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
There is very good news for the NRI’s who are earning there and paying tax here or whose salary is paid in India. The Authority of Advance Rulings (AAR) has held that the salary income of a nonresident individual for services rendered overseas cannot be taxed in India, even when such salary is paid into … Read more
With end of the financial year just around the corner, some of us would be in a hurry to make last-minute tax-saving investments. However, choosing the right tax-saver with such little time left is not easy. This is because there are several investments with varying features and tenures. And in our rush to select a … Read more
Taxability in India depends on the following: Residential status in India; source of income; and place of receipt of income. Residential status depends on your total physical presence in India in current financial year and previous 10 financial years. Residential status is dynamic and needs fresh determination for each financial year. There are three types … Read more
Being well-versed with the law is necessary for the citizen so that, he may not get stuck into any problem or issues. For the non-resident Indians, there are many laws and orders that they always have to keep in consideration in order to precede happy life. In this article, we are going to highlight about … Read more
Very important and useful news for all the non-resident tax payers of India is that they won’t face any taxes in India now. Authority of Advance Rulings (AAR) has held that the salary income of a nonresident individual for services rendered overseas cannot be taxed in India, even when such salary is paid into a … Read more
It is very important for the NRI to know about the income taxes he has to pay to the government of India. As per the income tax rules of the country, it is required that the non-residential Indian should submit a particular amount of his earning in the form of income tax to the country. … Read more
Income tax is definitely a very important thing for people to consider. Whatever a person earns, he has to share a portion of the same to the government so that, the money could be utilized in the welfare of people and also in country’s development. Even a person who is not staying in India but … Read more
The implementation of the Goods and Services Tax (GST) by the Indian government is having a marginal impact on non-resident Indians (NRIs), according to tax experts. The impact is being mainly felt on remittances and NRO and NRE accounts. generally banking charges are around 100 to 200 rupees per remittance, therefore, an increase of three … Read more
Goods and services tax is the most talked about thing in India for the year 2017 and hopefully it will remain the same in the upcoming years too and why not after all it is the single tax that is implemented on the entire nation. GST has many things for Indians and understanding the tax … Read more