Understanding NRI Income Tax
Income tax regulations and benefits available to NRI differ significantly from those available to resident Indian. When Do NRIs Face Taxation on Their Earnings in India? Non-resident taxable income includes:…
Understanding NRI Taxation on Rental Income in India
As the NRI’s are allowed to buy residential or commercial property in India, any earnings generated from property located in India are subject to Indian taxation. Income that accrues or…
Tax Savings for NRIs: The Lower Deduction Certificate
Tax Deducted at Source (TDS) can sometimes feel like a financial pinch, especially when it's at a higher rate than your estimated tax liability. Enter the Lower Deduction Certificate (LDC).…
Understanding NRI Tax Implications on Property Sales in India
If you're an NRI selling property in India, you need to be aware of the tax implications. NRIs who sell property in India have different tax rules than residents. Where…
Understanding Residential Status in India
Residential status for every person shall be determined for each Previous Year (PY) separately. PY means complete Financial Year from 1st April to 31st March of Succeeding Year. Basic Conditions…
Essentials of NRI PAN Applications
NRIs having a source of income in India or entering the following transactions need to mandatorily apply for a PAN Card with the Income Tax. When Mandatory Sale/ Purchase of…
