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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The current budget was presented by the finance minister, Nirmala Sitharaman on July 5, 2019. She was an NRI but did that helped her in understanding concerns of NRIs? Budgets are becoming nonevent as governments don’t wait for one year to announce changes. If they think something is important they introduce it anytime. Budget impact […]
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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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