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BUDGET IMPACT ON NRIS
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
Budget 2025 leaves NRIs with a more complicated financial futureThe Union Budget 2025 tightens tax regulations for NRIs, including students and professionals abroad, increasing scrutiny on foreign income...
Should Budget 2025 restore the 182-day residency rule for visiting NRIs and PIOs?The Finance Act 2020 has introduced new tax residency rules for non-resident Indians (NRIs) and People of Indian Origin (PIOs), complicatin...
LTCG rules for unlisted shares for NRIs changed; tax rate hiked 25% & foreign currency adjustment removedLTCG tax for NRIs on unlisted shares: The finance minister has amended the budget proposals to remove the benefit of foreign currency adjus...
What is the Budget impact on NRIs? IIFL Sec’s Anand Khanvilkar answers"From a Budget perspective, why the government has not made any changes is because the remittances have been substantial as domestic growth...
How NRIs stuck due to pandemic will be taxed in India for FY 2020-21The new rule was announced before the pandemic-induced travel restrictions. It can unintentionally impact all those NRIs/PIOs who had come ...
No residency rules tax relief for NRIs stranded due to Covid for FY 2020-21 in Budget 2021These stranded NRIs had been given relaxation in residency criteria for income tax purposes for FY 2019-20. NRIs were seeking relaxation be...
Budget move on NRIs may prompt use of tie-breakerMany face questions regarding assets in India unless the govt changes legislation, say experts.
Budget 2020 the day after: NRIs' bona fide foreign income won't be taxedThe government said the provision was an “anti-abuse” one and will only apply to income that is generated locally.
NRIs may have to pay tax in India if not paying anywhere else: Budget 2020Budget 2020 has proposed to tax NRIs in India, who are not paying tax anywhere in the world.
Budget 2020: NRIs to face more tax compliance issuesAccording to the proposal, income earned abroad will be exempt if any tax is paid in another country. The question that arises is what happ...
High-level panel to study merger of NRI & FPI routesThe govt plans to appoint a high-level committee to look into merging the NRI and FPI routes.
Budget 2019 proposes to expand scope of Black Money Act to include NRIsNRIs will be under glare for their undisclosed properties and bank accounts created during the years when they were ‘residents’.
Budget 2013: What NRIs should know about the FM's proposalsIndian economy is looking at sources to inject funds. NRIs are an important audience that can augment this financial requirement.
Budget 2013: Measures that will impact NRIsIf you are a non-resident receiving royalties from India for any technical services provided, the tax rate will now be 25% instead of 10%.
NRIs fear DTC taxing properties in India: SICCINRI industrialists here have expressed apprehensions about proposed DTC, which may tax their properties and foreign currency deposits in In...
Budget 2012 India: Why returning NRIs should watch for new clause in Wealth Tax ActA new provision in the Wealth Tax Act is likely to impact NRIs who have returned to India, especially those with significant asset holdings...
Budget 2012 and its impact on NRIsDeferring of DTC may come as a relief for NRIs as the proposal would have impacted all those NRIs who visited India frequently.
Budget 2012: Five things NRIs wantTax deduction at source is perhaps one of the biggest pain points for a NRI's transactions. The budget could do well to address some of the...
- FM gives NRIs more investment options
NRIs will continue to enjoy exemption on the long-term capital gains on which securities transaction tax has been paid. Budget: Personal Ta...