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DOUBLE TAXATION FOR NRIS
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...
GIFT City investment edge for NRIs: Tax benefits and global investment access with new insurance opportunityNRIs now have a new investment avenue through GIFT City. This international financial hub provides access to global markets and tax-efficie...
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...
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...
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...
Top 5 mistakes NRIs must avoid while investing in IndiaNRIs investing in India should avoid common mistakes like delaying KYC updates, overlooking foreign TIN requirements, focusing solely on ta...
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 ...
Decoding tax rules for NRIs working remotely from India for foreign employersThe pandemic led to work flexibility, impacting NRIs with significant tax implications. The article discusses tax laws, DTAA, Act exemption...
Income Tax filing: The three biggest challenges for NRIs when filing their taxesIndia now boasts the largest overseas diaspora globally, with around 32 million Non-Resident Indians (NRIs) and Overseas Citizens of India ...
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...
Explained: Taxation of income from other sources in the hands of Non-ResidentsAn NR not only includes an Indian citizen who stays outside of India (commonly referred to as Non-resident Indians or NRI) due to education...
Financial pitfalls NRIs should avoid while investing in IndiaAs NRIs, investing in Indian markets need not be a burdensome task. Today, in the post-pandemic world processes and procedures have swiftly...
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...
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...
How NRIs can claim tax benefits under DTAANRIs residing in any of the DTAA countries can avail of benefits provided under DTAA by timely submission of residency certificate.
- New India tax worries NRIs in UAE
As per new amendments, NRIs will be taxed for future capital gains (income) earned from investments in India.
- Experts back tribunal ruling against taxing NRIs in UAE
The Income Tax Appellate Tribunal’s (ITAT) recent decision against taxing NRIs working in UAE, in the Green Emirates Shipping and Travels c...