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NRIs are allowed to get shares of the listed and unlisted companies with mutual funds that are subject to the Foreign Exchange Management Act. The tax date depends on the instruments and holding period, which is long-term capital gains, in which you got listed equity and mutual funds with an 10% of holding period greater than 12 months and on other assets if the holding period is more than 2 years then tax liability would be 10% and short-term capital gains have a holding period of less than 12 months then the gain is termed as short term capital gainand the tax liability will be 15% which is provided by the STT.
NRIs holding shares of any FIIs or FPIs then they need to pay 10.4% TDS, and if they have any share holdings of a company, then they have to pay 20.89% TDS up to 1 crore, between 1-10 crore, they need to pay 21.2% TDS, and if the amount is above 10 crore, then they need to pay 21.8% TDS effectively.
Tax dividend on an investment made I shares in India or mutual funds, then it will come under the tax obligations because it is subject to pay tax at 20% under chapter VI-A of the investments made in the public provident funds, life insurance, and national pension schemes.
Yes, NRIs need to pay a dividend, which is taxed at 20% along with cess. But on the long-term capital gains, it is taxed at the same rate, which is 12.5% with cess. The difference between dividend tax and the long-term capital gain tax is irt can have a holding period of less than 2 years, while stocks can be held high.
If NRIs sent you remittances, then it is not taxable if they are from the money that is earned outside India. If remittances are earned in indian, then it is...
RNOR (Resident but not Ordinarily Resident) is beneficial for the NRIs if they have the income generated from the rent from abroad from rent, getting interests or dividends from the...
Yes, NRIS need to link their PAN card with an Aadhaar card under section 139AA of the Income Tax Act, 1961, for every person who is eligible to get an...
Here is the TDS rate on the interest earned in NRO accounts, which is subject to tax in India. Recent data shows that these TDS rates are 30% with surcharges...
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...
No, the income earned from interest on an NRE account is not taxable in India. So, as long as you hold the NRI status or a resident but not ordinarily...
Yes, as an NRI, you can open a joint account with residents in India. You can easily open an NRO/NRE or FCNR account with Indian banks under the Foreign Exchange...
Yes, there is a limit on the remittance income you earned in India under the Liberalised Remittance Scheme (LRS), where Indian individuals, including minors, can only remit up to 2,50,000$...
If 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...
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...
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