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IMPLICATIONS OF RESIDENTIAL STATUS
Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
Husband claimed wife wasn't doing household work; HC orders him to pay Rs 20,000/month as wives not ‘deemed maids’The husband, a Chartered Accountant (CA) by profession, had in 2004 filed for a divorce on the ground of cruelty, claiming that “wife was n...
Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
NRI tax guide: Returning to India? Here's exactly when the tax department starts taxing your foreign income
Back in India, still working abroad? Understand your tax implicationsRising global tensions prompt Non-Resident Indians to return home, working remotely. This shift creates tax concerns as physical presence i...
Expats staying longer in India? Here’s how residency rules can change your tax liabilityExpatriates in India for extended periods face changing tax rules. Staying longer can shift residency status, impacting tax liability on wo...
NRIs returning to India: 6 tax mistakes that can haunt you years later & how to avoid themReturning Indians face significant tax challenges, often experiencing 'return shock' due to complex rules on residency, overseas income, an...
NRIs returning to India: Here's a checklist covering banks, MFs, foreign assets, PAN, Aadhaar, property for what you need to doHere is a checklist for NRIs returning to India
New Income Tax Bill is coming next week says FM in Union Budget 2025: What is it likely to contain?Finance Minister Nirmala Sitharaman will introduce a new Income Tax Bill next week, modelled on the Direct Tax Code. The aim is to simplify...
Decoding tax rules for NRIs working remotely from India for foreign employersThe pandemic led to work flexibility, impacting NRIs with significant tax implications. The article discusses tax laws, DTAA, Act exemption...
Can NRIs continue to operate their PPF accounts?NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is c...
Tax Obligations: What you need to do before moving abroadA person moving abroad or coming back to India must be compliant with FEMA (Foreign Exchange Management Act) and the Income-tax Act. FEMA g...
Are you an NRI stranded in India due to Covid? Watch out for these tax rulesWhile work may not be affected in such a scenario, tax implications have changed significantly for these individuals. If you're an NRI stra...
What will be tax impact on NRIs stranded in India due to novel coronavirus pandemicAn NRI stranded in India due to coronavirus travel restrictions would require to check the conditions to decide whether there could be addi...
NRIs’ residential status comes under I-T lensAn NRI is spared tax on income outside India. A resident is required to pay tax on global earnings.
How Non-Residents in India can claim tax relief under Double Taxation Avoidance AgreementA tax resident of a tax treaty country (say US) can claim tax exemption on his salary income in India for his short stay in India irrespect...
- Q&A: Expert guide in matters relating to tax
Our expert guides you in matters relating to tax.
- Tax solutions for globally mobile employees
Global mobility of the employees ensures creation of a globally-competitive team and best utilisation of expertise available within the gro...
- Tax solutions for globally mobile employees
Global mobility of the employees ensures creation of a globally-competitive team and best utilisation of expertise available within the gro...
Tax implications of an overseas assignment in the year of departureIf an overseas assignment is not planned keeping tax implications in mind, there could be additional tax burden & painful compliances. Spec...