TDS on Property Purchase from an NRI: A Complete Guide to Avoid Penalties and Ensure Compliance
When buying property in India, especially from a Non-Resident Indian (NRI), it is essential to understand the rules surrounding Tax Deducted at Source (TDS). Failure to comply with these rules can...
Lower TDS Certificate for NRIs: A Comprehensive Guide to Reduce Your Tax Deduction
For Non-Resident Indians (NRIs), navigating the tax system in India can be challenging, especially when it comes to Tax Deducted at Source (TDS) on various income sources like rental income,...
Essential Checklist for New NRIs: Must-Dos and Key Considerations
Moving abroad and becoming a Non-Resident Indian (NRI) is an exciting milestone, but it comes with a unique set of responsibilities. From managing your finances to handling your Indian investments...
Understanding the Constituents of NRI Income Tax: A Guide for NRIs
When an Indian citizen moves abroad, their residential status changes, which directly affects their tax liabilities in India. This change in status is not just a legal formality; it significantly...
Tax Exemption Under Section 54 and Section 54F for NRIs: A Complete Guide
As an NRI, understanding the tax implications of selling your property or any other asset in India can save you significant money. Two sections under the Income Tax Act 1961—Section 54 and Section...
NRI Gift Deed: Understanding the Tax Rules for NRIs
Did you know that around 15 million Non-Resident Indians (NRIs) live across the globe, maintaining strong financial ties with their families back home in India? Whether it’s sending money for...
Impact of Residential Status on Indian Investments: What NRIs Need to Know
Over 15 million Non-Resident Indians (NRIs) are living across the globe, managing significant investments in India. For NRIs, understanding the impact of their residential status on NRI investments...
UPI for NRIs: Simplifying Payments, Making Transactions Faster and Cost-Effective
Launched by the National Payments Corporation of India in 2016, Unified Payments Interface (UPI) has revolutionized the way payments are made in India. Since its inception, UPI has seen exponential...
Understanding Overseas Citizen of India (OCI): Eligibility, Benefits, and Investment Opportunities
The Overseas Citizen of India (OCI) Benefits and Eligibility scheme has become an essential offering for individuals of Indian origin residing outside of India. Since its introduction in 2005, OCI...