Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
09 Jun, 2026, 04.57 PM IST
Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
02 Jun, 2026, 07.11 AM IST
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
29 Apr, 2026, 01.35 PM IST
Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
07 Apr, 2026, 02.31 PM IST
I am an OCI cardholder, will I need to pay tax on inherited assets in India?I am a German citizen, and have an OCI card. How will inheritance of assets located in India be taxed for me? Is the inheritance itself tax...
31 Mar, 2026, 12.06 PM IST
NRIs filing ITR in India should know these four income tax-related changesNRI ITR filing changes: This year, income tax return filing will see changes due to the Income Tax Act amendments made via Budget 2024. Her...
08 Jul, 2025, 03.12 PM IST
Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick rightThe Income Tax Department has notified the updated forms for Assessment Year 2025-26. Here’s a quick guide to help you identify the correct...
03 Jun, 2025, 11.52 AM IST
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...
03 Aug, 2024, 03.13 PM IST
Income Tax filing: Do NRIs need to file ITR if they have no income in India?Non-resident Indians (NRIs) are required to file Income Tax Returns (ITRs) if their income in India exceeds ₹2.5-3 lakhs, facing penalties,...
05 Jul, 2024, 03.11 PM IST
ITR filing: Comparison of ITR filing charges across different websites: Cleartax, TaxBuddy, Tax2Win, KoinX, TaxNodes, TaxSpannerITR filing charges: This article compares the price of filing ITR across different third party websites like Clear, TaxBuddy, Tax2Win, Koin...
28 Jun, 2024, 11.18 AM IST
Income tax made easy: NRIs' complete guide to income tax filingSrishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Ex...
04 Mar, 2024, 03.16 PM IST
Interim Budget 2024 could simplify ITR filing process for NRIsNRI ITR filing: The income tax return filing for non-residents (NRI) is a painful process. This is because they are required to use ITR- to...
18 Jan, 2024, 04.54 PM IST
NRI’s inoperative PAN: List of documents required for making PAN operativeIf an NRI's PAN is still inoperative, he or she must inform the appropriate jurisdictional Assessing Officer of their NRI status and provid...
24 Jul, 2023, 11.37 AM IST
Everything you need to know on taxation of NRIs under Indian Income Tax ActSection 6 of the Income Tax Act prescribes provisions for determination of residential status of an individual. Residential Status is deter...
28 May, 2021, 03.20 PM IST
Latest ITR forms ask for more income details: Here's how to get themThis is the second time in a month the income tax department has updated these utilities. Earlier the department had revised the utilities ...
14 Aug, 2018, 10.54 AM IST
Income tax return form-2 in Java format released for e-filing for FY2017-18ITR-2 can be filed by individuals and Hindu Undivided families having income from any sources except income from profits and gains of busin...
16 May, 2018, 11.12 AM IST
Tax filing tips for Non Resident IndiansAre you a NRI and don't know how to go about filing tax returns in India? Here is what you need to do. World News and Trends I New H-1B rul...
20 May, 2008, 07.15 PM IST