I have become a foreign citizen. Can my mother make me a joint owner in her property in India?ET Wealth Reader's Query: I am a foreign citizen and an only son. My mother wants to make me the joint owner in a property that belongs to ...
Income tax department slaps notices on foreign investors with no earningsForeign investors are receiving unexpected tax notices in India, even for transactions where no profit or dividend was earned. The tax depa...
12 key income tax form changes every taxpayer should know: From Form 16 to Form 168A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will use these new fo...
EPFO guidelines for international workers: Govt lays down procedure to transfer EPF amount to foreign accountsThe Employees Provident Fund Organisation has simplified rules for international workers. Payments can now be made directly to overseas ban...
Gap used by companies to illegally move forex overseas to be fixedThe govt is plugging a loophole exploited by dubious companies using tampered CA certificates and fake UDINs to illegally remit foreign exc...
NRI guide 2025: 8 key rules for repatriating funds after property sale in India
Income tax audit forms are now enabled for business and professional income on ITR e-filing portal, check 5 prominent changes in form 3CA-3CD and 3CB-3CDThe Income Tax Department has enabled Income Tax Audit via Forms 3CA-3CD and 3CB-3CD on the e-Filing ITR portal. These changes are effectiv...
What is NRO account and how are deposits in this account taxed, repatriated?NRO accounts are less restrictive for Indian rupee transactions compared to other types of accounts available to NRIs in India, making them...
CBDT grants further relaxation in e-filing of Income Tax Forms to August 15Taxpayers can now file Form 15 CA and Form 15 CB manually till August 15, the Ministry of Finance said. The decision was taken in view of r...
New IT portal 'created mess', 'failed' to attain objective, says Shashi TharoorTharoor's reaction came a day after the Central Board of Direct Taxes (CBDT) has granted further relaxation in the electronic filing of Inc...
Deadline for filing of foreign remittance tax forms extended till July 15As per the Income Tax Act, there is a requirement to furnish Form 15CA/15CB electronically. Currently, taxpayers upload the Form 15CA, alon...
I-T Dept extends deadline for manual filing of forms related to foreign remittances till July 15The CBDT has also advised authorised dealers to accept such manual forms till July 15 for the purpose of foreign remittances. The new porta...
E-filing norm for remittances easedWhile Form 15CA is a declaration from the taxpayer that tax has been deducted at source against payment to the overseas recipient, Form 15C...
Last date to e-file forms for tax payments to NRIs extended“In view of the difficulties reported by taxpayers in electronic filing of income tax forms 15CA/15CB on the portal www.incometax.gov.in, i...
Users stuck as glitches plague new I-T portalA day after the launch, finance minister Nirmala Sitharaman took cognisance of the various grievances pouring out on social media and passe...
Practical tips to use RBI's Liberalised Remittance SchemeWhile the scheme looks attractive on paper, it is ridden with several practical roadblocks. Confusion exists on what is allowed under the s...
How to remit NRO account funds abroadIn order to remit funds from the NRO account, you would need to submit two documents: Form 15 CA and Form 15 CB. Check out the process.