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...
04 May, 2026, 11.32 AM IST
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 ...
22 Apr, 2026, 10.36 AM IST
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...
27 Feb, 2026, 02.37 PM IST
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...
04 Feb, 2026, 05.31 PM IST
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...
19 Jan, 2026, 08.34 AM IST
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...
15 Jan, 2026, 12.25 PM IST
NRIs returning to India: 6 tax mistakes that can haunt you years later & how to avoid themReturning Indians face significant tax challenges, often experiencing 'return shock' due to complex rules on residency, overseas income, an...
12 Jan, 2026, 06.30 AM IST
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...
10 Jan, 2026, 07.11 AM IST
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...
18 Jul, 2025, 05.28 PM IST
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...
14 Jun, 2025, 01.28 PM IST
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...
24 Mar, 2025, 10.39 AM IST
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 ...
09 Jan, 2024, 08.32 AM IST
SC tells CBDT to address NRI tax fearsDosa chain Saravana Bhavan moves Madras HC after being turned away from Income Tax Settlement Commission
11 Feb, 2021, 07.47 AM IST
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.
09 Jul, 2019, 11.53 AM IST
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...
26 Feb, 2018, 03.16 PM IST
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...
30 Sep, 2016, 03.38 AM IST
- NRIs betting big on MFs
For NRIs deeply interested in new fund offers (NFOs), or even existing open-ended funds, it is important to check out the tax implications ...
23 Dec, 2006, 10.21 AM IST