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If you are an NRI, then any income that you earn or accrue in India will be taxable in India. Also, any income earned outside India will not be taxable...
What is NRI Taxation in India?Everyone must understand that you need to apply for a Tax Residency Certificate, as it will not automatically be issued to you. You can apply for a TRC by using...
What is the Importance of a Tax Residency Certificate (TRC)?Yes, an NRI will have to file income tax returns in India if they have any kind of income that is taxable in India. This can include income received from...
Do NRIs Need to File Income Tax Returns in India?If you want to sell your Indian property as an NRI, then 20% will be deducted by the buyer as tax deducted at source (TDS) for the long-term capital gains...
What is the TDS Rate on Property Sale by NRIs?A person who qualifies as a resident but doesn't fulfill the criteria for an ordinary resident comes under the RNOR status. Basically, it applies to people who are returning to...
What is the RNOR (Resident but Not Ordinarily Resident) Status?Yes, NRIs can avail of a tax deduction for their NPS contributions. Like Indian citizens, they also enjoy the benefits of NPS schemes, and they can only contribute to the...
Are NPS Contribution by NRIs Tax Deductible?For the NRIs, if your income is equal to or less than INR 2,50,000, then you don't need to pay any tax on it. If your income is between 2,50,000-5,00,000...
What are the Tax Rates Applicable to NRIs in IndiaIf you are selling a property as an NRI in India, then you need to pay 20% tax as a TDS for long-term capital gains, which you hold for more...
What are the Tax Implications of Selling Property in India as an NRI?NRIs can avoid double taxation through the lifesaving DTAA. It is basically an agreement that is signed by two countries. It is carried out by India with different countries, in...
How Can NRIs Avoid Double Taxation?If you are receiving gifts from relatives or friends from the NRIs. You are not obliged to pay any taxes under section 56 of the Income Tax Act 1961. These...
Are Gifts Received by NRIs Taxable in India?
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