Many property sellers have to pay 3.5 times more TDS and TCS due to issues with Income Tax TDS, TCS rules; Five such I-T rules need overhaulIncome Tax on property: There is a problem with the Income Tax law due to which in immovable property sale cases, Taxpayers especially NRIs...
08 Oct, 2025, 01.42 PM IST
NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand noticeAn NRI faced tax issues after a property sale in Pune for Rs 2 crore. The buyer used the wrong TDS form (26QB), causing problems. The Incom...
14 Jun, 2025, 01.28 PM IST
NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. ...
31 Jan, 2025, 04.00 PM IST
NRIs' expectations from Budget 2025: 9 changes that NRIs want in income tax rulesThe simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing...
29 Jan, 2025, 07.00 PM IST
How Budget 2025 can help bring more NRI money back homeAs Budget 2025 nears, NRIs look forward to reforms aiming at simplifying TDS compliance, enhancing DTAA benefits, easing the repatriation p...
10 Jan, 2025, 02.40 PM IST
For Budget 2025, AMFI proposes uniform rate for surcharge on TDS for NRIsAMFI has proposed a uniform 10% surcharge rate on TDS for NRIs on dividend payments and capital gains from mutual funds. This aims to addre...
07 Jan, 2025, 12.52 PM IST
Will Budget 2025 make the tax math easier when buying property from NRIs?Homebuyers face complex tax compliance when purchasing property from NRI sellers, who require a TAN, e-TDS returns, and face restrictions o...
03 Jan, 2025, 04.09 PM IST
Money Matters: An NRI's guide to renting out property in IndiaNRIs renting out properties in India must manage taxes effectively. Rental income exceeding exemption limits requires filing an ITR. Compli...
30 Dec, 2024, 01.58 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
Budget 2024: NRIs expect simplified TDS compliancesInterim Budget 2024: Lately, there has been a heightened emphasis on deductors adhering to TDS (Tax Deducted at Source) regulations, and fa...
01 Feb, 2024, 06.54 AM IST
What Interim budget can do to bring money from NRIs back to IndiaThe interim budget for 2024 is expected to revolutionize India's economic landscape and address the challenges faced by NRIs. It will prior...
23 Jan, 2024, 05.48 PM IST
Ease TDS rules for buying house property from NRIs in Budget 2024The government needs to facilitate ease of transacting and reduce compliance difficulties in buying property from NRIs. This is because a b...
12 Jan, 2024, 10.40 AM IST
Factors that NRIs should take into account while selling property in IndiaWhile purchasing property in India is an attractive proposition and a common investment option among the Indian diaspora, selling these ass...
18 Aug, 2023, 01.49 PM IST
Tax tweaks Budget 2023 should propose to pull more funds from NRIsNRIs remit funds to India for various reasons which may include the upkeep of their dependents staying in India, the continuation of their ...
09 Jan, 2023, 04.38 PM IST
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...
09 Nov, 2022, 11.39 AM IST
Breaking down the budget, from an NRI's point of viewThe raising of the tax audit limit for NRIs from Rs 5 crore to Rs 10 crore is a welcome step. Even so, the TDS rules continue to be a major...
15 Mar, 2021, 10.00 AM IST
Indian tax laws give NRIs a raw dealInstead of trying to attract NRIs to invest in India, the tax laws deny them the benefits that are available to resident Indians.
22 Jul, 2013, 10.38 PM IST