NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
19 Jun, 2026, 03.44 PM IST
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...
30 Mar, 2026, 10.07 AM IST
Dividend given to non-residents can’t be taxed at rates higher than DTAA, rules Bombay High Court; Know what it means for NRIsThe Bombay High Court has delivered a significant ruling on dividend taxation for foreign companies. Dividends paid by Indian subsidiaries ...
29 Jan, 2026, 12.12 PM IST
Delhi HC quashes I-T order to EY on withholding taxThe Delhi High Court has overturned an Income Tax Department ruling concerning Ernst & Young. The court ordered a fresh review of Ernst & Y...
15 Jan, 2026, 12.12 AM IST
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...
06 Mar, 2016, 01.15 PM IST
Five FPIs challenge MAT before Bombay High Court; hearing on May 6As the MAT issue tripped the market -- Sensex shed more than 900 points in April alone -- the government has reached out to FPIs.
30 Apr, 2015, 09.11 PM IST
FII tax liability to be much lower post DTAA benefits: Govt sourceFollowing a ruling by the AAR, the revenue dept has sent notices to 68 FIIs for payment of dues totalling Rs 602.83 crore towards Minimum A...
26 Apr, 2015, 02.10 PM IST
- Black Money: Finance Ministry to ask tax havens for past banking info
The Finance Ministry has decided to write to tax havens and other countries to obtain past information of banking-related transactions in s...
13 Dec, 2011, 05.09 PM IST
How NRIs can claim TDS exemptionAny claim for reduced rate of TDS or exemption from TDS will be available only if you have a Permanent Account Number (PAN), so make sure y...
29 Nov, 2011, 05.24 PM IST
How DTAA provisions help NRIs avail reduced TDS rate on certain incomes in IndiaIf you are availing this lower rate, you would need to submit a tax residency certificate (issued by the country of your residence).
11 Nov, 2011, 11.01 AM IST
- FDI from Mauritius crosses $50 bn
India's foreign direct investment through Mauritius, considered a tax haven, has crossed $50 billion accounting for 42 per cent of the tota...
31 Oct, 2010, 12.06 PM IST
- No tax on foreign cos if arm's length basis followed: ITAT
The Income Tax Appellate Tribunal (ITAT) has held that a foreign company is not liable to pay tax to Indian authorities if its domestic age...
09 Feb, 2010, 01.51 AM IST
- Aishwarya gets tax relief on earnings abroad
The Income-Tax Appellate Tribunal (ITAT), Mumbai, has allowed the actress to take credit for the tax already paid in the UK and the US.
09 Jan, 2009, 04.15 AM IST
- Ash gets tax relief on US, UK earnings
Actress Aishwarya Rai has got tax relief for earnings from the UK and the US. The Income-Tax Appellate Tribunal (ITAT), Mumbai has allowed ...
07 Jan, 2009, 10.17 AM IST
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...
18 Nov, 2008, 05.42 PM IST
- Investing abroad? Check out treaty benefits
Recently, the Reserve Bank of India permitted resident individuals to remit up to $50,000 per financial year.
27 Feb, 2007, 04.22 AM IST
- Avoiding double taxation overseas
Is your MNC employer deputing you to the parent’s overseas office? A DTAA with the country of destination can affect your tax burden.
12 Dec, 2006, 12.56 AM IST