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Yes, an eligible OCI cardholder is required to pay income tax in India on the income generated in the country. Those OCI cardholders who have taxable income in India are required to file their Income Tax Return also known as ITR. One can file an ITR online. Your length of stay in India helps in identifying your residential status and it helps determine if you are eligible to pay tax in India for the given fiscal year or not.
What happens if I do not pay my taxes to the government of India regularly and take all, the business profits with me or not filing an ITR annually?
As I work in India and as an OCI card holder always file ITR because my annual income exceeds ₹3 lakh** as per the new tax regime announced by the government of India.
As I live and work in India as an OCI card holder, I always pay my taxes regularly and with honesty, all the profit and work I have done in India.
I have my OCI card by which I buy residential and commercial properties and by these properties, I generate a good amount of profit, and as a good citizen, I pay my tax to the government of India regularly.
Here are the simplest steps to check your updated OCI status: first, you need to visit the official website of the OCI services, then you need to go and select...
According to the Consulate General of India, a new OCI application can take up to 5-6 weeks from the date of application submission. If you are applying for a re-issuance...
As an OCI, if you an any Indian income generated from any business, rent, or any commercial property, then you need to pay taxes under the Income Tax Act. But...
Yes, OCI cardholders can live in India because it allows them to enter India lifelong. They can get multiple entries with an OCI card or can live in India for...
In case your parents don't have the original Indian passport, don't worry, you can still submit some other documents as alternatives. You can submit a copy of your parents' Indian...
Hey, just a heads-up to all the PIO cardholders, there is good news for all of you. The Government of India has extended the validity of the PIO card until...
An OCI cardholder has the permission to live in India for an indefinite time, whereas a PIO cardholders have a specific period. The key difference between them is in the...
The documents required for the PIO to OCI conversion are a PIO card, your current passport, an online application form, two recent passport-size photographs, proof of Indian origin, and additional...
To convert your PIO to an OCI card, submit your conversion application online at the https://ociservices.gov.in/oci website with the requested documents, along with a copy of your PIO card. Within...
I recently applied for PIO to OCI conversion, so here are the steps that I followed. Firstly, I filled out the application form at the official OCI website. After that,...
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