing tax. Cases when […]
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We love getting gifts. Gifts might involve a lot of emotion and tradition. But we have to consider practical and mundane things like rules and taxation when it comes to gifts in terms of cash or assets. NRIs can give and receive gifts in cash or kind (jewelry, antiques, property) to and from relatives and […]
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