US
A. If you are in India for 182 days or more in any financial year (Apr- Mar), you qualify to be […]
US
A. Money cannot be transferred from an NRO account freely the way it can be from an NRE account. However, for […]
US
A. Legally we can comment only on Indian tax laws and rules. As regards taxability in USA of gifts given by […]
US
A. TDS will be deducted on the interest earned from NRO account @30% plus applicable cess and surcharge. The entire NRO […]
US
A. As per the provisions of Sec. 56 of the Indian Income Tax Act (ITA), gifts given by a close relative […]
US
A. If your total Indian taxable income is over the basic tax threshold of Rs. 250,000, you are required to file […]
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