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 their Indian...
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...
Complete Guide to TCS on Foreign Remittances from India: What NRIs Need to Know
For Non-Resident Indians (NRIs), understanding how TCS affects NRI remittances is crucial when sending money abroad. One of the most important aspects NRIs need to understand when transferring funds...
Understanding How Indian Property Capital Gains Are Taxed in the USA: A Guide for NRIs
For Non-Resident Indians (NRIs) who are selling property in India, understanding the complexities of NRI tax compliance on property sale is crucial. While the transaction happens in India, the IRS...
Navigating NRI Banking and Remittance Services: A Comprehensive Guide
For Non-Resident Indians (NRIs), managing finances across different countries can often feel overwhelming. However, with proper NRI financial planning in both their home and host countries, NRIs are...
Can US Citizens Inherit Agricultural Land in India?
For Non-Resident Indians (NRIs) or individuals of Indian origin, inheriting agricultural land in India involves navigating a web of legal, regulatory, and tax-related complexities. The process is...