NRI alert: The country you live in could be worth lakhs in tax savings on your India income
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 ...
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 ...
Despite being NRI you will be taxed as Indian resident if your income in India is above this; Know what else NRIs need to watch out while filing ITRITR for Non-resident Indians (NRIs): While filing income tax return (ITR) NRIs need to keep a close watch whether deemed residency status h...
Investing for NRIs: A comprehensive guide to opportunities and challengesNRIs have a plethora of investment options in India, ranging from equities and mutual funds to fixed deposits and debt funds. Understanding...
NRO savings account interest rate: SBI vs HDFC Bank vs ICICI BankBanks offer different interest rates on savings accounts, here is a quick comparison of SBI, HDFC Bank, ICICI Bank.
NRIs without PAN can manually file Form 10F till March 31, 2023, to avoid TDS on payments receivedThe Central Board of Direct Taxes (CBDT) has issued a notification on December 12, 2022 offering one-time relied to the non-resident taxpay...
TDS is compulsorily deductible from these types of NRI incomeAn NRI receives different types of income from India. However, if an NRI receives a certain types of income from India, then TDS will be ap...
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 ...
TDS to be deducted on annuity payable to Overseas Citizens of India, NRI NPS subscribersBased on a clarification received from IRDAI, it is hereby clarified that annuity payable by ASPs NRIs and OCIs will be taxed at source, at...
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.
Budget 2013: What NRIs expect from the Finance MinisterThere is much the Budget can do to make tax procedures simpler for NRIs as well as to attract more NRI investments.
Budget 2012 should make TDS for NRIs less tediousTax deduction at source (TDS) is perhaps one of the biggest pain points for a Non Resident Indian’s (NRI) transactions. The budget could do...
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...
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).
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.
- DTC Bill brings bad news for NRIs
As per the existing Income Tax laws, an NRI is liable to pay tax on global income if he is in India in that year for a period or periods am...