US Tax Implications and Reporting Requirements
Background: US tax laws are based on residency as well as citizenship. That is, the US taxes both its residents…
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Income exempt from taxation in India in the hands of Non Resident Indian (NRI)
Certain specified incomes are completely exempted from tax in the hands of an individual who is a Non Resident in…
Taxation
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Tax Exemption Certificate
Under the Indian Income Tax Act, 1961 (the “Act”) any income or capital gain receivable by the NRI from any…
Taxation
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FEMA ASPECTS - Acquisition and Transfer of immovable property
The Foreign Exchange Management Act, 1999 (FEMA) and the Regulations notified by the Reserve Bank of India (RBI), regulates the…
Taxation
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Filing Return of Income in India by NRI
When is a NRI compulsorily liable to file a Return of Income (ROI) in India? A NRI is liable to…
Taxation
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Repatriation of income and assets held in India
The transfer of funds/income by NRI (Non-Resident Indian) or PIO (Person of Indian Origin) from the balances held in their…
NRI Investment
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Returning Indian – Tax obligations
Returning Indians (RI) are those Indians who are likely to return to India for good from the country where they…
Taxation
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Taxation of Gifts in the hands of Non Resident Indian (NRI)
The rules regarding taxation of gifts as per Income Tax Act, 1961 (‘the Act’) is applicable to Individual, Hindu Undivided…
Taxation
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Returning Indian – Impact on Assets
Returning Indians (RI) are those Indians who are likely to return to India for good from the country where they…
NRI Investment
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Mobile Banking Safety Tips
With Mobile Banking, your banking and financial transactions are at your fingertips Here are some precautions for safe and secure…
India Connect
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Winter Specialties
Interesting Specialties from Across the Length and Breadth of the Country Let’s take a look at some interesting specialties: Sabudana…
India Connect
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Estate Laws for Non-Resident Indian (NRI) In India
Non-Resident Indians Non-Resident Indians (NRIs) are citizens of India or Persons of Indian origin who qualify as Non-Residents in India…
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Taxability of Income Earned by Foreign Companies Investing in India
TAXABILITY OF INCOME EARNED BY FOREIGN COMPANIES INVESTING IN INDIA Any foreign company investing in India is required to file…
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Foreign Investment into India
FOREIGN DIRECT INVESTMENT (FDI) FDI is a direct investment by an individual investor or a company based in one country…
India Connect
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Acquisition and Sale of Estate in India by Non Resident
Person residing outside India, i.e., Non-Resident Indian (NRI) or Person of Indian Origin (PIO) or foreign national of Non-Indian origin…
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Adoption Laws
“Adoption” means the process through which the adopted child is permanently separated from his biological parents and becomes the lawful…
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GST on NRIs
How does GST affect me: I am an NRI? If you are importing goods or services from outside India or…
Taxation
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Common challenges faced by NRI investors
Investing in property can be a quite a task, but it becomes all the more difficult when the buyer lives…
NRI Investment
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Inheritance of property by Non-Resident Indians
Non-Resident Indians (NRIs) are eligible to inherit any immovable property within India, which may include farm or agricultural land. However,…
NRI Investment
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Who are NRIs, PIOs and OCIs?
Individuals living overseas can be classified into three major categories — Non-Resident Indians (NRI), Persons of Indian Origin (PIO) and…
NRI Banking
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Touring Delhi
Hidden secrets of Delhi unveiled — Let’s embark on an enthralling tour Delhi is an absolute blend of old world charm…
India Connect
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Taxation in NRO accounts & DTAA provisions
For Aadhaar Section 2 (V) of the Aadhaar Act defines ‘Resident’ as an individual who has resided in India for…
Taxation
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INDIAN ECONOMY UPDATE- Q3-2017- 18
The minutes of RBI’s December MPC meet were released. Most of the members highlighted upward risks to the inflation trajectory,…
NRI Investment
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Equity and Debt Market Overview (2017-18)
Executive Summary Equity Market Global market indices have scaled an all-time high given the ongoing improvement in global and EM…
NRI Investment
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Soak In the Margazhi Festival This Winter
Chennai, as is locally joked about, has only three types of weather – hot, hotter and hottest. So, while Chennai…
India Connect
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Taxation in NRO accounts and DTAA provisions
Non-Resident Ordinary Rupee (NRO) Account is a mode used by Non-Resident Indian/ Person of Indian Origin/ Overseas Citizen of India…
Taxation
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NRI NEWS AND ARTICLES
nri news
Statsguru: From price to return, 7 charts show how gold performed in 2019
In comparison to other asset classes, globally, gold rallied significantly after many years to deliver 18.4 per cent returns in 2019
WhatsApp faces global outage, users take to Twitter to report issues
According to Downdetetector.com, the problem started in the evening around 4 p.m. and alive outage map showed users in India, Europe, Brazil and in Southeast Asia were affected by the outage.
Govt to stop substitutable coal import; may auction explored blocks: Joshi
Centre can go for auction of 100 fully explored blocks, said Joshi
India may miss tax collection target for 2019-20 by nearly Rs 2.5 trn: Garg
The government had budgeted gross tax revenues of Rs 24.59 trillion
Blocking Huawei from rolling out 5G may cause $4.7 bn loss to India by 2035
The Chinese telecom firm, however, has been allowed to participate in 5G trials in India and the Indian government has not taken any stand yet to bar the company from building 5G network.
articles
US Tax Implications and Reporting Requirements
read moreBackground: US tax laws are based on residency as well as citizenship. That is, the US taxes both its residents […]
Income exempt from taxation in India in the hands of Non Resident Indian (NRI)
read moreCertain specified incomes are completely exempted from tax in the hands of an individual who is a Non Resident in […]
Tax Exemption Certificate
read moreUnder the Indian Income Tax Act, 1961 (the “Act”) any income or capital gain receivable by the NRI from any […]
Returning Indian – Impact on Assets
read moreReturning Indians (RI) are those Indians who are likely to return to India for good from the country where they […]
Taxation of Gifts in the hands of Non Resident Indian (NRI)
read moreThe rules regarding taxation of gifts as per Income Tax Act, 1961 (‘the Act’) is applicable to Individual, Hindu Undivided […]
Adoption Laws
read more“Adoption” means the process through which the adopted child is permanently separated from his biological parents and becomes the lawful […]
Mobile Banking Safety Tips
read moreWith Mobile Banking, your banking and financial transactions are at your fingertips Here are some precautions for safe and secure […]
Importance of Budgeting
read moreEvery month, I find I don’t have enough money; if the month were only 20 days long, budgeting would be […]
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