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TAX RELIEF FOR NRIS
Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...
NRI Talk| For a Rs 50 crore NRI portfolio, structure matters as much as stock selection: Tarun BiraniNRIs view India with cautious optimism, recognizing its long-term growth potential despite recent market flatness and rupee depreciation. D...
FIIs, weak global cues among 5 factors that could keep D-St under pressure this weekIndian stock markets may remain under pressure this week amid persistent FII selling, weak global cues, rising geopolitical tensions in Wes...
RBI's foreign capital push reflects rising inflation, slowing growth concerns: ReportThe Reserve Bank of India is introducing new measures to attract foreign investment. This move aims to tackle rising inflation, slowing eco...
GIFT Nifty tumbles 1.5% as US stock market plunges. Will Dalal Street crash on Monday?GIFT Nifty plunged over 1.5% after a sharp selloff on Wall Street, signalling a weak start for Dalal Street on Monday. Strong US jobs data ...
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...
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...
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...
Budget 2026: FM Sitharaman proposes exemption from Minimum Alternate Tax to all non-residents who pay tax on presumptive basisFinance Minister Nirmala Sitharaman proposed tax relief measures in Union Budget 2026. Non-residents under presumptive taxation will be exe...
Plan to become an NRI to save tax? You may still come under tax scannerA recent ruling providing tax relief to NRIs on MF capital gains has taxpayers mulling a move abroad, but the tax authorities are watching ...
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...
5 ways Budget 2025 can simplify income tax rules for NRIsBudget 2025 could simplify tax compliance for NRIs by addressing procedural challenges, such as setting thresholds for Tax Residency Certif...
Double tax for NRIs if this form is not filed and this is not claimedNon resident Indian (NRI) taxation: NRIs have to pay double the tax on the same income if their favourable DTAA rates and tax releif claim ...
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...
NRIs want Budget 2024 to ease 6 tax troubles: TDS on property sale, disparity in LTCG, dividend taxation and othersUnder Indian tax laws, NRIs are taxable on their Indian-sourced income, such as capital gains, dividends, and interest. They are generally ...
Budget 2023: Expectations on NRI taxationTo begin with, the government may make it easier for NRIs to understand their taxation process. This could include providing clarifications...
CBDT note to face fresh Supreme Court challenge from NRIBaid, who works in Dubai, would either move a fresh petition or file an application challenging the recent communiqué from the Central Boar...
CBDT to keep double tax avoidance, international practices in view on NRI tax residencyMeasures or directions taken by countries such as the US, UK and others would also have to be considered such that the view India takes is ...
No residency rules tax relief for NRIs stranded due to Covid for FY 2020-21 in Budget 2021These stranded NRIs had been given relaxation in residency criteria for income tax purposes for FY 2019-20. NRIs were seeking relaxation be...
- Thumbs-up for tax relief to NRIs
The decision provides relief to NRIs in UAE who remit about Rs 4,000 crore annually in India.