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RESIDENT AND ORDINARILY RESIDENT
School assembly news headlines for June 16: Top national, international, business, sports update and thought of the dayIndia and Slovakia elevate ties to a comprehensive partnership. A rival tutor accuses Khan Sir of murder. Delhi census Phase 1 records over...
2.3 cr people, 76 lakh houses, 55 lakh households recorded in Delhi during Census Phase 1Delhi's Census 2027 first phase is complete. Over 76 lakh houses and 55 lakh households were covered. Provisional data shows more than 2.3 ...
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...
ITR-2 online filing and excel utility for A.Y. 2026–27 are now enabled on the e-Filing ITR portalIndividuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...
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...
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
ED case files in poll-bound West BengalThe Enforcement Directorate is actively investigating several money laundering cases across West Bengal. These probes target alleged corrup...
4 new PAN card forms in FY26-27: Which form to use- 93, 94, 95 or 96? Old vs newStarting April 1, 2026, new PAN application forms are in effect. Four distinct forms, 93, 94, 95, and 96, cater to specific applicant types...
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...
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...
Revised ITR deadline extended with a penalty in Budget 2026Finance Minister Nirmala Sitharaman has proposed extending the deadline for revising income tax returns from December 31 to March 31, allow...
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...
Two changes proposed in definition of residency in Union Budget 2020This will make it easier for tax authorities to determine residential status of such individuals without asking for passport copies. Indivi...
NRIs may have to pay tax in India if not paying anywhere else: Budget 2020Budget 2020 has proposed to tax NRIs in India, who are not paying tax anywhere in the world.
Non-residents, not-ordinarily residents in tax tangle: Experts"CBDT may need to clarify reporting requirement for unlisted equity shares in foreign companies for NR/NOR,” said Sonu Iyer, tax partner an...
What NRIs & expats should know about tax filing in IndiaThis year, non-resident Indians will have even more trouble filing taxes because CBDT has introduced several changes in the tax filing spac...
NRIs returning to India: Avail the benefits given under tax lawsHome-coming would be easier on pocket with proper understanding & utilisation of benefits given under Indian tax laws.
- Tax solutions for globally mobile employees
Global mobility of the employees ensures creation of a globally-competitive team and best utilisation of expertise available within the gro...
- Tax solutions for globally mobile employees
Global mobility of the employees ensures creation of a globally-competitive team and best utilisation of expertise available within the gro...