Taxation

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 […]


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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 […]


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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 […]


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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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