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WORLDWIDE INCOME TAXATION
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...- 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...
- Jeff Bezos, world's 4th richest man, couldn't stop talking about a nurse in Queens earning $75,000. Here's whyAmazon founder Jeff Bezos, also the world's fourth richest man, argued that low-income earners in the US should pay no taxes, citing a nurs...
- Quote of the day by Thomas Piketty: “Refusing to deal with numbers rarely serves the interests of the...” Lesson on money, rising inequality, and why numbers reveal the truth — The modern Marx and writer of Capital in the Twenty-First Century, explains why ignoring economic reality hurts ordinary people the mostQuote of the day: Thomas Piketty warns that ignoring economic data often harms poor and middle-class families the most. In today’s world of...
- 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...
- 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...
- Is Donald Trump’s $5 million 'Gold Card' really worth the price?Donald Trump proposed a 'gold card' that offers US permanent residence and citizenship route for $5 million. Uncertainties remain about the...
- Tax break on buying EV: Will govt bring this interest deduction on buying electric vehicles back in Budget 2025?The push towards a greener future and comparatively lower cost of running and maintenance has led to a surge in the usage of EVs, which has...
- London calling? Not anymore. Tax tweaks worry NRIs, new migrantsMany non-resident Indians (NRIs) and recent migrants to the UK face uncertainty due to proposed changes in tax regulations set to eliminate...
- Budget 2016: Steps to encourage domestic patent regime proposed"I propose a special patent regime with 10 per cent rate of tax on income from worldwide exploitation of patents developed and registered i...
- Portfolios & Tax RatesRecent research has advanced our understanding of the role of taxation and investor protections on capital flows and patterns of foreign po...
- Query Corner: TaxationOur expert (Vaibhav Sankla, Executive Director, Adroit) guides you in matters relating to taxation. Email to etquerytax@indiatimes.com
- Tax solutions for globally mobile employeesGlobal mobility of the employees ensures creation of a globally-competitive team and best utilisation of expertise available within the gro...
- Invest overseas, pay tax at homeThough foreign exchange regulations permit resident individuals to invest up to $2 lakh abroad in a financial year, they are not entitled t...
- Tax solutions for globally mobile employeesGlobal mobility of the employees ensures creation of a globally-competitive team and best utilisation of expertise available within the gro...
- No tax on foreign cos if arm's length basis followed: ITATThe Income Tax Appellate Tribunal (ITAT) has held that a foreign company is not liable to pay tax to Indian authorities if its domestic age...
- How does the new Direct Tax Code impact NRIs in particular?The new tax code removes the NOR category of residential status. Now an individual would either be a Resident or NRI. Ways to lower tax bil...
- Good intentions have to be backed by implementationThe most heartwarming feature of the code is the personal tax rates. The code is a great leap for our generation but as always, all good in...
- 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...
- Taxman has no love for global citizensHere are the provisions of residential status of expatriates & NRIs and their taxability in India.
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