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TAX SAVINGS AUSTRALIA
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...
- Australia's lower house passes bill for biggest overhaul of taxes in decadesAustralia's parliament has approved a major tax reform. The government is curbing tax breaks for property investors to boost housing afford...
- Governments worldwide shield households from rising energy costsNations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel co...
- Need over ₹2 crore for foreign education? From scholarships to SIPs - know the smart ways parents can plan for expensive foreign degreesThe escalating cost of foreign education, often underestimated by Indian parents, necessitates early financial planning. Beyond tuition, ac...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- Domino's Pizza falls short of US sales estimates as diners curb spendingDomino's Pizza reported a miss on first-quarter same-store sales, with U.S. growth at 0.9% falling short of estimates. Budget-strained Amer...
- Robotic joint replacement surgery and insurance: The gap patients should know aboutRobotic surgery offers better outcomes for knee and hip pain patients. However, many Indians cannot access this advanced treatment due to i...
- Rs 40,000 salary, 16-hour work days, loneliness: Ankur Warikoo shares harsh ‘survival’ reality of living abroad.Many Indians move abroad for better careers and salaries. However, entrepreneur Ankur Warikoo highlights the hidden struggles. High living ...
- Australia announces $1000 instant tax deduction for millions of taxpayers under proposed law; How it works and what will be the maximum and average savings?Millions of Australians will soon benefit from a $1,000 instant tax deduction. This new legislation simplifies claiming work-related expens...
- Budget 2025 leaves NRIs with a more complicated financial futureThe Union Budget 2025 tightens tax regulations for NRIs, including students and professionals abroad, increasing scrutiny on foreign income...
- 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 ...
- How to invest gains made from selling property to avoid LTCG taxOur panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- Australia, Britain sign free trade agreementThe deal abolishes 99 per cent of taxes on exports, saving Australia about USD 10 billion on exports including lamb, beef, sugar and dairy....
- OECD global tax deal: Large Indian companies rethink overseas investment plansEarlier this month, the OECD had announced that 136 countries had agreed to join an accord to impose a two-pillar global tax reform plan. A...
- Pandemic to cost Australia USD 131 billion this year, tipping its economy further into the redTreasurer Josh Frydenberg revealed Australia's crumbling economic outlook based on increased government spending to stimulate to economy an...
- Budget 2016: Income tax rates moderate in India, shows internal analysis by finance ministryIndia is seen to have lower tax rates than several other countries, an internal analysis by the finance ministry has shown.
- India records second highest outflow of high net-worth individuals: ReportOver the last 14 years (2000-14), India saw 61,000 HNWIs leave the country. It was second only to China, which witnessed 91,000 millionaire...
- There’s a market for everybody in India: Rob Whitfield, Westpac Institutional BankBanks from the West are shrinking in markets other than their homes, thanks to tighter regulations post-2008 crisis and falling business vo...
- One-third of money invested abroad as outbound investment have been in tax havensOver 80 companies invested in countries like Mauritius, British Virgin Islands and Cyprus - popularly known for their liberal taxation regi...
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