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
Alert for CXOs and Directors: Acting as authorised signatory for a foreign company now requires PAN, address & more details under Income Tax Rules, 2026New Income Tax Rules, 2026 mandate that Indian employees acting as authorised signatories for foreign companies must now provide their PAN,...
24 Apr, 2026, 02.12 PM IST
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...
25 Mar, 2026, 05.03 PM IST
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...
24 Mar, 2026, 04.39 PM IST
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...
12 Jan, 2026, 06.30 AM IST
Indians returning from US may face higher tax as treaty benefit wanesReturning professionals and retirees from the US face higher taxes. A US clarification on tax treaties may end lower tax rates on their US ...
05 Dec, 2025, 12.02 AM IST
New Income Tax Bill leaves the definition of NRIs & residents unchangedThe upcoming Income Tax Bill has left tax residency criteria unchanged, providing relief to Non-Resident Indians. NRIs earning Rs 15 lakh o...
13 Feb, 2025, 05.56 PM IST
What are the new rules for determining NRI status in India and how income will be taxedTill the end of FY 2019-20, NRIs (including Indian citizens and PIOs) included those who visited India for less than 182 days in an FY. The...
06 Jul, 2022, 10.59 AM IST
How will a change in your residential status affect the taxes you pay in India?From FY 2020-21, an individual who is a citizen of India who is not liable to tax in any other country will be deemed to be a resident in I...
06 May, 2022, 04.38 PM IST
Do you qualify as an NRI, RNOR or an ordinary Indian resident?Your residential status can change from one financial year to the next. So, if you are non-resident for one year, for the next year and the...
12 Apr, 2022, 02.11 PM IST
Overseas Indians float local trusts to escape RNOR tagThe status of an RNOR lies in between that of a non-resident Indian who stays more than 181 days in the country and a regular resident Indi...
04 Apr, 2022, 12.21 AM IST
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...
03 Jun, 2021, 08.57 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
How is the residential status of an individual determined for income taxThe income tax laws classify the residential status of an individual into three categories, depending on the individual's stay in India in ...
16 Oct, 2019, 10.41 AM IST
All about 'Resident but not Ordinary Resident', and why this special status is accordedFor income tax purposes in India, you can be a ‘Resident Indian’ or a ‘Non Resident Indian’. Or you can also be a ‘Resident but not Ordinar...
01 Feb, 2013, 08.33 AM IST
- Understanding the new income-tax forms: Kuldip Kumar, PwC India
CBDT has recently amended Rule 12 of the Income-Tax Rules, 1962 and released the new income-tax return forms to capture the relevant detail...
18 Apr, 2012, 01.27 AM IST
- Tax: Home and away
Indian tax laws are still a nightmare for the NRI's dollar dreams.
31 Jan, 2005, 11.31 PM IST