India assured DTAA tax benefits will continue after Supreme Court ruling, Mauritius Cabinet Note saysIndia has assured Mauritius that it will uphold benefits under the Double Taxation Avoidance Agreement. This comes after a Supreme Court ru...
GIFT City investment edge for NRIs: Tax benefits and global investment access with new insurance opportunityNRIs now have a new investment avenue through GIFT City. This international financial hub provides access to global markets and tax-efficie...
NRI alert: The country you live in could be worth lakhs in tax savings on your India income
US 401(k) and other overseas pension account holders: Forms ITR-1 and ITR-4 are no longer available under the new Indian I-T Act; they must now file ITR-2 or ITR-3New Income Tax Return forms have removed ITR-1 and ITR-4, requiring US 401(k) and overseas pension account holders to now use ITR-2 or ITR-...
NRIs tax alert: March 31, 2026 is the deadline to claim foreign tax credit using Form 67 for income earned in FY 2024–25Non-Resident Indians earning income abroad in FY 2024-25 have a crucial deadline. They must file Form 67 by March 31, 2026. This form is es...
UAE residents investing in Indian mutual funds: Key Indian tax rules you must follow to claim India-UAE DTAA benefitsUAE residents investing in Indian mutual funds can claim tax benefits. They must obtain a Tax Residency Certificate (TRC) from the UAE. Fil...
Supreme Court caps TDS on foreign remittances at 10%, says Income Tax Act cannot override DTAAThe Supreme Court ruled that tax deduction at source on remittances to non-resident entities cannot exceed 10% as per Double Tax Avoidance ...
Double tax for NRIs if this form is not filed and this is not claimedNon resident Indian (NRI) taxation: NRIs have to pay double the tax on the same income if their favourable DTAA rates and tax releif claim ...
How NRIs can use DTAA to avoid double taxation in IndiaResidential status plays an important role to determine how income earned by an individual is taxed in a country. If an NRI stays in India ...
India notifies revised tax treaty with KenyaThe revised Double Taxation Avoidance Agreement (DTAA) was notified on February 19, 2018, a finance ministry statement said.
DTAA benefits applicable to partnership firms in India, UKCBDT has said that benefits under the India-UK Double Taxation Avoidance Agreement (DTAA) would be applicable to partnership firms in the U...
Government negotiating to amend capital gains taxation under DTAASome of the DTAAs allow taxation of capital gains on shares only in the country of which the taxpayer is a resident.
How NRIs can claim tax benefits under DTAANRIs residing in any of the DTAA countries can avail of benefits provided under DTAA by timely submission of residency certificate.
India, Mauritius to fast-track long-pending DTAA revisionPrime Minister Narendra Modi and his Mauritian counterpart Sir Anerood Jugnauth expressed their resolve to prevent misuse of DTAA.
- Mauritius hopeful of addressing DTAA issue with India
Mauritius PM said a "mutually satisfactory" solution can be found about the alleged misuse of its Double Taxation Avoidance Agreement (DTAA...
- Re-negotiation of DTAA with Mauritius to resume in July: Govt
The DTAAs with Mauritius and tax havens are said to be widely misused for bringing illegal wealth back to India through FDI and FII.
- FM Pranab Mukherjee tells swiss counterpart Johann N Schneider-Amman to expedite revised DTAA
India has asked Switzerland to expeditiously ratify the amended DTAA to facilitate exchange of information on funds.