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TAX DEDUCTION FOR NRIS
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
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...
PPF, SCSS and NSC have outperformed equity in last 2 years, but should you write off equities?Small savings schemes vs Nifty indices: While equities have shown muted returns recently, small savings schemes have offered stable returns...
GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
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...
Income tax made easy: NRIs' complete guide to income tax filingSrishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Ex...
Revised procedure for TDS certificates: What NRIs need to knowUnlike residents, NRIs cannot use Form 15G/H and must apply for a reduced or zero TDS certificate. The process involves submitting an onlin...
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...
NRI Budget wish list: Four things Indians abroad are hoping for this yearIndians working or living abroad are hoping for some long-pending changes in the Finance Bill this time.
Can NRIs save tax through health insurance bought in India?An NRI is allowed to buy a health insurance policy in India to secure their health as well as that of their family members. Most Indian hea...
Where TDS is applicable and how to avoid itCleartax.in lists the incomes and transactions on which TDS is applicable and how one can avoid it.
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.
Budget 2013: Five things NRIs would look for from the finance ministerIt is a well known fact that the Non-Resident Indian (NRI) community plays a crucial role in the scheme of things in the Indian economy.
Budget 2012 should make TDS for NRIs less tediousTax deduction at source (TDS) is perhaps one of the biggest pain points for a Non Resident Indian’s (NRI) transactions. The budget could do...
Taxation rules for NRIsWhen it comes to filing taxes, NRIs find themselves in this unenviable position as Income tax rules for NRIs are different.