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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...
Are NRIs Required to Link PAN with Aadhar?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...
Are Dividends Received by NRIs From Indian Companies Taxable?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...
What is the TDS Rate on Interest Earned in NRO Accounts?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...
Is Income From NRE Accounts Taxable in India?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?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 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?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 IndiaYes, 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?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?
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