Taxation

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 […]


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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 […]


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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 […]


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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 […]


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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 […]


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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 […]


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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 […]


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Liberalized Remittance Scheme

Resident Indians were facing hardships for effecting legitimate foreign exchange transactions. To facilitate this and to permit partial free flow […]


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How to avoid double taxation?

NRI’s who earn income in India needs to pay tax in India. Generally these taxes are deducted by way of […]


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