Following RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have laun...

NRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...

FCNR 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...

India’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...

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...

Returning Indians face significant tax challenges, often experiencing 'return shock' due to complex rules on residency, overseas income, an...

ITR for Non-resident Indians (NRIs): While filing income tax return (ITR) NRIs need to keep a close watch whether deemed residency status h...

Non-resident Indians (NRIs) are required to file Income Tax Returns (ITRs) if their income in India exceeds ₹2.5-3 lakhs, facing penalties,...

NRIs looking to return to India or stay for an extended period value the Aadhaar card as a crucial identification document issued by UIDAI.

NRIs earning income from multiple countries face potential double taxation issues. To address this, countries establish Double Taxation Avo...

NRIs navigating PPF accounts encounter restrictions and guidelines, from tax benefits to closure procedures. Understanding these rules is c...

If an NRI's PAN is still inoperative, he or she must inform the appropriate jurisdictional Assessing Officer of their NRI status and provid...

After the expiry of deadline to link PAN with Aadhaar on June 30, 2023, it may happen that an NRI finds that his/her PAN is inoperative. If...

While Non-Resident Indians NRIs are not required to obtain an Aadhaar number, the recent conclusion of the deadline for linking PAN and Aad...

If a person is eligible to receive an Aadhar Card number, they must link it with their PAN card in accordance with Section 139AA (2). The d...

Till the end of FY 2019-20, NRIs (including Indian citizens and PIOs) included those who visited India for less than 182 days in an FY. The...

There were expectations that the government would clarify on the residency status of these individuals in the 2021-22 Budget, which was pre...