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NRI TAXATION RULES
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...- 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...
- Is tax-exempt income in India also exempt in the US for NRI?ET Wealth Reader's Query: If an income is tax-exempt in India, is it also exempt in the US for an NRI? For instance, interest on NRE accoun...
- NRIs: Your India investments could be losing money without these 8 rules
- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
- 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...
- GIFT City vs Dubai vs Singapore: What you need to know while choosing your investment hubIndian wealth is increasingly seeking global anchors, with GIFT City, Dubai's DIFC and Singapore emerging as key contenders. Each hub offer...
- NRI alert: The country you live in could be worth lakhs in tax savings on your India income
- Should NRIs move wealth to India or keep it abroad amid global uncertainty?Global uncertainties are making Non-Resident Indians rethink their investments. Many are now considering moving wealth back to India, seein...
- 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 ...
- NRI Taxation: Mutual funds capital gain, TDS rules; STCG, LTCG tax rules from equity, debt, international, hybrid MFs and othersMutual funds taxation for NRI: From FY 2024-25, the capital gains taxation rules were revised for all asset classes, including mutual funds...
- LTCG rules for unlisted shares for NRIs changed; tax rate hiked 25% & foreign currency adjustment removedLTCG tax for NRIs on unlisted shares: The finance minister has amended the budget proposals to remove the benefit of foreign currency adjus...
- Seven things NRIs should keep in mind when choosing a wealth manager back in IndiaNRIs remain a key segment for wealth managers due to India's growing economy and attractive investment opportunities. Wealth managers must ...
- 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...
- How NRIs stuck due to pandemic will be taxed in India for FY 2020-21The new rule was announced before the pandemic-induced travel restrictions. It can unintentionally impact all those NRIs/PIOs who had come ...
- Financial pitfalls NRIs should avoid while investing in IndiaAs NRIs, investing in Indian markets need not be a burdensome task. Today, in the post-pandemic world processes and procedures have swiftly...
- How NRIs can avoid tax troublesThe tax rules for NRIs are quite different from those that apply to resident citizens and are subject to very elaborate tax reporting.
- Student heading to the US? 3 tax rules to keep in mindThe US continues to be a top destination for students going abroad to study. We will look at the tax implications for students going to US ...
- Double Taxation Avoidance Agreements can lower tax bill for NRIsNRIs should consider provisions of the relevant Double Taxation Avoidance Agreement to avoid tax complications. Avoid gifts in cash to keep...
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