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TAX NOTICE TO NRI
Rs 1,100 crore a day nightmare: Why FIIs are ruthlessly selling bank stocksForeign investors are aggressively selling Indian bank stocks, offloading over ₹1,100 crore daily due to global economic pressures and port...- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
- 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...
- Income Tax dept seeks details from NRIs, offshore firms on unlisted share deals, flags valuation and fund source concernsIndia’s tax department has asked NRIs and offshore entities to justify investments in unlisted shares, seeking details on fund sources and ...
- Are you an NRI earning from rentals in India? High TDS, tax notices & refund delays explained
- Dubai earnings sent through banking channels, yet tax notice issued: ITAT Ahmedabad rules property purchase can’t be treated as unexplained investmentAn NRI working in Dubai since 1993 successfully challenged a tax notice for unexplained property investment in India. The ITAT Ahmedabad ru...
- Property purchase from an NRI will not need TAN: How it will help homebuyers immenselyA resident buying property from an NRI must obtain a TAN, pay tax under Section 195, and submit quarterly TDS returns, similar to corporati...
- NRI property sellers lose lakhs to TDS delays; why Budget 2026 must step in to simplify the tax rulesComplex tax regulations for Non-Resident Indian (NRI) property sellers are causing significant fund blockage, with 12.5% to 31.2% of sale p...
- NRI bought Rs 66 lakh property in India, paid TDS but didn't file ITR, got tax notice; he fights and wins case in ITATA US citizen of Indian origin, Mr. Patel, faced a tax notice for an unexplained Rs 66 lakh property purchase in India. Despite his inabilit...
- UK-based taxpayer ignored tax notices, still escaped Rs 10,000 penalty; here’s whyA UK resident successfully challenged a Rs 10,000 tax penalty imposed for not responding to a notice. The Income Tax Appellate Tribunal (IT...
- Taxpayer wins Rs 69-lakh unexplained investment income tax case in ITAT Mumbai on these technical groundsIn 2025, an Indian engineer working in Dubai, won a tax case against the Income Tax Department regarding a Rs 69-lakh 'unexplained investme...
- NRI wins capital gains tax case in Delhi High Court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand noticeAn NRI faced tax issues after a property sale in Pune for Rs 2 crore. The buyer used the wrong TDS form (26QB), causing problems. The Incom...
- NRIs getting income tax notices for claiming lower tax rate benefit under DTAA; Know how to resolve this situationNRI taxation: Many non-resident Indians (NRIs) are receiving Income Tax notice under Section 143 (1) (a) of the Income Tax Act, 1961 becaus...
- Tax and disclosure norms: NRIs asked to state number of days spent in IndiaUnlike residents, NRIs are not required under the law to pay tax on overseas earnings or declare foreign assets. However, if they overstay ...
- SC tells CBDT to address NRI tax fearsDosa chain Saravana Bhavan moves Madras HC after being turned away from Income Tax Settlement Commission
- NRIs’ residential status comes under I-T lensAn NRI is spared tax on income outside India. A resident is required to pay tax on global earnings.
- NRIs can continue their PPF account now; Earlier it was to close on losing resident statusAn NRI cannot invest in PPF, however, if one's residential status subsequently changed to NRI, the account was allowed to be run till matur...
- NRIs under ED Scanner over fund transfers in NRE accountsEven though NRIs do not have to pay tax for their earnings or funds abroad, none of them can afford to disregard the notices as long as the...
- NRIs betting big on MFsFor NRIs deeply interested in new fund offers (NFOs), or even existing open-ended funds, it is important to check out the tax implications ...
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