Non-Resident (NRIs, OCIs, Foreign Companies) Dividend Taxation – Shares, Mutual Funds

nri-dividend-taxation-india

Background Non-residents (NRIs, OCIs, Foreign Companies) invest in india in various Mutual Funds, Shares. On this investment they earn two kind of income. One is capital gain on sale of these instruments, and other is Dividend. This dividend is declared and paid by the Company whose Shares or Mutual Funds they are holding. In India, … Read more

TCS Tax – Foreign Remittances, LRS

TCS-Tax-Foreign-Remittances-LRS

Tax Collection At Source On Liberalised Remittance Scheme, Foreign Travel Expenses Section 206C(1G): Budget 2020 levied a new tax, in the form of TCS, on Liberalised Remittance Scheme transactions. TCS @5% shall be collected by the Authorised Dealer on foreign remittance transactions under Liberalised Remittance Scheme. This is applicable from October 1, 2020. LRS Scheme: … Read more

Interesting Facts about Mutual Funds

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A mutual fund collects money from the investors and invest the money on their behalf. It charges a little fee for managing the money. Mutual funds help the people who are willing to invest but not much aware about investments. There are different types of mutual funds. People can choose mutual fund schemes and invest … Read more

Safety Tips for the Debit Card Users

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Most of us use debit cards and debit cards have made our life easier. From withdrawing money from the ATM machine, bill payment, to shopping and everything is possible in fraction of seconds. You can do a large amount of money transaction without carrying cash with you. In a nutshell a debit card is basically … Read more

Facts about Income Tax Refund

facts-on-income-tax-refund

Income tax is a tax imposed by the central govt on individuals or entities who earn money or earn profit more than a certain limit. Income tax is calculated at specified rates on total income of a person and paid directly to the central govt. The provisions relating to the income tax was governed by … Read more

Facts you need to know about PAN card

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PAN is the abbreviation form of the permanent account number. A small card consisting of the unique 10-digit number is called PAN card. The 10-digit code is issued by the income tax department of India under the supervision of the Central board for direct taxes (CBDT). Those who earn a taxable income should have PAN … Read more

Understanding GST as it Crawls Through the 1st Year

understanding-gst

The Goods and Services Tax, popularly known as GST, is just three weeks away from celebrating its 1st anniversary mark. It was a ceremonial affair where the President of India, Pranab Mukherjee, along with the Prime Minister of India Narendra Modi announced the implementation of the most awaited reformed taxation, the GST. After years of … Read more

Can NRI Purchase or Own a Property in India?

nri-property-purchase-in-india

Before any monetary investment, it is very much important to know about the tax rules. Any non-resident Indian (NRI), who is interested in buying a property in India, should be aware of certain legal provisions pertaining to the purchase or owning of an immovable property in India under the Foreign Exchange Management Act (FEMA). NRIs … Read more

What Things Should an NRI Keep in Mind While Investing in Indian Real Estate?

nri-guide-to-property-investment-in-india

Investment on real estate needs a lot of knowledge and also the person is supposed to keep a close eye on all the recent developments in the same.  For an NRI, investing on real estate is really a difficult task to deal and also to handle. A very common question that emerges in the situation … Read more